Page 37 - Stock Market Today

Management churn in banks: Business as usual, or should you be worried?

Kotak Institutional Equities said that the recent management changes at HDFC Bank, Axis Bank and Bandhan Bank appear to be driven by individual career considerations rather than bank-specific concerns

Bharti Airtel: Tariff hike key trigger; Morgan Stanley 'OW' for 34% upside

Airtel share price target: Morgan Stanley said the key catalyst for stronger earnings remains a tariff hike, which may be announced in November or December this year.

FMCG stocks in demand: Nifty FMCG index up 1.7%; Nestle India, GCPL lead

Aamar Deo Singh of Angel One said that it is still early to turn decisively bullish on FMCG and that "investors should wait for the monsoon outcome and further confirmation of a sustained recovery."

Rekha Jhunjhunwala-backed VA Tech Wabag rises 4% on order win; up 58% YTD

VA Tech Wabag is backed by marquee investor Rekha Jhunjhunwala. As per the March 2026 quarter shareholding pattern, Rekha Jhunjhunwala owns 50,00,000 shares (8.2 per cent stake) of VA Tech Wabag.

Poor listing! Waterways Leisure Tourism shares debut 15% below IPO price

Waterways Leisure Tourism operates Cordelia Cruises, India's domestic ocean cruise brand, offering luxury cruise experiences across domestic and international destinations.

Nomura says Delhi EV policy structurally negative for IGL; prefers MGL

Nomura said that city gas distribution companies may now need to start to aggressively pursue inorganic opportunities to grow volumes, given the risk of pollution-led CNG mandates in large cities.

Hotel demand rebounds; ICICI Sec keeps Buy on ITC Hotels, IHCL, Lemon Tree

ICICI Securities has reiterated its 'Buy' rating on ITC Hotels, Indian Hotels Company, Leela Palaces Hotels & Resorts, Chalet Hotels, Lemon Tree Hotels and Brigade Hotel Ventures.

Vedanta Iron & Steel zooms 10%, up 70% since listing; time to book profit?

Vedanta Iron and Steel shares listed at ₹20 on the NSE and ₹22.25 on the BSE on June 15. It was one of the four companies demerged from Vedanta Limited and listed as a separate entity.

Nifty IT sinks 2% to 3-year low; TCS, Infosys, HCL Tech, LTM hit 52-wk lows

As per data, the Nifty IT Index has corrected nearly 42 per cent from its all-time high of 46,089, recorded in December 2024, and is now trading close to its April 2023 lows.

Power sector: Antique picks NTPC, Adani Power, ACME Solar; here's why

Antique said that it prefers companies with exposure to firm power generation and transmission-linked opportunities. It has maintained a 'Buy' rating on NTPC, Adani Power, and ACME Solar.

Netweb Technologies tanks 10%; what's dragging this multibagger stock?

Analysts said that today's correction in Netweb Technologies appears to be driven by announcement that its board will consider a fund-raising proposal, raising concerns over potential equity dilution.

Omaxe soars 20% on launch of dedicated hospitality arm, to invest ₹6200-cr

Omaxe Ltd has announced that the dedicated hospitality business vertical will develop 19 hotels spread over nearly 5 million sq. ft. across five states in the next 4-5 years.

Radico, Allied Blenders: Jefferies initiates coverage on India's alcobev sector

Jefferies said that premiumisation is the most important structural trend, with consumers trading up from country liquor and lower-end IMFL to Prestige & Above (P&A) segments.

Aurobindo Pharma nears all-time high, up 30% in 4 months; more upside left?

Aurobindo Pharma stock hit a 52-week high at ₹1,585, and quoted close to its record high of ₹1,592 hit in September 2024. HDFC Securities maintains 'Add' rating on the stock.

Astral falls 7% on chemicals business demerger announcement; time to buy?

Astral demerger: Notably, the company informed the exchanges that its board has approved a scheme to demerge its chemicals business into a separately listed company.

Applied for Waterways Leisure IPO? Here's how to check allotment status

Waterways Leisure Tourism IPO allotment status will be declared today. Its shares will list on both the leading exchanges on NSE and BSE on July 1.

Stock market holiday: BSE, NSE shut today for Muharram; next on Sept 14

According to the NSE's holiday calendar for 2026, the next stock market holiday will be on September 14, 2026, on account of Ganesh Chaturthi. August 15 (Independence Day) falls on a Saturday.

Tata Chemicals up 6% as RBI's NBFC rule brings Tata Sons listing in focus

Tata Chemicals share price today: Tata Chemicals holds a stake in Tata Sons, with investors anticipating that a potential listing of the holding company could lead to value unlocking.

Rajesh Exports falls 5%, hits lower circuit for 2nd day after ED action

ED's action came against Rajesh Exports in the backdrop of Sebi's allegation of a massive financial fraud in the company.

Real estate demand moderating, says Anand Rathi; DLF, Oberoi better placed

Anand Rathi attributed the slowdown in the real estate sector to weaker hiring and salary growth, particularly in the IT sector, along with subdued capital market performance over the past two years.