AXY Financial News

capital market regulator’s approval for the launch of IPO in July. Also Read: TVS Supply Chain Solutions IPO to open on August 10; check details here Here are the 10 key things to know about TVS Supply Chain IPO; TVS Supply Chain IPO date: TVS Supply Chain IPO opens for subscription on Thursday, August 10, and closes on Monday, August 14.

Sensex recovered 550 pts from day’s low to end 149 pts or 0.23% higher at 65,996 in the last leg of trade on Wednesday. Ahead of US inflation data and the Reserve Bank of India's (RBI’s) policy decision due on Thursday, the broader NSE Nifty rose 62 points or 0.32% to end at 19,632.

Coal India with a target price of Rs 265. The current market price of Coal India is Rs 232.15.

Nifty and Sensex ended in red on Tuesday's session as investors continued to stay on caution in light of two significant events, the RBI's monetary policy and the US inflation data due out this week. The domestic markets' sentiment was also dented due to ongoing foreign fund outflows and a negative trend in Asian and European markets. On Tuesday, foreign institutional investors (FIIs) continued to offload shares of Indian companies worth ₹711.34 crores for the nineth straight session.

Transformers and Rectifiers(India)(up 7.68%), Inox wind(up 6.62%), Voltamp Transformers(up 4.20%), Inox Wind Energy(up 3.60%), NLC India(up 3.50%), Adani Power(up 2.54%), Hitachi Energy India(up 2.49%), Indowind Energy(up 2.23%), ADANIGREEN(up 1.90%) and PTC India(up 1.58%) stood among the top gainers. Orient Green Power Company(down 7.24%), Reliance Power(down 4.56%), KPI Green Energy(down 3.51%), Power Grid Corporation of India(down 2.60%), Indo Tech Transformers(down 2.37%), KEC International(down 2.17%), GE Power India Limited(down 2.11%), Jaiprakash Power Ventures(down 2.10%), Karma Energy(down 1.86%) and Alstom T&D India(down 1.59%) were among the top losers of the day.

Nagarjuna Fertilizers & Chem(up 10.00%), KRISHANA(up 2.05%), Coromandel International(up 0.94%), Aries Agro(up 0.53%), Fertilizers & Chemicals Tranvancore(up 0.48%), Chambal Fertilisers & Chemicals(up 0.47%), Paradeep Phosphates(up 0.46%), Deepak Fertilizers & Petrochemicals(up 0.18%) and Rashtriya Chemicals & Fertilizers(up 0.04%) stood among the top gainers. National Fertilizer(down 4.78%), Gujarat Narmada Valley Fertilizers (down 2.12%), Madhya Bharat Agro Products(down 1.83%), Rama Phosphates(down 1.70%), Mangalore Chemicals & Fertilizers(down 1.60%), Sikko Industries(down 1.39%), Agro Phos(down 1.31%), Madras Fertlizers(down 1.09%), G S F C(down 0.98%) and Khaitan Chemicals & Fertilizers(down 0.69%) were among the top losers of the day.

Shreyas Devalkar, Head-Equity, Axis MF, says All these categories – large, mid and small – are complementary to each other. They are not either or.

market capitalization of the NSE500. Adjusted profit after tax (APAT) has increased 35% year over year (YoY). While earnings before interest, taxes, depreciation, and amortization (EBIDTA), ex-Financials, increased 30% on year, Profit before tax (PBT) increased by 38% year over year.

Punjab National Bank(up 1.41 per cent), Bank of Baroda(up 1.4 per cent), Axis Bank(up 0.9 per cent), Federal Bank(up 0.63 per cent) and Bandhan Bank(up 0.5 per cent) were among the top gainers. IDFCBANK(down 0.46 per cent), IndusInd Bank(down 0.41 per cent) and HDFC Bank(down 0.11 per cent) were the top losers on the index.

BAJAJHIND(up 3.65%), DCM Shriram Industries(up 1.78%), Mawana Sugars(up 1.22%), Triveni Engineering & Industries(up 0.50%), Rana Sugars(up 0.42%), Dwarikesh Sugar Industries(up 0.22%), Rajshree Sugars & Chemicals(up 0.11%) and AVADHSUGAR(up 0.11%) were among the top gainers. KCP Sugar & Industries(down 2.48%), Ugar Sugar Works(down 1.91%), Balrampur Chini Mills(down 1.25%), Uttam Sugar Mills(down 1.24%), K.M.Sugar Mills(down 0.86%), Bannari Amman Sugars(down 0.66%), Kothari Sugars & Chemicals(down 0.55%), Dalmia Bharat Sugar & Industries(down 0.51%), MAGADHSUGAR(down 0.48%) and Shree Renuka Sugars(down 0.42%) were among the top losers.

