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August 16, 2024· 15:56 IST
Sensex | Rupak De, Senior Technical Analyst, LKP Securities
Nifty rallied above 24500 after days of consolidating within a 400-500 point range. In the near term, Nifty may continue consolidating within the 24300-24550 range. Only a decisive move above 24550 could trigger a directional up move in the index. A buy-on-dips strategy may be more effective unless Nifty decisively falls below 24300.
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August 16, 2024· 15:53 IST
Sensex Today | Shrikant Chouhan, Head Equity Research, Kotak Securities:
Broader domestic indices ended the week with gains. BSE Sensex, Nifty-50, BSE Midcap and BSE Smallcap indices posted weekly gains of upto 1%. On the sectoral front, BSE IT and BSE Realty index saw healthy weekly gains. BSE Metal index declined on a weekly basis as the Supreme Court allowed states to levy tax and royalty on minerals, apart from central duties, and collect past dues. Q1FY25 results season has concluded with the Nifty-50 Index reporting 5.2% yoy increase in the net profit. India’s CPI inflation in July 2024 fell to 3.5%, from 5.1% in June 2024. In the US, the annual headline inflation in July 2024 stood at 2.9%. Market expects Fed funds rate to decline gradually in H2CY24. The market focus will now shift towards macro data, monetary policy action and geo-political events.
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August 16, 2024· 15:51 IST
Sensex Today | Ajit Mishra – SVP, Research, Religare Broking
Markets staged a robust recovery on Friday, gaining nearly 1.5%, driven by positive global cues. After opening with a gap-up, the Nifty initially lost all its gains in the early hours but rebounded due to strong buying interest in select heavyweight stocks. As a result, the Nifty decisively crossed the resistance at 24,400, closing near the day's high at 24,541.15. The rally was broad-based across sectors, with IT, realty, and auto stocks leading the gains. The broader indices also showed a solid recovery, each advancing nearly 2%.
With the Nifty breaking out of its consolidation phase, it appears poised to close the gap around the 24,700 level. If there is any dip, the 24,300-24,400 zone should provide support. We recommend aligning trades with a focus on stock picking. In the absence of any major domestic triggers, attention will remain on global market performance for further cues.
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August 16, 2024· 15:43 IST
Sensex Today | Vinod Nair, Head of Research, Geojit Financial Services
The stability of the JPY has been instrumental in driving a global market recovery. Besides that, the strong U.S. retail sales and a decline in weekly jobless claims have helped alleviate fears of a U.S. recession. Further, the market sentiment has improved due to a decrease in U.S. CPI inflation. On the backdrop of these, the Indian IT firms exhibited strong buying interest. Domestically, the Indian CPI inflation rate has fallen below the estimate, signalling optimism. However, challenges such as a drop in WPI inflation, weak IIP, and lukewarm Q1 corporate earnings suggest that market gains may be limited, which is reflected by FIIs maintaining a net seller position.
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August 16, 2024· 15:39 IST
Closing Bell: Nifty at 24,540, Sensex rises 1,330 pts; Tech Mahindra, M&M, Tata Motors, Ultratech Cement top gainers
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August 16, 2024· 15:29 IST
Sensex Today | Coal India: Company contingent liability for loyalty Rs 3600 crore
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August 16, 2024· 15:19 IST
Sensex Today | IPCA Laboratories launches drug Diulcus to treat diabetic foot ulcers
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August 16, 2024· 15:14 IST
Sensex Today | Yes Bank appoints Sumit Bali to head the retail lending business
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August 16, 2024· 15:10 IST
Sensex Today | Smarworks Coworking files DRHP; IPO includes Rs550 cr fresh issue, 6.8 mln shares OFS
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August 16, 2024· 15:03 IST
Bajaj Housing Finance targeting IPO valuation of Rs 56k cr-Rs 59k cr; may trim issue size and launch in September
Moneycontrol was the first to report the firm's listing plans on March 27. The move marks the return of the Bajaj Group to the public markets after several years...Read More
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August 16, 2024· 14:55 IST
Sensex Today | Ambuja Cement completes acquisition of Penna Cements
#1 PCIL has now become a subsidiary of the company effective today
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August 16, 2024· 14:49 IST
Sensex Today | Suprajit Engineering posts biggest single-day gain, at record high, up 17%
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August 16, 2024· 14:44 IST
Sensex Today | Franklin Templeton launches first fund since 2020 crisis
Franklin Templeton Asset Management India is set to launch the Franklin India Ultra Short Duration Fund, an open-ended fund focused on investing in India’s debt markets. This marks the asset manager’s first fund offering since it wound up six fixed-income and credit-risk funds in 2020 due to a crisis in India’s credit market. Managed by Rahul Goswami, Chief Investment Officer for India Fixed Income, and portfolio manager Pallab Roy, the fund will invest in corporate bonds, certificates of deposit, commercial papers, treasury bills, and government securities, aiming for a Macaulay duration of 3 to 6 months. The fund offer will open on August 19 and close on August 28, with the fund reopening for sale and repurchase on August 30.
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August 16, 2024· 14:35 IST
Sensex Today | CDSL fixes 23 August as ex date for 1:1 bonus
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August 16, 2024· 14:27 IST
360 One WAM says it was unaware of Trident Trust’s dealings
The company said Trident never exercised any economic beneficial ownership in any funds managed by erstwhile IIFL Asset Management (Mauritius) ...Read More
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August 16, 2024· 14:17 IST
Sensex Today | Croissance wins Nandi Hills construction order worth Rs 50 crore
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August 16, 2024· 14:12 IST
Brokerage Call | Jefferies downgrade Nazara Technologies to 'underperform', target Rs 720
#1 Q1 results missed estimates due to continued weakness in most segments
#2 Unclear success rates on recent acquisitions, adds to execution risks
#3 Raise FY25/27 revenue/EBITDA estimates by 24-36 percent
#4 Cut earnings by 6-29 percent to factor acquisitions
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August 16, 2024· 14:11 IST
Sensex Today | 9.07 million shares of Canara Bank traded in three different blocks: Bloomberg
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August 16, 2024· 14:07 IST
Sensex Today | Spot USDINR to trade between 83.75-84.25: Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas
Indian Rupee declined on Friday on gains in the US Dollar and elevated crude oil prices. However, positive tone in the domestic markets supported the Rupee at lower levels.
