Page 32 - Indian Stock Exchanges
SBI is Nomura's top pick, says PSB well set to deliver on asset quality
Nomura has reaffirmed its 'Buy' rating for SBI, maintaining a target price of Rs 980. This target suggests a potential upside of approximately 25per cent from the previous closing price of Rs 781.
 "SBI is Nomura's top pick, says PSB well set to deliver on asset quality")
Vinay Rajani of HDFC Securities suggests buying these stocks on October 09
Nifty has retraced 23.6 per cent of the entire fall seen from its all time high. Nifty has also closed near its 50 DMA(25,045).
 "Vinay Rajani of HDFC Securities suggests buying these stocks on October 09")
Market Today: RBI MPC outcome, global market recovery, Israel war, Oil down
At 6:34 AM, GIFT Nifty Futures were trading 25 points higher at 25,157, suggesting a flat to positive start for Indian markets.
 "Market Today: RBI MPC outcome, global market recovery, Israel war, Oil down")
PSP Projects share rises over 5% on securing order worth Rs 270 crore
The uptick in PSP Projects share price came after the company announced that it has bagged an order worth Rs 270 crore from domestic entities.
 "PSP Projects share rises over 5% on securing order worth Rs 270 crore")
Weak Q2 sales pushes Sobha share price 4% lower on October 8
Sobha's new sales plunged 44.9 per cent year-on-year (Y-o-Y) to 929,907 square feet in Q2FY25, from 1,686,196 square feet in Q2FY24.
 "Weak Q2 sales pushes Sobha share price 4% lower on October 8")
Hi-Tech Pipes launches QIP at floor price of Rs 194.98 per share; stock up
Hi-tech Pipes shares rose after the company announced that it has launched its qualified institutional placement (QIP), setting a floor price of Rs 194.98 per share, as approved by its board and share
 "Hi-Tech Pipes launches QIP at floor price of Rs 194.98 per share; stock up")
This T group stock hit 5% upper circuit on October 8; check reasons here
Zodiac Energy share price surged after the company announced that it has secured an order worth 154.27 crore from Ahmedabad Municipal Corporation (AMC).
 "This T group stock hit 5% upper circuit on October 8; check reasons here")
JLR's disappointing September quarter update drags Tata Motors share 4%
The decline in Tata Motors share came on the back of disappointing sales figures for Jaguar Land Rover (JLR) in the September quarter (Q2FY25).
 "JLR's disappointing September quarter update drags Tata Motors share 4%")
BEL share rises on securing additional orders worth Rs 500 crore; details
BEL share rises on securing additional orders worth Rs 500 crore; details
 "BEL share rises on securing additional orders worth Rs 500 crore; details")
Market Today: State elections, Israel War, Oil, Garuda Construction IPO
At 6:38 AM, GIFT Nifty Futures were trading 114 points lower at 24,871, indicating a potential gap-down opening for Indian markets.
CG Power to buy RF components business of Renesas for $36 mn; share up 3%
CG Power's share price rose after the company announced that it has inked a deal to acquire Radio Frequency (RF) Components business of Renesas for $36 million in an all-cash deal
 "CG Power to buy RF components business of Renesas for $36 mn; share up 3%")
Bandhan Bank share price rises 3% after Q2 total deposits jump 27% YoY
The uptick in Bandhan Bank share price came after the company announced a strong set of business updates in the September quarter of financial year 2025 (Q2FY25).
 "Bandhan Bank share price rises 3% after Q2 total deposits jump 27% YoY")
Lupin share down 3% as USFDA issues 5 observations for Biotech unit in Pune
Lupin share price slipped in trade after the company announced that United States Food and Drug Administration (USFDA) has issued five observations for its Pune-based Biotech facility.
 "Lupin share down 3% as USFDA issues 5 observations for Biotech unit in Pune")
Brokerages bullish on Macrotech Developers; Q2 update boosts stock by 4%
Macrotech Developers achieved its best ever quarterly pre-sales of Rs 42.9 billion, marking a growth of 21% on Y-o-Y despite the inauspicious 'Shradhh' period falling in Sept this FY (vs Oct in FY24).
 "Brokerages bullish on Macrotech Developers; Q2 update boosts stock by 4%")
Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs
At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.
 "Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs")
DMart share falls 5% despite strong Q2 business update; adds 377 stores
DMart share price fell despite the company posting a strong set of quarterly updates for Q2FY25 (July 2024 - September 2024).
 "DMart share falls 5% despite strong Q2 business update; adds 377 stores")
Oil India, ONGC surge up to 6% in weak market on rising crude oil prices
In one month, ONGC (down 6%) and Oil India (down 17%) have underperformed the Sensex, which down less than 1% as the lower crude price momentum has led to correction in state-owned upstream companies.
 "Oil India, ONGC surge up to 6% in weak market on rising crude oil prices")
Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers
Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.
 "Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers")
Quick Heal rolls out India's first anti-fraud AI solution; shares fly 9%
Quick Heal share price surged after the company announced that it has rolled out India's first fraud prevention solution, AntiFraud.AI. Quick Heal also highlighted that the solution is 'Made in India.
 "Quick Heal rolls out India's first anti-fraud AI solution; shares fly 9%")
Here's why S H Kelkar and Company share price surged 8% on Oct 4, details
The rise came after S H Kelkar and Company reported a mixed set of business updates for the September quarter of financial year 2025 (Q2FY25).