ADANIGREEN(up 4.15%), Inox wind(up 3.37%), NLC India(up 3.05%), Inox Wind Energy(up 2.53%), PTC India(up 2.32%), Voltamp Transformers(up 2.25%), Transformers and Rectifiers(India)(up 1.97%), DPSC(up 1.38%), Energy Development Company(up 1.20%) and Kalpataru Projects International(up 0.96%) were among the top gainers. Orient Green Power Company(down 6.58%), Reliance Power(down 2.68%), Power Grid Corporation of India(down 2.06%), Alstom T&D India(down 1.92%), Indowind Energy(down 1.49%), Adani Transmissions(down 1.48%), Jaiprakash Power Ventures(down 1.40%), KEC International(down 1.06%), KPI Green Energy(down 0.77%) and Torrent Power(down 0.74%) were among the top losers.

IPO) of TVS Supply Chain Solutions will open for public subscription on Thursday. The company has fixed a price band of ₹187 -197 per share for the issue, which will close on Monday.

HDFC Bank, Axis Bank and Kotak Mahindra Bank have recorded an attrition of between 34% and 50%, large PSBs like State Bank of India, Bank of Baroda (BoB), Punjab National Bank (PNB) and Canara Bank have reported an attrition of less than 5% as they are seen as more stable employers.SBI, India's largest mass lender, said its attrition including resignations, retirements and VRS was a mere 3% on an employee base of 250,000. Chairman Dinesh Khara told ET that an elaborate recruitment process and regular training and development are some of the reasons PSBs can retain talent.«People who sign for a PSB job have usually made up their minds to serve because they go through an elaborate recruitment process which is not the case in private sector banks.

₹187-197 per share. The ₹880-crore TVS Supply Chain IPO will open for public subscription on August 10 and close on August 14. The bidding for anchor investors will open on August 9, the company said.

The NSE Nifty index ended the session 80.3 points up at 19597.3, while BSE Sensex rose 232.23 points to 65953.48. In the Nifty index, Divi's Laboratories Ltd.(up 4.41 per cent), Mahindra & Mahindra Ltd.(up 4.25 per cent), SBI Life Insurance Company Ltd.(up 2.73 per cent), LTIMindtree Ltd.(up 2.15 per cent) and Adani Ports & Special Economic Zone Ltd.(up 2.08 per cent) stood among the top gainers.

Shares of Punjab National Bank(up 0.75 per cent), Bandhan Bank(up 0.75 per cent), ICICI Bank(up 0.53 per cent), IndusInd Bank(up 0.4 per cent) and IDFCBANK(up 0.23 per cent) ended the day as top gainers in the pack. On the other hand, AU Small Finance Bank(down 1.75 per cent), Bank of Baroda(down 1.02 per cent), State Bank of India(down 0.94 per cent), Axis Bank(down 0.51 per cent) and Federal Bank(down 0.41 per cent) finished as the top losers of the day.

Nifty and Sensex rose slightly on Monday, supported by IT, pharmaceutical, and healthcare stocks, amidst caution in a week that would be driven by a lot of data, including US inflation data and the Reserve Bank of India's monetary policy decision. The Nifty 50 index was up 0.41% at 19,597.30 while the S&P BSE Sensex rose 0.35% to 65,953.48. Among the Nifty sectoral indices, Nifty IT (up 1.13%), Nifty Pharma (up 1.56%), and Nifty Healthcare (up 2.01%).

Multibagger stock: JTL Industries shares are one of those stocks that have delivered whopping return to its positional investors in post-Covid stock market rebound. After making its bottom in March 2020, this logistics stock has risen from around ₹14.50 to ₹404 apiece levels on BSE, logging near 2,700 per cent rise in this time. JTL Industries share price today opened upside and went on to hit a new life-time high of ₹404 apiece on NSE.

IPO subscription status: SBFC Finance IPO was subscribed 47.68 times on day 3 so far. SBFC Finance IPO opened on Thursday, August 3 will close today (Monday, August 7). SBFC Finance IPO received overwhelming response from qualified institutional buyers (QIBs) followed by non institutional investors (NIIS), and retail investors on day 3.

market outlook is hazy for the short term, analysts recommend betting on quality stocks with sound technical indicators at this juncture. Here are 10 technical calls that one can buy for the next 3-4 weeks. Take a look: On the weekly chart, Graphite India has decisively broken out above the significant “multiple resistance zone", surpassing the ₹428 level.

Gold rate today: Amid US dollar hitting three-week low and Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting scheduled to begin from tomorrow, gold future contract for October 2023 expiry on Multi Commodity Exchange (MCX) opened higher at ₹59,550 per 10 gm and continue to remained sideway around its two week higher levels that it had achieved during Friday deals last week. In international market gold prices shed around 0.20 per cent during early morning session at various Asian stock markets.