Stocks to watch today: Tata Motors, Tata Power, Mankind Pharma, SBI, RailTel, KIMS, DEE Development Engineers, L&T Finance, KIMS, sugar stock, among others, will be in focus today.
Kunal Kamble, senior technical research analyst at Bonanza, recommends three stocks to buy today: MCX, ACME Solar and Brigade Enterprises.
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 0.41 per cent and 0.68 per cent, respectively
In intraday deals, Sensex surged 699.86 points or 0.90 per cent to 77,609.54. Its NSE counterpart, Nifty 50, rose 187 points or 0.77 per cent to 24,265.15, led by gains in banking and IT stocks.
Titagarh Rail Systems is an Indian railway wagon and coach manufacturer, with an annual manufacturing capacity of 12,000 wagons and 300 coaches.
Aditya Birla Capital joins other NBFCs like Tata Capital and Godrej Capital, which also announced plans to enter the gold loan business.
Muthoot Finance was up 4.7 per cent intraday to ₹2,997.80, while Manappuram Finance rose 3.2 per cent to ₹351. IIFL Finance rose 3 per cent to ₹649 apiece, CSB Bank moved the most, gaining 5 per cent.
Morgan Stanley downgraded PFC and REC to equal weight from overweight and slashed targets by 20 per cent and 16 per cent, respectively to Rs 410 and Rs 360.
Ambit Capital has initiated coverage on Dhoot Transmission with a 'Buy' rating and a target price of ₹1,598, implying an upside of around 14 per cent from the previous close of ₹1,404.
Tata Silver ETF, Nippon Silver ETF, HDFC Silver ETF, SBI Silver ETF, Axis Silver ETF, DSP Silver ETF, Groww Silver ETF all gained over 4 per cent each
Tempsens Instruments IPO GMP is Rs 220 or 73 per cent, suggesting a listing price of ₹520.
The board of Goodluck India has approved August 21 as the record date for determining the eligibility of the shareholders entitled to the issuance and allotment of bonus equity shares of the company.
Welspun Living said FY27 has commenced on a strong footing, with consolidated revenue in Q1 growing 23.5 per cent Y-o-Y to ₹2,828 crore and Ebitda margins expanding to 12.5 per cent, up 140 bps Y-o-Y.
Jefferies initiated coverage on Turtlemint Fintech Solutions with a 'Buy' rating and a target price of ₹190. The target implies a 37 per cent upside from the stock's previous close of ₹138.92.
Avadh Sugar & Energy and Bajaj Hindustan gained over 6 per cent. Meanwhile, Dwarikesh Sugar Industries, Shree Renuka Sugars, Dhampur Sugar Mills gained up to 5 per cent on NSE in intra-day deals.
Investors should not extrapolate this 20 per cent growth rate. By Q4, the base effect will kick in, and revenue growth could normalize back to single digits.
Despite a beat of this size, we have cut FY27 Nifty EPS by 0.4 per cent and raised FY28 by 0.3 per cent. A quarter this good produced no upgrade cycle.
Favourable base, stronger domestic activity, government capex and operating leverage were seen aiding the SMIDs' Q1 FY27 results.
Revenue growth at 17 per cent (excluding oil & gas, metals, and financials) reached a 12-quarter high, though this was offset by margin compression of 122 bps.
Stocks to watch: HDFC Bank, Hyundai Motor India, BSE, IDFC First Bank, SpiceJet, Kolte-Patil Developers, Escorts Kubota, HDFC Life, Oil India, among others, will be in focus today.