Page 937 - Markets News
This Mukul Agrawal-owned stock crossed Rs 10,000-mark; up 725% in 2 years
Neuland Laboratories hit a new high of Rs 11,093.15, as the stock rallied 18% on the BSE in Friday's intra-day trade on the back of robust earnings for June 2024 quarter.
 "This Mukul Agrawal-owned stock crossed Rs 10,000-mark; up 725% in 2 years")
Shakti Pumps shares locked in 5% upper circuit on Rs 558 crore-order win
The uptick in stock price came after the company announced that it has secured Letter of Intent (LoI) for an order worth Rs 558.16 crore from Department of Agriculture, Uttar Pradesh.
 "Shakti Pumps shares locked in 5% upper circuit on Rs 558 crore-order win")
ITC share price target raised: Up to 17% upside expected on steady cig biz
ITC share price today: Analysts expect legal cigarette players to gain market share from illegal player. ITC could be a key beneficiary
 "ITC share price target raised: Up to 17% upside expected on steady cig biz")
ixigo stock jumps 5% on healthy June quarter performance; profit zooms 78%
The uptick in the share price came on the back of strong June quarter (Q1FY25) results.
 "ixigo stock jumps 5% on healthy June quarter performance; profit zooms 78%")
Auto index skids 2% on tepid July sales; Maruti, TaMo, Eicher slip up to 5%
Auto stocks update: The overall wholesale volume performance was subdued in July 2024 with some segments like PV, CV and select two-wheeler players' volume reporting weak sales volume.
 "Auto index skids 2% on tepid July sales; Maruti, TaMo, Eicher slip up to 5%")
IDBI Bank stock gains 3% as RBI okays 3 bidders for majority stake sale
The finance ministry is likely to provide private data room access to potential bidders of IDBI Bank as soon as next week after it received a fit and proper nod for three suitors from the RBI.
 "IDBI Bank stock gains 3% as RBI okays 3 bidders for majority stake sale")
KP Green Engg rises 5% on orders of Rs 53 cr; stock up 141% in six months
The uptick in the stock price came after the company announced that it has secured orders worth over Rs 53 crore.
 "KP Green Engg rises 5% on orders of Rs 53 cr; stock up 141% in six months")
Indian bonds seen a tad lower, yield holds 6.90% level before debt sale
New Delhi aims to raise 220 billion rupees ($2.63 billion) on Friday through the sale of bonds, which includes 10-year green bonds and a 30-year paper
 "Indian bonds seen a tad lower, yield holds 6.90% level before debt sale")
RattanIndia Power stock price rallies 4% on strong June quarter performance
The rise in the share price came after the company announced a strong set of June quarter results (Q1FY25).
 "RattanIndia Power stock price rallies 4% on strong June quarter performance")
Info Edge rallies 5% in weak market, nears record high on positive outlook
Info Edge share price: The sustained growth momentum in the non-IT sectors is expected to continue to buoy the company's recruitment business
 "Info Edge rallies 5% in weak market, nears record high on positive outlook")
GHCL stock up 12% day after dip in Q1 net; here's what triggered the rally
GHCL has been allotted 6,449 hectares of land in Kutch for salt production on a 30-year lease; stock up 40 per cent so far in FY25.
 "GHCL stock up 12% day after dip in Q1 net; here's what triggered the rally")
Infosys shares fall in trade on Friday amid GST notice row; check details
On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.
 "Infosys shares fall in trade on Friday amid GST notice row; check details")
Gold price outlook turning constructive on hopes of rate cut: Sharekhan
Gold prices likely to be volatile and choppy ahead of the key US macroeconomic releases, says analyst at the brokerage firm.
 "Gold price outlook turning constructive on hopes of rate cut: Sharekhan")
Silver Price Outlook: Global economic worries weigh, says Sharekhan
Buying the dips with appropriate stop-losses is likely to be preferred strategy for Silver as the US nonfarm payroll report looms, says Praveen Singh of Sharekhan by BNP Paribas.
 "Silver Price Outlook: Global economic worries weigh, says Sharekhan")
SJS Enterprises surges 12% in weak market on strong Q1 performance
The company is positioned to achieve revenue growth exceeding 1.5X that of the underlying industry growth, while maintaining robust EBITDA margins, driven by promising prospects in the 2W and PV.
 "SJS Enterprises surges 12% in weak market on strong Q1 performance")
Tata Motors shares fall 5% after Q1 show; Check reasons, new target prices
The board of the company approved the demerger of the Tata Motors into two separate listed companies. The company revealed that the demerger will conclude in the next 12 to 15 months.
 "Tata Motors shares fall 5% after Q1 show; Check reasons, new target prices")
4 reasons why the Sensex sank nearly 800 pts on Friday August 2
The NSE Nifty shed 1 per cent and tested a low of 24,751 amid the global market sell-off on Friday; MidCap and SmallCap indices declined more than 1 per cent each.
 "4 reasons why the Sensex sank nearly 800 pts on Friday August 2")
India govt bond yields seen a tad lower as US peers sink; debt sale eyed
U.S. Treasury yields sank on Thursday, with the 10-year yields hitting a fresh six-month low in Asian hours on Friday
 "India govt bond yields seen a tad lower as US peers sink; debt sale eyed")
GIFT Nifty down 1%, Nikkei slides 5%: Triggers for stock market on Aug 2
All you need to know before market opens on Friday: Global shares tumble as fears of US economic slowdown resurface; 24,800 is key support for on the Nifty, say experts. Ola Electric IPO opens today.
 "GIFT Nifty down 1%, Nikkei slides 5%: Triggers for stock market on Aug 2")
Nandish Shah of HDFC Securities recommends Bull Spread on Tata Power
Tata Power stock price has broken out on the daily chart to close at all time high with sharp rise in volumes.