Lowe's Financial News

Bharat Forge Ltd. slipped 0.55 per cent to Rs 1064.0 in Wednesday's trade.

«In fact, August numbers in the industry predicted to be just around the 355,000 mark which could make it the highest ever month also. Last was September 2022, which was 3,55,400 odd vehicles. So, yes, it has been a great run so far,» says Shashank Srivastava, Maruti Suzuki India.Industry channel checks have been indicating that in the month of August, the passenger vehicle demand was actually up 9% and Maruti sales were higher than the industries. What has been your analysis, whether this is a trend which is here to stay?So far this year has gone very well for the auto industry. So, we have seen a record April, highest ever April, the highest ever May, highest ever June, highest ever July, looks like the highest ever August. In fact, August numbers in the industry predicted to be just around the 355,000 mark which could make it the highest ever month also. Last was September 2022, which was 3,55,400 odd vehicles. So, yes, it has been a great run so far. And now we are into the festive season, the beginning in Onam festival in Kerala, that is where the festive season starts, has been pretty good, almost a 25% jump in retails. So, I think so far going is good. We have those couple of question marks though going forward. But yes, it has been good so far for the auto industry this year.

Vedanta Ltd. gained 0.33 per cent to Rs 237.8 in Wednesday's session as of 11:47AM (IST) even as the equity benchmark Sensex traded 341.73 points higher at 65417.55. Earlier in the day, the stock witnessed a gap up start to the session.

Godrej Consumer Products Ltd. rose 0.69 per cent to Rs 1020.5 in Wednesday's trade.

DLF Ltd. traded 1.52 per cent up in Wednesday's trade at 11:27AM (IST).

weather forecast for the day of the match, September 2, predicts heavy thunderstorms in Kandy. As fans and cricket aficionados brace for this monumental encounter, they anxiously monitor the weather updates, hoping for a rain-free spectacle. The significance of an India-Pakistan match is undeniable, resonating beyond the cricketing realm.

booking flight tickets. “For searches with reliable trend data, you’ll now see when prices have typically been lowest to book your chosen dates and destination," Google said in the blog post. The new insights could tell you that the cheapest time to book similar trips is usually two months before departure, and currently, you are in that sweet spot.

Tube Investments of India Ltd. gained 0.2 per cent to Rs 2870.6 at 11:16AM (IST) in Wednesday's trade.

PI Industries Ltd. dropped 0.14 per cent to Rs 3697.8 at 11:21AM (IST) in Wednesday's trade.

Tata Power Company Ltd. traded 0.95 per cent up at Rs 249.15 at around 11:06AM (IST) on Wednesday.

Nilesh Shah, MD, Kotak AMC, says “when smallcap starts trading at a premium to largecaps, when micro caps and mini caps start trading at the premium to largecaps, then there is a need to be a little bit cautious. Many of the micro caps and mini caps are today trading at valuation which looks excessive. They are trading there because floating stock is limited. There is a herd mentality in buying what moves and maybe distribution is already happening. There is no harm in being cautious when making money is easy.”I used to think that we are the only two bulls in the town. But when I look around, everybody suddenly is the India bull. Everybody is excited with what is happening in the midcap space, the smallcap space and the SME space. Now should one turn bearish for the sake of turning bearish or stay with the market?If you are a long-term investor, you can stay bullish. If you are a trader, especially in micro caps, mini caps and small caps, this is time to be cautious.

LPG cylinders by Rs 200 per refill. Hindustan Petroleum Corporation (HPCL) was the top loser as stock price declined 2.5% to the day's low of Rs 350.20.

Also read: Highly mutated COVID variant BA.2.86 detected in 2 more countries, but 'pandemic in a different phase’, says WHO The BA.2.86 lineage, which was initially detected in Denmark last month, boasts over 35 mutations in significant portions of the virus when compared to the XBB.1.5 variant, which had been the predominant strain throughout most of 2023. The United States, Switzerland, and Israel have also reported cases of this new variant.

Avenue Supermarts Ltd. rose 1.25 per cent to Rs 3710.25 at 10:20AM hours (IST) on Wednesday.

