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Rupee closed flat at 83.87 against the US dollar.
It closed at 83.87 on Thursday.
Source: Bloomberg
Nifty ends higher in the twelfth consecutive session, its best winning streak since its launch in 1996
Sensex ends higher for ninth consecutive session
Both indices record highest close
Nifty ends 0.40% or 100.55 points higher at 25252.50
Sensex ends 0.28% or 231.16 points higher at 82365.77
Intraday,Nifty rose as much as 0.44% to hit a new record high 25,263.20 and Sensex rose as much as 0.61% to hit its highest level of 82,637.03.
Broader indices outperformed; Nifty Midcap 100 ended 0.68% up and Nifty Smallcap 250 rose 0.52%
Most sectoral indices ended higher; Nifty Realty was the top gainer and Nifty Media fell the most
Cipla and Bajaj Finance were top Nifty gainers
Tata Motors and RIL were top losers among Nifty stocks
Adani ports acquires 80% stake in global offshore vessels operator Astro for $185 million
Astro acquisition to add 26 offshore support vessels to company's fleet of 142 tugs and dredgers
Astro acquisition to be value accretive from first year itself
Astro acquisition implies an enterprise value of $235 million
Astro operates OSVs in Middle East, India, Far East Asia & Africa
Selects SAFHAL Helicopter Engines to develop Aravalli engines for helicopters
Sources: Exchange filing
The anticipated MSCI rejig has started impacting certain stocks. According to Kush Bohra, founder of Kushbohra.com, technically, these can be looked at as two broad categories based on weekly charts-- momentum and consolidating stocks.
For the MSCI India Index, momentum stocks include Dixon Technologies and Oil India and consolidating stocks are Zydus Lifesciences, Vodafone Idea, RVNL, Prestige Estates, and Oracle Financial Services Software, he said.
"In the current market landscape, investors are advised to capitalize on momentum stocks during corrections and explore entry points in consolidating stocks," he said. However, he noted that it is crucial to conduct comprehensive research and consult a SEBI-registered investment advisor for tailored recommendations.
Signs pact to acquire diagnostic & pathological services business of Vimta Labs
Source: Exchange Filing
Mahindra Group & Sentrycs in pact to develop & provide anti-drone solutions in India
Source: Exchange Filing
Approves subscription to preference shares worth Rs 1,306.6 crore in unit Piramal Dutch Holdings
Source: Exchange Filing
Signs MoU with National Highway Infrastructure Development Corporation for supply of double lane modular bridges
Source: Exchange Filing
At pre-open, the Nifty was at 25261.15, up 0.43% or 109.20 points and the Sensex was at 82648.29, up 0.63% or 513.68 points.
The yield on the 10-year bond opened flat at 6.87%.
It closed at 6.86% on Thursday.
Source: Bloomberg
Rupee strengthened by 3 paise to open 83.84 against the US dollar.
It closed at 83.87 on Thursday.
Source: Bloomberg
Downgrades to “accumulate” with a target of Rs 9,390 with 5% upside
Results of GILL were well ahead of expectations on EBITDA and PAT fronts
Some disappointment on topline growth, which came in at 4.2% YoY
Grooming sales (~81% of total sales) grew by 7.1% YoY
Ad-spends intensity was ramped up extremely sharply in the first quarter
Valuation is no longer cheap at 55 times FY26E EPS
Activates Block B-80 wells for production
Source: Exchange Filing
US FDA issues inspection report with 'Voluntary Action Indicated' classification for Gujarat manufacturing facility
US FDA inspected Gujarat manufacturing facility from June 3-24
Source: Exchange Filing
Retains outperform with target implying 11% upside at Rs 1,740 vs 1600 earlier
Retains Outperform on Reliance; target Rs 3,440, implying 13% upside
Expects the market to consolidate further with RJio having 50cr subscribers, 50% share
Expects ARPU to increase to 270-280 levels by FY26
Expects mobile services revenue growth at ~10% CAGR from FY24-27
Expects EBITDA CAGR to be strong led by Jio at 21% CAGR from FY24-27
Value India mobile services business at 11.5x EV/EBITDA vs 10.5 times earlier
