UPS Financial News

Adani Power Ltd. traded 0.54 per cent down in Friday's trade at 12:37PM (IST). Around 370,094 shares changed hands on the counter. The stock opened at Rs 754.05 and touched an intraday high and low of Rs 760.0 and Rs 745.7, respectively, in the session so far. Shares of the company of Adani Power Ltd. quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 230.95.

G7 Summit hosted by Italy's Prime Minister Giorgia Meloni, British Prime Minister Rishi Sunak's arrival was marked by a warm, albeit slightly awkward, greeting. The event, taking place in Borgo Egnazia, Apulia, Italy, from June 13 to 15, 2024, saw leaders from the world's major economies gather to discuss critical global issues. As Sunak walked up to Meloni, she welcomed him with a hug and a kiss on the cheek. The moment, captured on video and shared widely online, quickly went viral. While the interaction seemed cordial, internet users were quick to point out an awkwardness, with some suggesting that Meloni appeared to pull back slightly. One social media user humorously noted, «Rishi Sunak being greeted by Giorgia Meloni at G7 looked a lot like he went in for a snog and she pulled back. There was then a real 'eurgh, smelly breath' energy.» Another quipped, «Don't lean in, Rishi!»

Lupin Ltd. fell 0.26 per cent to Rs 1601.05 at 12:58PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 5,720 shares with a turnover of Rs 0.92 crore till 12:58PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 38.66, while the price-to-book value ratio stood at 5.16.

Tata Power Company Ltd. slipped 0.65 per cent to Rs 449.25 in Friday's trade as of 12:27PM (IST). The stock hit a high price of Rs 453.45 and low of Rs 448.15 during the session. The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 12:27PM shares and turnover at Rs 31.84 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 464.3 and 52-week low prices of Rs 215.65, respectively.

LTIMindtree Ltd. rose 0.17 per cent to Rs 5054.05 in Friday's trade. It hit an intraday high of Rs 5069.75 and low of Rs 4995.0, respectively, during the day. The stock quoted a 52-week high price of Rs 6442.65 and low of Rs 4518.35.

Bank of Baroda gained 0.76 per cent to Rs 284.8 in Friday's trade as of 12:12PM (IST). It hit a high of Rs 285.15 and low of Rs 281.8 during the session. The stock quoted a 52-week high price of Rs 298.45 and a low of Rs 182.65. The return on equity for the stock stood at 14.18 per cent. About 450,483 shares have changed hands on the counter so far.

Tube Investments of India Ltd. gained 0.94 per cent to Rs 4275.3 at 12:17PM (IST) in Friday's trade. The scrip hit a high of Rs 4296.35 and low of Rs 4182.8 so far during the session. The stock had closed at Rs 4235.2 in the previous session. The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 1.15 crore on BSE. The stock traded at a price-to-earnings multiple of 68.4 and a price-to-book ratio of 14.15.

initial public offering (IPO) will open on Friday, June 21, with a price band of Rs 351-369 per share and the lot size will be 40 equity shares. The company intends to raise Rs 537 crore from the offering and aims to be listed on the NSE and BSE platforms. The fixed-price IPO will comprise a fresh issue aggregating up to Rs 200 crore along with an offer for sale (OFS) of 91.34 lakh equity shares by the existing shareholders with a face value of Rs 2.

Bajaj Holdings & Investment Ltd. gained 0.93 per cent to Rs 8328.45 at 12:02PM (IST) in Friday's trade. The stock has hit a high of Rs 8409.9 and low of Rs 8269.0 so far during the session. The stock had closed at Rs 8251.6 in the previous session. The counter has had a total traded volume of 297 shares so far with a value of Rs 0.25 crore on the NSE. It traded at a price-to-earnings multiple of 12.88 and a price-to-book ratio of 1.7.

Delhi's Chandni Chowk area. Flames were still simmering under some collapsed portions of buildings and a cooling operation is underway, officials said on Friday. The fire broke out in Chandni Chowk's Old Katra Marwadi Market around 5 pm on Thursday. There were no casualties. Delhi Fire Services (DFS) chief Atul Garg said the fire was brought under control at 4.30 am.

