Page 920 - Markets News
Shilpa Medicare's stock rallies 8% on successful phase-1 trials of rHA
Shares of Shilpa Medicare soared up to 7.96 per cent at Rs 718.90 per share on the BSE in Wednesday's intraday deals
 "Shilpa Medicare's stock rallies 8% on successful phase-1 trials of rHA")
Ceigall India listing price prediction: GMP signals muted gains; Details
Ceigall India IPO received a decent response from investors, getting subscribed 14.01 times on the final day of subscription
 "Ceigall India listing price prediction: GMP signals muted gains; Details")
Fusion Finance stock tanks 20%, hits 52-week low on weak Q1 results
The company reported a net loss of Rs 35.62 crore in June 2024 quarter due to higher than usual provisioning.
 "Fusion Finance stock tanks 20%, hits 52-week low on weak Q1 results")
FPI buying in Indian IT rises to highest since 2022 in July, shows data
Prior to this, the IT sector was divided into software, services and hardware technology
 "FPI buying in Indian IT rises to highest since 2022 in July, shows data")
LIC Housing, Marico among 4 stocks with short buildup; key levels to track
LIC Housing, Marico, JK Cement and Motherso Sumi have shed up to 15% in the last four days alongside up to 15% increase in open interest, thus suggesting short buildup at these counters.
 "LIC Housing, Marico among 4 stocks with short buildup; key levels to track")
Suzlon Energy locked in 5% upper circuit after acquisition worth Rs 620 cr
The company has signed definitive agreements to acquire a 76 per cent stake in Renom Energy Services Private Limited from the Sanjay Ghodawat Group (SGG). The acquisition will occur in two stages
 "Suzlon Energy locked in 5% upper circuit after acquisition worth Rs 620 cr")
Ola Electric IPO allotment today: GMP tumbles; Check expected listing price
The shares of Ola Electric are scheduled to be allotted today. Once the allotment is finalised, investors can check the allotment status by visiting the official website of BSE or Link Intime India
 "Ola Electric IPO allotment today: GMP tumbles; Check expected listing price")
Cummins India shares soar 7% post robust Q1FY25 net profit growth
On Tuesday, Cummins India reported a 33 per cent year-on-year (YoY) increase in its standalone net profit for the first quarter of FY25, reaching Rs 419.8 crore
 "Cummins India shares soar 7% post robust Q1FY25 net profit growth")
IndusInd Bank down 2%, hits 52-week low; trades lower for 6th straight day
The stock of private sector bank is quoting lower for the sixth straight trading days, falling 6% during the period and 20% from its 52-week high of Rs 1,694.35 hit on January 15, 2024.
 "IndusInd Bank down 2%, hits 52-week low; trades lower for 6th straight day")
ONGC rallies 8% on upbeat volume guidance; Oil India surges 9%
ONGC management expects total crude oil/gas production volume (incl. JV) to rise by 12 per cent/27 per cent to 23.1mmt/25.9mmt by FY27, mainly driven by KG-98/2 and Daman upside development.
 "ONGC rallies 8% on upbeat volume guidance; Oil India surges 9%")
Nuvama says 'Buy' JTL Industries for 53% upside; initiates coverage
JTL has achieved an impressive 50 per cent PAT CAGR over FY19-24, and Nuvama estimates it will clock a 38 per cent CAGR over FY24-27E on the back of capacity expansion and an improved product mix
 "Nuvama says 'Buy' JTL Industries for 53% upside; initiates coverage")
Bata India's stock slips 5% post muted revenue growth in Q1FY25 results
On Tuesday, Bata India reported a 62.84 per cent increase in its consolidated net profit for the first quarter ending June 2024, reaching Rs 174.36 crore
 "Bata India's stock slips 5% post muted revenue growth in Q1FY25 results")
Chambal Fertilisers gains 4% on healthy Q1FY25 performance; details here
The rise in the stock price came after the company posted healthy numbers in the June quarter of financial year 2025 (Q1FY25).
 "Chambal Fertilisers gains 4% on healthy Q1FY25 performance; details here")
Real estate stocks gain as govt proposes to amend indexation, LTCG tax rule
LTCG indexation amendment: Under the proposed amendment, home owners, planning to sell their property bought before July 23, 2024, can choose between the new and the old tax regimes
 "Real estate stocks gain as govt proposes to amend indexation, LTCG tax rule")
Lupin's shares zoom 6%, hit 52-week high on solid Q1 show; details here
Mumbai-based Lupin reported a whopping 77.2 per cent year-on-year (Y-o-Y) increase in profit after tax (PAT) for Q1FY25, reaching Rs 801 crore
 "Lupin's shares zoom 6%, hit 52-week high on solid Q1 show; details here")
This garment stock has rallied 44% in 2 days; zoomed 114% from June low
Shares of S.P. Apparels hit a new high of Rs 1,133, as they surged 20% on the BSE in Wednesday's intra-day trade amid heavy volumes.
 "This garment stock has rallied 44% in 2 days; zoomed 114% from June low")
Here's why EIH stock price plunged 10% in intraday deals on August 7
The sharp fall in the stock price came after the company reported a weak set of numbers in the June quarter (Q1FY25).
 "Here's why EIH stock price plunged 10% in intraday deals on August 7")
Top dividend yield stocks: Religare Broking picks best bets for investors
Religare Broking has filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks
 "Top dividend yield stocks: Religare Broking picks best bets for investors")
Low on equities, balanced advantage funds withstand market turmoil better
Half the schemes fell 1.5% or less on Monday even as markets tanked 3%
 "Low on equities, balanced advantage funds withstand market turmoil better")
PB Fintech's shares skyrocket 16%, hit all time high post Q1; check details
The stock price of PB Fintech surged up to 16.23 per cent, hitting its all time high at Rs 1664.35 per share on the BSE in Wednesday's intraday trade
 "PB Fintech's shares skyrocket 16%, hit all time high post Q1; check details")