Page 393 - Markets

HPL Electric & Power surges 18% on bagging smart meter orders of Rs 903 cr

HPL said these orders further bolster the company's total pending pipeline order book, now totaling Rs 2250 plus crore

Genus Power Infra zooms 15% on order win worth Rs 2,207 crore

The company said it has received a letter of award (LoA) of Rs 2,207.53 crore for appointment of Advanced Metering Infrastructure Service Provider (AMISP)

Untimely rains dent summer sales; to keep durable stocks in check: Analysts

Analysts expect the stocks to remain weak in the near-term as lower sales offtake will lead to companies missing their earnings estimates for the April-June quarter (Q1FY24)

Bajaj Finance soars 8%, hits 52-week high on strong Q1 business update

Assets under management (AUM) grew by 32 per cent to approximately Rs 2.7 trillion at the end of the June quarter

IDFC surges 5%, IDFC First Bank slips 3% after board approves merger

Shareholders of IDFC Ltd will get 155 shares of IDFC First Bank for every 100 shares held in the former

Stocks to Watch on July 4: RIL, IndusInd, IDFC, Adani Transmission, DMart

Stocks to Watch today, on Tuesday: Reliance Jio, the telecom arm of Reliance Industries, has announced the launch of the internet-enabled 'JioBharat' phones, at a price of Rs 999

Sensex ends above 65,000, Nifty 19,300 for the first time; RIL zooms 2.5%

Closing Bell on July 3, 2023: The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points. The broader Nifty50, meanwhile, zoomed 141 points to 19,330

Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%

In the past two trading days, the Nifty PSU Bank index has rallied 6 per cent

OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs

In the past one-year, shares of OMCs have risen between 18 per cent and 28 per cent on the back of a fall in crude oil prices. Brent crude prices have corrected 20 per cent in the past one year

HDFC Bank: Despite merger, stock may remain sideways, caution analysts

Shares of HDFC Bank gained 3.2 per cent on the BSE in Monday's intra-day trade to hit a fresh record high of Rs 1,758 apiece

Ronaldo to launch second NFT collection 'ForeverCR7: The GOAT' today

Legendary footballer, Cristiano Ronaldo, launched his second exclusive NFT collection, ForeverCR7: The GOAT. The NFTs have 20 different designs highlighting the key moments of his career

HDFC twins gain up to 3% after they fix July 13 as record date for merger

HDFC Bank hit a record high of Rs 1,744.70, while HDFC hit a 52-week high of Rs 2,900.60. The stocks have rallied 7 per cent in the past four trading days

Top headlines: HDFC Bank to become top weight, FPI inflow hit 10-month high

Business Standard brings all the latest headlines at this hour

Gold, silver prices remain unchanged; yellow metal trading at Rs 59,070

The price of 22-carat gold also remained unchanged and was trading at Rs 54,150.

Stocks to Watch on July 3: HDFC twins, TMB, auto shares, SBI, Balaji Amines

Stocks to Watch on Monday, July 3: Post the approval of the merger between HDFC Bank and HDFC, the trading window in HDFC Ltd will remain closed till July 13

Muthoot Microfin files preliminary papers with Sebi for Rs 1,350 cr IPO

Muthoot Microfin plans to raise up to Rs 1,350 crore through an initial share sale and has filed draft papers with markets regulator Sebi. The Initial Public Offering (IPO) of the company that provides micro loans to women customers will comprise a fresh issue worth up to Rs 950 crore and an Offer For Sale (OFS) of equities to the tune of Rs 400 crore. According to the Draft Red Herring Prospectus (DRHP) filed on Friday, the company will also look at pre-IPO placement to raise Rs 190 crore. If that placement is undertaken, the size of the fresh issue will be reduced. The company plans to use proceeds from the fresh issue for augmenting its capital base to meet future capital requirements. Through the OFS route, various entities plan to offload Rs 400 crore-worth shares. While Greater Pacific Capital WIV Ltd proposes to offload equities worth up to Rs 100 crore, Thomas John Muthoot, Thomas Muthoot and Thomas George Muthoot plan to sell shares aggregating up to Rs 70 crore ...

Sebi tweaks framework for upstreaming of client funds by brokers

Markets regulator Sebi on Friday tweaked the framework pertaining to upstreaming of all client funds received by stock brokers and clearing members to clearing corporations. The modifications have been made following representations received from various stakeholders, including Market Infrastructure Institutions (MIIs) and stock brokers, saying that changes to the systems are still under progress, and that there are certain practical difficulties in implementation of the proposed framework. Under the framework which was issued earlier this month, no clients' funds would be retained by stock brokers on an End of Day (EoD) basis. Further, clients' funds will be upstreamed by stock brokers and clearing members to clearing corporations only in the form of either cash, lien on Fixed Deposit Receipt (FDR) or pledge of units of mutual fund overnight schemes, In a circular on Friday, Sebi said stock brokers/ clearing members (SBs/CMs) may receive funds from clients beyond the prescribed

Warburg Pincus sells shares of telecom major Bharti Airtel for Rs 1,649 cr

Warburg Pincus on Friday sold shares of telecom major Bharti Airtel for Rs 1,649 crore through an open market transaction. Lion Meadow Investment Ltd, an affiliate of private equity firm Warburg Pincus disposed of shares of Bharti Airtel. According to the block deal data available with the BSE, Lion Meadow offloaded 1,90,00,000 shares, amounting to 0.32 per cent stake in Bharti Airtel. The shares were disposed of at an average price of Rs 868 apiece, taking the aggregate transaction size to Rs 1,649.20 crore. These shares were acquired by funds/ affiliates of US-based financial services company Capital Group in 11 tranches. On Friday, shares of Bharti Airtel gained 0.80 per cent to close at Rs 879 apiece on BSE.

HDFC twins near 52-week highs ahead of Board meet; stocks up 4% this week

Shares of HDFC Bank and HDFC Ltd gained 2 per cent each in Friday's intra-day trade ahead of their Board meeting to finalise merger date

Kalpataru Projects International secures fresh orders worth over Rs 1000 cr

Kalpataru Projects International Limited (KPIL) on Friday said it has bagged new orders totalling Rs 1,008 crore in the domestic and international markets. In an exchange filing, the company said its order inflows stood at Rs 5,122 crores in the first quarter or Q1 of FY 2023-24 on a consolidated basis. Orders in the T&D (transmission and distribution) business are Rs 635 crore in India and overseas markets, and civil works for buildings in India are Rs 373 crore, it said. Manish Mohnot, MD & CEO, KPIL, said, "We are pleased to see a consistent influx of new orders, particularly for our B&F and international T&D business. The domestic civil business is experiencing continuous growth, and we can see promising growth prospects in the international T&D sector. KPIL's strong L1 position of Rs 5,500 plus crore ensures a solid business outlook, giving the confidence in achieving the target order inflows of Rs 26,000-plus crore for FY24, he added. Kalpataru Projects ...