Page 181 - Market Trends

Cyient DLM makes strong debut; stock lists at 52% premium over issue price

The stock was listed at Rs 403, a 52 per cent premium over its issue price of Rs 265 per share on the National Stock Exchange.

BSE buyback: Should you tender your shares?

Given company's strong cash balance and prospects of robust growth, long-term investors can skip the share buyback, recommends A K Prabhakar.

DCB Bank surges 8% as RBI allows Tata MF for raise stake up to 7.5%

The Reserve Bank of India has granted its approval to Tata Asset Management Company (AMC) to increase stake in the private sector lender up to 7.5 per cent.

ITC trades higher for fifth straight day; surges 3% in subdued market

ITC's market cap touched Rs 5.96 trillion in intra-day trade, less than 1 per cent shy from hitting the milestone of Rs 6 trillion mark.

LTIMindtree hits 52-week high; gains 3% on scheduled Nifty 50 inclusion

Thus far in the calendar year 2023, LTIMindtree has outperformed the market by surging 23%, as against 6.5% rise in the Nifty 50 and 5% gain in HDFC.

This smallcap company stock has zoomed nearly 100% in 6 weeks

In past two trading days, the stock of Genus Power has rallied 30% after signing definitive agreements with Gem View Investment, an affiliate of GIC, Singapore.

How do brokerages view Reliance Jio's new feature phone offering?

Brokerages estimate that the launch of 'JioBharat' phones could disrupt the 2G market, and delay the tariff hike discussions in the near-term

HMA Agro makes decent debut; stock lists at 7% premium over issue price

Post listing, the stock hit a high of Rs 667, up 14 per cent when compard with its issue price of Rs 585 per share on the NSE.

Trading strategies for Nifty PSU Bank, Private Bank indices

Ravi Nathani, independent market analyst decodes technical charts for Nifty PSU Bank and Private Bank indices; check out

UltraTech Cement hits record high; gains 2% on strong sales volume in Q1

UltraTech's consolidated sales volume rose 19.6 per cent YoY at 29.96 mt, where domestic grey/white cement sales volume grew by ~20 per cent/11 per cent YoY, respectively.

Suzlon Energy hits over 5-year high; zooms 105% in 7 weeks

Brokerage firm ICICI Securities has initiated the coverage on Suzlon with 'Buy' rating and a target price of Rs 22 per share.

63 Moons zooms 52% in 5 days as MCX extends support service for 6 months

Meanwhile, shares of MCX slipped 12 per cent to Rs 1,437 on the BSE.

AMCs rally up to 11% as SEBI defers decision to rationalise TER for MFs

Among individual stocks, HDFC AMC was locked at the temporary 10 per cent upper limit; Nippon Life India AMC surged 11 per cent in Friday's intra-day trade.

Markets at new high! Sensex hits 64K, ends 499 pts up; Nifty tests 19K

CLOSING BELL ON JUNE 28, 2023: The BSE Sensex hit a new all-time high at 64,050; Nifty at 19,011 and Bank Nifty at 44,508 on Wednesday.

Sensex hits 64,000, Nifty tops 19,000: These 4 factors drove market rally

Broader markets, too, displayed strength as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 1.1 per cent during this period

BLS International hits new high; soars 9% on proposed IPO of BLS E-Services

BLS International recently consolidated its banking correspondence and e-Governance businesses into a Digital Services segment, which is operated through BLS E-Services.

Nifty hits new high; Can it topple 20,000-mark? Here's what history hints

The NSE Nifty 50 on Wednesday scaled a new high after 142 trading days. The average swing returns since 2018 are 32.8 per cent suggesting an upside target beyond 22,000-mark.

Force Motors surges 10%, hits over 4-year high; zooms 129% in 3 months

Thus far in the month of June, the stock has surged 43 per cent after the company reported 30 per cent year-on-year and month-on-month jump in total sales at 2,645 units for the May month.

InterGlobe Aviation market-cap nears Rs 1-trn mark; surges 26% in 2 months

IndiGo's market cap hit Rs 97,921 crore in intra-day trade on Tuesday and was less than 2 per cent from hitting the milestone.

Auto, Pharma stocks shine in lacklustre trade; IdeaForge IPO subscribed 3x

CLOSING BELL ON JUNE 26, 2023: The Sensex ended on a flat note, down 9 points, while the NSE Nifty 50 gained 26 points in trade on Monday.