Apollo Micro Systems shares climbed more than 6 percent on Monday after reports said its key client, Bharat Electronics Ltd (BEL), is likely to receive a Rs 30,000 crore order for the Quick Reaction Surface-to-Air Missile (QRSAM) programme.The stock rose 6.17 percent to Rs 408.10 per share on the N…
Shares of Nibe Ltd fell nearly 3% in morning trade on Monday after the defence and aerospace manufacturer announced the resignation of its Chief Executive Officer and Key Managerial Personnel, Prakash Hari Khose.The stock was trading at Rs 1,610, down 2.79%.In an exchange filing, the company said K…
Motilal Oswal's research report on AstralAstral’s (ASTRA) Board has approved the business restructuring plan to consolidate its Plumbing and Chemical businesses into separate entities. It will take 9-12 months to complete the demerger process. The large capex cycle is behind, and ASTRA aims to grow…
Dr Reddy's Laboratories shares extended their gaining streak to the sixth consecutive session on Monday, emerging among the top performers on the Nifty50 index.The stock gained after the US drug regulator completed an inspection at the company's biologics facility in Bachupally, Hyderabad, and issu…
Motilal Oswal's research report on Persistent SystemsPersistent Systems announced two strategic developments: (1) the acquisition of Nagarro for an enterprise value of €1.27b, and (2) a new USD650m+ services contract over 6.5 years with an existing US-based technology customer. Nagarro adds ~USD1.1…
Motilal Oswal's research report on Tata CapitalTata Capital (TCL) is among India’s leading diversified NBFCs, with an AUM of INR2.77t as of Mar’26. The company has delivered a robust ~29% AUM CAGR (excluding Motor Finance) over FY23-26, reflecting the strength of its franchise, diversified business…
Shares of Blue Cloud Softech Solutions Ltd fell nearly 8% in early trade on Monday after the company announced that it has been empanelled by Bharat Sanchar Nigam Ltd (BSNL) as a Captive Non-Public Network (CNPN) Provider under Category III.The stock was trading at Rs 19.42, down 7.66%.In an exchan…
Several stocks are likely to remain in focus on June 29 amid key corporate developments, including regulatory updates, acquisitions, merger proposals, project wins and real estate expansion.Dr Reddy's Laboratories shares gained 4 percent after the US Food and Drug Administration (US FDA) completed…
Persistent Systems shares tumbled nearly 10 percent on June 29 after the IT services company announced plans to acquire German digital engineering firm Nagarro SE in a Euro 1.4 billion deal. Brokerages offered sharply divergent views on the transaction, ranging from very bullish to bearish.The stoc…
Prabhudas Lilladher's research report on AstralAstral Ltd has announced the demerger of its businesses into Astral Ltd. (Plumbing) and Astral Chemie (Adhesives, Paints & Specialty Chemicals), wherein management outlined the strategic rationale behind creating two focused entities with independent c…
In a market short on fresh triggers, several stocks quietly grabbed attention on June 29, 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…
Shares of Kotak Mahindra Bank Ltd fell more than 2 percent in early trade on June 29 after the lender announced that Managing Director and Chief Executive Officer Ashok Vaswani will not seek reappointment when his current term ends on December 31, 2026, triggering investor concerns over the bank's…
HDFC Bank shares traded higher in early deals on June 29 after two global brokerages reiterated their bullish calls on the private sector lender. Analysts said an independent legal review into allegations raised by former chairman Atanu Chakraborty should help reduce governance concerns that have w…
The Indian rupee opened with a marginal gains on June 29, with fresh U.S.-Iran hostilities having little impact on oil prices, risk appetite and Asian currencies.The rupee opened 5paise higher at 94.35 against the US dollar on Monday, compared to Thursday's close of 94.40.According to Finrex, the I…
Prabhudas Lilladher's research report on Persistent SystemsThe investments (USD 1.6bn) in Nagarro is largely complementing and scaling the core business dynamics of PSYS, in terms of expanding new verticals and geographies, where PSYS has marginal presence. More importantly, the target entity share…
Commodity markets traded lower on June 29 as easing geopolitical tensions in the Middle East and a stronger US dollar weighed on investor sentiment.Oil prices pared early gains after the US and Iran agreed to halt attacks on each other following weekend flare-ups that saw an oil supertanker struck…
PFC and REC shares traded lower in early deals on Monday after the state-run lenders approved their long-awaited merger scheme to create a power sector financing giant with a combined loan book of over Rs 11 lakh crore. PFC shares were down 1.83% at Rs 424.75, while REC declined 0.32% to Rs 363.50…
Shares of Transrail Lighting are likely to remain in focus after the company secured new international orders worth around ₹459 crore, primarily in its Transmission & Distribution (T&D) business.The contracts mainly comprise EPC projects for the construction of transmission lines in the MENA region…
Shares of Indoco Remedies are likely to remain in focus after the company said its solid oral dosage manufacturing facility (Plant I) in Goa has received EU Good Manufacturing Practice (GMP) certification from the Malta Medicines Authority.The certification follows an inspection conducted by the re…
Shares of Lupin will be in focus after the drugmaker said it has received tentative approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Enzalutamide Tablets in strengths of 40 mg, 80 mg, 120 mg and 160 mg.The USFDA has tentatively approved t…
