UPS Financial News

Bharat Electronics Ltd. traded 1.02 per cent up at Rs 207.2 on Friday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 706.74 points to 73207.04. As many as 386,296 shares changed hands on the counter with a total value of Rs 7.98 crore.

India's manufacturing industry enjoyed robust growth in February with activity expanding at its fastest pace in five months, led by accelerated global demand and lower inflationary pressures, a private survey showed. The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 56.9 in February from January's 56.5, beating a preliminary estimate of 56.7. India's manufacturing PMI has been above the 50-mark that separates growth from contraction for 32 months.

Ambuja Cements Ltd. gained 1.21 per cent to Rs 613.9 at 10:30AM (IST) in Friday's trade. The counter hit a high of Rs 615.25 and low of Rs 607.0 so far during the session. The stock had closed at Rs 606.55 in the previous session. The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 3.73 crore on BSE. The stock traded at a price-to-earnings multiple of 38.48 and a price-to-book ratio of 2.29.

Godrej Consumer Products with a target price of Rs 1500. The current market price of Godrej Consumer Products is Rs 1273.9. Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 130419.82 Crore) operating in FMCG sector.

Godrej Consumer Products Ltd. traded 1.62 per cent higher in Friday's session at 10:20AM (IST). The stock opened at Rs 1246.0 and has touched an intraday high and low of Rs 1280.3 and Rs 1246.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 1299.9 and a 52-week low of 895.0. About 3,031 shares changed hands on the counter so far.

On the BSE, Sagar Diamonds(down 19.94 per cent), Indo Us Bio-Tech(down 12.44 per cent), Max Healthcare(down 8.91 per cent), Informed Tech(down 7.55 per cent) and Ind Swift Ltd(down 7.18 per cent) were among the stocks that plunged over 5 per cent during the session.

Benchmark NSE Nifty index rose 217.36 points to 22200.15 amid buying in frontline bluechip stocks.

Lexus Granito(India)Ltd.(up 3.98%), MOIL Ltd.(up 3.77%), Madhav Marbles & Granites Ltd.(up 3.42%), Pokarna Ltd.(up 2.77%), Ashapura Minechem Ltd.(up 1.98%), Sandur Manganese & Iron Ores Ltd.(up 1.72%), Gujarat Mineral Development Corporation Ltd.(up 1.70%), Coal India Ltd.(up 1.45%), NMDC Ltd.(up 1.42%) and Aro Granite Industries Ltd.(up 1.11%) were among the top gainers.

Oops, you slipped next to the pool and dropped your phone into the water

A shop in Iran’s capital has been offering consumers in the Islamic Republic one of the hottest products in the country — an iPhone that came out in 2021

The Employees' Provident Fund Organisation (EPFO), the retirement fund body, permits subscribers to withdraw funds from their EPF Account. To facilitate smooth withdrawals, members need to maintain accurate bank account records. Instances have occurred where individuals close their bank accounts without updating their new account details in their EPF Account. Incorrect bank details can result in failed credit transactions. Subscribers can rectify this issue by updating their bank account details through the EPFO portal.

Thyrocare Technologies with a target price of Rs 725. The current market price of Thyrocare Technologies is Rs 686.5. Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 3631.76 Crore) operating in Hospitals & Allied Services sector.

Tube Investments of India Ltd. traded at Rs 3587.3 on BSE at 10:00AM (IST) on Friday, up 2.99 per cent from previous close. The stock quoted a 52-week low price of Rs 2432.0 and a high of Rs 4120.8.

Europe’s tool to tax pollution linked to goods made abroad underline the challenges of motivating companies worldwide to go greener. Slow communication and technical difficulties have held up businesses’ compliance with the European Union’s new Carbon Border Adjustment Mechanism, which is designed to protect local producers against competition from countries with lower environmental standards. In Germany, less than 10% of companies have registered to the platform as of Feb. 28, according to people familiar with the matter. Given the issues, the European Commission extended its deadline to submit reports for a second time — until the end of March — in an announcement made to member states this week, said the people, who asked not to be named as the details are private.

Happy Forgings with a target price of Rs 1125. The current market price of Happy Forgings Ltd. is Rs 954.9. Happy Forgings Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 8921.20 Crore) operating in Auto Ancillaries sector.

Rs 420 after Paytm and Paytm Payments Bank mutually agreed to discontinue various inter-company agreements.

Deepak Shenoy, Founder, Capital Mind, says: “We would like to buy more when the stocks go up rather than just on declines. But we are still very positive on a few themes that are very specifically India, because of the infrastructure changes, because of the focus on a lot of Indian local domestic improvements where adding more players in logistics for instance allows us to see the urban and rural consumption divide narrowing down over a period of time because of accessibility, roads, rail, and cargo infrastructure. We are adding a few players. We have very little changes from last time but we have added a couple of special situations. Indian manufacturing space is where we are targeting. From semiconductors to a bunch of players around infrastructures, around domestic manufacturing, auto ancillaries we have added.” I understand you were part of that meeting where the finance minister met the fintechs. What really came out of it, was Paytm top of the heap? Deepak Shenoy: No, we were talking more about the problems faced by the fintech industry in general from a perspective of what could be done to improve the situation. Some of them involve a deeper consultation with the RBI, some of them are issues around how the taxation laws are created, some of them were ideas about new products.

Sadhav Shipping debuted with a premium of 42% on the NSE SME platform on Friday. The stock listed at Rs 135 as against an offer price of Rs 95. Ahead of the listing, the company's stock traded with a premium of Rs 30 in the unlisted market.

Indian equity indices traded with gains on Friday, as faster-than-expected domestic economic growth and in-line U.S. inflation data boosted sentiment. The BSE Sensex was trading 405 points or 0.56% lower at 72,905. Nifty50 was trading at 22,119, up 139 points or 0.63% at around 9.20 am.

Narendra Modi on Friday said the upcoming semiconductor units will further strengthen India's «transformative journey» towards technological self-reliance. The Union Cabinet on Thursday approved proposals to set up three semiconductor plants, including a mega fab by Tata Group, at a cumulative investment of Rs 1.26 lakh crore, as India moves to position itself as a global powerhouse in chip manufacturing. Modi said on X, «With the Cabinet approval of three semiconductor units under the India Semiconductor Mission, we are further strengthening our transformative journey towards technological self-reliance. This will also ensure India emerges as a global hub in semiconductor manufacturing.»

Netflix has just announced a new comedy show featuring the beloved actor-comedian, titled 'The Great Indian Kapil Show.' And here's the cherry on top: Sunil Grover, known for his hilarious antics, will be joining Kapil Sharma once again, marking their reunion after their successful stint on 'The Kapil Sharma Show.'