Page 6 - Stock Market Today

KSB Ltd, Stove Kraft: HDFC Securities sees bullish setup on charts

Vinay Rajani of HDFC Securities has recommended buying two stocks today -- KSB Ltd and Stove Kraft

Stock Market Close: Sensex extends losses to 2nd day; Nifty settles at 24,056

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 1.39 per cent and 0.23 per cent down, respectively

RIL: Jefferies sees O2C, retail growth fuelling re-rating; stock rises 2.5%

Jefferies has retained 'Buy' rating on Reliance Industries Limited (RIL) shares and revised the target price to ₹1,710, implying an upside of 33 per cent from the previous close of ₹1,285.

Maruti Suzuki share price falls over 5% post tepid August export data

Domestic passenger vehicle sales rose 34.8 per cent Y-o-Y to 176,971 units. Exports, however, declined 7.4 per cent Y-o-Y to 33,844 units during the period under review.

Multibagger stock: Why TBZ shares are locked at 20% upper circuit

GRT Jewellers, a leading jewellery retail company, has signed a share purchase agreement (SPA) with the promoters of Tribhovandas Bhimji Zaveri to acquire their stake of 74.12 per cent in the company.

Adani group stocks rebound up to 5% day after MSCI sell-off; here's why

Adani Green Energy emerged as the biggest gainer among Adani Group stocks in intraday trade, rising as much as 4.69 per cent intraday.

Milky Mist zooms 9.5% as Q1 profit surges multi-fold, up 65% over IPO price

Milk Mist, which listed on the bourses on August 18 after a solid response to its initial public offering (IPO), trades 65 per cent above its offer price of ₹140 based on today's intraday high.

Rays of Belief IPO: Analysts see growth potential but flag execution risks

The issue is entirely a fresh issue of 52.30 lakh shares of ₹125 crore. Rays of Belief IPO is set issue price band at ₹227 to ₹239 per share. The lot size for an application is 62 shares.

NBFCs enter durable recovery phase; MOFSL backs L&T Finance, PNB Housing

MOFSL said that NBFC asset quality has emerged as the biggest positive surprise, with improved collections and moderated fresh slippages after nearly two years of stress.

Symbiotec Pharmalab makes tepid market debut, lists at par with IPO price

The listing of Symbiotec Pharmalab was well below GMP expectations, which had indicated a listing gain of around 18-19 per cent for IPO investors.

Skyways Air Services shares defy GMP expectations, list at 10% discount

Skyways Air Services' shares debuted at ₹124 apiece on the National Stock Exchange, a 10.14 per cent discount to the initial public offer (IPO) price of ₹138 apiece.

Hy-Tech Engineers makes strong debut, lists at 42% premium on NSE

Hy-Tech Engineers shares listed at ₹72 on the BSE, a premium of 35.85 per cent against the offer price of ₹53. Meanwhile, on the National Stock Exchange, it debuted at ₹75, up 41.51 per cent.

Stocks to watch: ITC, Happiest Minds, ICICI Bank, PVR Inox, Cipla & more

PVR Inox approved a buyback of up to 20,68,965 fully paid-up equity shares at ₹1,450 per share, for an aggregate amount of up to ₹300 crore.

CAMS, Kalpataru Projects: 2 stocks on Kotak Securities' radar for near term

Shrikant Chouhan of Kotak Securities has shared a bullish view on two stocks - CAMS Ltd and Kalpataru Projects International.

Gold, silver ETFs off day's low, still down 4% amid hawkish Fed stance

In the spot market, gold prices declined around 1.22 per cent to ₹1,54,940 per 10 grams. Meanwhile, silver futures fell 0.5 per cent to ₹2,40,011 per kg.

Purple Style Labs IPO: Analysts see risk reward unfavourable; bid or skip?

Analysts have shared negative views on Purple Style Labs, saying "risk reward remains unfavourable".

MSCI rejig: Laurus, Lenskart among 4 stocks set for $1.5 bn inflows

The MSCI Standard Index will see four additions, Adani Energy Solutions, Billionbrains Garage Ventures, Laurus Labs, and Lenskart Solutions.

ZEEL tanks 15% as Chandra's insolvency resolution plan faces fresh hurdle

Lenders have questioned the voting process and also the eligibility of certain creditors who were instrumental in pushing through Subhash Chandra's repayment plan.

Ashoka Buildcon shares rally 13% on bagging ₹602-crore order from RVNL

Despite today's sharp rise, Ashoka Buildcon's share price remains 40 per cent below its 52-week high of ₹214.35 scaled in November last year.

Lenskart up 3% ahead of MSCI rejig; Nomura calls it a generational stock

The changes are closely watched by investors as MSCI indices are tracked by global institutional and passive funds, potentially triggering portfolio rebalancing and changes in stock-specific flows.