Trade Financial News

Ambuja Cements Ltd. rose 0.96 per cent to Rs 666.9 in Friday's trade as of 10:51AM (IST) even as the benchmark Nifty ruled at 24127.85, up 83.35 points. The scrip had closed at Rs 660.55 in the previous session. The stock quoted a 52-week low of Rs 404.0 and a high of Rs 690.0. The company quoted a market-cap of Rs 163600.66 crore on the BSE.

Sobha Ltd.(up 0.91 per cent), Godrej Properties Ltd.(up 0.79 per cent), Sunteck Realty Ltd.(up 0.46 per cent), Brigade Enterprises Ltd.(up 0.39 per cent) and DLF Ltd.(up 0.32 per cent) were among the top gainers.

Lupin Ltd. traded at Rs 1612.5 on BSE at 10:35AM (IST) on Friday, up 1.77 per cent. The stock quoted a 52-week low price of Rs 876.1 and a high of Rs 1727.9. Earlier in the day, the stock saw a opening.

On Thursday, gold and silver settled on a positive note in the international as well the domestic market. On MCX, gold August futures contract settled at Rs 71,572 per 10 grams with a gain of 0.68% and silver july futures contract settled at Rs87,048 per kilogram with a gain of 0.10%

Allied Blenders and Distillers received a robust response from investors for its IPO with an overall subscription of 24 times at close. The company will likely finalise the share allotment today. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

The counter has had a total traded volume of 109733 shares so far with a value of Rs 10.96 crore on the NSE. It traded at a price-to-earnings multiple of 71.79 and a price-to-book ratio of 23.03.

Ponni Sugars(Erode)Ltd.(up 2.73%), Uttam Sugar Mills Ltd.(up 2.23%), Dalmia Bharat Sugar and Industries Ltd.(up 2.12%), Avadh Sugar & Energy Ltd.(up 1.79%), Magadh Sugar & Energy Ltd.(up 1.71%), KM Sugar Mills Ltd.(up 1.64%), Rana Sugars Ltd.(up 1.55%), Sakthi Sugars Ltd.(up 1.43%), Kothari Sugars & Chemicals Ltd.(up 1.26%) and Shree Renuka Sugars Ltd.(up 1.21%) were among the top gainers.

An analysis of equities over the past four quarters revealed nine stocks that have consistently achieved gains of at least 25% in each of the last four quarters, thereby transforming into multibaggers.

gold in the last one week has been 1.6% .whereas in the last month it has been 1.53%.The cost of silver is Rs.87220.0 per kg up by Rs.100.0 per kg. Gold Price Today in Delhi is ₹73533.0/10 grams. Yesterday’s Gold Price on 27-06-2024 was ₹73532.0/10 grams.

Bharat Heavy Electricals (BHEL), a leading engineering and manufacturing company in the energy and infrastructure sectors, have gained 4% to ₹308 apiece in today's early morning trade after the company secured a significant contract to establish a 1600 MW thermal power plant in Koderma, Jharkhand.Commensurate with the goal of the central government to ensure the energy security of the country, DVC has finalised the tender for the engineering, procurement, and construction (EPC) package of Koderma TPS (2X800 MW) in Jharkhand with Bharat Heavy Electricals for ₹13,300 crore on June 26, 2024, a power ministry statement said.With this investment, which would also have a substantial impact on the local economy and benefit people, the installed thermal generation capacity of DVC would go up to 8140 MW by 2030.The company has secured significant orders in FY24, marking a notable achievement. Among the major orders received last year are the EPC orders for Yamuna Nagar, Lara Super Critical Power Plant, and Raigad Super Critical Power Plant from the Adani Group.Additionally, the company received orders for 80 Vande Bharat trains and 20 super rapid gun mounts for naval ships, with the contractual delivery of Vande Bharat trains set to begin in June 2025.The company has focused heavily on defence, securing a large volume of orders over the past 1.5 years.

₹422.95 apiece on the BSE.Emkay Global assigned a ‘Buy’ rating to Man Industries (India) shares with a target price of ₹500 per share, implying a 27% upside.Man Industries stock price has more than doubled within one year, reflecting improved business fundamentals as well as greater visibility on execution of its announced expansion plans. Also, industry tailwinds in the form of demand growth for pipes as well as capacity growth by peers have provided meaningful clarity on Man Industries charting a similar path, analysts said.Also Read: Jio tariff hike impact: Reliance, Bharti Airtel jump, Vodafone Idea share falls 2.5%“We reckon the optimism around such tailwind and growth aspirations are mostly in the price = ‘potential’.

Stock Market News: The key domestic equity indices, the Sensex and the Nifty 50, opened Friday's trading at new all-time highs. Reliance Industries, the oil-to-telecom behemoth that has led this week's advances, was once again in the spotlight following the announcement of tariff hikes by its telecom subsidiary Jio.In the initial trading, the Nifty 50 started up 41.40 points, or 0.17%, at 24,085.90, while the Sensex rose 214.40 points, or 0.27%, to 79,457.58.Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, believes that the Sensex might reach 80,000 due to market momentum.

Benchmark NSE Nifty index rose 86.41 points to 24130.9 amid buying in frontline bluechip stocks.

Medicamen Organics listed with a premium of 305.44% on the NSE SME platform on Friday. The stock debuted at Rs 137.85, compared with an issue price of Rs 34 Ahead of the listing, the company's shares were trading with a premium of Rs 50 in the unlisted market.

Domestic benchmark index NSE Nifty gained 72.66 points to 24117.15, while the BSE Sensex traded 220.58 points up at 79463.76.

Marico Ltd. gained 1.21 per cent to Rs 619.05 in Friday's trade as of 10:20AM (IST). It hit a high of Rs 622.1 and low of Rs 610.85 during the session. The stock quoted a 52-week high price of Rs 666.85 and a low of Rs 486.75. The return on equity for the stock stood at 38.64 per cent. About 7,488 shares have changed hands on the counter so far.

stocks and strong support from Reliance Industries (RIL), which was one of the top contributors, just behind Infosys. The 30-stock S&P BSE Sensex reached a new high of 79,396.03 before closing at 79,278.78, up by 604.53 points or 0.77%. Meanwhile, the broader Nifty crossed the 24,000 mark for the first time, hitting a record high of 24,087.45 before ending the day at 24,044.50, gaining 175.70 points or 0.74%.

Sensex and Nifty on Friday rallied for the fifth consecutive day on Friday to scale fresh 52-week high amid buying across sectors and bluechips. Sensex rallied over 250 points to cross the 79,500-level, while Nifty also scaled a new peak of 24,124.25 in the morning session. Within the blue-chip Nifty50 pack, ONGC, Divi's Lab and Coal India were the top gainers by rallying around 2% each. Telecom stocks were in focus today after Reliance Jio and Bharti Airtel raised tariffs. Both the stocks were trading around 1% higher.

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Stock market today: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087. The BSE Sensex finished 568 points higher at 79,243 after hitting a new record high of 79,396.

Stocks to buy or sell: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087.