Share Market LIVE: Sensex, Nifty expect cautious start; Gift Nifty flat
Zensar Tech: Buy at ₹396.40, target ₹414, stop loss ₹390;2] Syngene International: Buy at ₹780, target ₹811, stop loss ₹768; and3] VRL Logistics: Buy at ₹736, target ₹764, stop loss ₹722. (Read More)Housing Development Finance Corp., India’s largest mortgage lender, took its last bow from the stock market on Wednesday with a record high volume of ₹11,567.44 crore and the highest-ever deliverable quantity of 33.8 million shares, indicating that investors and traders took delivery ahead of the record date on 13 July to be eligible for receiving the merged HDFC Bank shares.In addition to fresh buying, those holding derivatives positions on NSE would have also opted for delivery as all derivatives contracts remaining open by the end of trade on 12 July would result in compulsory delivery, given the attractive swap ratio, said analysts.
This enabled the HDFC share to top the list of 25 most traded shares on Wednesday on the NSE. (Read More)HCL Technologies Ltd, the third-largest software services exporter in India, announced on Wednesday a 7.6% increase in net profit for the fiscal first quarter, reaching ₹3,534 crore compared to the same period last year.During the June quarter, the company recorded rupee revenues of ₹26,296 crore, reflecting a 12.1% year-on-year growth but a 1.2% sequential decline.
In constant currency (CC) terms, revenues grew by 6.3% compared to the previous year.The reported earnings fell short of both the company's expectations and the market's expectations. (Read More)Patanjali Foods Ltd, a company specializing in food and ayurvedic products, announced on Wednesday that its primary promoter, Patanjali Ayurved Ltd, is planning to divest a minimum of 7% stake for ₹2,533.9 crore through an offer-for-sale
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