Over the past 7-8 weeks, Laxmi Organic Industries has been trading within a relatively narrow range of approximately Rs 235-270, indicating a period of consolidation.
The recent correction in the Nifty 50 index should be seen as a pullback within an overall bullish trend on short-term charts. The best trading strategy for both traders & investors is to buy on dips.
The stock rallied 6 per cent to Rs 811.85 and was trading at its highest level since October 2023.
Goldman Sachs maintained its 'Sell' rating on the stock, as the brokerage firm said Vodafone Idea faces difficulties in achieving free cash flow break-even and recovering lost market share.
The shares of Sundaram-Clayton surged after the company announced that it has commissioned the commercial production of Aluminium Die Castings, effective September 5, in Tamil Nadu.
The sharp uptick in the share price came after the company announced that it has launched its newest service, highway dining, for travellers.
Shares of VST Industries hit a new high of Rs 486.70, as they locked in 20 per cent upper circuit on the BSE on Friday at 09:21 AM, in an otherwise a weak market.
The uptick in KEC International share price came after the company announced that it has secured orders worth Rs 1,423 crore.
The brokerage, however, has maintained its 'Buy' rating on the scrip.
Fino Payments Bank surged 8 per cent on the BSE to hit an over two-year high of Rs 449.95 in Thursday's intra-day trade.
The uptick in the company's share price came after the company inaugurated phase 1 of the 5 state-of-art Pre-engineered steel (PEB) manufacturing plant (4th fully integrated unit) in Andhra Pradesh.
The jump in Goldiam International share price came after the company announced that it has secured an order worth Rs 70 crore from a large retailer in the USA.
The uptick in Meghna Infracon Infrastructure share price came on the back of the company's announcement that it has launched a new residential project in Goregaon West, Mumbai.
The uptick in share price came after the company announced that its board of directors will meet on September 9, to consider and approve issuance of NCDs up to Rs 2,500 crore.
Linde India share price rose after the company announced that it has entered into the Plant Sale agreement with Tata Steel Limited for acquiring their Kalinganagar industrial gas supply assets.
The uptick in Suzlon Energy share price came after the company announced that it has executed a Conveyance Deed to sell its Pune-based corporate office to OE Business Park for Rs 440 crore.
The fall in Godfrey Phillips shares price came after media reports indicated that the company has finalised the sale of its retail business 24Seven.
The rise in Rama Steel Tubes came after the company announced that it has inked a partnership with Onix Renewable.
Following the boost in its target price, Signature Global share gained 1.77% intraday. The price hike was attributed to its strong project portfolio and its scope for expansion beyond Gurugram.
The fall in the Exicom Telecoms share price came after Late Rakesh Jhunjhunwla-backed entity Rare Enterprises offloaded 15,85,000 shares of Exicom Telecoms at Rs 348.60 per share.