US Dollar gained on Thursday on better than expected economic data from US. US retail sales increased by 1% in July vs forecast of 0.4% while weekly unemployment claims fell to 227,000 vs forecast Empire State Manufacturing Index improved to -4.7 in August vs forecast of -6. However, industrial production declined by 0.6% in July vs forecast of -0.3%.
We expect Rupee to trade with a slight negative bias on strong US Dollar and geopolitical tension in the Middle East between Israel and Iran. However, positive global markets may support the rupee at lower levels. Traders may take cues from US consumer confidence and housing data today. USDINR spot price is expected to trade in a range of Rs 83.75 to Rs 84.25.
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August 16, 2024· 14:02 IST
Markets@2 | Sensex up 1130 points, Nify at 24500
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Wipro | 514.15 | 3.84 | 9.03m |
Tech Mahindra | 1,571.25 | 3.07 | 2.10m |
Shriram Finance | 2,981.65 | 2.99 | 693.01k |
M&M | 2,824.40 | 2.88 | 3.32m |
LTIMindtree | 5,581.15 | 2.83 | 334.82k |
ICICI Bank | 1,191.55 | 2.57 | 7.19m |
TCS | 4,401.25 | 2.47 | 2.33m |
Tata Motors | 1,088.40 | 2.45 | 7.93m |
BPCL | 332.85 | 2.4 | 6.40m |
Grasim | 2,571.20 | 2.34 | 519.97k |
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Divis Labs | 4,634.45 | -0.59 | 410.36k |
Sun Pharma | 1,732.75 | -0.51 | 1.24m |
SBI Life Insura | 1,691.70 | -0.02 | 379.37k |
Dr Reddys Labs | 6,800.00 | -0.02 | 299.16k |
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August 16, 2024· 14:00 IST
Sensex Today | BSE Information Technology index up 2.4%; Zensar Tech, Mpahsis, Kellton Tech, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Zensar Tech | 794.90 | 7.14 | 150.60k |
MphasiS | 2,901.55 | 6.8 | 28.55k |
Kellton Tech | 156.15 | 6.48 | 109.36k |
Newgen Software | 1,087.00 | 5.97 | 12.53k |
C. E. Info Syst | 2,233.10 | 5.7 | 12.78k |
L&T Technology | 5,197.90 | 5.68 | 24.51k |
Birlasoft | 596.60 | 5.42 | 350.45k |
D-Link India | 546.05 | 5.2 | 8.83k |
Moschip Tech | 245.80 | 4.77 | 385.68k |
Ramco System | 387.60 | 4.73 | 4.85k |
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August 16, 2024· 13:59 IST
Brokerage Call | Morgan Stanley keeps 'overweight' rating on Apollo Hospitals, target Rs 7,110
#1 Consolidated EBITDA after 24x7 cost was Rs 670 crore, in-line with estimate & consensus estimate
#2 Net profit (after minority interests) came in at Rs 310 crore
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August 16, 2024· 13:52 IST
Sensex Today | India VIX down 6%
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August 16, 2024· 13:49 IST
Brokerage Call | JPMorgan keeps 'overweight' call on DLF, target raises to Rs 1,000
#1 Believe company will surpass a coveted USD 1 billion operating cash flow at group level in FY25
#2 Company riding a strong sales cycle & compounding of free cash at its rental business
#3 This opens up significant strategic flexibility at group level on acquisitions
#4 See upside to pre-sales, margin & cash flow in FY25
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August 16, 2024· 13:43 IST
Brokerage Call | Nomura maintains 'buy' rating on IPCA Laboratories, target raises to Rs 1,502
#1 Earnings ahead of estimates; international revenues weak
#2 Low costs & a sustained EBITDA recovery at Unichem were key positives
#3 International sales were impacted by technical & supply chain issues
#4 But these issues should be addressed in due course
#5 For FY25 management now expects standalone revenue growth of 9 percent (previously 10.5-11 percent)
#6 Projects EBITDA margin at 18.5-19.5 percent (previously 18.0-18.5 percent)
#7 Forecast a 25 percent earnings CAGR over FY25-27
#8 Raise FY25F/26 EPS by 6 percent/3 percent on likely declined costs
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August 16, 2024· 13:40 IST
Sensex Today | Electrosteel Castings, Elixir Capital, Gland Pharma, Godrej Consumer, among others trade ex-dividend
Coal India, Power Grid Corporation of India, Apollo Hospitals Enterprise, Astral, Bata India, Macrotech Developers, Abirami Financial Services, Alkali Metals, Anuh Pharma, Bella Casa Fashion & Retail, Bharti Hexacom, Bharat Highways InvIT, Capital Small Finance Bank, Cochin Minerals & Rutile, Comfort Fincap, Comfort Intech, Compucom Software, Container Corporation of India, Elcid Investments, Electrosteel Castings, Elixir Capital, Gland Pharma, Godrej Consumer Products, Godawari Power & Ispat, KK Shah Hospitals, NGL Fine-Chem, National Highways Infra Trust, NR Agarwal Industries, Page Industries, Premco Global, Ram Ratna Wires, Rossari Biotech, Steelcast, Thomas Cook, Thyrocare Technologies, Transindia Real Estate
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August 16, 2024· 13:34 IST
Sensex Today | Nifty Healthcare index up 0.5%; Glenmark India, Abbott India among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Glenmark | 1,571.80 | 5.41 | 4.35m |
Abbott India | 27,887.70 | 3.08 | 13.96k |
Dr Lal PathLab | 3,304.95 | 3.03 | 145.28k |
Fortis Health | 536.00 | 2.65 | 1.19m |
Biocon | 335.70 | 2.46 | 1.65m |
Apollo Hospital | 6,674.30 | 2.43 | 468.72k |
Pfizer | 5,898.95 | 2.21 | 26.01k |
Zydus Life | 1,184.55 | 1.2 | 1.62m |
Lupin | 2,093.80 | 0.96 | 816.22k |
Cipla | 1,574.90 | 0.71 | 380.84k |
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August 16, 2024· 13:32 IST
Stock Market LIVE Updates | Sakthi Sugars shares gain despite Q1 profit falls
#1 Profit plunges 30 percent to Rs 57.9 crore Vs Rs 82.5 crore, YoY
