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Inox has shown signs of recovery in June, with the stock rising nearly 10%. This uptick follows a slight decline of 3.8 percent in May.Before that, the stock had risen by 2.6 percent in April but faced losses in the first three months of the year.

Tata Chemicals stock to buy on Yoga Day 2024, with an upside potential of over 14 per cent.Assigning ‘buy’ rating to the Tata Group stock, Bagadia has given the target price of ₹1270/1320.“TATACHEM is presently trading at ₹1130. The stock has recently ready for breakout of Range on the daily chart with a significant increase in trading volume, indicating a potential breakout.

India joint venture has privately warned trade officials in New Delhi that a plan to curb imports of a key raw material for steelmaking overlooks the implications of the Red Sea crisis, a letter showed. The curbs planned by the world's second-biggest producer of crude steel could hit output, as they cap imports of a steelmaking fuel, low ash metallurgical coke, also known as met coke, at 2.85 million metric tons for a year. The April proposal, which came after growing shipments caused «serious injury» to domestic producers, also recommended setting quotas on met coke for exporting nations.

NMDC, the country's largest iron ore producer, with a one-year target price of ₹319 apiece, as the brokerage believes that the company is in the sweet spot amid rising pellet export demand coming from China. The company's shares have been on a roll over the last 12 months, climbing from ₹104 apiece to the current level of ₹273, resulting in a multibagger gain of 162%. Also Read: Gold climbs 1% to two-week high on increased Fed rate cut expectationsThe brokerage highlighted several key factors impacting the steel and pellet markets.

Bajaj Finance, Cholamandalam, and M&M Finance from 'Neutral' to 'Underperform' among NBFCs, citing expectations of lower growth, declining ROEs, and a delayed rate cut cycle.In the insurance sector, while remaining cautious, the brokerage has upgraded SBI Life from 'Neutral' to 'Outperform', believing IRDA regulations less impact it. It expects SBI Life to achieve sector-leading VNB (value of new business) growth of 15 percent and considers its valuations reasonable in this context.As per the brokerage, private sector banks are a steady power of compounding story.

Indian Hotels Company, EIH Ltd, Lemon Tree Hotels , Chalet Hotels share price have risen sharp 54-112% in a year benefitting from rising occupancy , average room rates leading to better revenue per available room (RevPar). The tailwinds have remained strong post easing of COVID-19 pandemic, and there has been a sustained increase in travel demand, with India continuing to be a popular destination.

₹418.01 crore worth IPO is a combination of fresh issue of 1.6 crore equity shares aggregating to ₹325 crore and offer for sale (OFS) component of 46 lakh shares aggregating to ₹93.01 crore.DEE Development IPO price band has been set at ₹193 to ₹203 per share. The IPO lot size is 73 shares.

Sensex rose 141.34 points to close at 77,478.93, while the Nifty 50 settled 51.00 points, or 0.22%, higher at 23,567.00.Amid high volatility on Thursday, certain stocks gave a fresh breakout. This means these stock prices moved above a significant resistance level on the chart pattern.

Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20.Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, and measures to control food inflation, PTI reported.Prominent industry figures, including Sanjay Aggarwal (President at PHD Chamber), Vinod Aggarwal (President at SIAM), Neeraj Akhoury (President at Cement Mfrs Association), Sanjay Kirloskar (CMD of Kirloskar Brothers), Arathi Krishna (MD of Sundram Fasteners), Shefali Misra (Vice President at Biocon), Yash Pal Sachar (Vice President at Ashok Leyland), and Samir Somaiya (President at IMC Chamber), and others, made recommendations for the Union Budget.Sanjiv Puri, President of industry body Confederation of Indian Industry (CII), presented eight points to Sitharaman for consideration.These included relief in income tax for lower income slabs, streamlining employment-linked incentive schemes such as the Production Linked Incentive (PLI) scheme, and promoting ease of doing business.CII also made recommendations for agriculture and rural development.Trade association, the Federation of Indian Chambers of Commerce & Industry's (FICCI) recommendations centred around driving capital expenditure, fostering innovation, and simplifying taxes.Former FICCI President Subhrakant Panda emphasised the need to support growth momentum by energising demand, enhancing infrastructure development, controlling food inflation, supporting MSMEs, and prioritising innovation and R&D.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session with modest gains amid mixed global cues. Following Accenture's optimistic revenue projection, information technology (IT) stocks rose. Nifty IT increased by 2% as a US-based industry bellwether predicted higher-than-expected full-year sales growth.

₹161.10 crore. Stanley Lifestyles IPO has established a price band of ₹351 to ₹369 per equity share with a face value of ₹2.

Tech Mahindra looks well placed on charts as the stock is standing above its significant moving averages. On June 6, a golden crossover was also formed on the chart, an indication of a potential bullishness of the security, when the 10-day EMA crossed over the 20-day EMA.

Bharat Petroleum Corporation (BPCL) had announced June 22 as the record date for its 1:1 bonus share issuance. Today is the last day to buy shares to qualify for receiving the company's bonus shares. In May, BPCL announced that it would issue bonus shares to eligible shareholders in a 1:1 ratio. This means that for every share held, shareholders will receive one additional share in their Demat account.

Sensex rose 141.34 points to close at 77,478.93, while the Nifty 50 settled 51.00 points, or 0.22%, higher at 23,567.00.Also Read: Indian stock market: 10 key things that changed for market overnight - Gift Nifty, BoE policy to Accenture Q3 resultsNifty 50 formed a small negative candle on the daily chart that placed beside the long negative candle of Wednesday. “Technically, this pattern indicates a doji type candle pattern, which doesn't have any significant predictive value, as the market is presently showing a broader sideways range movement.

Sensex gained 141.34 points, or 0.18%, to close at 77,478.93, while the Nifty 50 settled 51.00 points, or 0.22%, higher at 23,567.00.“The market is consolidating with a positive bias amid strong FII flows and healthy macros. Also, an expectation of a growth-focused budget is aiding sentiments and is likely to lead to sector-specific action.

MyVest, a prominent provider of enterprise wealth management technology to deliver personalized, tax-efficient retirement income solutions through a new collaboration.

in-app purchases, adds the publication. The platform's design is reminiscent of Instagram, complete with familiar tabs such as Home, Search (which also serves as a recommendation tool), Direct Messages (DMs), and Profile, all conveniently located at the bottom of the interface.As per the publication, upon signing up, users are guided through a comprehensive process to create their own Butterfly.

Indian stock market: The domestic benchmark equity indices, Sensex and Nifty 50, closed Thursday's session higher despite encountering volatility throughout the trading day. The 30-share BSE Sensex concluded the session with a gain of 141.34 points, or 0.18 per cent, closing at the level of 77,478.93. Meanwhile, the Nifty 50 finished at 23,567.00, up by 51.00 points, or 0.22 per cent.“Nifty index opened positive and remained choppy in a range of 180 points throughout the day.

«The government is going to form a high committee. Recommendations will be expected from that high-level committee to further improve NTA, its structure, functioning, examination process, transparency and data security protocol,» said Union Education Minister Dharmendra Pradhan.

RBL Bank vs DCB Bank: Leading private lenders RBL Bank and DCB Bank Ltd. have received bullish upgrades on their respective stocks from domestic brokerage firms after investors recently renewed their buying interest in the last few sessions.