Page 16 - Indian Equity Markets
GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr
The decline in GIC Re's share price follows the central government's announcement of its plan to reduce its stake in the company by 6.78 percent to raise about Rs 4,700 crore.
 "GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr")
How expensive are the Indian stock markets? A quick check on PE multiples
The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.
 "How expensive are the Indian stock markets? A quick check on PE multiples")
Kitex Garments hits over 7-yr high on strong outlook; zooms 90% in 1 month
The management said the company's capacity utilization is currently at its peak and the factory order position is fully booked up to June 2025.
 "Kitex Garments hits over 7-yr high on strong outlook; zooms 90% in 1 month")
Medplus Health up 3% on stay against suspension order of Vikhroli store
The surge in Medplus Health shares came after the company announced that it has received a stay order against the suspension order of a store in Vikhroli, Maharashtra.
 "Medplus Health up 3% on stay against suspension order of Vikhroli store")
Jigar S Patel of Anand Rathi suggests buying these three stocks today
Recently, Allcargo Logistics has formed a bullish Bat pattern, which is a harmonic chart pattern known for indicating potential reversals.
 "Jigar S Patel of Anand Rathi suggests buying these three stocks today")
Dr Reddy's declines 3% after China's regulator bans import of ADHD drug
Atomoxetine is used for treating attention deficit hyperactivity disorder (ADHD) in adults and children over six years.
 "Dr Reddy's declines 3% after China's regulator bans import of ADHD drug")
Weekly Outlook: Nifty eyes 25,550; but this chart pattern can derail rally
Market outlook for Sept 02 - 07, 2024: The Nifty seems favourably placed on the short-term chart; but formation of 'Hanging Man' pattern on the monthly chart may be a reason to worry going ahead.
 "Weekly Outlook: Nifty eyes 25,550; but this chart pattern can derail rally")
ITI bags EVM order from West Bengal State Election Commission; stock up 5%
Under the terms of order, ITI will be responsible for the supply of 500 sets of Electronic Voting Machines, the company said.
 "ITI bags EVM order from West Bengal State Election Commission; stock up 5%")
Nandish Shah of HDFC Securities recommends Bull Spread on Nifty; details
Buy Nifty (September 5 Expiry) 25,200 Call at Rs 140 & simultaneously sell 25,500 Call at Rs 30.
 "Nandish Shah of HDFC Securities recommends Bull Spread on Nifty; details")
Lemon Tree Hotels share price up 4% on signing new property in Ujjain
The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Ujjain, Madhya Pradesh.
 "Lemon Tree Hotels share price up 4% on signing new property in Ujjain")
P&G Hygiene and Health down 4% on weak June qtr; Rs 95-dividend announced
The fall in Procter & Gamble Hygiene and Health stock came after the company announced a weak set of financial results for the fiscal and quarter ended June 30, 2024.
 "P&G Hygiene and Health down 4% on weak June qtr; Rs 95-dividend announced")
JSW Energy arm bags additional 400 MW hybrid power project; stock gains 2%
At 10:02 AM, shares of JSW Energy were off highs and were trading 0.65 per cent lower at Rs 731.70 per share. In comparison, BSE Sensex was trading 0.24 per cent higher at 81,978.28 levels.
 "JSW Energy arm bags additional 400 MW hybrid power project; stock gains 2%")
KEC International stock price jumps 7% on Rs 1,171-crore order win; details
The surge in KEC International stock price came after the company announced that it has secured new transmission and distribution (T&D) orders worth Rs 1,171 crore in the Middle East.
Borosil Renewables, Laxmi Organics among top picks by Anand Rathi for today
Borosil Renewables has recently experienced a significant price decline after reaching its peak near Rs 573, losing around 87 points, which translates to a 15 per cent drop.
 "Borosil Renewables, Laxmi Organics among top picks by Anand Rathi for today")
Rolex Rings stock price extends rally post block deal, hits all-time high
On Tuesday, August 28, the stock gained 2.21 per cent in intraday deals on BSE.
 "Rolex Rings stock price extends rally post block deal, hits all-time high")
Here's why PNC Infratech stock price gained 3% on August 28; details here
The PNC Infratech stock soared after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 380 crore.
Stocks To Watch Today, Aug 28: SBI Cards, Wipro, Vi, Jio Fin, Orient Tech
At 6:52 AM, GIFT Nifty Futures fell 10 points, trading at 25,008, indicating a flat to negative start for Indian markets.
 "Stocks To Watch Today, Aug 28: SBI Cards, Wipro, Vi, Jio Fin, Orient Tech")
RVNL secures Rs 111-crore project from Southern Railway; shares gain 2%
The uptick in the RVNL share price rose after the company said that it has emerged as the lowest bidder (L-1) for a project worth Rs 1,11,38,95,411.60 ( approximately Rs 111.39 crore)
 "RVNL secures Rs 111-crore project from Southern Railway; shares gain 2%")
JM Financial says 'Buy' PCBL for 27% upside, lifts target price; details
On the bourses, the PCBL shares were trading 1.68 per cent lower at Rs 475.45 per share, at 10:40 AM. In comparison, BSE Sensex was trading with slight (0.05 per cent) gains at 81,742.85 levels.
 "JM Financial says 'Buy' PCBL for 27% upside, lifts target price; details")
CLSA raises DMart target price, sees 14% upside, says report; stock gains
The uptick in share price came after reports indicated that Hong Kong-based international brokerage CLSA has increased DMart's target price.
 "CLSA raises DMart target price, sees 14% upside, says report; stock gains")