Page 3 - The Smart Investor News

JM Financial backs Shyam Metalics FY31 outlook; retains 'Buy'; stock up 4%

At the current market price, JM Financial sees an upside of 11.57 per cent and has set a target price of ₹1,100 apiece

Stock alert: Gokaldas, Indo Count, Himatsingka, Kitex rally up to 6%

Textile stocks in focus: The British High commissioner cleared the India-UK Free Trade Agreement, and will come into force from July 15, 2026, say reports.

HFCL jumps over 4%, nears 52-week high on winning ₹2,666 cr RVNL contract

HFCL wins additional ₹2,666 crore work order from RVNL for BharatNet project; the stock has surged 193 per cent thus far in FY27.

Wire & Cable stocks: Polycab, RR Kabel, KEI hit new highs; gain up to 5%

In the past six months, the market price of RR Kabel zoomed 60%, while Polycab India and KEI soared 41% and 38%, respectively, as against a 9% decline in the BSE Sensex.

Volume buzzers: Yes Bank rallies 7%, hits 52-week high; IDBI Bank soars 12%

Share price of IDBI Bank moved higher by 12 per cent to ₹86.25 on the back of over three-fold jump in trading volume on Wednesday.

Defence shares in demand; MTAR, Astra Microwave, Paras rally up to 7%

At 12:24 PM on Wednesday, the Nifty India Defence index was the top gainer among thematic indices up 2.8 per cent as against a 0.3 per cent rise in the Nifty 50.

Trent share price soars 5%, rebounds 40% from 52-week low; here's why

Analysts believe Trent's strong execution capabilities, tie-up with suppliers across India and better mix will help witness a faster recovery in profitability in the medium to long run.

Lodha Developers, Oberoi Realty fall up to 4%; why are realty stocks down?

At 09:36 AM on Wednesday, the Nifty Realty index was the top sectoral loser, down nearly 1 per cent, as compared to 0.2 per cent rise in the Nifty 50.

DOMS Industries shares fall 5% on block deal news; should you buy on dips?

On the technical front, the stock has been under pressure after touching an all-time high of ₹3,115 in December 2024, entering a corrective phase thereafter

Vivo JV approval buzz lifts Dixon Technologies share price 5%

Today's rally was buoyed by a report that the government is likely to clear Dixon-Vivo JV this month, which will reduce the risk exposure of the Chinese mobile company to India.

Suzlon Energy soars 7%, trades at 7-month high; what's driving stock?

Suzlon Energy quoted higher for the third straight trading day, rallying 11 per cent to ₹59.25, its highest level since November 7, 2025.

Devyani International, Sapphire Foods rally up to 9% on merger approval

Devyani International and Sapphire Foods merger will take place through a share-swap mechanism. Under the share swap ratio, 177 shares of DIL will be issued for every 100 shares of Sapphire Foods.

Dr Lal PathLabs soars 11%, hits 52-week high on huge volumes; here's why

Care Ratings expects Dr Lal PathLabs' revenue to grow by 11-12 per cent per annum in the near-to-medium term driven by organic demand growth, its expanding geographical presence and new initiatives.

Vedanta group stocks Day 2: Aluminium, Oil & Gas freeze at 5% lower circuit

Vedanta group newly-listed stocks trade on a mixed note on Day 2; Vedanta Iron & Steel hit 5% upper circuit; Aluminium and Oil & Gas were locked at lower circuits.

Sarvam AI deal lifts HCL Tech shares by 3%; Nomura says Buy for 39% upside

HCL Tech is investing $150 million in Sarvam for a 10.46 per cent stake

JM Financial backs PDS margin recovery story, sees 22% upside; stock up 7%

Analysts believe this measured approach, coupled with an improving business mix, should support a more predictable earnings profile over the medium term

VA Tech Wabag rallies 7%, hits 52-week high; should you buy, sell or hold?

In the past one month, VA Tech Wabag stock outperformed the market by soaring 25 per cent, as compared to 2 per cent rise in the Nifty 50.

GIC shares fall 5% as Centre launches OFS; floor price at 9% discount

At present, the government owns an 82.40% stake in General Insurance Corporation. At the floor price of ₹352 apiece, the sale of over 8.77 crore shares will fetch about ₹3,000 crore to the exchequer.

OMCs rally: IOC, BPCL, HPCL gain up to 4% as oil retreat boosts sentiment

A reopening of the Strait of Hormuz would provide significant relief for India by easing concerns over oil supplies, lowering freight costs and reducing pressure on inflation.

Nifty Next 50 index soars 4%, hits 52-wk high led by rate sensitive stocks

Nifty Next 50 index hit a 52-week high of 73,098.9, surging 4% on the National Stock Exchange in Monday's intra-day, and has soared 7% in the past two trading days.