Page 40 - Indian Markets

JK Tyre surges 10% on completion of first phase of capacity expansion

On Friday, June 30, the stock surpassed its previous high of Rs 213.50, touched on December 9, 2022

Tata Communication slips 4% on acquisition plan of US-based Kaleyra

Kaleyra is a global omnichannel integrated communication services provider with a set of proprietary platforms, which offers targeted personalisation through messaging, video, push notifications

Optimistic about India market, will continue to grow categories: P&G

Leading FMCG maker Procter & Gamble is very "optimistic" in the mid and long-term prospects of India, where it will invest Rs 2,000 crore to set up an export hub, on the back of robust growth, according to company's country CEO LV Vaidyanathan. Procter & Gamble (P&G) India will continue to grow categories that are currently undeveloped and bring product propositions that are meaningful to the quality-conscious Indian consumer, he said. In the last three years, P&G has driven consistent double-digit growth in both the topline and bottomline. "Business has basically moved from the last couple of years seeing high single growth. Now we are starting to see very nice growth and hope to see some kind of momentum going and accelerate from where we are," Vaidyanathan told PTI. The maker of popular brands such as Ariel, Gillette, Head & Shoulders, Oral-B, Pampers, Pantene, Tide, Vicks and Whisper - follows July to June financial year. "Year is coming to an end and business .

Markets at new high! Sensex hits 64K, ends 499 pts up; Nifty tests 19K

CLOSING BELL ON JUNE 28, 2023: The BSE Sensex hit a new all-time high at 64,050; Nifty at 19,011 and Bank Nifty at 44,508 on Wednesday.

HDFC merger boost lifts Sensex 446 pts; Nifty ends atop 18,800; VIX down 6%

CLOSING BELL ON JUNE 27, 2023: HDFC-HDFC Bank set July 01 as the merger date; stocks end with gains of around 1.5 per cent each. Cyient DLM IPO sails through on Day 1, subscribed 1.9x as of 3:50 PM.

Market size of India's online retail sector likely to touch $325 bn by 2030

The country's online retail market size may touch USD 325 billion by 2030 against USD 70 billion in 2022, mainly due to rapid growth of e-commerce in tier-2 and tier-3 cities, according to a Deloitte India report released on Tuesday. It also said that online retail penetration is projected to grow at an extraordinary rate, and it would outpace offline retail by 2.5 times in the next decade. As India ascends to become the world's third-largest consumer market, Deloitte Touche Tohmatsu India LLP's (Deloitte India's) 'Future of Retail' report "foresees the online retail sector, which stood at USD 70 billion in 2022, to surge to USD 325 billion by 2030". The report attributes these projections to the rapid growth of e-commerce in tier-2 and tier-3 cities, which have surpassed tier-1 markets in terms of total orders. In 2022, these cities accounted for over 60 per cent of all orders, with tier-3 cities experiencing a remarkable 65 per cent growth in order volume and tier-2 cities ...

Stock of this aerospace & defence company has zoomed 63% so far in June

Shares of Apollo Micro Systems hit a new high of Rs 55.25, zooming 355 per cent in past one year, as against 19 per cent rise in the S&P BSE Sensex.

Auto, Pharma stocks shine in lacklustre trade; IdeaForge IPO subscribed 3x

CLOSING BELL ON JUNE 26, 2023: The Sensex ended on a flat note, down 9 points, while the NSE Nifty 50 gained 26 points in trade on Monday.

IdeaForge IPO fully booked on day 1; should you bid? Read what analysts say

According to IPO watch, shares of IdeaForge enjoyed a premium of Rs 450 in grey markets, implying a likely listing price of Rs 1,122 on the upper price band

Indices post first weekly decline in five weeks; Sensex falls 260 points

The Nifty Smallcap index, however, managed to eke out 1.5 per cent gains for the week

Stocks to watch: L&T, GAIL, ONGC, Fortis Health, Tata Power, Paytm, Vedanta

Stocks to watch on June 23, 2023: From L&T to Fortis Health, here are top stocks to watch in Friday's trading session

Ajanta Pharma hits 52-week high on upbeat branded generic business outlook

The management is confident to scale up margins again in the coming years on the back of enhanced contribution from Branded Generics business and normalisation of freight costs

Stocks to watch: RIL, TCS, Bharti Airtel, PNB, Vedanta, NMDC, JK Tyre

Stocks to watch on June 22, 2023: From Reliance Industries to Tata Consultancy Services, here are the top stocks to watch in Thursday's trading session

Sensex hits all-time high: Will the winners of this rally hold momentum?

ITC and Tata Motors have zoomed 33 per cent each since December 1, and have led the rally in the 30-pack index

Stocks to watch: Coal India, Shriram Finance, HDFC Life, GR Infra, Pidilite

Stocks to watch on June 21, 2023: From Coal India to Shriram Finance, here are the top stocks to watch in Wednesday's trading session

Zee Entertainment slips 7% to hit 52-week low amid heavy volumes

The stock quoted its lowest level since September 2021, with over three-fold jumped in average trading volumes

HDFC AMC surges 9% after 10% equity change hands via block deals

According media reports, Abrdn Investment Management, promoter of HDFC AMC, is likely to exit the company through sale of the entire 10.2 per cent stake

Shriram Finance jumps 7%, nears 52-week high on heavy volumes

Till 09:48 am; around 9.98 million shares, which represented 2.66 per cent of total equity of Shriram Finance have changed hands on the BSE, data shows

Titagarh Rail hits new high on positive outlook; stock up 379% in a year

While TRSL is India's undisputed leader in the wagon manufacturing space, now it is also among India's very few integrated manufacturers of passenger rail systems.

Stocks to watch: Tata Steel, NMDC, PNC Infra, Natco Pharma, MTAR Tech

Stocks to watch on June 19, 2023: From Tata Steel to NMDC, here are the top stocks to watch in Monday's trading session