#2 Revenue grows 5.5 percent to Rs 393.6 crore Vs Rs 373.2 crore, YoY
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August 16, 2024· 13:28 IST
Stock Market LIVE Updates | Pitti Engineering shares up 3% as Q1 profit jumps 47%
#1 Profit zooms 47.1 percent to Rs 20.5 crore Vs Rs 13.97 crore, YoY
#2 Revenue grows 32.1 percent to Rs 382.8 crore Vs Rs 289.8 crore, YoY
#3 Other income rises to Rs 3.9 crore Vs Rs 0.9 crore, YoY
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August 16, 2024· 13:25 IST
Sensex Today | BSE FMCG index up nearly 1%; Dalmia Sugar, Prataap Snacks, Tasty Bite, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Dalmia Sugar | 409.70 | 6.5 | 11.77k |
Prataap Snacks | 883.65 | 5.74 | 29.00k |
Tasty Bite | 10,404.55 | 5.48 | 453 |
Eveready Ind | 468.05 | 4.52 | 55.72k |
CCL Products | 692.00 | 4.41 | 18.05k |
Avadh Sugar | 665.00 | 4.35 | 12.58k |
LT Foods | 326.50 | 4.28 | 149.72k |
Manorama Indust | 800.30 | 4.25 | 9.29k |
GRM Overseas | 240.35 | 4.23 | 63.47k |
Godfrey Phillip | 4,522.85 | 4.18 | 6.03k |
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August 16, 2024· 13:22 IST
Shiva Cement shares rise 15% as promoter JSW Cement moves closer to file DRHP
Shiva Cement (SCL) a part of the JSW Group and supplies clinker to the parent entity. JSW Cement hold over 59 percent stake in Shiva Cement, as has infused funds into SCL....Read More
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August 16, 2024· 13:20 IST
Brokerage Call | HSBC initiates 'buy' rating on Ola Electric, target Rs 140
#1 Despite conservative view on EV penetration in India along with other uncertainties
#2 Believe Ola is worth investing in given sustained regulatory support
#3 Ola’s has the ability to reduce costs, with positive risk-reward in its battery venture
#4 Slower penetration of e2-wheelers & battery plant issues are key downside risks
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August 16, 2024· 13:17 IST
Stock Market LIVE Updates | Max India shares fall 5% as losses double in Q1
#1 Loss doubles to Rs 26.97 crore Vs loss of Rs 12.2 crore, YoY
#2 Revenue plunges 34.8 percent to Rs 26.5 crore Vs Rs 40.67 crore, YoY
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August 16, 2024· 13:13 IST
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August 16, 2024· 13:09 IST
Sensex Today | 1.48 million shares of Jindal Stainless traded in a block: Bloomberg
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August 16, 2024· 13:06 IST
Brokerage Call | Jefferies keeps 'buy' rating on Max Financial Services, target Rs 1,270
#1 Saw weaker VNB growth of 3 percent YoY despite 31 percent rise in premium
#2 Weaker mix dragged margins
#3 Company is benefiting from ramp-up of e-com, agency and integration with Axis
#4 Encouraged to see management indicate limited impact of new SV norms on margin
#5 Limited impact of SV norms will aid mid-teen growth in VNB over FY26-27
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August 16, 2024· 13:03 IST
Markets@1 | Sensex up 960 points, Nifty above 24400
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Wipro | 512.85 | 3.59 | 225.90k |
Tech Mahindra | 1,565.85 | 2.75 | 65.23k |
Tata Motors | 1,089.25 | 2.57 | 291.86k |
TCS | 4,400.00 | 2.52 | 79.95k |
M&M | 2,814.10 | 2.48 | 165.05k |
HCL Tech | 1,662.15 | 2.23 | 57.46k |
ICICI Bank | 1,185.40 | 2 | 254.74k |
Infosys | 1,851.35 | 1.57 | 116.07k |
ITC | 498.65 | 1.37 | 329.24k |
Kotak Mahindra | 1,772.00 | 1.36 | 77.07k |
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Sun Pharma | 1,732.50 | -0.52 | 41.94k |
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August 16, 2024· 12:58 IST
Macquarie bullish on Airtel and Bharti Hexacom, sees downside for Voda Idea, Indus Towers
Macquarie has issued an 'Underperform' ratings on Indus Towers and Vodafone Idea in the telecom space, while keeping a bullish outlook on Bharti Airtel and Bharti Hexacom....Read More
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August 16, 2024· 12:53 IST
Sensex Today | Gravita India, Uflex, Themis Medicare, among others hit 52-week high
Company | 52-Week High | Day’s High | CMP |
---|---|---|---|
Kitex Garments | 339.00 | 339.00 | 327.55 |
Suprajit Eng | 618.55 | 618.55 | 613.20 |
Gravita India | 2237.70 | 2237.70 | 2,222.00 |
Uflex | 630.15 | 630.15 | 628.60 |
Themis Medicare | 279.65 | 279.65 | 269.45 |
Ganesha Ecosph | 1736.65 | 1736.65 | 1,732.25 |
Firstsource Sol | 325.00 | 325.00 | 310.85 |
MPS | 2295.00 | 2295.00 | 2,269.75 |
Polyplex Corp | 1310.00 | 1310.00 | 1,269.85 |
Strides Pharma | 1298.50 | 1298.50 | 1,298.50 |
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August 16, 2024· 12:49 IST
Brokerage Call | HSBC keeps 'buy' rating on Apollo Hospitals, target Rs 7,215
#1 Q1 hospitals (HCS) revenue growth led by 11 percent inpatient volume growth
#2 Other segments also grew mid-teens
#3 HCS outlook intact for 24/7 to achieve cost breakeven in 6-7 quarters
#4 HCS gross merchandise value (GMV) picking up
#5 Launch of insurance service via 24/7 platform will be key
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August 16, 2024· 12:47 IST
Stock Market LIVE Updates | Brigade Group partners with abCoffee to enhance tenant experience
Brigade Group has partnered with abCoffee, grab-and-go specialty coffee, to establish outlets across its commercial office spaces in Bengaluru. Through this partnership, abCoffee will open 6 outlets within Brigade properties, enhancing the café experience for tenants and visitors alike.