Value Bharti based on SOTP and roll forward estimates
Maintains 'buy' with target price of Rs 375, implying 28% upside
NBFC-Infra Finance status will be beneficial for HUDCO
Makes it the only multi sector infrastructure lending NBFC
Enhances single/group borrower exposure limits upwards
Expect HUDCO’s earnings to clock a CAGR of 22.7%
Valued HUDCO at 3.6 times June’26E ABV
Retains 'buy'; raises target price to Rs 2,427 from Rs 1,952 earlier, implying 10% upside
US generics present strong support to near-term earnings
Expects improvement in other markets/segments as well
Revise our FY25F/26F EPS upwards by 28%/54%
Raise smultiple to 30x FY26-27F average ex gTolvaptan
Approves floor price of QIP at Rs 1,755.09/share
Source: Exchange Filing
Approves floor price of QIP at Rs 628.74/share
Source: Exchange Filing
Signs MoU with RVNL for hydro & other infra projects in India, overseas
Source: Exchange Filing
Maintains 'buy' on Reliance Industries at Rs 3786 target with 24% upside
RIL’s overall business could double by FY30
Jio, Retail business to likely double in 3-4 years
New Energy business earning capacity to match O2C segment's in 5-7 years
New Energy to add 2/5th Ebitda, 50%-plus to attributable net profit by 2030
Strong guidance for Digital, Retail, and huge petchem capacity adds to drive fresh growth
Initiates coverage with a buy; target Rs 1,405, implying 20% upside
Regional player with scope for better growth and subscriber mix
Net debt to EBITDA at 2.2 times, ROCE 14% given lower capex needs
Forecast 3 year EBITDA CAGR of 26%
Value at 12 times Sept 26E EV to EBITDA
Price band change from no band to 20%: The India Cements.
Ex/record dividend: Vijaya Diagnostic Centre, Shyam Metallics and Energy, JTL Industries, Salzer Electronics, Ganesh Housing, MOIL, Oil India, NCC, Cantabil Retail India, PFC, ITD Cementation India, Sarda Energy, Jindal Stainless.
Ex/record AGM: Salzer Electronics, Shyam Metallics and Energy, EPACK Durable.
Moved in short term ASM Framework: Supriya Lifescience,
Moved out of short term ASM Framework: Angel One, GMR Power and Urban Infra, Goldiam International, Neuland Laboratories, RPSG Ventures.
NLC Signs 200-MW Solar Power Agreement With Telangana Discoms
Premier Energies: The public issue was subscribed to 74.38 times on day 3. The bids were led by qualified institutional investors (216.67 times), non-institutional investors (50.04 times), portions reserved for employees (11.43 times) and retail investors (7.69 times).
ECOS (India) Mobility & Hospitality: The public issue was subscribed to 9.56 times on day 2. The bids were led by non-institutional investors (23.47 times), retail investors (8.99 times) and qualified institutional investors (0.10 times).
Baazar Style Retail: The company will offer its shares for bidding on Friday. The price band is set from Rs 370 to Rs 389 per share. The Rs 834.68 crore. The IPO issue is a combination offer for sale for Rs 686.68 crore and the rest is a fresh issue. The company raised 250 crores from anchor investors.
PB Fintech: Tencent Cloud Europe BV sold 97 lakh shares (2.13%) at Rs 1,719.75 apiece. Europacific Growth Fund bought 25 lakh shares (0.55%), SBI Mutual Fund bought 25.52 lakh shares (0.55%) and Goldman Sachs (Singapore) PTE.- ODI bought 12.14 lakh shares (0.26%) at Rs 1719.75 apiece. Marshall Wace Investment Strategies Eureka Fund, Copthall Mauritius Investment ODI and Societe Generale Owere among the other buyers.
Welspun Living: Welspun Group Master Trust sold 3.81 crore (3.92%) at Rs 205.21 apiece. On the other hand, Copthall Mauritius Investment Ltd. bought 1.09 crore shares (1.12%), SBI Life Insurance Company bought 97 lakh shares (1%) and Authum Investment & Infrastructure Ltd. bought 55 lakh shares (0.57%) at Rs 205.21 apiece. Aditya Birla Sun Life Mutual Fund and Indus India Fund Mauritius Ltd were among the other buyers.
PB Fintech Block Deal: SBI Mutual Fund, Goldman Sachs, Societe Generale Among Buyers
Infosys And NVIDIA To Develop Gen-AI Solutions For Telecom Operators
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