Thus far in calendar year 2024, the BSE Auto index has surged 46 per cent, compared to the 18 per cent rally in BSE Sensex.
Marsons' shares hit a new high of Rs 267.55 in intra-day trade today, after having skyrocketed 3,352%, or nearly 35 times, from level of Rs 7.75 on December 29, 2023.
A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.
Intellect Design's share price surged after the company's business unit, Intellect Digital Technology for Commerce (iDTC), launched eMACH.ai Retail 6DX, tailored for the Middle Eastern market.
The rebound followed a major drop of up to 8 per cent the previous day amid multiple block deals. The drop, meanwhile, led to a fresh 52-week low for the stock.
Stocks to watch: Piramal Pharma aims to double its revenue to $2 billion by FY30, while tripling its Ebitda, said company Chairperson Nandini Piramal.
The uptrend was signalled by GIFT Nifty futures that were trading about 50 points higher than Nifty futures' last close, at 26,047.50, around 7:30 AM.
NTPC is displaying a strong uptrend, characterised by a steady pattern of higher highs and higher lows.
The Nifty Auto Index appears overbought on the near-term charts, indicating a potential pullback in the coming sessions, likely after the monthly expiry.
Stock Market Today: Benchmark equity indices, the BSE Sensex and NSE Nifty50, climbed to fresh highs before ending at new closing highs on Wednesday
India Ratings and Research rated Syrma SGS Technology's Rs 110 crore Commercial Paper Program as "IND A1+"
The company had approved the proposal to raise Rs 4,500 crore on July 26
The uptick in the share price came after the company announced that it has received Rs 391 cr from New York Life Insurance Company for strategic investments in Max Towers & Max House (Phase I & II).
Piramal Pharma aims to achieve over $2 billion in revenue by FY30, which implies 2 times growth in revenue compared with FY24
PNB shares have slipped after it announced Rs 109.16 per share as the floor price for the QIP, launched on September 23, that aims to raise Rs 7,500 crore.
The company's Co-founder and CEO Nishant Pitti was the likely seller in the multiple block deals transacted on the counter
Delta Corp's board has approved the demerger of its hospitality and real estate business to Delta Penland Private Ltd (DPPL)
The rise in Hariom Pipes share price came after the company announced that its board has approved fund raising of Rs 700 crore through issuance of equity shares or any other eligible securities.
Nifty has formed a spinning top like pattern on Sept 24 after remaining in a 125 points range. Nifty could now face resistance from 26,250 while 25,611-25,791 band could offer support
Tata Power is trading near its all-time high price and given a range breakout on the weekly chart. The ADX indicator has turned up which supports the bullish trend.