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August 16, 2024· 12:46 IST
Max Financial falls 5% on squeezed insurance margins, brokerages turn cautious
Brokerages adopted a 'neutral' stance on the stock, noting that the management's optimistic margin outlook is far-fetched...Read More
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August 16, 2024· 12:44 IST
Sensex Today | Nifty Midcap 100 index rise 1.4%; Mphasis, L&T Technology, Sona BLW, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
MphasiS | 2,896.05 | 6.52 | 1.03m |
L&T Technology | 5,200.00 | 5.76 | 380.73k |
Sona BLW | 688.85 | 5.6 | 1.23m |
Piramal Enter | 925.00 | 4.83 | 2.27m |
AB Capital | 213.23 | 4.8 | 5.03m |
Polycab | 6,650.20 | 3.69 | 275.38k |
PB Fintech | 1,631.85 | 3.67 | 1.24m |
Oil India | 682.20 | 3.54 | 4.88m |
Dr Lal PathLab | 3,312.95 | 3.28 | 129.81k |
Dixon Technolog | 12,295.00 | 3.2 | 360.77k |
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August 16, 2024· 12:40 IST
Brokerage Call | CLSA maintains 'outperform' rating on HAL, target Rs 4,731
#1Pipeline intact & Q1 weak large engine orders pushed to Q2 & rest to H2FY25
#2 1QFY25 EBITDA down 6 percent but PAT up 14 percent YoY
#3 Orders slowed on a delay in Russia-linked programs to 2QFY25
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August 16, 2024· 12:33 IST
Indices continue to trade within 1% range; Nifty's key straddle positioned at 24,300
Nifty's short-term support is positioned between 23,950 and 24,000. ...Read More
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August 16, 2024· 12:29 IST
Stock Market LIVE Updates | Savita Oil Technologies stock trades ex-buyback
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August 16, 2024· 12:27 IST
Brokerage Call | Morgan Stanley keeps 'overweight' call on M&M, target Rs 3,304
#1 Company has shown good success in its past launches
#2 Found Thar five-door package also impressive
#3 Thar three-door sales stand at 5,900 units/month (last six months' average)
#4 Expect three- and five-door variants to collectively clock 8,000-9,000 unit sales/month
#5 Maintain that M&M will be fastest growing PV company
#6 See a strong jump in sales in coming months, driven by festive demand
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August 16, 2024· 12:23 IST
Sensex Today | BSE Telecom index up 1%; Vindhya Telelink, GTL Infra, Railtel Corp, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Vindhya Telelin | 2,438.00 | 4.96 | 5.85k |
GTL Infra | 2.76 | 3.37 | 71.01m |
Railtel | 475.55 | 2.41 | 63.99k |
INDUS TOWERS | 410.00 | 1.71 | 93.44k |
Tata Comm | 1,858.85 | 1.46 | 2.71k |
OnMobile Global | 76.90 | 1.18 | 35.18k |
ITI | 283.25 | 1.12 | 11.38k |
Tejas Networks | 1,212.00 | 0.92 | 9.02k |
Bharti Airtel | 1,483.40 | 0.79 | 82.32k |
HFCL | 132.25 | 0.61 | 1.52m |
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August 16, 2024· 12:19 IST
Texmaco Rail stock rises as Nuvama reiterates bullish call; analysts see 35% upside
'Texmaco is benefiting from surging railway capex. A potential demerger of the rail EPC business can be a key re-rating trigger,' Nuvama said....Read More
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August 16, 2024· 12:16 IST
Stock Market LIVE Updates | Polyplex Corporation shares gain 7% post Q1 earnings
#1 Profit stands at Rs 97.1 crore Vs loss of Rs 10.3 crore, YoY
#2 Revenue grows 8 percent to Rs 1,685.6 crore Vs Rs 1,560.5 crore, YoY
#3 Other income rises to Rs 25.92 crore Vs Rs 12.42 crore, YoY
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August 16, 2024· 12:10 IST
Stock Market LIVE Updates | Sensex up 1,000 points
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August 16, 2024· 12:07 IST
Stock Market LIVE Updates | Power Mech shares up 2% on order win worth Rs 114.30 crore
The company has received an order worth Rs 114.30 crore from Coastal Energen. The order involves the operation and maintenance of a 1,200 MW (2*600 MW) coal-based thermal power plant, namely Mutiara Thermal Power Plant, owned by Coastal Energen at Melamaruthur, Tamil Nadu, for one year, effective October 1.
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August 16, 2024· 12:01 IST
Markets@12 | Sensex, Nifty up 1% each
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August 16, 2024· 11:58 IST
Sensex Today | Nifty FMCG index up 0.5%; Godrej Consumer, Emami, United Breweries, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
United Brewerie | 1,964.15 | 3.84 | 226.52k |
Godrej Consumer | 1,391.30 | 1.47 | 211.70k |
Emami | 815.75 | 1.35 | 89.32k |
Colgate | 3,513.20 | 1.29 | 215.66k |
Dabur India | 611.90 | 1.24 | 754.49k |
ITC | 496.70 | 0.91 | 4.37m |
P and G | 16,920.25 | 0.84 | 5.47k |
Marico | 654.25 | 0.62 | 593.55k |
Nestle | 2,489.55 | 0.6 | 226.56k |
TATA Cons. Prod | 1,173.00 | 0.47 | 218.16k |
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August 16, 2024· 11:53 IST
Immediate support for Nifty at 24,100: Shrey Jain Founder and CEO SAS Online
Benchmark equity indices are trading higher, buoyed by positive momentum from Wall Street, anticipation of a rate cut by the Federal Reserve in September, and strong US retail sales figures that have alleviated recession fears.
