Page 46 - Indian Stock Markets
Foreign investors ditch India's pricey stocks, opt for new listings
Investors are pumping money instead into initial public offerings (IPOs), whose valuations are lower
 "Foreign investors ditch India's pricey stocks, opt for new listings")
KFintech rallies 10% on healthy outlook; stock zooms 131% so far in 2024
Over the next 5 years, the non-domestic MF biz would account for 45%-50% of the company's overall revenue led by faster growth in the Int'l investor solutions and AIF, PMS, and PWM solutions biz.
 "KFintech rallies 10% on healthy outlook; stock zooms 131% so far in 2024")
JM Financial says 'Buy' PCBL for 27% upside, lifts target price; details
On the bourses, the PCBL shares were trading 1.68 per cent lower at Rs 475.45 per share, at 10:40 AM. In comparison, BSE Sensex was trading with slight (0.05 per cent) gains at 81,742.85 levels.
 "JM Financial says 'Buy' PCBL for 27% upside, lifts target price; details")
Bondada Engineering locks in 5% upper circuit, hits new high on order win
The surge in the share price came after the company announced that it has secured an order worth Rs 5,75,74,73,650 crore (approximately Rs 576 crore).
 "Bondada Engineering locks in 5% upper circuit, hits new high on order win")
CLSA raises DMart target price, sees 14% upside, says report; stock gains
The uptick in share price came after reports indicated that Hong Kong-based international brokerage CLSA has increased DMart's target price.
 "CLSA raises DMart target price, sees 14% upside, says report; stock gains")
KPI Green Energy jumps 4% after arm bags 13.30 MW solar power plant project
The rise in KPI Green Energy share price came after the company announced that its wholly-owned subsidiary, Sun Drops Energia Private Limited, has received a 13.30 MW solar power plant project.
 "KPI Green Energy jumps 4% after arm bags 13.30 MW solar power plant project")
BHEL stock up 3% on multiple order wins of Rs 11,000 cr; more details here
The shares of BHEL rallied after the company announced that it has secured multiple orders worth over Rs 11,000 crore from Adani Power and its subsidiary Mahan Energen Limited.
 "BHEL stock up 3% on multiple order wins of Rs 11,000 cr; more details here")
Ashoka Buildcon up 5% on emerging as lowest bidder for project of Rs 478 cr
The rise in Ashoka Buildcon share price came after the company announced that it has emerged as lowest bidder for project of Rs 478 crore from Mumbai Metropolitan Region Development Authority (MMRDA).
 "Ashoka Buildcon up 5% on emerging as lowest bidder for project of Rs 478 cr")
Cyient stock rallies up to 4% on incorporating wholly owned subsidiary
The rise in the Cyient share price came after the company announced that it has incorporated Cyient Semiconductors Private Limited as a wholly owned subsidiary of the company.
 "Cyient stock rallies up to 4% on incorporating wholly owned subsidiary")
Nifty50 key levels to watch: Support at 24,750-24,700, other details here
On the lower end, there has been an ascend to the support zone, starting from 24,750-24,700, followed by 24,650- 24,600 with anticipation of dips auguring well for the bulls.
 "Nifty50 key levels to watch: Support at 24,750-24,700, other details here")
Nifty50 bullish on charts; Breakout above 24,950 may lead to new highs
The Nifty50 Index is currently showcasing a bullish trend on the charts, indicating strong upward momentum in the near-term.
 "Nifty50 bullish on charts; Breakout above 24,950 may lead to new highs")
Stock Market Highlights: Sensex, Nifty end flat, broader indices mixed ahead of Powell's speech
Stock Market Highlights on Friday, August 23: At closing bell, the BSE Sensex was at 81,086.21, up by 33.02 points. Nifty 50 was at 24,823.15, up marginally by 11.65 points
 "Stock Market Highlights: Sensex, Nifty end flat, broader indices mixed ahead of Powell's speech")
Sun Pharma hits 52-week high on launch of skin infection drug 'Starizo'
Starizo is used to treat Acute Bacterial Skin and Skin Structure Infection.
 "Sun Pharma hits 52-week high on launch of skin infection drug 'Starizo'")
SEPC up 5% on bagging Final Acceptance Certificate from Hutti Gold Mines
The uptick in SEPC share price came after the company announced that it has received the Final Acceptance Certificate from HGML for a contract worth Rs 232 crore.
Zomato stock price zooms 4% on shutting down intercity 'Legends' services
The surge came after the Zomato chief executive officer Deepinder Goyal said that they have discontinued their intercity food delivery service "Legends" as it could not find product market fit.
 "Zomato stock price zooms 4% on shutting down intercity 'Legends' services")
F&O cues: FIIs bullish on Nifty MidCap; JK Cement, Deepak Nitrite on radar
Derivatives market update for Friday, August 23: Analysts suggest Nifty options market reflects a bearish sentiment, with increased Call writing vs. Puts, as the index nears major hurdles.
 "F&O cues: FIIs bullish on Nifty MidCap; JK Cement, Deepak Nitrite on radar")
Muthoot Capital Services zooms 9% on plans to raise up to Rs 50 cr via NCDs
The Muthoot Capital Service stock rose after the company announced that board of directors will meet on August 24 to consider and approved issuance of NCDs upto Rs 50 crore on private placement basis.
P&G Health stock slips 4% on weak Q4 performance; Rs 60 dividend announced
The drop in the stock price of Procter & Gamble Health came after the company announced a weak set of June quarter results (Q4FY24).
 "P&G Health stock slips 4% on weak Q4 performance; Rs 60 dividend announced")
BEML stock price rallies 4% on inking multiple deals; up 27% in 6 months
The rise in the BEML stock came after the company announced that it has inked multiple deals.
 "BEML stock price rallies 4% on inking multiple deals; up 27% in 6 months")
Paras Defence hits upper limit on bagging licence to make defence products
The uptick in the Paras Defence stock price came after government granted industrial licence to the company for establishing an industrial undertaking for manufacturing defence products.