Jammu & kashmir / Business Today
The domestic indices settled slightly lower in the previous session as metals, IT, PSU banks and financials dragged. The 30-share BSE Sensex pack fell 67 points or 0.09 per cent to settle at 78,473, while the broader NSE Nifty index moved 26 points or 0.11 per cent down to close at 23,728.
The inspection was concluded, and the Facility received an official notification on December 24, 2024, citing 10 observations. Cenexi is committed to working closely with the ANSM to address the Observations and will provide further updates to the exchanges as they become available, Gland Pharma stated.
Suzlon shares on Tuesday settled 1.49 per cent lower at Rs 64.82. At this closing price, it has delivered 68.45 per cent returns to investors on a year-to-date (YTD) basis compared to an 8.58 per cent rise in benchmark BSE Sensex during the same period.
With geopolitical and economic risks expected to influence the Indian stock market in the coming year, a cautious approach is advisable, Ravi Singh told Business Today.
Stock market holiday: On Friday, the 30-share BSE Sensex pack fell 67 points or 0.09 per cent to settle at 78,473, while the broader NSE Nifty index moved 26 points or 0.11 per cent down to close at 23,728.
One Mobikwik Systems share price today: The fintech stock closed 14.94% higher at Rs 609.15 against the previous close of Rs 529.95 on BSE
The multibagger stock has gained 27% in a year and risen 26.35% in 2024. It zoomed 143% in two years and gained 460% in three years.
Defence stocks: Elara suggested 'Buy' ratings on Hindustan Aeronautics Ltd (target price: Rs 5,465) and Bharat Electronics Ltd (target price: Rs 345).
Vedanta stock slipped 3.28% at Rs 457.55 against the previous close of Rs 473.10 on BSE. Market cap of the firm fell to Rs 1.81 lakh crore.
Sanghavi talks about investment themes to bet on, and more
Check the subscription status and GMPs for three IPOs- Ventive Hospitality, Senores Pharma, Carraro India- on the last day of the bidding.
HCC shares fell 4.2 per cent to hit a low of Rs 39.21 on BSE. The stock is still up 40.86 per cent in 2024 so far.
Amber Enterprises shares climbed 8.81% to a fresh high of Rs 7498.95 against the previous close of Rs 6891.10 on BSE.
ITC shares rose 1% to Rs 479.95 in the current session against the previous close of Rs 474.20 on BSE.
Silvassa-based Sanathan Textiles sold its shares in the price band of Rs 305-321 apiece, whichcould be applied for a minimum of 46 shares and its multiples to raise Rs 550 crore.
Tata Investment shares: The Tata stock climbed 11.83 per cent to hit a high of Rs 7,305 on BSE. It hit a 52-week high of Rs 9,744.40 and low of 4,170. The scrip has jumped 70.43 per cent in 2024 so far and 276 per cent in the past two years.
Despite the stock volatility following Hindenburgs fresh allegations in November 2024, Adani Energy Solutions demonstrated resilience, supported by robust fundamentals and operational strength, Ventura Securities said.
BEL shares closed 1.15% higher at Rs 294.25 on BSE. Market cap of the firm stood at Rs 2.15 lakh crore.
DAM Capital Advisors sold its shares in the price band of Rs 269-283 apiece, which could apply for a minimum of 53 shares and its multiples thereafter to raise a total of Rs 840.25 crore.
Adani Enterprises stock ended 0.13% lower at Rs 2341.95 on Monday. Market cap of the firm stood at Rs 2.70 lakh crore on BSE.
Defence stocks 2025: PhillipCapital said it maintained a positive outlook on the defence sector, favouring stocks with favourable risk-reward profiles such as BEL, HAL and Data Patterns.
An analyst from Anand Rathi said that BEL has shown a shift in momentum by forming a structure of higher highs and higher lows after a consolidation phase of nearly three months, indicating a reversal.
Stocks including Whirlpool of India, Dr Reddy's Labs, TVS Motor, Bharat Forge, HG Infra, Ramky Infra, Allcargo Gati and more will be in the spotlight on Tuesday, December 24.