However, we believe the upside potential may be limited, with Nifty unlikely to surpass the 24,500 level. On the downside, 24,100 is expected to provide immediate support. The 24,200 Call strike in Nifty has a notable open interest of around 25 lakh shares, while the 24,200 Put strike shows significant open interest of approximately 20 lakh shares.
Given the current market conditions, we anticipate Bank Nifty will encounter selling pressure at higher levels, with major resistance at 50,500. On the downside, 49,500 is expected to serve as a support level.
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August 16, 2024· 11:46 IST
Brokerage Call | Jefferies keeps 'buy' rating on HAL, target Rs 5,725
#1 Q1 revenue was 3 percent above expectations
#2 EBITDA was lower as margins contracted 440 bps to 22.8 percent
#3 Depreciation was 27 percent lower YoY and contributed to the profit beat
#4 Believe strong order book gives confidence of double-digit growth for 3-5 years
#5 Volatile Margin should pick-up in H2 with revenue delivery
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August 16, 2024· 11:45 IST
Sensex Today | BSE Bank index up nearly 1%; ICICI Bank, Canara Bank, HDFC Bank, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
ICICI Bank | 1,179.50 | 1.49 | 159.21k |
Canara Bank | 107.00 | 1.28 | 9.09m |
HDFC Bank | 1,621.85 | 0.87 | 229.05k |
Kotak Mahindra | 1,761.00 | 0.74 | 45.27k |
Bank of Baroda | 241.05 | 0.69 | 82.00k |
SBI | 808.25 | 0.66 | 199.48k |
Yes Bank | 24.11 | 0.5 | 5.06m |
Axis Bank | 1,155.60 | 0.26 | 51.44k |
IndusInd Bank | 1,341.70 | 0.23 | 27.81k |
Federal Bank | 202.75 | 0.02 | 41.63k |
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August 16, 2024· 11:42 IST
Ola Electric shares rise 15% on first Buy call, foray into electric motorcycles
Despite a conservative stance on EV penetration in India, HSBC believes Ola Electric is 'worth investing in' due to sustained policy support, ability to reduce costs, and a favourable risk-reward profile for the battery venture....Read More
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August 16, 2024· 11:34 IST
Stock Market LIVE Updates | Broader indices outperform benchmarks
Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
---|---|---|---|
NIFTY 50 | 24324.15 0.75 | 11.93 -0.18 | -1.17 24.96 |
NIFTY BANK | 50150.30 0.85 | 3.85 -0.66 | -4.29 14.12 |
NIFTY Midcap 100 | 57219.85 1.19 | 23.90 0.08 | -0.77 51.37 |
NIFTY Smallcap 100 | 18335.55 1.37 | 21.08 -0.41 | -3.81 56.33 |
NIFTY NEXT 50 | 72149.60 0.71 | 35.25 -0.78 | -2.40 63.94 |
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August 16, 2024· 11:28 IST
JNK India shares hit 5% upper circuit on major PSU order win, stock up 18% since April listing
JNK India share price hit the upper price band in August 16 trading session after the heating equipment maker bagged a major order from PSU firm Hindustan Petroleum Corporation Limited (HPLC). The counter opened gap-up with a gain of 3.14 percent today and touched an intraday high of Rs 735 per share on the National Stock Exchange (NSE), hitting the 5 percent upper price band from its previous close of Rs 700 apiece. The scrip gained after two days of consecutive fall. READ MORE
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August 16, 2024· 11:21 IST
SC ruling on royalty negative for mining companies, but impact on profitability likely to be limited: Report
The Supreme Court (SC), earlier this week, allowed state governments to collect mining companies' tax dues pending from April 1, 2005.. While the Supreme Court ruling has been against expectations and sentiment negative, the financial implications and cash flow impact are not expected to be severe for most companies, said Motilal Oswal Financial Services (MOFSL) in a recent report. READ MORE
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August 16, 2024· 11:16 IST
Stock Market LIVE Updates | Nifty Realty index top sectoral performer, gains over 1%
Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
---|---|---|---|
NIFTY AUTO | 25276.75 0.73 | 35.76 -0.28 | -0.81 63.87 |
NIFTY IT | 40432.45 1.76 | 13.85 3.56 | 3.30 29.54 |
NIFTY PHARMA | 21978.55 -0.16 | 30.58 -1.04 | 5.84 42.73 |
NIFTY FMCG | 61357.80 0.09 | 7.67 -1.29 | 1.18 18.42 |
NIFTY PSU BANK | 6809.45 0.52 | 19.18 -2.64 | -8.05 50.36 |
NIFTY METAL | 8891.10 0.53 | 11.45 -1.63 | -8.55 37.12 |
NIFTY REALTY | 1042.15 1.86 | 33.09 1.95 | -7.47 95.36 |
NIFTY ENERGY | 42315.20 0.04 | 26.43 -2.08 | -2.06 59.43 |
NIFTY INFRA | 9047.65 0.24 | 23.88 -1.30 | -3.03 50.39 |
NIFTY MEDIA | 2045.70 1.4 | -14.34 -2.66 | -1.84 -8.91 |
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August 16, 2024· 11:10 IST
Sensex Today | BSE Oil & Gas index gains 0.5%; Oil India, HPCL, Petronet LNG, among major gainers
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August 16, 2024· 11:06 IST
Brokerage Call | Nomura keeps 'buy' rating on Hero MotoCorp, target Rs 5,663
#1 Rural Revival & Xtreme 125 key catalysts
#2 Q1 margin lower, ICE improves but EV drags
#3 EV cost reduction should address this in H2FY25
#5 Trim volume growth estimate to 6 percent for FY25/26F (7 percent earlier)
#5 Trim revenue growth by 2-3 percent on lower ASPs
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August 16, 2024· 11:01 IST
