Page 42 - Nse Nifty50 Benchmark Index
GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr
The decline in GIC Re's share price follows the central government's announcement of its plan to reduce its stake in the company by 6.78 percent to raise about Rs 4,700 crore.
 "GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr")
Atlantaa hits 52-week high on securing commencement certificate for project
The surge in Atlantaa share price came after the company announced that it has received Commencement Certificate for its project, Atlanta Enclave Phase 11, from Thane Municipal Corporation
 "Atlantaa hits 52-week high on securing commencement certificate for project")
Kitex Garments hits over 7-yr high on strong outlook; zooms 90% in 1 month
The management said the company's capacity utilization is currently at its peak and the factory order position is fully booked up to June 2025.
 "Kitex Garments hits over 7-yr high on strong outlook; zooms 90% in 1 month")
RK Forgings up 6%, hits new high on investment in aluminium forging project
The board has given an approval for an investment of Rs 57.5 crore to set up the facility, which will primarily cater to electric vehicle (EV) market.
 "RK Forgings up 6%, hits new high on investment in aluminium forging project")
Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%
The share of Welspun Enterprises soared after the company announced that its Board is scheduled to meet on September 5 to consider and approve the proposal of raising of funds.
 "Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%")
Gensol Engg and Matrix Gas consortium win Rs 164-crore bid; stock rises 3%
The project is scheduled for completion within 18 months, the company said.
 "Gensol Engg and Matrix Gas consortium win Rs 164-crore bid; stock rises 3%")
Medplus Health up 3% on stay against suspension order of Vikhroli store
The surge in Medplus Health shares came after the company announced that it has received a stay order against the suspension order of a store in Vikhroli, Maharashtra.
 "Medplus Health up 3% on stay against suspension order of Vikhroli store")
HAL rises 5% after Cabinet approves Rs 26,000-cr order for 240 aero-engines
These aero-engines will be manufactured at the Koraput division of HAL and the delivery of these aero-engines would start after one year and complete over a period of eight years, the company said.
 "HAL rises 5% after Cabinet approves Rs 26,000-cr order for 240 aero-engines")
Aadhar Housing up 6% as Kotak Institutional initiates coverage with 'Buy'
The surge in Aadhar Housing share came after Kotak Institutional Equities initiated coverage on the company with 'Buy' rating for a target price of Rs 550, marking an upside of 41%.
 "Aadhar Housing up 6% as Kotak Institutional initiates coverage with 'Buy'")
Stocks to Watch: Adani Green, Vedanta, Ireda, Sterlite Tech, NMDC, TaMo
Vedanta has approved a third interim dividend of Rs 20 per share for FY25, raising the total dividend payout so far to Rs 13,474 crore.
 "Stocks to Watch: Adani Green, Vedanta, Ireda, Sterlite Tech, NMDC, TaMo")
Jigar S Patel of Anand Rathi suggests buying these three stocks today
Recently, Allcargo Logistics has formed a bullish Bat pattern, which is a harmonic chart pattern known for indicating potential reversals.
 "Jigar S Patel of Anand Rathi suggests buying these three stocks today")
Nifty Financial Services shows bullish trend in near-term; details here
For near-term traders, the optimal strategy is to book profits at current levels, given the proximity to resistance.
 "Nifty Financial Services shows bullish trend in near-term; details here")
Gujarat Gas stock flies 14% on merger, demerger plan; brokerages upbeat
Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.
 "Gujarat Gas stock flies 14% on merger, demerger plan; brokerages upbeat")
Dr Reddy's declines 3% after China's regulator bans import of ADHD drug
Atomoxetine is used for treating attention deficit hyperactivity disorder (ADHD) in adults and children over six years.
 "Dr Reddy's declines 3% after China's regulator bans import of ADHD drug")
August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip
Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.
 "August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip")
Dynacons Systems gets Rs 143-cr order from Bank of Maharashtra; stock up 4%
The rise in Dynacons Systems share price came after the company announced that it has bagged an order worth Rs 142.55 crore from Bank of Maharashtra.
 "Dynacons Systems gets Rs 143-cr order from Bank of Maharashtra; stock up 4%")
Centum Electronics share price rises 4% on bagging work order from DRDO
Under the terms of the project, Centum Electronics will be providing Intersatellite Link & other Payload Subsystems to DRDO.
GPT Infra stock gains 5% on emerging as lowest bidder for Rs 204-cr project
The rise in GPT Infra share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 204 crore from CAO Construction, South Eastern Railway Kolkata.
Nifty's winning run extends to 13th day in longest uninterrupted streak
During these 13 trading sessions, starting August 14, the Nifty has rallied 1,150 points, or 4.7 per cent
 "Nifty's winning run extends to 13th day in longest uninterrupted streak")
Stock Market Highlights, Aug 30: Benchmarks log record close; Sensex tops 82,350, Nifty near 25,250
Stock Market highlights: The Sensex, and Nifty50 ended at record high closing levels ahead of the Q1 FY25 GDP data to be released today
 "Stock Market Highlights, Aug 30: Benchmarks log record close; Sensex tops 82,350, Nifty near 25,250")