Vedanta shares are up 84 per cent in 2024 so far. The stock currently trades at 5.1 times Vedanta's estimated FY26 EV/Ebitda.
Bajaj Broking expects the HUDCO stock to head higher towards Rs 314 level in the coming quarters, which is the 80 per cent retracement of the last decline from Rs 353 to Rs 192.
Tata Technologies share price today: The stock of Tata Groups global engineering services firm fell below the Rs 900 mark for the second straight session today.
The initial public offering on Solar91 Cleartech was put on hold by BSE Ltd (formerly known as the Bombay Stock Exchange) on Monday, December 23.
Finance Minister Nirmala Sitharaman will present her eighth Union Budget on February 1 next year.
At least 35 small cap firms on Dalal Street witnessed more than 10 times rise in their market capitalisation in the ongoing calendar year till November 21.
Check the subscription status and GMPS for three IPOs- Ventive Hospitality, Senores Pharma, Carraro India- on the second day of the bidding.
The stock rose 5% to Rs 111.75 against the previous close of Rs 106.45 on NSE. Market cap of the firm climbed to Rs 86.13 crore.
Check the bidding for five IPOs- DAM Capital Advisors, Mamata Machinery, Concord Enviro, Transrail Lighting and Sanathan Textiles- on the last day of the bidding.
The demat accounts hit the 15 crore level in FY24. Out of this, 9.2 crore were unique investors on NSE as compared with a paltry 2.2 crore in FY14.
IPO-bound Standard Glass Lining Technology has raised Rs 40 crore via pre-IPO funding from Amansa Investments.
Market rally today: Sensex climbed 781 pts to 78,822 and Nifty rose 258 points to 23,845 in early deals.
Shares of JSW Steel surged about 3.4 per cent to Rs 949.50 on Monday, with its total market capitalization nearing Rs 2.35 lakh crore mark.
In the case of Dr Reddy's Labs, Axis Securities said the stock has broke out of the 'Falling Channel' pattern at the Rs 1,288 level on the weekly chart and is being supported by a strong bullish candle.
V-Guard Industries manufactures consumer electrical and electronics products. Its product range. It boasts strong cash flows from operations, said SMC Global Securities.
Tata Group shares have delivered negative returns of -8% this year. On a yearly basis, the stock clocked flat returns of 0.64%.
Shares of JSW Steel climbed 3.21 per cent to hit a high of Rs 947.95. The Tata Steel stock gained 2.09 per cent to Rs 143.80.
Mumbai-based Identical Brains Studios sold its SME IPO in the price band of Rs 51-54 per share with a lot size of 2,000 shares, which was open for bidding between December 18-20.
Unimech Aerospace is offering shares in the price band of Rs 745-785 apiece which can be applied for a minimum of 19 shares and its multiples to raise Rs 500 crore.
Sensex climbed 624.70 points or 0.80 per cent to 78,666.29. Nifty stood at 23,740.60, up 153.10 points or 0.65 per cent. The BSE market capitalisation rose Rs 87,765 crore to Rs 4,41,86,982 crore.
Securities and Exchange Board of India (Sebi) has suspended trading in shares of Bharat Global Developers until further orders as it issues an interim order against the company and 47 noticees.
India Cements shares climbed 11 per cent to hit a high of Rs 376.30 on BSE. UltraTech Cement, on the other hand, rose 1.14 per cent to Rs 11,555 level at open.
The multibagger defence stock closed 6.22% lower to Rs 4725.55 on Friday against the previous close of Rs 5039.20.
On Friday, the IT stock hit its record high of Rs 9798.60. Later, the stock saw profit-booking and closed 2.99% lower at Rs 9369.55 on BSE.
Vakrangee stock closed 2.09% higher at Rs 32.78 on Friday against the previous close of Rs 32.11 on BSE. Market cap of the firm stood at Rs 3533.15 crore.
Antique Stock Broking said the volume growth for JSPL has been constrained by the availability of metallic, which would be resolved by the 3.3 mtpa Angul crude steel expansion and BOF-II commissioning.
MOFSL said selective approach for HVDC projects and weak inflow for ex-Energy segments may weigh on near term performance of Siemens. This would start recovering when private and government capex revives, it said.