Page 46 - Indian Stock Markets
Market Crash Close Highlights: Sensex ends down 1,000pts at 81,200, Nifty at 24,800; Financials lose
Market Crash Close Highlights: Indian benchmark indices closed deep in the red on Friday, dragged down by weak global cues, along with regulatory headwinds.
 "Market Crash Close Highlights: Sensex ends down 1,000pts at 81,200, Nifty at 24,800; Financials lose")
Shree Tirupati Balajee IPO Day 2: Subscription status, GMP, Should you bid?
Prior to the public subscription period, Shree Tirupati Balajee IPO raised over Rs 50.90 crore from anchor investors.
 "Shree Tirupati Balajee IPO Day 2: Subscription status, GMP, Should you bid?")
PNB Housing share price gains 5% on plans to raise Rs 2,500-crore via NCDs
The uptick in share price came after the company announced that its board of directors will meet on September 9, to consider and approve issuance of NCDs up to Rs 2,500 crore.
 "PNB Housing share price gains 5% on plans to raise Rs 2,500-crore via NCDs")
Godfrey Phillips shares slip 5% on 24Seven retail business sale report
The fall in Godfrey Phillips shares price came after media reports indicated that the company has finalised the sale of its retail business 24Seven.
 "Godfrey Phillips shares slip 5% on 24Seven retail business sale report")
Exicom Tele-Systems drops 5% after Rare Enterprise sells 1.5 mn shares
The fall in the Exicom Telecoms share price came after Late Rakesh Jhunjhunwla-backed entity Rare Enterprises offloaded 15,85,000 shares of Exicom Telecoms at Rs 348.60 per share.
 "Exicom Tele-Systems drops 5% after Rare Enterprise sells 1.5 mn shares")
Atlantaa hits 52-week high on securing commencement certificate for project
The surge in Atlantaa share price came after the company announced that it has received Commencement Certificate for its project, Atlanta Enclave Phase 11, from Thane Municipal Corporation
 "Atlantaa hits 52-week high on securing commencement certificate for project")
How expensive are the Indian stock markets? A quick check on PE multiples
The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.
 "How expensive are the Indian stock markets? A quick check on PE multiples")
Stock Market Highlights, Sept 03: Nifty closes nearly flat, Sensex in red; broader markets gain
Stock Market Highlights: The NSE Nifty 50 index has rallied 4.7 per cent or 1,140 points in the last 14 straight trading sessions.
 "Stock Market Highlights, Sept 03: Nifty closes nearly flat, Sensex in red; broader markets gain")
RK Forgings up 6%, hits new high on investment in aluminium forging project
The board has given an approval for an investment of Rs 57.5 crore to set up the facility, which will primarily cater to electric vehicle (EV) market.
 "RK Forgings up 6%, hits new high on investment in aluminium forging project")
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.
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.
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.
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.