Markets / Business Today
Adani Enterprises share price: The stock was last seen trading 20.23 per cent lower at Rs 2,249.80. At this price, it has fallen 27.79 per cent in the past six months.
Gautam Adani-led Group stocks bled up to 20 per cent during the trading session on Thursday with a number of these high beta counters hitting lower circuits for the day.
On Maharashtra elections, JM Financial said exit polls -- based on the average of 9 polling agencies suggested a majority for the incumbent Maha Yuti with a majority of 150 seats. Maha Vikas Aghadi is expected to trail at 125 seats, it said.
Adani Energy Solutions Ltd tumbled 20 per cent to hit its lower circuit limit at Rs 697.70. Adani Green Energy Ltd plunged 17.97 per cent at Rs 1,158. Adani Power shares sank 13.77 per cent at Rs 451.95.
Indian benchmark indices opened lower on Thursday following the Maharashtra election exit polls, wherein BJP-led 'Mahayuti' alliance is signalled to get a clear majority and Adani Group news.
GQG has investments in Adani Green Energy, Adani Energy Solutions, Adani Power, Ambuja Cements and Adani Ports among Adani group companies.
Adani Green raised more than $175 million from US investors and Azure Powers stock was traded on the New York Stock Exchange during the alleged bribery scheme, SEC said in a statement.
IHCL target price: Nirmal Bang maintained its 'Buy' with a revised target price of Rs 860 against Rs 790 earlier after rolling forward valuation its earnings projections to December 2026, using SoTP valuation methodology.
Stocks including Adani Group stocks, Dr Reddy's Labs, Wipro, JSW Steel, Airtel, GRSE, Power Grid, UPL, Tata Power, RITES, NLC India more will be in the spotlight on Thursday, November 21.
Adani stocks: Adani Enterprises is down 6 per cent in the past one month against a 4.49 per cent drop in the BSE Sensex. Adani Power plunged 14.29 per cent while Adani Energy Solutions tanked 16.53 per cent during the same period.
An analyst from Master Capital said that Indian Hotels shows a strong bullish momentum as the price has recently broken above previous highs, indicating renewed buying interest.
An analyst from Swastika Investmart said that ICICI Bank is currently on the back foot as the stock is exhibiting a bearish trend with a pattern of consecutive lower lows and lower highs.
Analysts highlight increased competition as a reason, say growth drivers in place in the long term
HDFC Bank stock: Nirmal Bang said while the higher deposit growth is likely to impact net interest income (NII) growth in the near term, it is positive on HDFC Bank for the long term.
Shares of Eicher Motors gained nearly 2 per cent to settle at Rs 4,964.70 on Tuesday, commanding a total market capitalization of 1.36 lakh crore.
Listed in June 2018, shares of RITES settled at Rs 274.70 on Tuesday, rising 1.53 per cent for the day, commanding a total market capitalization above Rs 13,200 crore.
Waaree Energies share price: The stock on Tuesday settled 6.93 per cent lower at Rs 2,899.45. At this closing value, it has slipped 22.49 per cent from its all-time high value of Rs 3,740.75, a level seen earlier this month on November 6.
Titan Company Ltd, Concord Biotech, Star Health and Allied Insurance Ltd, Tata Motors and Metro Brands, Jhunjhunwala's top five stocks in terms of value of investments, fell 6-24 per cent since September quarter.
The multibagger stock closed 0.56% higher at Rs 190.10 against the close of Rs 189.05 on November 18 on BSE. Market cap of the firm rose to Rs 24,785 crore.
At 77,578.38, the BSE Sensex is down 8,399.87 points, or 9.76 per cent over its all-time high of 85,978.25 hit on September 27. Nifty at 23,518.50 is down 2,758.85 points, or 10.50 per cent, over its record high of 26,277.35.
Last month, the capital markets regulator made at least sixchanges in a single go to strengthen the equity futures & options (F&O) segment and half of these will come into effect starting today.
Suzlon Energy stock closed 4.97% higher at Rs 62.35 on BSE. The renewable energy stock touched an intra day high of Rs 62.37 on Tuesday.
Share of Global Health Ltd settled at Rs 1086.40 on Tuesday, rising nearly half a per cent for the day with total market capitalization slightly below Rs 30,000 crore.
Zomato share price today: The multibagger stock is trading near its 52 week high of Rs 298.20 reached on September 24, 2024. It has gained 304% in two years and risen 122.10% in a year.
