Indian markets extended their winning streak for the third consecutive day on July 16, driven by gains in realty stocks. At close, the Sensex was up 51 points or 0.06 percent at 80,716 and the Nifty was up 26 points or 0.1 percent at 24,613. About 1,936 shares advanced, 1,828 shares declined, and 89 shares remained unchanged.
2/11
Century Textiles | CMP: Rs 2,207 | Shares soared 5 percent, a day after its wholly-owned subsidiary- Birla Estates acquired a 5-acre land parcel in Gurugram. The land parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over Rs 1,400 crore, the company stated.
3/11
Bharti Hexacom | CMP: Rs 1,144 | Shares surged over 7 percent after global brokerage JPMorgan initiated coverage on the stock with an 'overweight' tag. The brokerage assigned a price target of Rs 1,280 for the stock, foreseeing a 20 percent upside potential from the previous closing level. JPMorgan also called Bharti Hexacom the best pure-play in the Indian market for communication solutions. "Bharti Hexacom is the best play on market repair thesis, given its presence in wireless as compared to Bharti Airtel and Vodafone Idea," JPMorgan stated.
4/11
Hatsun Agro Products | CMP: Rs 1,243.30 | Shares soared nearly 5 percent after the dairy company posted quarterly numbers that were strong on all key parameters. The company's net profit for the April-June quarter soared 62.9 percent year-on-year to Rs 130.5 crore while revenue jumped over 10 percent on year to Rs 2,375 crore. Its EBITDA margin expanded to 13.90 percent in the quarter under review, as against 11.0 percent in the same period last year.
Garden Reach Shipbuilders | CMP: Rs 2,5,75 | Shares rose over 3 percent after the company bagged an order worth Rs 840 crore from the National Centre for Polar and Ocean Research (NCPOR).
6/11
Unichem Laboratories | CMP: Rs 532 | Shares fell as much as 0.6 percent after US FDA issued five observations to its Goa plant.
7/11
Angel One | CMP: Rs 2,248,80 | Shares fell over 2 percent after the company reported that its margin slipped by 560 basis points (bps) on a sequential basis.
8/11
One97 Communications | CMP: Rs 458.10 | Shares fell 2.5 percent after the Vijay Shekhar Sharma-led company said it received an administrative warning from SEBI over related-party transactions it entered into with Paytm Payments Bank (PPBL) in FY22, without due approval of either the audit committee or the shareholders.
DEN Networks | CMP: Rs 54.37 | Shares fell nearly 3 percent after its revenue from operations dipped 9.4 percent to Rs 247.5 crore, while EBITDA fell 9.1 percent to Rs 28.1 crore in Q1FY25, compared to the same period last year.
10/11
Coal India | CMP: Rs 512.80 | Shares rose 3 percent after brokerage firm PhillipCapital initiated coverage on the stock with a price target of Rs 611.
11/11
Railway stocks | Stocks such as Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), Ircon International, NBCC (India), RailTel Corporation of India, and Texmaco Rail & Engineering were in focus ahead of the Union Budget, which will be presented on July 23.
![Bharti Hexacom | CMP: Rs xxx | Shares surged percent after global brokerage JPMorgan initiated coverage on the stock with an 'overweight' tag. The brokerage assigned a price target of Rs 1,280 for the stock, foreseeing a 20 percent upside potential from the previous closing level. JPMorgan also called Bharti Hexacom the best pure-play in the Indian market for communication solutions. "Bharti Hexacom is the best play on market repair thesis, given its presence in wireless as compared to Bharti Airtel and Vodafone Idea," JPMorgan stated.](https://images.moneycontrol.com/static-mcnews/2020/12/FotoJet.jpg "Bharti Hexacom | CMP: Rs xxx | Shares surged percent after global brokerage JPMorgan initiated coverage on the stock with an 'overweight' tag. The brokerage assigned a price target of Rs 1,280 for the stock, foreseeing a 20 percent upside potential from the previous closing level. JPMorgan also called Bharti Hexacom the best pure-play in the Indian market for communication solutions. "Bharti Hexacom is the best play on market repair thesis, given its presence in wireless as compared to Bharti Airtel and Vodafone Idea," JPMorgan stated.")