Markets@11 | Nifty at 24250, Sensex up 350 points
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Wipro | 509.00 | 2.8 | 4.53m |
TCS | 4,388.90 | 2.18 | 1.38m |
LTIMindtree | 5,545.15 | 2.17 | 195.11k |
Tata Motors | 1,085.00 | 2.13 | 5.06m |
Hindalco | 633.10 | 1.87 | 3.07m |
M&M | 2,796.45 | 1.87 | 2.17m |
Shriram Finance | 2,948.20 | 1.83 | 433.38k |
Apollo Hospital | 6,622.00 | 1.63 | 343.01k |
Tech Mahindra | 1,543.35 | 1.24 | 804.64k |
HCL Tech | 1,645.95 | 1.22 | 1.13m |
Company | CMP | Chg(%) | Volume |
---|---|---|---|
HDFC Life | 674.50 | -1.73 | 2.49m |
SBI Life Insura | 1,677.70 | -0.85 | 212.56k |
Maruti Suzuki | 12,129.75 | -0.62 | 168.40k |
Asian Paints | 3,007.85 | -0.59 | 203.60k |
Hero Motocorp | 5,044.85 | -0.54 | 265.75k |
Power Grid Corp | 331.90 | -0.48 | 4.48m |
Titan Company | 3,387.30 | -0.44 | 311.32k |
Bajaj Auto | 9,711.65 | -0.39 | 84.76k |
NTPC | 394.95 | -0.35 | 4.97m |
Divis Labs | 4,645.70 | -0.35 | 194.16k |
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August 16, 2024· 10:59 IST
Sensex Today | Nifty PSU Bank index up 0.6%; Indian Bank, Canara Bank, IOB, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Indian Bank | 560.65 | 1.87 | 205.26k |
Canara Bank | 106.88 | 1.16 | 6.48m |
IOB | 60.40 | 1.16 | 2.33m |
Central Bank | 57.75 | 1.1 | 1.37m |
Bank of India | 116.03 | 1.08 | 1.12m |
UCO Bank | 50.23 | 0.99 | 1.32m |
JK Bank | 108.87 | 0.79 | 966.17k |
Bank of Mah | 60.98 | 0.71 | 2.23m |
Punjab & Sind | 57.85 | 0.66 | 456.73k |
Bank of Baroda | 240.95 | 0.63 | 2.69m |
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August 16, 2024· 10:55 IST
Stock Market LIVE Updates | Dhanuka Agritech stock trades ex-buyback
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August 16, 2024· 10:51 IST
Brokerage Call | Nomura maintains 'buy' rating on M&M, target Rs 3,417
#1 Thar Roxx launched at Rs 12.99 lakh onwards; potential to redefine urban SUVs
#2 Appreciate consistency with which MM has come out with successful launches
#3 Every single launch, even the facelifts & variants show a lot of effort
#4 Not merely an extension of the 3-door Thar but is substantially improved in many areas
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August 16, 2024· 10:46 IST
Weak Q1 weighs on SpiceJet, Ajay Singh plans Rs 3,000 crore QIP
In response to shrinking profitability, the budget carrier has planned to raise Rs 3,000 crore through a qualified institutional placement by next month....Read More
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August 16, 2024· 10:43 IST
Sensex Today | Nifty Media index up 1.3%; PVR Inox, Jagran Prakashan, Zee Entertainment, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
PVR INOX | 1,486.05 | 3.71 | 592.84k |
JagranPrakashan | 90.20 | 1.22 | 107.38k |
Zee Entertain | 135.00 | 0.81 | 2.21m |
Network 18 | 94.61 | 0.81 | 1.34m |
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August 16, 2024· 10:41 IST
Brokerage Call | Jefferies keeps 'buy' rating on GMR Airports, target raises to Rs 106
#1 Q1 EBITDA ahead of estimate on 8 percent growth in pax traffic
#2 Q1 saw growth in non-aero and subsidiary revenue
#3 Company recently announced completion of simplification of holding structure, re-opening of T1 At DIAL (new terminal)
#4 New tariff at DIAL is expected by Q4FY25
#5 Company is focussed on growing non-aero business
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August 16, 2024· 10:35 IST
Sensex Today | 1.21 million shares of Devyani International change hands in a block: Bloomberg
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August 16, 2024· 10:34 IST
Sensex Today | BSE Smallcap index up 1%; Kitex Garments, RHI Magnesita, Suprajit Engineering among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
RHI Magnesita | 656.35 | 10.95 | 129.24k |
Suprajit Eng | 591.55 | 9.8 | 107.56k |
Kitex Garments | 314.35 | 9.49 | 505.48k |
Suven Life Sci | 141.00 | 8.8 | 90.11k |
Jindal PolyFilm | 812.65 | 8.8 | 18.02k |
Polyplex Corp | 1,290.00 | 8.76 | 148.74k |
Gravita India | 2,118.90 | 8.65 | 48.89k |
Uflex | 606.80 | 7.88 | 26.48k |
Subros | 738.65 | 7.65 | 29.67k |
TD Power System | 438.20 | 7.28 | 158.13k |
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August 16, 2024· 10:32 IST
Stock Market LIVE Updates | Hinduja Global Solutions shares trade lower post Q1 results
#1 Loss stands at Rs 57 crore Vs Profit at Rs 16.64 crore, YoY
#2 Revenue falls 3.7 percent to Rs 1,091.9 crore Vs Rs 1,133.5 crore, YoY
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August 16, 2024· 10:27 IST
Sensex Today | Nifty50 index falls 110 points from day's high
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August 16, 2024· 10:26 IST
Stock Market LIVE Updates | BSE Sensex falls 400 points day's high
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August 16, 2024· 10:23 IST
Despite challenges, midcaps & smallcaps improve debt servicing ability in June quarter
An analysis of 92 companies from BSE Midcap index and another 856 from BSE Smallcap index revealed that ICR - an indicator of a company's ability to pay interest on debt from earnings - reached a multi-year high in June quarter....Read More
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August 16, 2024· 10:20 IST
Stock Market LIVE Updates | KNR Constructions shares gain post Q1 earnings
