Shares of HCL Technologies Ltd. gained over 7% on Friday, July 3, after brokerage firm CLSA reiterated its bullish stance on the IT major, naming it among its top large-cap picks despite lowering its price target.CLSA maintained its 'Outperform' rating on HCLTech but revised its target price to ₹1…
Axis Mutual Fund has shifted its portfolios towards consumption-oriented sectors and large-cap financials after increasing exposure over the past six months, while continuing to back the long-term manufacturing theme despite elevated valuations.Shreyash Devalkar, Head of Equity at Axis Mutual Fund…
Hi-Tech Pipeson Friday, July 3, reported its quarterly sales volume for the first quarter of FY27, aided by robust demand from the infrastructure, construction and engineering sectors.The company said sales volume rose 26% year-on-year to 1,56,136 metric tonnes (MT) in Q1FY27, compared with 1,24,02…
Shares of The Indian Hume Pipe Company Ltd. jumped 8% on Friday, July 3, after the company secured a ₹738.61 crore contract from the Public Health Engineering Department (PHED), Government of Rajasthan, for a rural water supply project under the Japan International Cooperation Agency (JICA)-funded…
India's primary market could witness one of its busiest second halves, with seven to eight initial public offerings (IPOs) of $1 billion or more expected to raise $10-15 billion, according to Abhinav Bharti, Managing Director and Head of India Equity Capital Markets (ECM) at JPMorgan. Bharti said t…
Shares of Lodha Developers Ltd. rose over 3% on Friday, July 3, after brokerage firm CLSA identified the real estate developer as one of the technically attractive opportunities in the sector, citing a breakout from a prolonged consolidation pattern.The stock was trading 3.2% higher at ₹1,038.10 as…
Bajaj Auto is currently the second-largest electric vehicle (EV) player, with a 22% market share and a production capacity of 50,000 units per month. "We are looking over a period of time to double this capacity, we. We think that this segment is set to grow very fast," Joint Managing Director Rake…
Shares of Adani Enterprises Ltd. continue to remain in focus on Friday, July 3, after the company increased the size of its qualified institutional placement (QIP) to ₹15,000 crore, following strong demand from institutional investors.The QIP, which opened on July 2, was initially launched with a b…
Corona Remedies has guided for 15% organic revenue growth, with any contribution from future acquisitions expected to be incremental. The company also expects profit after tax (PAT) to grow at around 20% annually over the next three to five years, reflecting its confidence in sustaining long-term e…
Shares of Mahindra & Mahindra Financial Services Ltd. (M&M Finance) gained over 5% on Friday, July 3, after the NBFC reported a 21% year-on-year increase in disbursements for the June quarter, while maintaining stable collection efficiency and a comfortable liquidity position.According to the compa…
Shares of Bluspring Enterprises Ltd. jumped as much as 10% intraday on Friday before paring some of the gains to trade around 4% higher.The rally followed the company's announcement that STEAG Energy Services (India) Pvt. Ltd., its wholly owned step-down subsidiary, has secured an operations and ma…
Shares of Bajaj Housing Finance Ltd. gained over 6% on Friday, July 3, after the company reported a strong business update for the June quarter and received a brokerage upgrade from JPMorgan.The stock opened with a gap-up at ₹91 and climbed to an intraday high of ₹94 on the National Stock Exchange…
US President Donald Trump said that he thinks SpaceX founder Elon Musk might donate the company's stocks to the Trump accounts initiative for children in an interview with CNBC on Thursday, July 2."Well, I think that he will do that," said Trump when asked about the possibility of Musk donating. Ad…
Shares of state-run Union Bank of India Ltd. are down 7% on Friday, July 3, in reaction to their June quarter business updates that were released after market hours on Thursday evening.This is the biggest single-day fall for Union Bank of India's shares in the last three months. The stock has now d…
Shares of PB Fintech Ltd., the parent of online insurance aggregator Policybazaar and digital consumer credit marketplace Paisabazaar, declined as much as 8% on Friday, July 3, after a large trade took place in a pre-market block window.According to data available, as many as 1.08 crore shares of t…
Shares of GE Vernova T&D Ltd., CG Power Ltd., and Hitachi Energy India Ltd., are down up to 9% on Friday, July 3, after a Ministry of Finance memo, dated June 24, sourced by brokerage firm IIFL, says that a two-year exemption has been granted to four Chinese companies for participating in tenders i…
The Indian rupee opened 19 paise stronger on Friday (July 3), tracking broad weakness in the US dollar after softer-than-expected American jobs data dampened expectations of an immediate interest rate hike by the US Federal Reserve.The domestic currency opened at 95.20 against the US dollar compare…
Shares of One 97 Communications Ltd., the parent company of Paytm, are trading higher on Friday, July 3, after its European subsidiary received regulatory approval to operate as a payment institution in Luxembourg.In an exchange filing, the company said its wholly owned step-down subsidiary, Paytm…
Shares of discount broking firm Angel One Ltd. will be in focus on Friday, July 3, after the company disclosed its business update for the month of June, and for the entire June quarter.Angel One's funding book continued to scale new highs, while trading activity saw a rebound after a subdued May…
Maharashtra has introduced a bill to amend the Maharashtra Protection of Interest of Depositors (MPID) Act, bringing cryptocurrency-related frauds under the law’s ambit and enabling authorities to attach and recover crypto assets linked to financial crimes, according to an IANS report.The proposed…
