After a higher open, Nifty extended fall to second consecutive session and Sensex to a third
Nifty ends 0.21% or 53.60 points lower at 25,145.10
Sensex ends 0.18% or 151.48 points down at 82,201.16
Intraday, Nifty rose as much as 0.30% to 25,275.45 and Sensex added as much as 0.32% to hit a high of 82,617.49
Broader indices outperformed; Nifty Midcap 100 ended 0.34% higher while Nifty Smallcap 250 closed 0.96% up.
Most sectoral indices ended mixed; Nifty Media was the top gainer and Nifty Realty fell the most
Titan Co. Ltd. and LTIMindtree were top Nifty gainers
Cipla and Reliance were top losers among Nifty stocks
Board approves 1:1 bonus issue
Board approves increasing authorised share capital to Rs 50,000 crore from Rs 15,000 crore
Source: Exchange filing
Arm gets order from Israel Aerospace to supply Titanium cast components
Source: Exchange filing
Commissions battery energy storage system for Solar Energy Corp in Lakshadweep
Source: Exchange filing
Gets order worth Rs 215 crore from Uttar Pradesh agriculture department
Gets order for supply of 8,085 solar water pumping system
Source: Exchange filing
Total registrations up 81% at 2,681 units
Jaguar registrations up 74% at 607 units
Land Rover registrations up 83% at 2,074 units
Source: Society of Motor Manufacturers and Traders
Clarifies on report of buying stake in Kishlay Foods
No material information that requires disclosure
Source: Exchange Filing
Key investors included leading domestic financial institutions and foreign institutional investors, with the company receiving an oversubscription by the investors.
Source: Exchange Filing
In pact with Telangana govt for AI innovation hub
Source: Exchange Filing
Emerges as lowest bidder for project worth Rs 1,341 crore
Source: Exchange Filing
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Company evaluates various strategic opportunities for growth & expansion of business
No material event, information at this stage
Clarifies on report of being in talks to acquire rail engineering business of Escorts Kubota
Source: Exchange Filing
Defaults making instalment payment, interest to some banks
Source: Exchange Filing
Plants shut down for maintenance, repair
Expect to resume operations as early as possible
Source: Exchange Filing
MOIL Shares Continue Gains After Record August Production
KFC, Pizza Hut Operator Sapphire Foods Hits Life High On Stock Split Record Date
AU Small Finance Bank Seeks Universal Bank Licence From RBI
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Rupee Opens Flat Against Dollar With Key US Economic Data In Focus
Raymond Lifestyle Hits Lower Circuit After Listing At 99% Premium On BSE
Biocon Hits 30-Month High On Report GST Council May Cut Cancer Drugs Tax
Shares of Raymond Lifestyle Ltd. listed on the BSE on Thursday at Rs 3,000 apiece, a premium of 99.5% over its base price of Rs 1,503.3 per share. On the National Stock Exchange, the stock debuted at Rs 3,020 per share, marking a premium of 93% against the base price of Rs 1,562.6 per share.
Raymond Shares Hit One Month High As Lifestyle Arm Lists
Linde India Shares Jump On Agreement With Tata Steel To Acquire Air Separation Units
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At pre-open, the Nifty was at 25250.50, up by 0.21% or 51.80 points and the Sensex was up 0.14% or 117.1 points at 82469.79.
Retail car sales—measured as vehicle registrations on the government’s VAHAN website—fell 4.53% YoY to 3.1 lakh units on weather-related woes.
Car retail sales down 4.53% at 3.1 lakh units (YoY)
2-wheeler retail sales up 6.3% at 13.4 lakh units (YoY)
3-wheeler retail sales up 1.6% at 1.05 lakh units (YoY)
Commercial vehicle retail sales down 6.1% at 73,253 units (YoY)
Total vehicle retail sales up 2.9% at 18.9 lakh units (YoY)
Source: FADA Statement
The yield on the 10-year bond opened flat at 6.85%.
It closed at 6.86% on Wednesday.
Source: Bloomberg
Rupee opened flat at 83.98 against the US dollar.