#1 Profit jumps 24.6 percent to Rs 166 crore Vs Rs 133.2 crore on strong operating numbers, YoY
#2 Revenue rises 0.4 percent to Rs 985 crore Vs Rs 981 crore, YoY
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August 16, 2024· 10:16 IST
Stock Market LIVE Updates | Cera Sanitaryware stock trades ex-buyback
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August 16, 2024· 10:08 IST
Mid and smallcaps reduced debt, lowered interest cost in June quarter
An analysis of 92 companies from BSE Midcap index and another 856 from BSE Smallcap index revealed that ICR - an indicator of a company's ability to pay interest on debt from earnings - reached a multi-year high in June quarter....Read More
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August 16, 2024· 10:04 IST
Stock Market LIVE Updates | A F Enterprises trades ex-rights
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August 16, 2024· 10:01 IST
Markets@10 | Sensex up 480 points, Nifty at 24300
Company | CMP | Chg(%) | Volume |
---|---|---|---|
LTIMindtree | 5,589.00 | 2.97 | 132.00k |
Apollo Hospital | 6,699.50 | 2.82 | 229.05k |
M&M | 2,812.05 | 2.43 | 1.60m |
TCS | 4,394.95 | 2.32 | 935.33k |
Wipro | 506.00 | 2.19 | 2.30m |
Tata Motors | 1,084.45 | 2.08 | 3.57m |
Grasim | 2,561.75 | 1.96 | 98.86k |
Hindalco | 632.75 | 1.82 | 2.27m |
Shriram Finance | 2,943.35 | 1.67 | 204.21k |
BPCL | 330.40 | 1.65 | 2.38m |
Company | CMP | Chg(%) | Volume |
---|---|---|---|
HDFC Life | 675.75 | -1.54 | 1.71m |
SBI Life Insura | 1,677.90 | -0.84 | 99.64k |
Titan Company | 3,387.45 | -0.43 | 194.83k |
Asian Paints | 3,015.60 | -0.34 | 125.08k |
Sun Pharma | 1,735.95 | -0.33 | 215.66k |
NTPC | 395.20 | -0.29 | 2.31m |
Bajaj Finance | 6,440.15 | -0.28 | 174.16k |
Power Grid Corp | 332.80 | -0.21 | 2.98m |
Bharti Airtel | 1,468.90 | -0.19 | 1.64m |
Dr Reddys Labs | 6,796.00 | -0.07 | 71.11k |
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August 16, 2024· 09:59 IST
Sensex Today | Aurobindo Pharma Eugia’s Unit-III gets warning letter from USFDA
The company has informed that Unit-III, a Formulationmanufacturing facility of Eugia Pharma Specialities Ltd., a wholly owned subsidiary of the company, receiving Official Action Indicated (OAI) status by the US FDA.
Subsequent to OAI, the unit has received a Warning Letter. There is no impact on the existing supplies to the US markets.
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August 16, 2024· 09:57 IST
Sensex Today | BSE Telecom index up 0.5%; Vindhya Telelink, Railtel Corporation, Tata Comm, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Vindhya Telelin | 2,385.50 | 2.7 | 2.18k |
Railtel | 476.15 | 2.54 | 37.97k |
Tata Comm | 1,861.55 | 1.61 | 1.08k |
Avantel | 180.75 | 1.32 | 86.14k |
Optiemus Infra | 495.75 | 1.14 | 9.34k |
INDUS TOWERS | 407.60 | 1.12 | 47.46k |
Tejas Networks | 1,212.90 | 1 | 2.97k |
ITI | 282.80 | 0.96 | 6.00k |
HFCL | 132.45 | 0.76 | 827.94k |
GTL Infra | 2.69 | 0.75 | 6.58m |
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August 16, 2024· 09:54 IST
Morgan Stanley remains bullish on Zomato; says market leadership crucial for food aggregator
Zomato's quick commerce arm Blinkit has also become a bright spot for Zomato. The implied value of Blinkit is now larger than that of Zomato’s core business (food delivery), according to a Goldman Sachs note....Read More
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August 16, 2024· 09:50 IST
Sensex Today | Coal India, Power Grid Corporation of India, Apollo Hospitals, among others trade ex-dividend
Coal India, Power Grid Corporation of India, Apollo Hospitals Enterprise, Astral, Bata India, Macrotech Developers, Abirami Financial Services, Alkali Metals, Anuh Pharma, Bella Casa Fashion & Retail, Bharti Hexacom, Bharat Highways InvIT, Capital Small Finance Bank, Cochin Minerals & Rutile, Comfort Fincap, Comfort Intech, Compucom Software, Container Corporation of India, Elcid Investments, Electrosteel Castings, Elixir Capital, Gland Pharma, Godrej Consumer Products, Godawari Power & Ispat, KK Shah Hospitals, NGL Fine-Chem, National Highways Infra Trust, NR Agarwal Industries, Page Industries, Premco Global, Ram Ratna Wires, Rossari Biotech, Steelcast, Thomas Cook, Thyrocare Technologies, Transindia Real Estate
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August 16, 2024· 09:47 IST
Sensex Today | BSE Auto index rises 1%; M&M, Tata Motors, Bosch, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
M&M | 2,832.90 | 3.17 | 89.64k |
Tata Motors | 1,086.00 | 2.26 | 138.01k |
Bosch | 31,580.00 | 1.91 | 43 |
Ashok Leyland | 250.75 | 1.74 | 118.07k |
Eicher Motors | 4,794.50 | 1.31 | 503 |
Tube Investment | 3,972.55 | 1.18 | 1.22k |
Balkrishna Ind | 2,801.45 | 0.76 | 480 |
Maruti Suzuki | 12,291.45 | 0.75 | 2.00k |
Bajaj Auto | 9,820.00 | 0.73 | 970 |
MOTHERSON | 185.50 | 0.54 | 61.80k |
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August 16, 2024· 09:45 IST
Stock Market LIVE Updates | Power Mech Projects bags order worth Rs 114.30 crore
The company has received an order worth Rs 114.30 crore from Coastal Energen. The order involves the operation and maintenance of a 1,200 MW (2*600 MW) coal-based thermal power plant, namely Mutiara Thermal Power Plant, owned by Coastal Energen at Melamaruthur, Tamil Nadu, for one year, effective October 1.
