Page 1047 - Markets News
Bull spread on Chambal Fert: Buy Call at Rs 440, says HDFC Securities
Stock price has broken out on the daily chart where stock price closes at two year high
 "Bull spread on Chambal Fert: Buy Call at Rs 440, says HDFC Securities")
Strong prospects already priced in for Crompton Greaves after Q4 results
While there's bullish consensus on the company's future performance, the stock has gained over 40 per cent in the last six months and valuations may become stretched
 "Strong prospects already priced in for Crompton Greaves after Q4 results")
Hero Motocorp, JSW energy among 7 midcap stocks likely to get largecap tag
M-cap of 6 of these 7 midcap stocks has topped Rs 1 trillion
 "Hero Motocorp, JSW energy among 7 midcap stocks likely to get largecap tag")
Fundraising through SME IPOs in the first half of 2024 touches Rs 3,000 cr
Record-breaking fundraising in first half since SME option debut
 "Fundraising through SME IPOs in the first half of 2024 touches Rs 3,000 cr")
Will Modi 3.0 spur rally in PSU stocks again? Selectively, say analysts
PSU stocks to buy: Analysts caution that premium valuation of PSU stocks may lead to limited upside from here
 "Will Modi 3.0 spur rally in PSU stocks again? Selectively, say analysts")
Sebi bars SecUR Credentials, managing director for alleged fund diversion
SecUR was first listed with NSE Emerge, the SME platform by the National Stock Exchange (NSE), and was later migrated to the mainboard of both exchanges in October 2022
 "Sebi bars SecUR Credentials, managing director for alleged fund diversion")
Market capitalisation of BSE-listed firms hits new peak of Rs 431.67 trn
Tracking the rally in equities, the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 43,167,541.81 crore
 "Market capitalisation of BSE-listed firms hits new peak of Rs 431.67 trn")
Stock Market Highlights, June 13: Sensex, Nifty end listless session with minor gains; VIX down 6%
Stock Market Highlights on June 13: The BSE Sensex ended 204 points higher (at 76,811), while the Nifty closed 76 points up (near 23,400)
 "Stock Market Highlights, June 13: Sensex, Nifty end listless session with minor gains; VIX down 6%")
Shriram Finance market cap crosses Rs 1-trillion mark; stock rallies 4%
Shriram Finance share: With an m-cap of Rs 1.01 trillion, Shriram Finance stood at 96th position in the overall ranking on the BSE
 "Shriram Finance market cap crosses Rs 1-trillion mark; stock rallies 4%")
Small-sized cement shares in focus; Sanghi, NCL, Saurashtra rally up to 11%
As per media reports, Adani Group was evaluating multiple cement companies like Penna Cement, Saurashtra Cement, JP Associates' cement business & Vadraj Cement for acquisition.
 "Small-sized cement shares in focus; Sanghi, NCL, Saurashtra rally up to 11%")
L&T share price gains after bagging large offshore order from ONGC
Shares of Larsen and Toubro (L&T) soared 2.3 per cent at Rs 3716.80 per share on the BSE in Thursday's intraday trade
 "L&T share price gains after bagging large offshore order from ONGC")
Sanofi India turns ex-date for healthcare biz demerger; hits 5% upper limit
Each member of Sanofi India holding 1 equity share in Sanofi India as on the Record Date i.e. June 13, 2024 shall entitled to receive 1 equity share of Sanofi Consumer Healthcare India.
 "Sanofi India turns ex-date for healthcare biz demerger; hits 5% upper limit")
India bond ETF assets grow by a third after index inclusion announcement
LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs
 "India bond ETF assets grow by a third after index inclusion announcement")
Venus Remedies up 8% on order win from UNICEF for bacterial infection drug
The uptick in stock price came after the company announced that it has secured an award for its antibiotic product, Ceftriaxone 1 gm, from UNICEF
 "Venus Remedies up 8% on order win from UNICEF for bacterial infection drug")
Thomas Cook India's shares rise after CRISIL upgrades outlook to 'Positive'
Thomas Cook India's stock price zoomed 3.2 per cent at Rs 225 per share on the BSE in Thursday's intraday trade
 "Thomas Cook India's shares rise after CRISIL upgrades outlook to 'Positive'")
Sugar stocks zoom up to 14% after official says govt considering price hike
According to reports, a senior Government official stated that the revision is likely to apply to the next sugar season and not the ongoing one
 "Sugar stocks zoom up to 14% after official says govt considering price hike")
This infra stock has zoomed 80% in 7 days; Quant MF acquired 1.75% stake
OM Infra hit a record high of Rs 174 on rallying 10% on the NSE in Thursday's intra-day trade. The stock has appreciated by 29 % in two days after Quant MF purchased nearly 2% stake in via open market
 "This infra stock has zoomed 80% in 7 days; Quant MF acquired 1.75% stake")
Arvind share price jumps 3% after workers call off strike at Santej plant
The uptick in share price came after the company announced that the strike at Santej plant by workers demanding wage hike has been called off
 "Arvind share price jumps 3% after workers call off strike at Santej plant")
India bond market to wait for fiscal layout clarity before next rally: Citi
The Fed kept policy rates unchanged with the interest rate dot plot projecting only one rate cut in 2024, down from three signaled in March
 "India bond market to wait for fiscal layout clarity before next rally: Citi")
Power Mech Projects shares gain 10% post block deal worth Rs 131 cr
Power Mech Projects stock price zoomed 9.68 per cent at Rs 5379.95 per share on the BSE in Thursday's intraday trade
 "Power Mech Projects shares gain 10% post block deal worth Rs 131 cr")