Page 991 - Markets News
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")
Gland Pharma tanks 9% on weak June quarter show; Q1 profit drops 26%
The share price fell after the company reported a weak set of June quarter (Q1FY25) results.
 "Gland Pharma tanks 9% on weak June quarter show; Q1 profit drops 26%")
TVS Motor stock hits all-time high, jumps 5% on healthy June qtr earnings
With normal monsoon expected for this fiscal, TVS expects rural recovery to drive sustained momentum for the industry in the coming quarters.
 "TVS Motor stock hits all-time high, jumps 5% on healthy June qtr earnings")
Trading strategy today: Silver may test support of Rs 76,200 in near-term
How to trade silver today: Silver has been one of the weakest commodities this month as risk aversion continues to linger
 "Trading strategy today: Silver may test support of Rs 76,200 in near-term")
Gold to stay volatile amid Yen unwinding; Sharekhan shares trading strategy
Gold price today, August 7, 2024: Barring any major developments on the geopolitical front, gold may slide further
 "Gold to stay volatile amid Yen unwinding; Sharekhan shares trading strategy")
KPR Mill, eClerx: 5 midcap, smallcap stocks to play the market bounce
KPR Mill, eClerx, Granules, Cera Sanitaryware and BLS International are the 5 mid- and smallcap stocks that look strong on technical charts and can potentially gain up to 43% from present levels.
 "KPR Mill, eClerx: 5 midcap, smallcap stocks to play the market bounce")
GR Infraprojects up 3% on emerging lowest bidder for project in Karnataka
The uptick in share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project in Karnataka. The company, however, did not disclose the cost of the project.
Yen slides after BOJ official says no rate hikes if markets are volatile
The yen touched a seven-month high of 141.675 per dollar on Monday, well above the 38-year lows of 161.96 it was languishing in just at the start of July
 "Yen slides after BOJ official says no rate hikes if markets are volatile")
Asia stocks find some footing amid US recession concerns, Nikkei drops
The GPIF is a massive fund with considerable market power and its investment decisions are highly influential
V-Mart faces tough road ahead despite promising June quarter: Nuvama
The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.
 "V-Mart faces tough road ahead despite promising June quarter: Nuvama")
RBI's firm grip keeps rupee outlook unchanged, limits fall to 0.25%: Poll
That trend was unlikely to change anytime soon as analysts in an Aug. 1-6 poll have barely changed their forecasts from a poll in July
 "RBI's firm grip keeps rupee outlook unchanged, limits fall to 0.25%: Poll")