Page 32 - Indian Stock Market

Jigar S Patel of Anand Rathi recommends buying these three stocks on Aug 26

After peaking around the Rs 101 mark in September 2023, the IDFC First Bank stock underwent a significant correction, dropping by 30 points, equivalent to a 29.34 per cent decline from its high.

What fuelled this Ashish Kacholia-owned stock's 74% rally in past one month

Shares of Balu Forge Industries hit a new high of Rs 679.95 in intra-day trade today. It has zoomed 205 per cent from its June month low of Rs 223 on the BSE.

Spandana Sphoorty board to consider raising funds via NCDs; stock up 2%

The rise in the Spandana Sphoorty stock price came after the company announced that its board of directors will meet on August 27 to consider raising funds via NCDS on private placement basis.

What drove Power Mech Projects stock price 6% higher on August 23?

The uptick in share price came after the board of the company fixed September 28 as the 'Record Date' to determine the eligibility of shareholders who are entitled for receipt of Bonus shares.

Jain Irrigation Systems sees 6% surge on MoU with Indian Coffee Board

The uptick follows the company's recent signing of a MoU with the Coffee Board of India, aimed at the commercial launch of advanced, high-quality, disease-resistant coffee plants.

Wonder Electricals share price climb 7% after announcing 1:10 stock split

Shares of integrated fan manufacturing services provider Wonder Electricals have gained nearly 350% in the six months.

This Mukul Agrawal-owned smallcap stock has zoomed 57% in 4 days

Shares of Tasty Bite Eatables continued at their upward movement for the fourth straight day, hitting seven-month high of Rs 15,222.90, surging 20% on the BSE in Wednesday's intra-day trade.

Here's why Marksans Pharma stocks hit 52-week high on August 21; Know more

The surge in the stock price came after the company announced that its wholly owned subsidiary (WOS) Relonchem Limited has secured Marketing Authorisation from UKMHRA for three products.

RMC Switchgears hits 5% upper circuit as unit get nod to set up RE park

The rise in stock price came after the company announced that its subsidiary RMC Green Energy has secured approval from Rajasthan Renewable Energy Corporation to set up a 50 MW RE park in Rajasthan.

Hazoor Multi Projects share price up 5% on winning Rs 274 crore project bid

The share price of Hazoor Multi Projects rose after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 273.74 crore from MSIDC.

Polycab India shares rise 3% after UBS initiates 'buy'; check out target

UBS is bullish on Polycab India on the back of better-than-expected domestic volume growth, domestic market share gains, and a distribution-led export business model

DCM Shriram stock gains after commissioning of Hydrogen Peroxide plant

The rise in the share price came after the company announced that it has successfully commissioned a new Hydrogen Peroxide plant.

Market Today: Global cues, Saraswati Saree listing in focus; GIFT Nifty up

Stock market trading guide today, Tuesday: How will Indian stock markets trade today? What are the key Nifty levels to watch?

Here's why Techno Electric stock is locked in 5% upper circuit on August 19

The surge in the stock price followed Techno Electric's announcement of a strategic partnership with IndiGrid.

India's holding of American securities hits high of $241.9 bn in June

India's holding of US government securities touched a high of USD 241.9 billion in June as the country continued to increase its exposure for the third straight month. Japan was the top holder with securities worth over USD 1.11 trillion followed by China at the second spot with a holding valued at USD 780.2 billion in June, according to the latest data released by the US Treasury Department. At the third place was the United Kingdom with an exposure of USD 741.5 billion ahead of Luxembourg at the fourth position with a holding to the tune of USD 384.2 billion. Among the countries and jurisdictions, India was at the 12th place owning American government securities worth USD 241.9 billion in June, higher than USD 237.8 billion value recorded in May. As per the data, India's holding is the highest in the last one year and it was at USD 237.8 billion in May 2024. In April this year, it touched USD 233.5 billion declining from USD 240.6 billion in March. In June last year, the exposur

FPIs turn net sellers; pull out Rs 21,201 crore from equities in Aug so far

Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed. Foreign portfolio investors (FPIs) infused funds in these two months on the expectation of sustained economic growth, continued reform measures, better-than-expected earnings season and political stability. Before that, FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. According to the data, FPIs withdrew a net amount of Rs 21,201 crore in equities so far this month (August 1-17). So far this year, FPIs invested Rs 14,364 crore in equities, data with the depositories showed. FPI outflows witnes

Aurobindo Pharma stock tanks 6% after unit gets warning letter from USFDA

The drop in the share price came after the company announced that its' arm Eugia Pharma Specialties' Unit-III received a warning letter from United States Food and Drug Administration (USFDA).

Ajit Mishra of Religare Broking suggests buying these three stocks today

We are seeing a noticeable strength in paint stocks and Berger Paints is trading in sync with the move.

Stock Markets closed on Independence Day 2024; trading to resume on Aug 16

Other stock market holidays for the year include Gandhi Jayanti on Oct 2, Diwali on Nov 1, Guru Nanak Jayanti on Nov 15, and Christmas on Dec 25

India poised to narrow gap with China in emerging-market stock anchor

A higher weighting for India will position it to become the new anchor for emerging market equities