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Also Read: ‘Economy to grow at 8% in FY25, green shoots visible in rural consumption’Amid this backdrop, alcohol companies have seen their volumes grow strongly, leading to higher realisations per case. Notably, the premium segment continued to see strong positive traction, while the demand trends in the regular category remained below expectations owing to a general up-trending by certain consumers and a slowdown at the lower end.

₹1,329 apiece, primarily due to the steep valuation of the stock.In a report on June 17, InCred Equities pointed out that Adani Ports stock trades at 18.2 times FY25F EV/EBITDA versus six-year average one-year forward EV/EBITDA of 14.1 times.The brokerage firm cut its EBITDA estimates for FY25/26F by 3 per cent each but maintained its target price of ₹1,329. It said its target price implies 15 times FY26F EV/EBITDA.EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation, and amortisation) is a financial metric used to evaluate the value of a company.

HFCL (Himachal Futuristic Communications Limited), a company with diverse operations in telecom infrastructure, has experienced a remarkable surge in its stock value during today's early trade after the company on Monday said it is the only Indian optical fiber cable manufacturer to have been exempted from anti-dumping duties by the European Commission.Highlighting a decision by the European Commission on June 14, 2024, HFCL said: In the said decision, it was determined that HFCL is the only Indian company not engaged in the dumping of OFC in European markets, whereas provisional anti-dumping duty has been determined on all other Indian optical fiber cable manufacturers in the statement issued by the European Commission. This makes HFCL the only Indian optical fiber cable manufacturer to have been exempted from anti-dumping duties by the European Commission."Also Read: M&M share price hits record high as brokerages raise target priceThe company has been operating in Europe for over a decade and has long-term engagements with some of the leading telcos and ISPs in many countries in Europe.Following this positive development, the company's shares opened today's session with a 5% gap up at ₹121 apiece, compared to the previous day's close of ₹117, and continued to strengthen, reaching ₹129, marking a notable increase of 10.25%.Today's rally marks the ninth consecutive day of gains for the stock, during which it has surged by 52%.

Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, gained for the fourth consecutive session, reaching new all-time highs in early trade on Tuesday, aided by strong global market trends, buying in IT sectors, and fresh foreign capital inflows.The Nifty 50 surged by 60 points to 23,529, while the BSE Sensex climbed 101 points to 77,195 immediately after trading began. The markets reopened today after being closed on Monday for Eid al-Agha.According to Geojit Financial Services' Chief Investment Strategist, Dr.

Hindustan Aeronautics (HAL) share price gained more than 5% in opening trades on Tuesday to 52 week highs following news flow pertaining to tenders being floated by the government for Light Combat Helicopter. Hindustan Aeronautics (HAL) share price having gained more than 170% in last one year already has given Multibagger returns to the investors.

₹3,006.45 apiece on the BSE.Auto major Mahindra & Mahindra (M&M), in its Investor Day presentation, announced its plans to launch a total of 23 new vehicles by 2030, including new SUVs. M&M's SUV market share has risen from 15% in FY21 to 18% in FY24.The company also plans to introduce seven Born Electric Vehicles (BEV) by the end of the decade.

ICICI Lombard General Insurance Company with a target price of Rs 2100. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1730.1. ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85278.90 Crore) operating in Financial Services sector.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 364179.85 Crore) operating in Auto sector.

Macrotech Developers with a target price of Rs 1770. The current market price of Macrotech Developers is Rs 1556.25. Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.

corporate earnings, we screened out a list of companies which saw consistent growth of at least 20% in both sales and profit in all the last four quarters of FY24. Out of them, there are at least 12 stocks with multibagger returns in the last one year. For the sake of this study, we considered only those companies with a market capitalisation of over Rs 10,000 crore and excluded the leveraged businesses of banks and NBFCs.

Mahindra Financial Services Ltd. is Rs 297. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 36936.17 Crore) operating in NBFC sector.

European Union countries have given final approval to a major and long-awaited plan to better protect nature in the 27-nation bloc

Stock market today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992.

Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS among others will be in focus due to various news developments. APL Apollo Tubes The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to hear afresh the insolvency plea filed by APL Apollo Tubes against one of its purchasers of goods.

Buy or sell stocks for today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992.

advance tax collection in this financial year till June 15 surged 27.6% year-on-year to ₹1.48 lakh crore, signalling a robust economy and strong corporate performance, said people privy to the information. The amount included ₹1.14 lakh crore as corporate tax and ₹34,362 crore as personal income tax, they said. The advance tax collection between April 1 and June 15 last year was ₹1.16 lakh crore, comprising ₹92,172 crore as corporate tax and ₹23,513 crore as personal income tax.

Canada’s core values have shifted so meaningfully that I am afraid they are destroying the economic future of this country for our children and grandchildren.

Canadians have remained in the dark for years about interference by China and other foreign countries in their democracy. Inquiries have been slow-walked, delayed or obstructed by the Trudeau government.

Vodafone Idea (Vi) has proposed borrowing Rs 23,000 crore from banks in term loans — and sought another Rs 10,000 crore in bank guarantees — as the country's third-largest telco looks to line up the capital expenditure necessary to compete effectively with bigger rivals Reliance Jio and Airtel in a telecom market that had once threatened to slip into a duopoly. The Vodafone Plc and Aditya Birla Group joint venture, which recently satisfied long-pending demands from the lenders to commit more equity to the business, submitted the term loan proposal at a meeting of a State Bank of India (SBI)-led banking consortium a few days ago, people familiar with the matter said. The loans sought are part of the targeted Rs 55,000-crore ($6.6 billion) capex funding Vi needs to boost 4G coverage and kickstart greenfield 5G rollouts in key markets. In its presentation to lenders, Vi said it needs the money to upgrade its mobile broadband network infrastructure in its 17 priority markets. Techno-economic viability report:

bio-bitumen from biomass or agricultural waste, a move that would help reduce imports of the material used for asphalting of roads while also addressing the persistent issue of stubble burning. India currently imports about half of its annual requirement of bitumen and the target is to replace imports with bio-bitumen over the next 10 years, a senior government official told ET. «Based on the success of the pilot study, we hope to kick-start production of bio-bitumen on a large scale by the end of 2025,» the official added. The Central Road Research Institute (CRRI) will soon undertake a pilot study with the Indian Institute of Petroleum, Dehradun on a 1-km road stretch which will be built using bio-bitumen. If successful, the technology will be commercialised and transferred to a private entity or public sector enterprises for large-scale production of bio-bitumen, to be used in the construction of national highways.

renewable energy capacity in the ongoing financial year, higher than last fiscal's addition of 18.4 GW, two senior government officials told ET. Renewable energy sources contributed 71% to the 26 GW of power generation capacity that India added in FY24, according to the Council on Energy, Environment and Water. Nodal agencies with auction responsibility are likely to bid out 50 GW of renewable energy capacity in the ongoing FY25, as is the decided trajectory for each of the five years starting FY24. In the last fiscal year, the agencies auctioned around 51 GW of such capacity, according to one of the officials.