In a market short on fresh triggers, several stocks quietly grabbed attention on June 30, driven by technical breakouts, strong price action, and sustained buying interest.The selected stocks are showing strong upward momentum, trading well above their key short- to medium-term moving averages, whi…
The Nifty IT index fell for a third straight session on Tuesday, with heavyweight stocks such as Infosys, TCS, Wipro and HCLTech featuring among top Nifty losers. Information technology shares were under heavy selling pressure as investors worried that US interest rates could stay elevated for long…
Shares of defence companies were in focus on Tuesday after Kotak Institutional Equities said "FY2027 [will] be a year of strong growth" following its Defence Forum 2026, where it hosted plant visits and management interactions with MTAR Technologies, Zen Technologies, Astra Microwave and Raghu Vams…
Shares of Kirloskar Oil Engines Ltd (KOEL) extended losses on Tuesday, falling over 2% to Rs 2,384.90. The stock has declined nearly 14% from its June 23 high of Rs 2,720.35, even as the company's management and brokerage Motilal Oswal Financial Services (MOFSL) remain positive on its long-term gro…
Motilal Oswal's research report on Nestle IndiaNestle India (Nestle) has seen a strong recovery in FY26, with revenue growth of 15% YoY, supported by a rebound in volume growth (+11% in FY26 vs. broadly flat volumes in FY25). Volume acceleration was led by strong double-digit growth across Prepared…
Shares of Adani Ports and Special Economic Zone (APSEZ) gained around 1% to Rs 1,794 in early trade on Tuesday after the company announced that it has entered into a definitive agreement with Terminal Investment Limited (TiL), the container terminal operating and investing arm of MSC Group, for the…
For many Indian households, gold is more than an investment. It is jewellery bought for weddings and festivals, family heirlooms passed down through generations, or coins and bars accumulated over the years. Yet much of this gold spends most of its life sitting in a locker, earning nothing while it…
Shares of Maruti Suzuki India Ltd rose nearly 4 percent on June 30 after Jefferies upgraded the stock to "Buy" from its earlier rating and raised its target price to Rs 16,500 per share, citing improving demand prospects and easing cost pressures.At 11.20 am, Maruti Suzuki shares were trading 3.9 p…
Indian flat steel prices remained largely resilient during the week ended June 26, while rebar prices fell to their lowest level this calendar year, according to Nomura's latest weekly steel report.Domestic hot-rolled coil (HRC) prices eased marginally by Rs 50 per tonne week-on-week to Rs 58,200 p…
Choice Equity Broking, Knack Packaging LtdKnack Packaging Ltd. (KPL), Incorporated on March 4, 2013, the company is among India’s leading integrated, innovation-driven, export-oriented, and sustainability-focused packaging solutions providers. It offers a diverse portfolio of packaging products, in…
The rupee opened three paise lower on June 30, dragged down by weak Asian cues while cautious traders awaited clearer trajectory signals. Importers accumulated the greenback to take advantage of the discounted levels.The currency was trading at 94.57 to a dollar after ending the previous session at…
Nomura has reiterated its 'Buy' rating on Bharti Airtel and raised its target price to Rs 2,355 from Rs 2,220, citing sustained ARPU growth, strong free cash flow generation and attractive valuations.The brokerage expects Airtel to deliver 14% EBITDA CAGR and 14% operating free cash flow CAGR over…
The Indian rupee opened marginally lower on June 30, tracking losses in Asian peers, with traders noting that underlying flows are compounding pressure and limiting near-term upside.The rupee opened 4 paise lower at 94.57 against the US dollar on Tuesday, compared to Thursday's close of 94.53.Accor…
HDFC Bank shares traded marginally lower in early deals on June 30 after the company appointed former Chief Election Commissioner and former Finance Secretary Rajiv Kumar as its new part-time chairman, marking a key step towards resolving the governance overhang on investor sentiment.The stock slip…
Equity benchmarks fell half a percent due to profit booking on June 29, with consistent weakness in market breadth. About 1,918 shares declined against 1,106 advancing shares on the NSE. The market is expected to see range-bound trading with a positive bias. Below are some short-term trading ideas…
Commodity markets traded lower on June 30 as easing geopolitical tensions in the Middle East and a stronger U.S. dollar dampened investor sentiment.Crude oil prices declined as investors monitored the outcome of potential U.S.-Iran talks in Doha, while weekend missile exchanges between the two side…
Indian benchmark indices are likely to see a flat to positive start on June 30, mirroring a firm trend in GIFT Nifty, which was trading around 23,991.50 in early trade.Track the latest updates on GIFT Nifty right here on MoneycontrolIndian benchmark indices snapped their two-day gaining streak on J…
Life Insurance Corporation of India (LIC), the country’s largest insurer and the biggest institutional investor in the stock market, is set to see its stake in National Stock Exchange (NSE) emerge as its fifth-largest investment in a listed company, according to data analysed by Moneycontrol.As of…
UTI Asset Management Company has acquired Rs 425 crore worth shares in Multi Commodity Exchange of India via open market transactions on June 29.MCX India shares may have reacted to the transaction, rising nearly 3 percent to Rs 2,914.5 amid big volumes on the National Stock Exchange, especially af…
IIFL Asset Management has acquired nearly 2 percent equity stake in Indo Tech Transformers, the power and distribution transformers maker, from promoter via block deals on June 29.Perhaps, the stock may have reacted to the transaction, freezing at 5 percent upper circuit at Rs 3,081.9, the highest…