Stocks Radar: Tata Motors, Biocon, Welspun, ICRA and More
Indian shares climbed higher on the first day of the September series, after witnessing profit booking yesterday as investors booked gains ahead of the Fed's Jackson Hole meet.
The S&P BSE Sensex gained 0.2 percent to 27,935; while the NSE Nifty advanced 0.2 percent to 8,615. Yesterday, the 50-share had closed below the 8600-mark first time since August 17.
Here are all the stocks that moving the market
Tata Motors: Speeds Up Ahead of First Quarter Earnings
Shares of the home-grown car maker gained as much as 2.1 percent to Rs 504 ahead of its June quarter earnings announcement later in the day.
Other Earnings to Watch
- Finolex Industries (+1.2% to Rs 479)
- Gujarat Industries Power (+2.4% to Rs 93)
- JBF Industries (-0.2% to Rs 208)
- J.B. Chemicals & Pharmaceuticals (+2.6% to Rs 320)
- Procter & Gamble Hygiene and Healthcare (+1.3% to Rs 6,820)
- Triveni Engineering & Industries (+1.3% to Rs 55)
Biocon: Jumps on Europe Drug Regulator Boost
Shares of the bio-pharmacy firm jumped as much as 5.1 percent to Rs 909, most since July 22 after it said the European drug regulator (EMA) accepted to review Mylan-Biocon regulatory submission for proposed biosimilar.
Welspun: Recovers After 4-Day Slump
Shares of the beleaguered textile maker rise as much as 4 percent, most since August 1 after nearly halving its market capitalisation in previous four trading sessions.
The stock has fallen 48 percent through Thursday as controversy over the Gujarat based firm passing off cheaper bed sheets as premium Egyption cotton widened.
According to a WSJ report, a Wal-Mart employee has said to warn about Welspun India in 2008.
Welspun is said to have hired auditors to review its supply chain.
ICRA: Gets Corporate Bond Market Upgrade
Shares of rating agency rose as much as 15.7 percent to Rs 4,043 after the Reserve Bank of India (RBI) announced a slew of measures to improve the corporate bond markets.
This is anticipated to open up a whole new market for the rating agencies.
Others
- CARE Ratings (+2.8% to Rs 1,225)
- Crisil (+7% to Rs 2,240)
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
