Stock Market Highlights today, Friday: All the sectoral indices settled with gains, led by Nifty IT, Auto, Media, and Realty indices, which ended over 2 per cent each
Coromandel International stock rose as much as 5.60 per cent in intraday deals to hit a fresh all time high of Rs 1,779.90 per share.
The cost of the project is Rs 899 crore, the company said in a statement.
The uptick in the share price came after the company announced that its associate company, Controp-Paras Technologies Private Limited, has secured an order worth Rs 305 crore from L&T.
The rise in the share price came after the company announced that it has secured an order worth Rs 114.30 crore from Coastal Energen Private Limited.
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Macroeconomic data announcements, the last batch of Q1 earnings and global trends are the major factors that would influence trading sentiments in the equity market in a holiday-shortened week ahead, analysts said. Besides, trading activity of foreign investors would also be a crucial factor in dictating movement in the market. Equity markets would remain closed on Thursday for Independence Day. "This week, all focus will be on the global markets as we can see the extension of weakness after a long period of stability. The Indian equity market could also witness some bit of levelling off this week as investors process recent gains and contend with high prices. Geopolitical tensions are also escalating, but markets are not reacting significantly, which is reflected in the declining crude oil prices," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. On the domestic front, the last batch of Q1 earnings will drive stock-specific movements. Hero MotoCorp, Hindalco a
Overall, the operating earnings before interest and tax (EBIT) margin improved to 10.6 per cent for Q1FY25 against 7.8 per cent for Q1FY24.
The rally in IT stocks came on the heels of a major drop in US jobless claims, which fell to 233,000 for the week ending August 3-the largest decline in nearly a year.
Stock market outlook: The S&P BSE Sensex and the Nifty50 have been mostly resilient - as compared to their global peers - amid this uncertain phase
The uptick in the share price came after the company announced a strong set of June quarter of financial year 2025 (Q1FY25) results.
The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.