UPS Financial News

Nifty were trading flat on Tuesday morning in the absence of any major triggers. However, a 3-5% rally in defence stocks like HAL, GRSE, and Mazagon Dock cheered retail investors. The rally in defence stocks came after the Cabinet Committee on Security cleared a Rs 26,000 crore deal for the procurement of 240 aero-engines for Sukhoi-30MKI fighter jets.

Vedanta on Tuesday gained 2% to its day’s high of Rs 473.05 after the company announced third interim dividend of Rs 20 per share for the financial year 2024-25. The total dividend payout will amount to Rs 7,821 crore and the company has set September 10 as the record date for the purpose.

₹75,000.Also Read | Apple's 'Glow Time' event: New leaks suggest iPhone 16 Series pricing - check detailsiPhone 15 Plus was launched at a price of ₹89,900 for the 128GB storage variant. However, the Apple flagship is now available for ₹75,999 on Flipkart, a discount of ₹13,601 from the official price. Moreover, there is up to a ₹38,350 discount on exchanging the old device.

The oldest millennials have entered their 40s and are noticing the effects of aging. It might not be in their heads. A growing body of research says the aging process might resemble rolling hills more than a slow and steady climb.

Sanofi India Ltd.(up 3.83 per cent), Gland Pharma Ltd.(up 2.96 per cent), Mankind Pharma Ltd.(up 2.63 per cent), Glenmark Pharmaceuticals Ltd.(up 1.55 per cent) and Ipca Laboratories Ltd.(up 1.49 per cent) were among the top gainers.

Asian shares are trading mixed as investors look ahead to a key report on U.S. employment set for release later in the week

VRL Logistics with a target price of Rs 660. The current market price of VRL Logistics Ltd. is Rs 544.8. VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4617.02 Crore) operating in Logistics sector.

Indian High Commissioner to Brunei, Alok Amitabh Dimri termed Prime Minister Narendra Modi's visit to the nation «historic» and said the two nations have been civilizational neighbours. PM Modi embarked on the visit to Brunei on Tuesday. Notably, this is the first visit by an Indian PM to the nation. He is expected to hold high-level engagements with Sultan Haji Hassanal Bolkiah and other members of the Royal Family.

Indian Phosphate debuted on the NSE SME platform with a premium of 90% on Tuesday. The stock listed at Rs 188.10 on NSE as against an offer price of Rs 99. Ahead of the debut, the company's shares traded at a premium of over 126% in the unlisted market.

Reasons to buyReasons to avoidThe Philips Collection HD2582/00 830-Watt 2-Slice Pop-up Toaster is designed to deliver perfectly toasted bread every time. With its 830-Watt power and compact design, it is ideal for small kitchens. Its high lift feature makes it easy to remove smaller slices of bread.Reasons to buyReasons to avoidThe Pigeon 2-Slice Pop-up Toaster is a reliable and efficient toaster for everyday use.

Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said, as the U.S. automaker strives to increase the appeal of its best-selling yet aging electric vehicle (EV). Tesla has asked suppliers to prepare accordingly for a double-digit increase of Model Y output at its Shanghai factory, said one of the people, who declined to be named as the plan is not public. Tesla did not immediately respond to a request for comment.

Brigade Enterprises plans to raise up to Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its Qualified Institutional Placement (QIP) issue to raise funds. In a regulatory filing late on Monday, Brigade Enterprises informed that a committee of directors authorised the opening of the QIP Issue on Monday.

₹427 to ₹450 per equity share, having a face value of ₹1. Anchor investors infused ₹846 crore into the company.The initial public offering (IPO) comprises a fresh issuance of equity shares totalling up to ₹1,291.4 crore and an Offer for Sale (OFS) of a maximum of 3.42 crore shares by the existing shareholders, which amounts to approximately ₹1,539 crore based on the upper band price of ₹450.As part of the offer-for-sale component, South Asia Growth Fund II Holdings LLC (SAGF II) will sell 2.68 crore equity shares, South Asia EBT Trust will divest 1,72,800 equity shares, and promoter Chiranjeev Singh Saluja will offload 72,00,000 equity shares.Founded in April 1995, Premier Energies Limited specialises in the production of integrated solar cell and solar panels.

Raymond Ltd. is looking to list its apparel and real estate units by the end of 2025 as the founders look to boost shareholder value. The group, which oversees a motley mix of businesses ranging from engineering, aerospace to fashion and realty, will have three listed entities by next year, after Raymond Lifestyle Ltd. starts trading in Mumbai on Thursday and the real estate unit gears up for a 2025 listing, Chairman Gautam Hari Singhania said in an interview.

market is likely to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.15% at 25,338 levels on Monday. India VIX was up by 5.17% from 13.39 to 14.06 levels.

PNB Housing Finance with a target price of Rs 1164. The current market price of PNB Housing Finance Ltd. is Rs 954. PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 24918.33 Crore) operating in NBFC sector.

Gujarat Gas with a target price of Rs 755. The current market price of Gujarat Gas Ltd. is Rs 671. Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 46810.53 Crore) operating in Gas & Petroleum sector.

Grasim Industries with a target price of Rs 3160. The current market price of Grasim Industries is Rs 2690. Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 183122.43 Crore) operating in Diversified sector.

trading sessions, Nifty has created a new record of longest winning streaks in Dalal Street's history but the gravity-defying No. 13 feat can now create trouble for bulls going forward. Such long periods of uninterrupted winning streaks are usually followed by negative returns. A study of Nifty's marathon runs lasting at least 9 days while being within 1% of its all-time high shows that the index has given negative returns of 3% in the next one month.

A gas traders playbook Every trader is like a cricket batsman. A batsman knows he cannot score a boundary on every ball. He focuses on taking a single or a double as often as possible, and waits for an opportunity to score a perfect boundary.

Bajaj Finance and Bajaj Finserv the Rs 6,560 crore initial public offering (IPO) of Bajaj Housing Finance will hit the Street on September 9 and has announced a price band of Rs 66-70 for the same. The bids can be made for a minimum quantity of 214 shares and in multiples of 214 thereafter.