Laurus(up 2.65 per cent), Gland Pharma(up 1.99 per cent), Ipca Laboratories(up 1.22 per cent), Glenmark Pharmaceuticals(up 1.19 per cent) and Granules India(up 1.03 per cent) were among the top gainers. Sanofi India(down 0.32 per cent), Natco Pharma(down 0.32 per cent), Pfizer(down 0.1 per cent), Abbott India(down 0.05 per cent) and Divis Laboratories(down 0.05 per cent) were the top losers on the index. The Nifty Pharma index was up 0.52 per cent at 15199.1 at the time of writing this report. Benchmark NSE Nifty50 index was up 94.8 points at 19437.45, while the BSE Sensex was up 334.32 points at 65410.14. Among the 50 stocks in the Nifty index, 40 were trading in the green, while 10 were in the red. Shares of Zomato, Suzlon Energy, Reliance Power, BHEL and JP Power were among the most traded shares on the NSE. Shares of Pritika Engineering, P E Analytics, Ameya Precision Engi, Delta Manufacturing and Menon Bearings hit their fresh 52-week highs in today's trade, while Penta Gold, Proventus Agrocom, Rajnandini Metal, Rajesh Exports and Shrenik hit fresh 52-week lows in trade.

On the BSE, Haria Exports(down 18.91 per cent), Ganga Pharmaceutical(down 13.19 per cent), Gravity(India)(down 7.71 per cent), Innocorp Ltd(down 7.51 per cent) and B-Right Realestate L(down 6.84 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 39 stocks traded in the green, while 10 stocks traded in the red. The Nifty index was trading 98.65 points up at 19441.3. On the BSE, Haria Exports, Ganga Pharmaceutical, Padmanabh Alloys, Bhaskar Agro and Karnavati Finance Lt hit their fresh 52-week lows, while Bondada Engineering, Ken Financial Services Ltd., Delta Manufacturing, Alphalogic Industrie and Menon Bearings touched their fresh 52-week highs.

United Spirits Ltd. traded 1.28 per cent up at Rs 1015.8 on Wednesday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 336.68 points to 65412.5. As many as 2,127 shares changed hands on the counter with a total value of Rs 2153.0 crore. The stock quoted a 52-week high price of Rs 1050.0 and a 52-week low of Rs 730.9. On the technical charts, the 200-DMA of the stock stood at Rs 861.0, while 50-DMA was at Rs 970.4.

Indian Hotels Company Ltd. rose 1.78 per cent to Rs 400.0 in Wednesday's trade.

Ahead of the IPO opening, the company raised Rs 147 crore from anchor investors, where marquee funds, including HDFC MF, Nippon MF, Quant MF and Tata MF among others participated. Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, diverse product portfolio and solid financials. «Rishabh Instruments stands as a global leader in manufacturing and supplier of analog panel meters and low voltage current transformers. We recommend a 'Subscribe' to the issue from the view of listing gains as well as for the long term,» said Hensex Securities. The Rs 491 crore IPO comprises a fresh equity issue of Rs 75 crore and an offer for sale (OFS) of up to 94.28 lakh shares, which comes to about Rs 416 crore. The issue is priced in the range of Rs 418-441, where investors can bid for a minimum of 34 shares in one lot and in multiples thereafter. About 50% of the offer is set aside for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors. Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision-engineered products etc., with diverse applications across industries including power, automotive and industrial sectors. The company is a global leader in the manufacturing and supply of analog panel meters, and they are among the leading global companies in terms of manufacturing and supply of low voltage current transformers. «At the upper price band, the company is valuing at P/E of 34.3x FY23 earnings with a market cap of Rs 1674 crore post issue of equity shares and return on net worth of 11.67%.

Also Read: Aditya L1 spacecraft rolled out to second launch pad, scheduled to launch on September 2 The ISRO explained on its website that the spacecraft will be initially placed in a low earth orbit. “Subsequently, the orbit will be made more elliptical and later the spacecraft will be launched towards the Lagrange point L1 by using on-board propulsion," it said. While travelling towards L1, Aditya L1 will exit the earth’s gravitational Sphere of Influence.

US jobs data reduced the chances of further Federal Reserve rate hikes. The US dollar index - which measures the currency against six developed-market peers including the yen and euro - was little changed at 103.57 after pulling back from as high as 104.36 overnight. On Tuesday, the rupee ended 8 paise lower at 82.71 a dollar.