Page 176 - Market Trends

REC soars 46% in 1 month; enters top-100 most valued firms by m-cap chart

With Government of India, setting and pursuing the target of achieving 500 GW of renewable energy capacity by 2030, energy transition is expected to drive significant investment in the power sector.

HBL Power hits new high on healthy outlook; zooms 155% in three months

The Cabinet Committee on Economic Affairs on Wednesday approved seven multi-tracking projects at an estimated cost of Rs 32,500 crore, under the PM Gati Shakti National Master Plan.

ITC hits 2-month low; stock down 12 per cent from record high

The board of ITC on Monday approved the Hotel demerger, with share entitlement ratio of 10:1 for the demerged entity.

GE T&D extends rally on strong order wins in Q1; soars 42% so far in August

So far in the current calendar year, the stock has zoomed 212 per cent, as against 7 per cent rise in the S&P BSE Sensex.

IRFC m-cap zooms past Shriram Finance, IDBI Bank; stock up 62% in 1 month

Currently, Indian Railway Finance with Rs 68,086 crore m-cap stood at 86th position in overall ranking, ahead of Shriram Finance (Rs 67,613 crore) and IDBI Bank (Rs 67,310 crore), the BSE data shows.

Apar Industries hits record high on healthy outlook; up 200% from Jan low

For Q1FY24, Apar Industries had posted 61 per cent year-on-year jump in profit after tax at Rs 197 crore.

Solid listing: SBFC Finance debuts at 44% premium over its issue price

Post listing, the stock hit a high of Rs 89.50, a gain of 57 per cent when compared with the issue price of Rs 57 per share.

Gangwal stake sale buzz: IndiGo dips 5% amid block deal of 18 mn shares

At 09:15 am; around 18.19 million equity shares representing 4.71 per cent of total equity of IndiGo have changed hands on the BSE, the exchange data shows.

Vedanta hits 52-week low; slips 19% in one month

Slower-than-expected ramp up in Ebitda or delayed/lower-than-expected refinancing by VRL resulting in higher-than-expected dividend outlay in FY24, could further reduce cash balance.

PVR Inox gains 3% on highest-ever weekend footfalls, box-office collection

The company welcomed around 3.36 million guests at its cinemas and earned gross box office revenue of around Rs 100 crore in the Aug 11 - 13 weekend.

National Alumimiun slips over 4% after Q1 net plunges 40%

The company's consolidated net profit dropped to Rs 333.76 crore in Q1FY24 from Rs 557.91 crore in Q1FY23. Total income was down 16.1 per cent YoY at Rs 3,226.88 crore.

Adani Group shares under pressure; Adani Ports, AEL slip up to 5%

Securities and Exchange Board of India is set to submit to the Supreme Court its report on the allegations made by US-based Hindenburg Research against the Adani Group.

Himatsingka Seide soars 13%, hits 52-week high on robust Q1 results

The improved operating performance in Q1FY24 was on the back of improved capacity utilisation levels, softening raw material prices and marginal easing of energy costs.

Kirloskar Oil soars 11%, hits new high on strong June quarter earnings

Looking ahead, the management is confident about the future prospects and expects to capitalise on the growth opportunities in key sectors, including exports, infrastructure, and data centres.

Supreme Industries surges 16% on inclusion in MSCI Global Standard index

Thus far in the calendar year 2023, the stock price of Supreme Industries has zoomed 83 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

HCL Tech surges 4% on inking $2.1 billion deal with Verizon Communications

HCL Tech expects this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of US$ 2.1 billion over the term.

DreamFolks tanks 28% in 2 days on disappointing Q1 performance

The company said one-off abnormal increase in common area maintenance charges has led to increase in lounge cost.

CMS Info Systems tumbles 9% after huge block deal on BSE

At 09:38 AM; around 30.6 million equity shares representing 19.85 per cent of total equity of CMS Info Systems changed hands on the BSE, the exchange data shows.

Force Motors surges 10%, hits over 5-year high on stellar Q1 performance

Thus far in the current financial year 2023-24, the stock has zoomed 161 per cent, as compared to 11.6 per cent rise in the S&P BSE Sensex.

Shyam Metalics hits 10% upper circuit post July sales numbers

The stock has rallied nearly 77 per cent so far this fiscal year as against a 12 per cent rally on the benchmark Nifty 50.