Posts in category All News
India Cements shares rally nearly 14%, cross $1 billion m-cap on UltraTech deal (27-06-2024)
India Cements' shares jumped 13.7% in early Thursday, hitting a new 52-week high of Rs 299. This surge followed UltraTech Cement's approval to acquire a non-controlling 23% stake, crossing the company's market capitalization past the $1 billion mark. The deal, valued at approximately Rs 1,885 crore, saw about six crore shares traded in the pre-market session, with UltraTech purchasing India Cements shares at Rs 267 each.
Federal Bank shares gain 0.5% as Sensex rises (27-06-2024)
On the technical charts, the RSI of the stock stood at 66.21.
Sona Comstar BLW – Direct EV Play (27-06-2024)
I think they can grow consistently at 20-25% (excluding PLI) in long-term basis as long as they are introducing new products in their business.
They can do strategic acquisitions to expand their portfolio base like novollic acquisition.
I too like the management for their transparency, experience and vision.
Recently announced PLI qualifications will boost the bottom line quickly, if I remember correctly all their EV related products will come under PLI and benefit will be 10% of revenue. FY24 BEV revenue is around 800Cr.
Stock market update: Nifty Realty index falls 0.15% in an upbeat market (27-06-2024)
The Nifty Realty index was trading 0.15 per cent down at 1097.8.
Shares of Lupin rise as Nifty gains (27-06-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 1426.82.
After a 13% rally so far this year, is upside in MCX crude oil futures capped? (27-06-2024)
European Union's sanctions and China's economic concerns pose challenges for oil demand. Amidst the ongoing rally, uncertainties like a potential ceasefire in Gaza and China's economic health could influence oil prices. Expert projections hint at sustainability hurdles for the current uptrend in crude oil prices.
NSE SME Winny Immigration & Education Services makes a decent listing (27-06-2024)
Shares of Winny Immigration & Education Services were quoting at Rs 242.85 on the NSE, a premium of 73.46% compared with the issue price of Rs 140.
Stock market update: FMCG stocks down as market rises (27-06-2024)
The 30-share BSE Sensex was up 63.23 points at 78737.48