Trade Financial News

LTIMindtree Ltd. traded 1.19 per cent lower in Tuesday's session at 01:27PM (IST). The stock opened at Rs 6310.55 and has touched an intraday high and low of Rs 6345.95 and Rs 6211.65, respectively, during the session so far. The stock quoted a 52-week high of Rs 6575.0 and a 52-week low of 4518.35. About 5,682 shares changed hands on the counter so far.

United Spirits Ltd. traded 0.17 per cent down in Tuesday's trade at 01:38PM (IST). Around 15,207 shares changed hands on the counter. The counter opened at Rs 1631.5 and touched an intraday high and low of Rs 1648.4 and Rs 1612.15, respectively, in the session so far. The stock of United Spirits Ltd. quoted a 52-week high of Rs 1648.4 and a 52-week low of Rs 981.25.

Indian Energy Exchange (IEX) fell by 9.4% following news of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal year or the start of FY26. The share price of IEX was recorded at Rs 216.88, down from the previous close of Rs 239.25. Additionally, around 1 PM, 18.40 lakh IEX shares changed hands, significantly higher than the previous two weeks' average volume of 6.49 lakh. On the NSE, approximately 5.10 crore shares were traded, according to reports.

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Varun Beverages Ltd. traded 1.46 per cent down at Rs 644.2 at 11:56AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 94.96 points to 84833.65. The scrip had closed at Rs 653.75 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 682.84 and Rs 331.28, respectively.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says there is a case for some amount of bounce back from the technical point of view itself if I have to put it across. Still, at this point of time while we are talking, given the kind of last quarter's commentary which has come from most of these companies, their growth average is not going to be more than 15% to 20% on a year-over-year basis. One would like to buy PSU stocks, but at a corrected price with the time correction along with it. What is your take on the PSUs, given the bit of a rebound from the lows yesterday? Of course, this sector was at the forefront. Are we likely to see some sort of a synchronized rebound or is it going to be very stock-specific? Deven Choksey: I believe that the PSU companies have mostly given a significant amount of price correction. So, certainly, it was across-the-board in many of the cases where we saw the fall, be it in the capital goods segment, be it in the metal commodity space, be it in the engineering space or for that matter any other areas in which the ship building, defence, etc. Each and every one of them have given significant price corrections.

Indian Navy's frontline stealth frigate, INS Talwar, arrived in Mombasa, Kenya for strengthening ties between the two nations. The frigate arrived in the harbours of Mombasa on Sunday. The visit aims to strengthen ties further and reaffirm India's commitment to constructive collaboration and mutual growth. According to a statement by the Ministry of Defence, the navies of Kenya and India would be engaging in various interactions to strengthen cooperation and interoperability.

ACC Ltd. traded 0.79 per cent down at Rs 2463.0 on Tuesday at around 11:51AM (IST), while the benchmark BSE Sensex declined 64.99 points to 84863.62. As many as 2,048 shares changed hands on the counter with a total value of Rs 0.51 crore.

Indian Oil Corporation Ltd. traded 0.76 per cent up at Rs 170.9 at 10:39AM (IST) on Tuesday, even as BSE benchmark Sensex gained 67.91 points to 84996.52. The stock had closed at Rs 169.6 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 196.8 and Rs 85.51, respectively.

Phoenix Mills Ltd.(up 1.89 per cent), DLF Ltd.(up 1.25 per cent) and Mahindra Lifespace Developers Ltd.(up 0.4 per cent) were among the top gainers.

Ashok Leyland Ltd. gained 0.69 per cent to Rs 238.05 at 10:45AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 239.0 and low of Rs 236.4 so far during the session. The stock had closed at Rs 236.4 in the previous session. The counter has had a total traded volume of 176766 shares so far with a value of Rs 4.2 crore on the NSE. It traded at a price-to-earnings multiple of 28.53 and a price-to-book ratio of 5.58.

Ravindra Energy Ltd.(up 5.00%), KPI Green Energy Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%), NLC India Ltd.(up 3.62%), Torrent Power Ltd.(up 3.55%), Tata Power Company Ltd.(up 2.33%), Adani Energy Solutions Ltd.(up 2.15%), Power Grid Corporation of India Ltd.(up 2.01%), Voltamp Transformers Ltd.(up 1.59%) and KEC International Ltd.(up 1.27%) were among the top gainers.

PI Industries Ltd. gained 1.12 per cent to Rs 4742.2 in Tuesday's trade as of 10:50AM (IST). The stock hit a high price of Rs 4756.95 and low of Rs 4693.35 during the session.

Max Healthcare Institute Ltd. rose 4.32 per cent to Rs 1099.65 in Tuesday's trade. It hit an intraday high of Rs 1117.05 and low of Rs 1066.85, respectively, during the day. The stock quoted a 52-week high price of Rs 1117.05 and low of Rs 531.05.

Reliance Power today again hit a new 52-week high at their 5% upper circuit of Rs 40.06 on BSE after the company in its board meeting on Monday approved the issuance of up to 46.20 crore equity shares/warrants worth Rs 1,525 crore via a preferential allotment. The issue price has been set at Rs 33 per share.

Power Grid Corporation of India with a target price of Rs 425. The current market price of Power Grid Corporation of India is Rs 345.4. Power Grid Corporation of India Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 319801.26 Crore) operating in Power sector.

China has made several moves in recent months to advance its ambitious aim to become the trade and transportation hub of Asia. To its west, China has agreed to build a rail line across Central Asia. Beijing also said it would help Vietnam plan three rail lines leading to the countries' shared border. And China is trying to persuade Russia and North Korea to let it reopen a long-closed port on the Sea of Japan. If successful, the plans would give China closer ties to the economies of Northeast and Southeast Asia, the Mideast and even the Arctic, the latest steps in its 11-year-old Belt and Road Initiative to create a more China-centered global order.

Northern Arc Capital listed on the exchanges on Tuesday with a premium of 33.5%. The stock debuted at Rs 351 on BSE and Rs 350 on NSE against an issue price of Rs 263. The company, a leading non-banking financial company (NBFC) specializing in retail loans, received an impressive response for its IPO, with a subscription rate of 117.19 times.