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August 16, 2024· 09:42 IST
Sensex Today | BSE Realty index up 2%; DLF, Prestige Estate, Godrej Properties, among major gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
DLF | 853.40 | 3.85 | 44.25k |
Godrej Prop | 2,932.65 | 2.17 | 1.43k |
Prestige Estate | 1,826.35 | 2.11 | 8.72k |
Oberoi Realty | 1,745.00 | 1.7 | 2.53k |
Brigade Ent | 1,137.55 | 1.45 | 1.24k |
Macrotech Dev | 1,304.30 | 1.4 | 7.64k |
Sobha | 1,712.85 | 0.93 | 1.01k |
Swan Energy | 676.60 | 0.65 | 19.28k |
Mahindra Life | 589.80 | 0.35 | 1.87k |
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August 16, 2024· 09:39 IST
Sensex Today | 7.8% equity of Electronics Mart India change hands in a block: Bloomberg
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August 16, 2024· 09:37 IST
Stock Market LIVE Updates | Tata Steel acquires 115.92 crore ordinary equity shares of subsidiary
The company has acquired 115.92 crore ordinary equity shares of its subsidiary, T Steel Holdings Pte, for $182 million (Rs 1,528.24 crore). Post this acquisition, T Steel Holdings Pte will continue to be a wholly owned subsidiary of the company.
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August 16, 2024· 09:34 IST
Sensex Today | SpiceJet Q1 net profit at Rs 158.6 crore
SpiceJet Ltd stayed in the black in the first quarter of 2024-25 with a net profit of Rs 158.6 crore for the April-June period. The profit, however, was 19.7 percent lower than the Rs 197.53 crore reported in the year-ago period, the airlines said on August 14.
Its revenue came in at Rs 1,708.24 crore, down 14.7 percent on year from Rs 2,003.5 crore in the year-ago quarter as the airline decided to reduce the scale of its operations.
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August 16, 2024· 09:32 IST
Sensex Today | Nifty Bank index gains 1%; IDFC First Bank, ICICI Bank, Bank of Baroda, among major contributors
Company | CMP | Chg(%) | Volume |
---|---|---|---|
IDFC First Bank | 71.80 | 1.7 | 4.46m |
Bank of Baroda | 243.15 | 1.55 | 974.91k |
ICICI Bank | 1,179.40 | 1.53 | 1.47m |
IndusInd Bank | 1,354.90 | 1.26 | 566.01k |
AU Small Financ | 609.65 | 1.09 | 93.31k |
Axis Bank | 1,163.90 | 0.94 | 812.17k |
HDFC Bank | 1,622.20 | 0.9 | 2.62m |
Kotak Mahindra | 1,761.00 | 0.75 | 259.74k |
SBI | 808.60 | 0.7 | 1.35m |
Bandhan Bank | 190.91 | 0.48 | 1.39m |
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August 16, 2024· 09:30 IST
Sensex Today | Bheema Cements, Rapid Investments, among others to announce results today
Bheema Cements, Rapid Investments, Sharanam Infraproject and Trading, and Shri Venkatesh Refineries will release their quarterly earnings scorecard on August 16.
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August 16, 2024· 09:29 IST
Stock Market LIVE Updates | HDFC Life Insurance gets GST tax demand order of Rs 112.21 crore
HDFC Life Insurance Company has received GST Order from Commercial Tax Officer, Ward 8, Chandigarh on August 14, 2024 with tax demand of Rs 56.73 crore, interest of Rs 49.80 crore and penalty of Rs 5.68 crore.
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August 16, 2024· 09:27 IST
Brokerage Call | HSBC initiates 'buy' rating on Ola Electric, target Rs 140
#1 Despite conservative view on EV penetration in India along with other uncertainties
#2 Believe Ola is worth investing in given sustained regulatory support
#3 Ola’s has the ability to reduce costs, with positive risk-reward in its battery venture
#4 Slower penetration of e2-wheelers & battery plant issues are key downside risks
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August 16, 2024· 09:25 IST
Stock Market LIVE Updates | Jio Financial incorporates subsidiary to distribute financial products
Jio Financial Services has incorporated a wholly owned subsidiary named Jio Finance Platform and Service to carry on the business of distribution of financial products and allied services.
The company will invest an amount of Rs 1 Lakh towards initial subscription of 10,000 equity shares of face value Rs 10 each.
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August 16, 2024· 09:23 IST
Sensex Today | Nifty Information Technology index up 1.5%; MphasiS, Persistent Systems, L&T Technology Services top gainers
Company | CMP | Chg(%) | Volume |
---|---|---|---|
MphasiS | 2,810.25 | 3.36 | 62.42k |
Persistent | 4,923.55 | 3.35 | 89.72k |
L&T Technology | 5,057.60 | 2.86 | 32.83k |
COFORGE LTD. | 6,025.00 | 2.64 | 30.25k |
LTIMindtree | 5,531.70 | 1.92 | 24.62k |
Tech Mahindra | 1,552.40 | 1.84 | 300.03k |
TCS | 4,360.90 | 1.53 | 242.65k |
HCL Tech | 1,646.60 | 1.26 | 284.96k |
Wipro | 501.10 | 1.2 | 450.27k |
Infosys | 1,839.30 | 0.88 | 1.14m |
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August 16, 2024· 09:22 IST
Stock Market LIVE Updates | Promoter Vedanta to sell 3.17% stake in Hindustan Zinc
Promoter Vedanta will be selling a 3.17% stake in Hindustan Zinc through an offer-for-sale (OFS) from August 16-19. The OFS will have a base size of 1.22% with an option to sell an additional 1.95% stake in case of oversubscription. The floor price has been fixed at Rs 486 per share.
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August 16, 2024· 09:20 IST
Sensex Today | Gainers and Losers on the BSE Sensex in the early trade: