Stock market highlights, July 26, 2024: In broader indices, the MidCap index outperformed benchmark indices rallying 2.12 per cent while SmallCap settled 1 per cent higher
The uptick in the share price came after reports indicated that the Government has approved Paytm's FDI proposal for payment aggregator business.
The Finance Minister in Budget speech said the government to promote water supply, sewage treatment and solid waste management projects and services for 100 large cities through bankable projects.
The share price jumped after the company announced that it has secured an order with Rs 160 crore from Suruchi Properties, a group company of Century Real Estate Holdings.
The share price rose after the company announced that that Government of Mizoram has alloted 2,400 MW Darzo Lui pumped storage project (PSP) to SJVN.
Protean eGov Technologies hit a new high of Rs 1,984.70, as they rallied 12 per cent on the BSE in Thursday's intra-day trade in otherwise a weak market.
The fall came on the back of weak results in the June quarter of financial year 2025 (Q1FY25).
The surge in the HG Infra share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project from the Ministry of Road Transport and Highways (MORTH).
On the bourses, Tata Motors stocks were buzzing in trade after several brokerages raised the target prices. The stock rallied as much as 3.82 per cent to hit a fresh record high of Rs 1,067 per share.
Management sees increased opportunities in the existing and new clients based on the current business environment.
Brands such as Don Julio, Johnny Walker, RC American Pride, Godawan and McDowell X Series also performed well during the quarter.
The uptick in stock price came after the company posted a strong set of second quarter of calendar year 2024 (Q2CY24) results.
The stock rose 2.23 per cent to hit an intraday high of Rs 899.75 per share following the order win.
The stock price surged after the company announced that it has secured an order worth Rs 586.28 crore.
At 11:23 AM, with Rs 1.02 trillion market capitalisation, USL was trading 6 per cent higher at Rs 1,406.20 on the BSE, as against 0.29% decline in the BSE Sensex.
Nestle India experienced robust revenue growth during the quarter. The company, analysts believe, gained from enhanced distribution. Thus, it is expected to see margin expansion of over 100 bps.
Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations
From the low, Nifty recovered 470 points towards 24544 and ended the session at 24479.
In the worst-case scenario, the Sensex can slide to 75,800 levels, which is the 50 per cent retracement level from the June 4 Lok Sabha election outcome-day low, said Ajit Mishra of Religare Broking.
The fall came after investors flocked to book profits after strong Q1FY25 results.