Page 45 - Indian Stock Markets
Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%
The share of Welspun Enterprises soared after the company announced that its Board is scheduled to meet on September 5 to consider and approve the proposal of raising of funds.
 "Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%")
Buy Macrotech & Sunteck; Hold Oberoi Realty & Godrej Prop, suggests Nuvama
The analysts believe that factors like healthy leverage, an increased focus on business development, and the potential for interest rate cuts will boost sales in the city.
 "Buy Macrotech & Sunteck; Hold Oberoi Realty & Godrej Prop, suggests Nuvama")
Jigar S Patel of Anand Rathi suggests buying these three stocks today
Recently, Allcargo Logistics has formed a bullish Bat pattern, which is a harmonic chart pattern known for indicating potential reversals.
 "Jigar S Patel of Anand Rathi suggests buying these three stocks today")
Gujarat Gas stock flies 14% on merger, demerger plan; brokerages upbeat
Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.
 "Gujarat Gas stock flies 14% on merger, demerger plan; brokerages upbeat")
Dr Reddy's declines 3% after China's regulator bans import of ADHD drug
Atomoxetine is used for treating attention deficit hyperactivity disorder (ADHD) in adults and children over six years.
 "Dr Reddy's declines 3% after China's regulator bans import of ADHD drug")
Dynacons Systems gets Rs 143-cr order from Bank of Maharashtra; stock up 4%
The rise in Dynacons Systems share price came after the company announced that it has bagged an order worth Rs 142.55 crore from Bank of Maharashtra.
 "Dynacons Systems gets Rs 143-cr order from Bank of Maharashtra; stock up 4%")
GPT Infra stock gains 5% on emerging as lowest bidder for Rs 204-cr project
The rise in GPT Infra share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 204 crore from CAO Construction, South Eastern Railway Kolkata.
 "GPT Infra stock gains 5% on emerging as lowest bidder for Rs 204-cr project")
SpiceJet stock slips 6% after DGCA puts co under 'enhanced surveillance'
The move comes after an audit of the airline's engineering facilities on August 7 and 8 revealed certain deficiencies.
 "SpiceJet stock slips 6% after DGCA puts co under 'enhanced surveillance'")
RPP Infra Projects stock up 4% on order win from Avadi City Municipal Corp
The uptick in RPP Infra Projects shares came after the company announced that it has secured an order worth Rs 55.50 crore.
 "RPP Infra Projects stock up 4% on order win from Avadi City Municipal Corp")
Nuvama raises HCLTech target price to Rs 2,020; says Gen AI to drive growth
The company's management anticipates double-digit growth for the industry over the next five years, including for HCLTech.
 "Nuvama raises HCLTech target price to Rs 2,020; says Gen AI to drive growth")
Dynamic Services to buy Bharat Battery for Rs 45 cr; stock at upper circuit
The shares of Dynamic Services rose after the company announced that it has signed a memorandum of understanding (MoU) to acquire Bharat Battery Mfg Co for Rs 45 crore.
NLC India up 4% on signing power usage pact to supply 200 MW Green Power
The surge in the NLC India share price came after the company announced that it has inked a power usage agreement for supply of 200 MW green power to Telangana.
 "NLC India up 4% on signing power usage pact to supply 200 MW Green Power")
KEC International stock price jumps 7% on Rs 1,171-crore order win; details
The surge in KEC International stock price came after the company announced that it has secured new transmission and distribution (T&D) orders worth Rs 1,171 crore in the Middle East.
 "KEC International stock price jumps 7% on Rs 1,171-crore order win; details")
Stock Market Highlight, Aug 28: Sensex ends flat, Nifty shields 25k after scaling new high; IT leads
Stocks in Asia were trading in tight ranges following a sluggish day on Wall Street, as investors prepared for a slew of earnings in the US that will set the tone for risk assets.
 "Stock Market Highlight, Aug 28: Sensex ends flat, Nifty shields 25k after scaling new high; IT leads")
DCX Systems stock price soars 4% on bagging order worth Rs 187 crore
The surge in DCX Systems share price came after the company announced that it has secured an order worth Rs 187.29 crore from an overseas customer.
 "DCX Systems stock price soars 4% on bagging order worth Rs 187 crore")
SME stock hits 12th straight upper circuit; up 4x over IPO price in 12 days
Shares of Afcom Holdings were locked in 10-per cent upper circuit for the 12th straight trading day, at Rs 444.40 on the BSE in Wednesday's intraday trade. The stock had surged 99% on its listing day.
 "SME stock hits 12th straight upper circuit; up 4x over IPO price in 12 days")
GMM Pfaudler jumps 13% after over 3 mn shares change hands via block deals
Around 84,000 shares had changed hands on the counter on the BSE, while 3.15 million shares had changed hands on the NSE till 10:15 AM.
 "GMM Pfaudler jumps 13% after over 3 mn shares change hands via block deals")
Bajaj Finserv, Lupin, REC: Top picks by Chandan Taparia of MOFSL for today
Lupin stock has breached its previous ATH price of 10 years on the monthly chart with massive buying volumes which suggests very bullish sentiment.
Vinay Rajani of HDFC Securities suggests buying these stocks on August 28
Trend of the Nifty is bullish and long positions should be held with 24,875 stoploss on closing basis. On the higher side, 25,078, 25,300 and 25,500 are the next resistances.
Nifty Bank & Private Bank: Check support, resistance and other details here
The Nifty Bank Index is currently exhibiting a bullish trend on the charts, suggesting a positive outlook for the near term.