IEX witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
Stock Market LIVE on Friday, August 2, 2024: BSE Sensex opened nearly 700 points lower at 81,158.99 levels while Nifty50 plunged 220 points to 24,789.
The uptick in stock price came after the company announced that it has secured Letter of Intent (LoI) for an order worth Rs 558.16 crore from Department of Agriculture, Uttar Pradesh.
The uptick in the share price came on the back of strong June quarter (Q1FY25) results.
The uptick in the stock price came after the company announced that it has secured orders worth over Rs 53 crore.
The rise in the share price came after the company announced a strong set of June quarter results (Q1FY25).
On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.
The company is positioned to achieve revenue growth exceeding 1.5X that of the underlying industry growth, while maintaining robust EBITDA margins, driven by promising prospects in the 2W and PV.
The board of the company approved the demerger of the Tata Motors into two separate listed companies. The company revealed that the demerger will conclude in the next 12 to 15 months.
Stock Market Highlights on Thursday, August 1, 2024: The day ended in favour of the bulls, with 28 out of the 50 listed companies on the Nifty50 ending higher, led by Power Grid Corporation of India
The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.
The fall in the share price came on the back of weak sales in July 2024.
The fall in the share price came after the company saw its margin squeeze in the June quarter of financial year 2025 (Q1FY25).
The fall in the stock price came after the company reported a weak set of June quarter results.
Market reactions to the US Fed meeting outcome will be evident in early trades on Thursday. Indications suggest that the current market tone will persist.
Apollo Pipes has recently demonstrated a classic technical pattern known as a triple bottom around its historical support level near the Rs 600-mark.
The Nifty Energy Index also exhibits a bullish trend on the charts in the near term. However, maintaining a strict stop-loss is essential for all bullish positions.
Stock Market highlights on July 31, 2024: The day belonged to the bulls as 21 out of 30 stocks on the BSE Sensex saw gains of up to 4 per cent
The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.
The uptick in the stock price came after the pharmaceutical company announced that it has secured an approval from COFEPRIS of Mexico to market Mamitra to treat various cancers.