Page 67 - Indian Equities

VRL Logistics stock tanks 7% on weak June quarter show; profit tumbles 61%

The fall in the share price came on the back of weak June quarter of financial year 2025 (Q1FY25) results.

Ashoka Buildcon gains on emerging lowest bidder for two projects from MMRDA

The uptick in the share price came after the company announced that it has emerged as the lowest bidder (L-1) for two projects from Mumbai Metropolitan Region Development Authority (MMRDA).

Stocks to Watch on August 5: Infosys, SBI, Titan, Britannia, Ambuja Cement

At 6:41 AM, GIFT Nifty futures were down 369 points, trading at 24,342.50, suggesting a gap-down start.

FPIs invest Rs 32,365 cr in equities in July on continued policy reforms

Foreign investors infused Rs 32,365 crore into Indian equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2), data with the depositories showed. There has been a mixed trend with respect to FPI flows following the budget announcement on increase in capital gains tax on equity investments. Going forward, developments in the US economy and markets will set the trend for FPI in August, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. "Weaker-than-expected employment data along with slowing economy has made it certain that the US Fed is expected to cut rates in September. The more important question here is the extent of cut. Currently, there is strong commentary getting built for maybe a 50 basis points rate cut in interest rates," Vaibhav Porwal, Co-founder

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.

KRBL stock tanks 7% on weak June quarter show; profit more than halves

The fall in the stock price came after the company reported a weak set of June quarter results.

VBL sees profit booking after Q2CY24 results meet estimates; stock down 6%

The fall in the stock price came after investors jumped to book profit after stellar numbers in the second quarter and half year ended June 30, 2024 (H1CY24), which met street estimates.

ITD Cementation jumps 6% on securing order of Rs 1,237 crore; details here

The uptick in share price came after the company announced that it has secured an order worth Rs 1,237 crore.

Maruti Suzuki Q1 Preview: Profit may jump up to 37% YoY, revenue around 9%

Maruti Suzuki Q1 2024 results: Investors will eye margin trajectory amid commodity pressures, elevated discounting.

This smallcap stock has rallied 39% in 4 days; zoomed 113% from June low

Protean eGov Technologies hit a new high of Rs 1,984.70, as they rallied 12 per cent on the BSE in Thursday's intra-day trade in otherwise a weak market.

Foreigners sell nearly $1 billion in equities in two days since Budget

The increase in capital gains tax is clearly a negative even if the increase on long-term gains is moderate, said Ashish Gupta, chief investment officer at Axis Mutual Fund

Nomura upgrades Tata Motors to 'Buy', sees 26% upside; check new target

On the bourses, Tata Motors stocks were buzzing in trade after several brokerages raised the target prices. The stock rallied as much as 3.82 per cent to hit a fresh record high of Rs 1,067 per share.

Nuvama upgrades United Spirits to 'Buy' on stellar margin delivery in Q1

Brands such as Don Julio, Johnny Walker, RC American Pride, Godawan and McDowell X Series also performed well during the quarter.

Here's why Bajel Projects stock rallied 10% on July 24; check details here

The stock price surged after the company announced that it has secured an order worth Rs 586.28 crore.

United Spirits soars 7%; market cap touches Rs 1 trn on strong Q1 results

At 11:23 AM, with Rs 1.02 trillion market capitalisation, USL was trading 6 per cent higher at Rs 1,406.20 on the BSE, as against 0.29% decline in the BSE Sensex.

Viksit Bharat Budget 2024: RailTel stock rallies 5% on Rs 187 cr-order win

The uptick in the stock price came after the company announced that it has secured an order from the Ministry of Railways (Railway Board).

HG Infra up on receiving letter from East Central Railway for Bihar project

The uptick in the stock price came after the company announced that it has secured a letter from East Central Railway regarding the appointed date for the project in Bihar.

FPIs invest Rs 30,772 cr in equities in July so far on sustained growth

Foreign investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Additionally, the anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said. Going forward, if the recent trend of weakness in dollar and bond yields persists, FPIs are likely to continue their buying in the market, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Domestic and foreign investors are keenly watching for possible tweaks in the long-term capital gains tax in the Budget to be presented on July 23, he added. According to the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 30,772 crore in equities this month (till July 19). This came following an inflow of Rs 26,565 crore in equitie

South Indian Bank share price jumps 6% on strong June quarter show

The bank's standalone net profit rose 45.4 per cent to Rs 294.1 crore in Q1FY25, as opposed to Rs 202.4 crore in Q1FY24.

Shoppers Stop stock price falls 6% on weak June quarter results

The fall in the stock price came on the back of weak earnings in the June quarter of financial year 2025 (Q1FY25).