It closed at 83.97 on Wednesday.
Source: Bloomberg
Maintains 'buy' and raise target price for
UPL- Price target at Rs 680; upside 12.2%
PI Industries- Price target at Rs 5000;upside 10.8%
Dhanuka Agritech- Price target at Rs 2000'upside 17.9%
Maintains hold on
Bayer Crop Science- Price target at Rs 6300; downside 3%
Rallis- Price target at Rs 251; downside 26.5%
Higher crop sowing positive, but rains may slow 2Q growth.
Good rainfall boosts 2HFY25 sales; FY25e outlook healthy.
Dhanuka to outperform with new launches, high domestic exposure (75%-98%).
UPL, PI less impacted with low domestic exposure (13%-18%), global Agro recovery positive.
Maintains 'outperform', target price Rs 8,546, 18.6% upside
Entered agreement with Tata Steel to acquire two 1,800 tons per day air separation units
Overall capacity increases by 37% to 13,330 tons/day
Expansion leading to it being potentially world’s largest single-site ASU
On track to double production capacity in India
Forecast revenue and PAT CAGR of 33% and 34% over FY24-27E
In pact with Blue Star to for employee expense management platform
Source: Exchange Filing
Board approves issue price of QIP at Rs 1,674/share
Source: Exchange Filing
Arm to pay $25 mn over 5 years to the United States
Source: Exchange Filing
Retains 'overweight' with target of Rs 340 vs Rs 208 earlier, upside 40%
Company spearheading rapid retail consumer transformation via Quick commerce
Going deeper across metros, planning 1500 stores in next 2.5 years
Scale should help monetization from channel margins and ad spending
Incremental store economics should turn more positive on Ebitda
Expects company to lead disruption of Modern Trade and Ecommerce
See Bigger 'going out' business; adding to monetization
Raises FY25-27 forecast by 15%-41%
Upgrades quick commerce per share value by 115% to Rs. 150
Upgrades food delivery estimates for FY26 EBITDA by 11%
India has become the largest weight in MSCI EM IMI Index overtaking China, yesterday
Rising weight means more absolute foreign flows
The problem for foreign flows is that domestic flows are outbidding them
There are several reasons to believe that correction in a strong bull market is on the anvil
Looking at China’s history its performance did suffer after becoming the largest EM though India need not follow the same
India is gaining share in global GDP and in Global market
India remains top pick
Believes corrections would be shallow, should drive money on the sidelines to pour in
A bull market is possible still in the future
India’s weight in EM could have some more room before it peaks out
Upside:
Downside:
Point to note:
Conclusion:
Sets IPO price band at Rs 456-480/share
Bid for issue to open on September 10 & close on September 12
Source: Company statement
GIC Re Offer For Sale: Government To Exercise Oversubscription Option
Mastek Shareholders Offload Stake Worth Rs 475.63 crore
Raymond Lifestyle: Shares of Gautam Singhania's consumer lifestyle business, Raymond Lifestyle Ltd., to list on stock exchange today. As per NDTV Profit calculations, the share price of Raymond Lifestyle would be priced between Rs 3,100 and Rs 7,800 apiece, depending on how the street values the business.
Gala Precision Engineering: The IPO bags the second largest subscription in 2024. The IOP has been subscribed 201.41 times on the third and final day. The bids were led by non-institutional investors (414.62 times), employee reserved (259 times), institutional investors (232.54 times), and retail investors (99.95 times).
Shree Tirupati Balajee Agro: The IPO will open for its first day of subscription on Sept. 5. The total issue size of the initial public offering stands at Rs 169.65 crore shares. The IPO consists of a fresh issue of up to 1.47 crore equity shares and an offer for sale of up to 56.90 lakh equity shares. The price band set for the IPO is in the range of Rs 78 to Rs 83 per share at a face value of Rs 10. The company raised Rs 50 crore from anchor investors on Wednesday, ahead of its initial public offering.
Canara Bank To Issue $300 Million Medium Term Notes For Five Years
PNB Housing Finance To Consider Raising Rs 2,500 Crore Via NCDs
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