Jubilant FoodWorks stock is likely to test the previous swing high of Rs 543, and can extend towards Rs 549 from a short-term perspective. A stop loss of Rs 507 should be kept for the long positions
Stock Market highlights on Friday, June 7, 2024: The BSE Sensex hit a fresh all-time high of 76,795 on the BSE, surging 1,714 points intraday. On the NSE, the Nifty50 surpassed the 23,300
This uptick in stock price followed the company's announcement of its intention to establish a joint venture (JV) with HKC Corporation
The uptick in share price came after the company announced that it has secured a Letter of Intent (LoI) for operation and maintenance of container terminal at Kolkata Port
The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
The surge came after the company secured an order worth Rs 495 crore from National Thermal Power Corporation (NTPC)
The uptick in share price came on the back of strong toll revenue collection in May 2024
The Propellant Tank Production Facility specialises in crafting high-performance fuel and oxidizer tanks, crucial elements for the LVM3 launch vehicle
Under the terms of order, RVNL will be responsible for the construction of Sitarampur bypass line under Asansol division of Eastern Railway
Stock Market Highlights on June 5, 2024: The broader markets outperformed the benchmarks with the BSE MidCap, and SmallCap indices rising 4 per cent and 2.9 per cent, respectively
Bharat Dynamics shares also suffered a 10 per cent drop on Tuesday, June 4
Tata Motors' May JLR UK sales zoomed 29 per cent on a year-on-year (Y-o-Y) basis to 6,093 units, as opposed to 4,732 units in May last year
Going ahead, analysts see more pain in the offing for broader markets as stocks command extremely rich valuations, limiting upside in the near-term
The surge came after the company secured an order worth Rs 547 crore from Rail Vikas Nigam Limited (RVNL)
The S&P BSE Sensex index plunged over 6,200 points intraday, before settling 4,390 points, or 5.74 per cent, lower at 72,079 levels, on Tuesday
Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)
At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory
Stock Market Live on June 03: In the broader markets, Nifty SmallCap rose 2 per cent while MidCap jumped 3 per cent
The benchmark Sensex hit a new all-time high of 76,738.89, while the Nifty50 surpassed the 23,300-mark to reach 23,338.70
After peaking near the Rs 153 mark on May 22, 2024, SJVN experienced a significant downturn, with a decline of approximately 22 points, equating to roughly 14-15 per cent