Page 588 - Markets
Wonderla Holidays zooms 26% in two days on reopening of Bangalore resort
Wonderla Resort in Bangalore reopened its business from 5th July 2021, with 50 per cent capacity as a crowd control measure
 "Wonderla Holidays zooms 26% in two days on reopening of Bangalore resort")
AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown
The bank's absolute GNPA in April-June quarter (Q1FY22) was broadly stable QoQ as net additions (slippages, net of recoveries and upgrades) to GNPA declined by Rs 8 crore
 "AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown")
Sumitomo Chemical soars 11%, hits new high on steady revenue growth outlook
With new product launches planned for the year and for the future years, regular revenue growth is expected to continue in the coming years
 "Sumitomo Chemical soars 11%, hits new high on steady revenue growth outlook")
Force Motors surges 13% as June sales more than double
The company's total auto sales more-than-doubled or rose 124 per cent YoY to 1,925 units in June 2021
 "Force Motors surges 13% as June sales more than double")
Cement shares in focus; Ambuja Cements, JK Lakshmi Cement hit record highs
Analysts expect a sustainable demand recovery in volumes in coming quarters on the back of gradual relaxations in lockdowns, expectations of construction activities gaining momentum post-monsoon
 "Cement shares in focus; Ambuja Cements, JK Lakshmi Cement hit record highs")
Stocks to watch: NMDC, Maruti Suzuki, Tata Motors, Religare Entp, NTPC
NTPC's subsidiary NTPC Vidyut Vyapar Nigam Ltd has floated a tender for deployment of hydrogen fuel cell buses in Delhi and Leh
 "Stocks to watch: NMDC, Maruti Suzuki, Tata Motors, Religare Entp, NTPC")
Trading calls by Osho Krishan of Anand Rathi: Buy Eicher Motors, Exide
Eicher Motors' stock has been trading with a positive bias and is placed well above all its major exponential moving averages on the daily time frame
 "Trading calls by Osho Krishan of Anand Rathi: Buy Eicher Motors, Exide")
Top headlines: Bourses to pay for tech glitches; Zomato IPO gets Sebi nod
Awaiting bail for eternity, rights activist Stan Swamy passes away, Centre tells HC twitter no longer enjoys immunity from prosecution. Business Standard brings you the top headlines of the day
 "Top headlines: Bourses to pay for tech glitches; Zomato IPO gets Sebi nod")
Market Wrap Podcast, July 5: Here's all that happened in the markets today
Besides Nomura, other research and broking houses, such as HSBC, Jefferies and Motilal Oswal Securities, have also cautioned against the rich valuation of Indian equities
 "Market Wrap Podcast, July 5: Here's all that happened in the markets today")
Exchange traded funds gaining traction; NSE witnesses 100th listing
Exchange traded funds (ETFs) are getting a lot of attention from investors, with the leading stock exchange NSE witnessing listing of 100th such instruments.
 "Exchange traded funds gaining traction; NSE witnesses 100th listing")
BSE Smallcap index hits new high; six stocks rally over 100% in one month
HFCL, OnMobile Global, Zuari Agro, Grauer & Weil, Jindal Worldwide, Apex Frozen, Accelya Solutions, Newgen Software and KRBL rallied between 11% and 20% in the intra-day trade today
 "BSE Smallcap index hits new high; six stocks rally over 100% in one month")
Sensex zooms 395 pts amid buying in realty, bank stocks; Nifty above 15,800
Sectorally, all, except the IT and Pharma indices, ended in the green. Of these, the Nifty Realty index was the top gainer, up nearly 3 per cent.
 "Sensex zooms 395 pts amid buying in realty, bank stocks; Nifty above 15,800")
Market valuation too demanding; divestment target may not be met: Nomura
Valuation of Indian stock market at 22.5 times fiscal 2021-22 (FY22) earnings is too demanding, said analysts at Nomura
 "Market valuation too demanding; divestment target may not be met: Nomura")
Apex Frozen Foods hits 20% upper circuit, rises 46% in a week post Q4 nos
Apex Frozen Foods' Q4FY21 sales volume grew by around 30 per cent YoY on the back of easing of the transport situation
 "Apex Frozen Foods hits 20% upper circuit, rises 46% in a week post Q4 nos")
India Pesticides makes strong debut, lists at 22% premium over issue price
The stock listed at Rs 360, a 22 per cent premium over its issue price of Rs 296 on the BSE
 "India Pesticides makes strong debut, lists at 22% premium over issue price")
CSB Bank gains 7%, hits record high post June quarter business update
CSB Bank reported a 3.5 per cent QoQ decline in gross advances to Rs 14,146 crore
 "CSB Bank gains 7%, hits record high post June quarter business update")
Covid norm violations: Lajpat Nagar market closed till further orders
The Delhi government has ordered the closure of the popular Lajpat Nagar market in south Delhi till further orders and the Rui Mandi in Sadar Bazar till July 6 for violation of Covid norms
 "Covid norm violations: Lajpat Nagar market closed till further orders")
KIMS Hospitals lists at 22 per cent premium over issue price
At 10:06 am, the stock was trading at Rs 1,003, after hitting a low of Rs 990 on the NSE and BSE
 "KIMS Hospitals lists at 22 per cent premium over issue price")
Dodla Dairy, KIMS: Short-term investors should book profit, say analysts
For those who didn't get the IPO allotment, analysts say the business model, industry outlook, management acumen and valuations of these companies should be kept in mind before investing
 "Dodla Dairy, KIMS: Short-term investors should book profit, say analysts")
HFCL's m-cap crosses Rs 10,000 crore mark; stock zooms 86% in a month
5G technology is the next big upgrade for telecommunication networks and HFCL is gearing up to offer various products, solutions and services for this segment
 "HFCL's m-cap crosses Rs 10,000 crore mark; stock zooms 86% in a month")