Page 46 - Indian Stock Markets
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.
 "Dynamic Services to buy Bharat Battery for Rs 45 cr; stock at upper circuit")
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.
 "Nifty Bank & Private Bank: Check support, resistance and other details here")
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.
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.
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).
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.