Page 35 - Indian Markets
HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high
Thus far in the calendar year, the stock price of HAL has appreciated nearly 60 per cent, as compared to 6.8 per cent rise in the S&P BSE Sensex
 "HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high")
Brightcom Group hits 5% lower circuit on Sebi crackdown
The market regulator, alleged that the funds raised via preferential issue of shares that were meant to be given as loans and advances to its subsidiaries appeared to be overstated
 "Brightcom Group hits 5% lower circuit on Sebi crackdown")
L&T gains 2%, scales to an all-time high on multiple order wins
So far in the calendar year 2023 (CY23), the stock of this engineering company has surged 30.6 per cent, as against 7 per cent rise in the S&P BSE Sensex
 "L&T gains 2%, scales to an all-time high on multiple order wins")
Sensex ends flat amid range-bound trade; Broader mkt, new-age shares rally
CLOSING BELL ON AUGUST 22, 2023: BSE MidCap and SmallCap indices rallied up to 0.9 per cent, while the NSE Nifty 50 ended with a notional gain of 3 points at 19,396.
 "Sensex ends flat amid range-bound trade; Broader mkt, new-age shares rally")
Lemon Tree Hotels hits 52-week high on signing agreements for 2 properties
The company said that the two additions under two diverse models aligned with their asset-light policy
 "Lemon Tree Hotels hits 52-week high on signing agreements for 2 properties")
Jio Financial hits 5% lower circuit for second straight day post listing
Till 11:39 am; a combined 6.03 million shares changed hands, with pending sell orders for 106 million shares on the NSE and BSE
 "Jio Financial hits 5% lower circuit for second straight day post listing")
Dredging Corporation surges 14%, hits over 4-year high on solid Q1 results
The company said that they are aiming at a record highest turnover of Rs 1,200 crore for FY24
 "Dredging Corporation surges 14%, hits over 4-year high on solid Q1 results")
Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut
CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.
 "Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut")
Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days
In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market
 "Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days")
Bharat Forge hits 52-week high as arm secures order worth Rs 850 crore
In an exchange filing on August 21, the company said that Kalyani Strategic Systems, Bharat Forge's wholly-owned subsidiary bagged two export orders to be executed over 18 months timeline
 "Bharat Forge hits 52-week high as arm secures order worth Rs 850 crore")
Data Patterns rallies 9% to hit record high on strong order book position
The government's focus on liberalising foreign investment restrictions to achieve self-reliance under the 'Atmanirbhar Bharat' initiative is expected to keep the sector on a strong growth trajectory
 "Data Patterns rallies 9% to hit record high on strong order book position")
PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA
So far this calendar year, the stock has rallied 56 per cent, as against a 6 per cent rise in the S&P BSE Sensex
 "PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA")
Erratic monsoon may halt tractor stocks' rally in near-term: Analysts
Analysts believe the on-going rally across tractor stocks may face headwinds from spatial distribution of monsoon across the country, which could keep sentiments in check
 "Erratic monsoon may halt tractor stocks' rally in near-term: Analysts")
Sula Vineyards jumps 4% as wine tourism clocks record revenue over weekend
So far this calendar year, the stock of this wine producer has surged 54 per cent, as against a 7 per cent rise in the S&P BSE Sensex
 "Sula Vineyards jumps 4% as wine tourism clocks record revenue over weekend")
Mkts slip on Fed rate hike talk; Sensex falls 388 pts, lowest since June 30
On Wednesday, Fitch Ratings said it may reconsider China's sovereign credit score and extend its balance sheet to support the economy
 "Mkts slip on Fed rate hike talk; Sensex falls 388 pts, lowest since June 30")
San Diego-based biotech company Illumina bets on India for growth
While Illumina is reducing its workforce in the US, it plans to hire in India, where it currently employs only 30 people
 "San Diego-based biotech company Illumina bets on India for growth")
Market to see a period of consolidation, says Kotak Institutional Equities
The brokerage said the market may find support from stable global interest rates over the next 2-3 quarters, given the sharp fall in headline inflation in the US
Stock of this defence company has zoomed 110% in 6 weeks on strong outlook
Thus far in the calendar year 2023, the stock price of Zen Technologies has skyrocketed 372 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.
 "Stock of this defence company has zoomed 110% in 6 weeks on strong outlook")
ITC rises 2% in a weak market as brokerages give thumbs up to Q1 results
The company clocked 16.2 per cent year-on-year (YoY) rise in consolidated net profit to Rs 5,104.9 crore in Q1FY24
 "ITC rises 2% in a weak market as brokerages give thumbs up to Q1 results")
Regulator Sebi proposes easier norms for voluntary delisting mechanism
Expert group recommends fixed-price, lower threshold as alternatives to reverse book building
 "Regulator Sebi proposes easier norms for voluntary delisting mechanism")