Page 70 - Indian Equities

BEL stock surges on Rs 3,172 crore-order win from Armoured Vehicles Nigam

The rise in share price came on the back of an order win worth Rs 3,172 crore from Armoured Vehicles Nigam Limited (AVNL)

Cochin Shipyard rallies over 4% after unit bags order worth Rs 1,100 crore

UCSL, under contract terms, will undertake the design and construction of four 6300 TDW dry cargo vessels, the company said in a statement

FPIs invest Rs 26,565 crore in Indian equities in June amid rebound in mkt

After two months of net outflow, foreign investors turned buyers in June, infusing Rs 26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets. Looking ahead, attention will gradually shift towards the budget and Q1 FY25 earnings, which could determine the sustainability of FPI flows, Vipul Bhowar, Director, Listed Investments, Waterfield Advisors, said. According to the data with the depositories, foreign portfolio investors (FPIs) have made a net infusion of Rs 26,565 crore in equities this month. This came following a net outflow of Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January. The net outflow now stood at Rs 3,200 crore in the month, data with the depositories ...

Nazara Tech share zooms 9% on acquisition of Freaks 4U Gaming for Rs 271 cr

The uptick in share price came after Nazara Technologies said NODWIN Gaming will increase its ownership in leading European esports company Freaks 4U Gaming to 100 per cent

Stock Market Highlights, June 27: Nifty hits 24,000 on June F&O expiry day; Sensex rises 567 pts

Stock Market Highlights on Thursday, June 27, 2024: The BSE Sensex topped the 79,000-mark for the first time on Thursday, touching an all-time high of 79,396. The Nifty50 hit a record high of 24,087

Vraj Iron and Steel IPO Day 2: Subscription status, GMP, Should you apply?

Vraj Iron and Steel IPO has seen a strong demand, with the issue being subscribed 8.3 times on Day 2 by 12:30 PM

JSW Energy stock up 4% after arm inks PPA for 1,325 MW renewable projects

The surge in the share price came after the company revealed that JSW Energy Neo via its subsidiary, has signed a PPA) for wind and solar projects with cumulative capacity of 1,325 MW

Zee Media rallies over 8% after board approves fundraise of up to Rs 200 cr

The uptick in share price came after the board of directors of the company approved a fund raise of up to Rs 200 crore via all permitted instruments

Market Highlights, June 26: Sensex zooms 621 pts, ends atop 78,650; Nifty holds 23,850; RIL soars 4%

Stock Market Highlights on Wednesday, June 26, 2024: The BSE Sensex touched a record high of 78,759, while the Nifty50 scaled 23,890 in the intraday trade

This small-cap auto company has approved capacity expansion; stock gains 4%

The uptick in the stock price came after the company announced that it has evaluated and approved capacity expansion for CVJ Forging Child Part

Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

Stock Market Highlights, June 25: Sensex jumps 712pts, surpasses 78k for 1st time; Nifty tops 23,700

Stock Market Highlights on Tuesday, June 25, 2024: The m-cap of all the companies listed on the BSE stood at Rs 436 trillion at the end of the session

Craftsman zooms 13%, nears record high on Sunbeam's biz acquisition plan

The stock of auto ancillary company is trading close to its record high of Rs 5,510 touched on December 22, 2023.

Sensex may hit the 81,000 mark by 2024-end: Ravi Singh of Religare

Markets are showing strong momentum, with Nifty firmly holding above the 23,300 mark, indicating that bulls are in strong control

FPIs infuse Rs 12,170 cr in equities in June on hopes of economic growth

Staging a strong comeback after general election results, foreign investors pumped Rs 12,170 crore in Indian equities so far in June, mainly driven by expectations of continued policy reforms and sustained economic growth. This came following a net withdrawal of Rs 25,586 crore from equities in May on poll jitters and more than Rs 8,700 crore in April amid concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. With the latest investment, the total outflow now stood at Rs 11,194 crore so far in 2024 (till June 21), data with the depositories showed. Going ahead, Sunil Damania, Chief Investment Officer at MojoPMS, said foreign portfolio investors (FPIs) inflow will remain constrained due to the high valuations currently commanded by the Indian equity market. FPIs had been waiting on the sidelines for the election results. So far in 2024, barring March (Rs 35,000 crore inflow), they have been pulling out from India. "Though the general elec

Blue Dart inks pact with Skye Air for drone delivery service; stock up 3%

The uptick in share price came after the company rolled out drone delivery service in pact with Skye Air, a drone delivery service provider

Buy & Sell: Top three picks by Anand Rathi for June 20; check levels here

After a period of consolidation within the approximate range of Rs 1,740-1680, Radico Khaitanhas successfully broken out and is sustaining above this range, indicating a strong upward movement

Durlax Top Surface SME IPO opens on June 19; check price band, GMP here

The IPO subscription period for Durlax Top Surface begins on June 19, 2024 (today), and concludes on June 21, 2024

Bernstein sees 20% upside in IndusInd Bank, 7% downside in Bajaj Finance

The downside in Bajaj Finance, Bernstein said, was because much of the positives are priced into the stock's rich valuations

JNK India hits fresh 52-week high as stock climbs 16% on 'mega' order win

The surge in stock price came after JNK India announced that it has bagged a 'mega' order from Reliance Industries Limited (RIL)