Chevron Corp., Shell Plc, BP Plc, TotalEnergies Se, ConocoPhillips and Eni SpA? How about Tongwei Co., GCL Technology Holdings Ltd., Xinte Energy Co., Longi Green Energy Technology Co., Trina Solar Co., JA Solar Technology Co., and Jinko Solar Co.? If the former names are familiar giants and the latter obscure, you might want to rethink how you look at the companies that provide the world with energy. On a reasonable accounting of things, the latter are just as significant — if not more so — than the powerhouses of petroleum.

inflation in India, measured using the Wholesale Price Index, quickened to a 15-month high of 2.61 per cent on an annual basis in the month of May as against 1.26 per cent in April 2023, government data showed on Friday. WPI quickened considerably to 7.4 per cent in May from 5.5 per cent in April and 4.82 per cent in May 2023. Primary articles inflation quickened to 7.2 per cent in May from 5.01 per cent in April.

Jefferies gave a buy recommendation on Hindustan Aeronautics (HAL) with a target price of Rs 5,725, an upside potential of 12% from the previous day's closing price of Rs 5,103 per share. Jefferies anticipates HAL to sustain double-digit growth over the next 3-5 years, bolstered by positive sentiments surrounding defence indigenisation and exports.

Virat Kohli's string of low scores would be a concern for India when they square off against Canada in their final group match of the T20 World Cup on Saturday, hoping that the sky remains clear in this city even as several parts of Florida are ravaged by torrential rain. With three consecutive wins, India are through to the Super Eight stage, which will be held entirely in the West Indies. Kohli came into the T20 World Cup after setting the IPL ablaze, scoring upwards of 700 runs at a strike-rate of over 150 for Royal Challengers Bengaluru. Therefore, it wasn't an entirely misplaced expectation that he will continue to fire in the ICC showpiece, which is perhaps his final chance to earn India an ICC World Cup after 13 years.

DLF Ltd. gained 0.54 per cent to Rs 879.25 in Friday's trade as of 11:36AM (IST). The stock hit a high price of Rs 883.5 and low of Rs 871.55 during the session.

Shree Cements Ltd. traded 0.46 per cent up at Rs 27613.0 on Friday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 86.49 points to 76897.39. As many as 177 shares changed hands on the counter with a total value of Rs 0.5 crore.

Tasty Bite Eatables Ltd.(up 3.46%), Varun Beverages Ltd.(up 2.44%), Bikaji Foods International Ltd.(up 1.79%), Umang Dairies Ltd.(up 1.75%), Sheetal Cool Products Ltd.(up 1.59%), LT Foods Ltd.(up 1.45%), Emami Ltd.(up 1.27%), Prataap Snacks Ltd.(up 1.14%), Dangee Dums Ltd.(up 1.11%) and Nakoda Group Of Industries Ltd.(up 1.08%) were among the top gainers.

Penna Cement will increase Ambuja Cements' presence in India, particularly in South India, besides making way to markets in neighbouring Sri Lanka, the cement company said in a presentation explaining the rationale behind the acquisition. On Thursday, Ambuja Cements announced that it has decided to acquire 100 per cent shares of Penna Cement Industries Limited. Penna Cement to now become wholly owned subsidiary of Ambuja Cements. The transaction has an enterprise value of Rs 10,422 crore. The cement maker said that the transaction would be fully funded through internal accruals.

Keir Starmer's Labour Party, which leads in the opinion polls and which published its manifesto on Thursday, is targeting Britain's wealthiest people to support a public spending programme focused on schools, welfare, energy reform and the National Health Service.

Colgate-Palmolive (India) Ltd. traded 0.5 per cent up at Rs 2952.9 at 11:11AM (IST) on Friday, even as BSE benchmark Sensex gained 104.96 points to 76915.86. The scrip had closed at Rs 2938.1 in the previous session. The stock quoted a 52-week high price of Rs 3068.95 and 52-week low of Rs 1625.0, respectively. As per BSE data, total traded volume on the counter till 11:11AM (IST) stood at 2667 shares with a turnover of Rs 0.79 crore.

Marico Ltd. gained 0.98 per cent to Rs 616.8 in Friday's trade. It hit a high of Rs 619.6 and low of Rs 611.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 543.75, while the 50-DMA was at Rs 567.27. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.