The closure extends to the commodity derivatives and electronic gold receipts (EGR) segments during the morning session (9:00 a.m. to 5:00 p.m.), though these segments will reopen for evening trading from 5:00 p.m. to 11:55 p.m.
The market regulator also proposed changes to allocation methodology for non-institutional investor in SME IPOs.
Tata Technologies shares closed 0.73% higher at Rs 948.40 against the previous close of Rs 941.50 on BSE. Market cap of the firm rose to Rs 38,473 crore.
The brokerage sees the Nifty50 index at the 26,500-mark by September 2025, indicating an upside of more than 10% against the current level of 23,721.
The BSE Sensex, which recently hit a high of 85,000, has pulled back to around 77,500, marking a steady decline over recent trading sessions. Yet, despite this pullback, retail engagement remains robust.
Cochin Shipyard share price today: The multibagger stock is amid a major bearish trend as it is trading lower than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day ,200 day but higher than the 5 day moving averages.
India is a $5.14 trillion stock market. Its share in global market capitalisation jumped to 4.3 per cent this month from the low of 1.6 per cent in 2013, making it the second highest among emerging markets.
Delhi-based NTPC Green Energy is selling its shares in the price band of Rs 102-108 apiece. Investors can apply for a minimum of 138 shares and its multiples thereafter.
Stock exchanges will be shut on Wednesday on account of elections in Maharashtra. Voting will begin from 7 am in Maharashtra's 288 assembly constituencies.
Bajaj Auto stock: In a year, the stock has gained 72 per cent and risen 44 per cent in 2024. Total 3579 shares of the firm changed hands amounting to a turnover of Rs 3.44 crore on BSE.
Shares of PG Electroplast rallied more than 15 per cent to Rs 718.35, hitting its new 52-week highs, commanding a total market capitalization of more than 18,000 crore.
Suzlon Energy shares were locked at their 5 per cent upper circuit limit at Rs 62.37. With this, the scrip has jumped 15.43 per cent in three sessions.
The multibagger stock also hit upper circuit of 5% for the third session, boosting hopes of recovery in the green energy scrip.
Honasa Consumershares: The stock fell 17.98 per cent to hit a low of Rs 242.60. With this, the stock is down 34.70 per cent in two sessions.
ZEE Entertainment had in Q2 showed string cost control, resulting in a 16.2 per cent Ebitda margin, up 250 basis points YoY. This was in line with its guidance of 18-20 per cent margin in the near term.
Tata Motors share price today: The large cap stock has also turned weak, trading below the Rs 800 mark for the fifth consecutive session.In fact, the Tata Group stock is oversold on charts, signals its RSI which stands at 22.14.
Delhi-based NTPC Green Energy is selling its shares in the price band of Rs 102-108 apiece. Investors can apply for a minimum of 138 shares and its multiples thereafter.
Zinka Logistics Solution sold its shares in the price band of Rs 259-273 apiece, which could apply for a minimum of 54 shares and its multiples thereafter to raise a total of Rs 1,114.72 crore.
Infosys, Reliance Industries, HDFC Bank, Mahindra & Mahindra and Tata Consultancy Services (TCS) contributed most to the Sensex rise today. Tata Motors and M&M rose over 2 per cent each and led the Sensex gainers.
Suzlon Energy shares are down 15.88 per cent in the past one month. Despite this, the stock is up 54.37 per cent in 2024 so far. On Monday, the scrip closed at Rs 59.40 apiece.
Waaree Energies stock closed 6.81% higher at Rs 3115 on Monday against the previous close of Rs 2916.60. On an intra day basis, the stock climbed to Rs 3185.90 on BSE.
The multibagger stock closed on a flat note at Rs 291.25 on Monday against the previous close of Rs 292.20 on BSE. Total 7.11 lakh shares of the firm changed hands amounting to a turnover of Rs 20.54 crore.
Stocks including Waaree Energies, GMR Airports Infra, AstraZeneca Pharma, Indus Towers, Ashoka Buildcon, ITI, GVK Power and more will be in the spotlight on Tuesday, November 19.
While Zomato currently holds the lead in food delivery and quick commerce businesses, MOFSL said Swiggys all-in-one app strategy enables strong cross-utilisation across services and better operational efficiency.
An analyst from LKP Securities said that Infosys has fallen from the recent consolidation on the daily chart, suggesting a rise in bearishness and the stock price has fallen below 21EMA.
Cochin Shipyard shares will turn ex-dividend on Tuesday. The defence PSU had announced an interim dividend of Rs 4 per share. Tuesday is also the record date for the purpose of determining eligible Cochin Shipyard shareholders.