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-The local currency settled 4 paise lower at 83.21 against the U.S dollar on Friday.
-It closed at 83.17 on Thursday.
Source: Cogencis
Zomato made a comeback after 2022 mayhem was up 2.2 times and turned profitable in Q1FY24
HAL has been the high-flyer of the year gained 2.4 times on the back of strong order book
Power pack REC and PFC gained 3.5 times on the back of robust loan growth
Suzlon energy gained 3.6 times on the back of healthy orderbook
All railway stocks have been multibaggers with Indian railways announcement to purchase trains with Rs 1 lakh crore
Jai Balaji Industry gained 13 times on the back of strong operating profits
Kaynes technology gained 3.5 times with strong customer additions and high margin verticals
The scrip rose as much as 7.69% to 4,468.80 apiece, the highest level since Dec. 4. It pared gains to trade 5.91% higher at Rs 4,395.10 apiece, as of 2:02 p.m. This compares to a 0.24% decline in the NSE Nifty 50 Index.
It has risen 121.97% on a year-to-date basis. Total traded volume so far in the day stood at 2.4 times its 30-day average. The relative strength index was at 62.
Out of two analysts tracking the company all maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 112%.
16.5 lakh shares changed hands in a large trade
0.01% equity changed hands at Rs 100.15 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Acquires sport shoe manufacturing unit in Haryana for Rs 30.7 crore
Acquisition part of co's planned investment of up to Rs 100 crore in the sports shoes manufacturing domain
Source: Exchange filing
LIC cuts 2.1% stake in co from June 2019 to Dec 2023
Source: Exchange Filing
Order for staff quarter residential building from Delhi Metro Rail Corp
Source: Exchange Filing
Eylea method of treatment patents deemed invalid
Claims of Eylea formulation patent deemed valid
Source: Exchange Filing
The scrip rose as much as 8.12% to Rs 1464.50 apiece, the highest level since Nov. 16. It pared gains to trade 5.26% higher at Rs 1,425 apiece, as of 11:23 a.m. This compares to a 22 advance/decline in the NSE Nifty 50 Index.
It has risen 98.85% on a year-to-date basis. Total traded volume so far in the day stood at 24 times its 30-day average. The relative strength index was at 60.
Out of six analysts tracking the company all maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 101.6%.
Kalpataru Projects International at 11.24 times its 30 day average
Godrej Industries at 6.07 times its 30 day average
Techno Electric & Engineering Company at 6.2 times its 30 day average
Surya Roshni at 4.67 times its 30 day average
Go Fashion (India) at 4.13 times its 30 day average
Indian Energy Exchange Ltd at 2.75 times its 30 day average
20.1 lakh shares changed hands in a large trade
0.1% equity changed hands at Rs 1,100.5 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The scrip rose as much as 7.72% to Rs 844 apiece to touch its all time high. This is the highest level since Dec. 8. It pared gains to trade 4.82% higher at Rs 821.75 apiece, as of 10:29 a.m. This compares to a 0.31% decline in the NSE Nifty 50 Index.
It has risen 148.83% on a year-to-date basis. Total traded volume so far in the day stood at 12 times its 30-day average. The relative strength index was at 72.
Out of four analysts tracking the company, three maintain a 'buy' rating and one recommends a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 168.2%.
The scrip rose as much as 9.08% to Rs 1093.95 apiece, the highest level since Nov. 15 when it traded at Rs 1099.85. It pared gains to trade 3.70% higher at Rs 1040 apiece, as of 10:07 a.m. This compares to a 0.35 decline in the NSE Nifty 50 Index.
It has risen 154.59% on a year-to-date basis. Total traded volume so far in the day stood at 28 times its 30-day average. The relative strength index was at 59.
Shares of Innova Captab Ltd. listed on the BSE on Friday at Rs 456.1 apiece, a premium of 1.81% over its IPO price of Rs 448 apiece.
On the National Stock Exchange, the stock debuted at Rs 452.1 per share, a 0.92% premium.
Source: Exchanges
Gets work order worth Rs 258 crore from Haryana Renewable Energy Department for 6,408 pumps
Gets order to supply, install, commission solar water pumping systems
Source: Exchange Filing
The scrip rose as much as 10.25% to Rs 725 apiece, to touch its life time high. This is the highest level since Oct. 23 when it traded at Rs 723.95. It pared gains to trade 8.20% higher at Rs 711.50 apiece, as of 9:30 a.m. This compares to a 0.18 decline in the NSE Nifty 50 Index.
It has risen 27.21% on a year-to-date basis. Total traded volume so far in the day stood at 3.9 times its 30-day average. The relative strength index was at 65.
Out of 16 analysts tracking the company, 14 maintain a 'buy' rating and 2 recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an downside/upside of 33.1%.
The broader markets outperformed as the BSE MidCap rose 0.11%, while the BSE SmallCap was 0.18% higher. Seven out of the 20 sectors compiled by the BSE advanced, while 13 declined.
The market breadth was skewed in the favour of buyers. As many as 1,744 stocks advanced, 1,109 declined and 115 remained unchanged on the BSE.
At pre-open, the S&P BSE Sensex Index was down 58.79 points, or 0.08%, at 72,351.59 while the NSE Nifty 50 was at 21,737.65, down 41.05 points or 0.19%.
The local currency opened flat at 83.16 against the U.S dollar on Friday.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.21% on Friday.
Source: Bloomberg
Initiates buy with a target price of Rs 1155
Believes Macrotech to deliver sustainable pre-sales growth over medium term
Strong launch pipeline, JDA portfolio build-up, entry in newer markets support performance
Expect 19% CAGR pre-sales growth over FY23-26E
Expect 20% CAGR collections growth to Rs 183.5 bn over FY23-26E
Expects leverage to remain in comfort zone despite robust growth plan
Believes further possibility for premium upgrade given continuity in housing sector momentum
Base case assumes RBI's rate cut cycle to begin in June '24
Slowing world growth to pressure India's terms of trade in Q1CY24
Indian equities to underperform if US stocks continue to rally
US yields peaking and JP EM Bond Index inclusion to keep BoP benign
Sep-Dec quarter is likely to be strong for earnings
Domestic flows likely to be sustained while FPI flows could be volatile
General election most important catalyst in Q1CY24, market likely to price in continuity
SEIAA, Tamil Nadu, to grant Environmental Clearance to Sriperumbudur plant of co
Sriperumbudur plant is operating with required licenses and approvals
Note: SEIAA stand for State Environment Impact Assessment Authority
Exchange Filing
Orders awarded to co along with JV and international subsidiaries
Gets order for construction of residential project in South India
Gets order for design & construction of an underground metro rail project
Gets orders in Transmission & Distribution business from overseas markets
Source: Exchange Filing
U.S. Dollar Index at 101.55
U.S. 10-year bond yield at 3.84%
Brent crude down 1.58% to $78.39 per barrel
Nymex crude up 0.20% at $71.91 per barrel
Gift Nifty flat at 21,950.00 as of 7:30 a.m.
Bitcoin was down 0.25% at 42,367.02
FirstCry Files Draft Papers With SEBI For IPO
Swan Energy Approves Raising Rs 4,000 Crore Via Multiple Instruments
Tata Coffee, Tata Consumer Products Merger To Be Effective From Jan. 1
ICICI Prudential Gets RBI Nod To Acquire 9.95% Stake In RBL, Induslnd Bank
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