Page 392 - Markets

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

Entity offloads Piramal Enterprises' shares worth Rs 575 cr via open market

An entity on Thursday offloaded shares of Piramal Enterprises for Rs 575 crore through open market transactions. According to the block deal data available with the BSE, SmallCap World Fund Inc sold a total of 61,09,068 shares of Piramal Enterprises 17 tranches. The shares were disposed at an average price of Rs 941.15 apiece, taking the aggregate transaction value to Rs 574.95 crore. Plutus Wealth Management, Tata Mutual Fund (MF), Bandhan MF BOFA Securities Europe SA, BNP Paribas Arbitrage and Segantii India Mauritius, among others were buyers of shares of Piramal Enterprises. In a separate transaction on BSE, New World Fund Inc offloaded more than 34.62 lakh shares of Piramal Enterprises for Rs 326 crore through an open market transaction, as per the bulk deal data. The shares were sold at an average price of Rs 941.15 per share, taking the transaction value to Rs 325.91 crore. Details of the buyers could not be ascertained. On Thursday, shares of Piramal Enterprises fell 1.0

US stocks slide as traders bet on more rate hikes by Federal Reserve

Europe's Stoxx 600 index sank the most in two weeks

Sensex zooms 340 pts, ends near 65,800; Nifty tests 19500; auto stocks lead

Closing Bell on July 6, 2023: This was the Nifty50 index's eighth straight session of gains

Puravankara soars 13% as it records highest-ever sales value in Q1FY24

The sale's value more than doubled, zooming 119 per cent year-on-year, to Rs 1,126 crore from previous year's Q1 sales of Rs 513 crore

Hind Zinc rallies 8%; board to consider interim dividend for FY24 on July 8

The record date for the eligibility of interim dividend payment, if any, will be Saturday July 15, 2023, Hindustan Zinc said in a filing

JBM Auto cracks 15% as investors book profit after a 51% rally in 12 days

In the last session on July 5, JBM Auto had hit a 52-week high of Rs 1,517.5 per share. On a year-to-date basis, the share has more than doubled investors' wealth with a whopping rally of 190%

HDFC, IDFC mergers may not trigger consolidation of PSU banks: Analysts

There is more money to be made in PSBs as RoA expansion has peaked for private banks, analysts said

Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE

Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index

NSE cautions investors against assured returns scheme by 2 individuals

The National Stock Exchange (NSE) on Wednesday cautioned investors not to put their money in any assured returns scheme offered by two individuals. The two individuals are: Riya Sharma, associated with Share Expert Tips; and Himanshu Thakkar, associated with New York live trade. They (Riya and Himanshu) were providing securities market tips for trading and assuring returns on investment in stock market and also offering to handle the trading account of investors by asking them to share their credentials, the NSE said in two separate statements. According to the statements, these persons are not registered either as a member or authorised persons of any registered member of the NSE. Cautioning the investors, NSE asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by law. The bourse has also provided a facility to investors of 'Know/Locate your Stock Broker' on its website

Senco Gold IPO subscribed 2.68 times on Day 2 of subscription

The Initial Public Offer (IPO) of jewellery retail player Senco Gold was subscribed 2.68 times on the second day of subscription on Wednesday. The Rs 405 crore-IPO received bids for 2,52,28,190 shares against 94,18,603 shares on offer, as per an update on the NSE. The portion for Retail Individual Investors (RIIs) received 3.67 times subscription, the category for non-institutional investors got subscribed 3.58 times. The Qualified Institutional Buyers (QIBs) quota got subscribed 27 per cent. The IPO has a fresh issue of up to Rs 270 crore and an offer for sale of up to Rs 135 crore. Price range for the offer is at Rs 301-317 a share. Senco Gold Ltd on Monday said it has mobilised Rs 121.5 crore from anchor investors. Of the Rs 270 crore, the company proposes to use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes. The Kolkata-based firm has 140 showrooms across 13 states and a total o

Expert panel on inter-state trade recommends legal framework for MNI

An expert committee set up to promote inter-mandi and inter-state trade through Market Yard of National Importance (MNI) has recommended the implementation and legal framework for the proposed platform. The Centre constituted a high-level expert committee on April 21, 2023, to promote inter-mandi and inter-state trade through the conceptualisation and implementation of MNI. The panel was chaired by Manoj Rajan, Special Secretary (Agriculture), Government of Karnataka with members from State Agri Marketing Boards of Uttar Pradesh, Karnataka, Rajasthan, Telangana, Odisha and Bihar. Apart from state representatives, Director (Agriculture Marketing), DA&FW, GoI, Deputy AMA, DMI, representative from SFAC and Strategic Partner for e-NAM were also the members of the said committee. The panel was assigned the task of recommending the framework for the implementation of MNI. "On 4th July 2023, Chairperson of the Expert Committee has submitted a report of the Expert Committee on MNI ...

Sensex ends 33 pts down in choppy trade; HDFC duo drops 3%, Maruti up 3.5%

Closing Bell on July 5, 2023: The Nifty50 ended at 19,399 level, up 10 points or 0.05 per cent, rising for a seventh consecutive session

Hero MotoCorp surges 9% in 2 days; drives past TVS Motor in mcap ranking

At 12:58 PM; Hero MotoCorp's m-cap stood at Rs 63,076 crore as compared to TVS Motors's m-cap of Rs 62,000 crore, the BSE data shows

Samvardhana Motherson surges 8% on deal to acquire Honda's 4W component biz

As a part of the overall transaction, the 2W business (housed under Goshi Giken) will be transferred to Honda Motor before Motherson acquires 81 per cent stake in Yachiyo's 4W business

Stocks to Watch today, July 5: LTIMindtree, Bandhan Bk, Lupin, Adani Power

Stocks to Watch on Wednesday, July 5: LTIMindtree will replace HDFC in the benchmark Nifty50 index, while LIC Housing Finance will likely replace it in the Nifty Financial Services index

Senco Gold IPO subscribed by 69% on first day of subscription

The Initial Public Offer (IPO) of jewellery retail player Senco Gold got subscribed 69 per cent on the first day of subscription on Tuesday. The Rs 405-crore IPO received bids for 65,28,018 shares against 94,18,603 shares on offer, according to NSE data. The quota for retail individual investors (RIIs) received 1.12 times the subscription and the category for non-institutional investors got subscribed 62 per cent. The initial public offer has a fresh issue of up to Rs 270 crore and an offer for sale of up to Rs 135 crore. The IPO has a price range of Rs 301-317 a share. Senco Gold Ltd on Monday said it has mobilised Rs 121.5 crore from anchor investors. Of the Rs 270 crore, the company proposes to use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes. The Kolkata-based firm has 140 showrooms across 13 states and a total of 63 per cent of them are located in West Bengal. It also sells it

Sensex soars 274 pts, Nifty near 19,400 as Bajaj Fin leaps 7%, Hero Moto 5%

Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank

Not the time to cash out of this market rally: Nirav Sheth of Emkay Global

India's macroeconomic fundamentals are resilient, with growth/inflation dynamics better than those of many developed markets

Eicher Motors cracks 6% as Hero Moto-Harley Davidson tie up for X440 bike

Priced at Rs 2.29 lakh, X440 motorbike will directly compete with Eicher Motors' Royal Enfield Classic 350's starting price of Rs 1.93 lakh and the Hunter 350's Rs 1.5 lakh