Page 973 - Markets News
This Ashish Kacholia-owned stock has surged 20%; zoomed 147% from IPO price
Awfis, a network of flexible workspaces, announced the launch of two new centres at Mantri Commerce and Vista Pixel in Bengaluru
 "This Ashish Kacholia-owned stock has surged 20%; zoomed 147% from IPO price")
Muthoot Capital Services zooms 9% on plans to raise up to Rs 50 cr via NCDs
The Muthoot Capital Service stock rose after the company announced that board of directors will meet on August 24 to consider and approved issuance of NCDs upto Rs 50 crore on private placement basis.
 "Muthoot Capital Services zooms 9% on plans to raise up to Rs 50 cr via NCDs")
PCBL, Deepak Fertilisers up 100% in less than 3 months; trading guide here
Key levels to watch out on PCBL, Deepak Fertilisers: PCBL can rally another 21% from here on; while Deepak Fertilisers is seen testing key resistance at Rs 1,076, show charts.
 "PCBL, Deepak Fertilisers up 100% in less than 3 months; trading guide here")
Paytm up 5% on sale of entertainment biz; stock zooms 95% from 52-week low
With a strong focus on long-term value creation, Paytm's management said it remains confident of substituting the revenues from its entertainment ticketing business by expanding its core business.
 "Paytm up 5% on sale of entertainment biz; stock zooms 95% from 52-week low")
P&G Health stock slips 4% on weak Q4 performance; Rs 60 dividend announced
The drop in the stock price of Procter & Gamble Health came after the company announced a weak set of June quarter results (Q4FY24).
 "P&G Health stock slips 4% on weak Q4 performance; Rs 60 dividend announced")
Interarch Building IPO: Check allotment status, GMP & likely listing price
Interarch Building Products IPO allotment today: Once the allotment is finalised, investors can check the allotment status by visiting the official website of BSE or Link Intime India
 "Interarch Building IPO: Check allotment status, GMP & likely listing price")
BEML stock price rallies 4% on inking multiple deals; up 27% in 6 months
The rise in the BEML stock came after the company announced that it has inked multiple deals.
 "BEML stock price rallies 4% on inking multiple deals; up 27% in 6 months")
Saraswati Saree shares hit 5% lower circuit for 2nd day after solid listing
In two days since listing, Saraswati Saree share price is down 9.7 per cent. It, however, is 18.5 per cent higher than its issue price of Rs 160
 "Saraswati Saree shares hit 5% lower circuit for 2nd day after solid listing")
Orient Tech IPO fully booked on Day 1; GMP up 34% today; should you bid?
Investors can bid for a minimum of 72 shares and in multiples thereof. Accordingly, the minimum amount required by a retail investor to bid for the Orient Technologies IPO is Rs 14,832
 "Orient Tech IPO fully booked on Day 1; GMP up 34% today; should you bid?")
Aarti Drugs surges 13% as board mulls share buyback on August 26
Going ahead in FY25, the management anticipates an improvement in margins, mostly driven by an anticipated growth in export sales and backward integration.
 "Aarti Drugs surges 13% as board mulls share buyback on August 26")
F&O Insights: IPCA, Divis Lab see bullish bets; 24,700 the key for Nifty
Derivatives market update: 12 stocks including Balrampur Chini, GNFC, India Cement, LIC Housing and National are in F&O ban on Thursday; 2 stocks see buildup up short positions; details here
 "F&O Insights: IPCA, Divis Lab see bullish bets; 24,700 the key for Nifty")
Colgate stock on a 9-week winning run, up 28%; Can it shine more?
Strong Q1 earnings, revival in FMCG sector has propelled Colgate-Palmolive stocks; Technical charts suggests that the bias shall remain favourable as long as the stock holds Rs 3,500.
 "Colgate stock on a 9-week winning run, up 28%; Can it shine more?")
Paras Defence hits upper limit on bagging licence to make defence products
The uptick in the Paras Defence stock price came after government granted industrial licence to the company for establishing an industrial undertaking for manufacturing defence products.
 "Paras Defence hits upper limit on bagging licence to make defence products")
IREDA stock price zooms 9% on August 22; up 26% in last 3 months
The rise in the IREDA share price came after the company announced its plans to raise funds worth up to Rs 4,500 crore via FPO, QIP and other means.
 "IREDA stock price zooms 9% on August 22; up 26% in last 3 months")
This Tata Group stock has doubled investor wealth thus far in 2024
Multibagger stocks: Trent share price has rallied more than 100 per cent for a second straight calendar year
 "This Tata Group stock has doubled investor wealth thus far in 2024")
Here's why Nuvama thinks Mphasis will benefit most from Fed rate cut
On the bourses, Mphasis has rallied 26.7 per cent in the last three months, driven by expectations of interest rate cuts in the US and early signs of recovery in the US-BFS sector.
 "Here's why Nuvama thinks Mphasis will benefit most from Fed rate cut")
Here's why Ajit Mishra of Religare is bullish on HCL Tech, M&M Finance, HUL
Nifty may pause around 24,850 before moving towards the 25,000 level. In the event of a dip, we expect the index to find support in the 24,450-24,600 zone
 "Here's why Ajit Mishra of Religare is bullish on HCL Tech, M&M Finance, HUL")
Stocks to Watch, Aug 22: Zomato, Alkem Labs, BEML, Paras Defence
Stocks to watch on August 22: Zomato will acquire Paytm's entertainment ticketing business for Rs 2,048 crore
 "Stocks to Watch, Aug 22: Zomato, Alkem Labs, BEML, Paras Defence")
Share market today: Gap-up seen on Fed Sept rate cut hope;Jackson Hole eyed
Share market today: Sensex and Nifty are likely to edge higher amid positive global cues. Check out Nifty levels and key triggers for trade
 "Share market today: Gap-up seen on Fed Sept rate cut hope;Jackson Hole eyed")
Low tax is India's lure as green debt misses nation's sovereign bond boom
The nation will allow the trading of sovereign green debt from its newest finance hub in Prime Minister Narendra Modi's home state of Gujarat by March
 "Low tax is India's lure as green debt misses nation's sovereign bond boom")