Stock market update: Stocks that hit 52-week highs on NSE
MTNL, Sonam Clock, Pondy Oxides, GSK Pharma and Power & Instrument, hit their fresh 52-week highs at 10:29AM.
MTNL, Sonam Clock, Pondy Oxides, GSK Pharma and Power & Instrument, hit their fresh 52-week highs at 10:29AM.
YES Bank Ltd., incorporated in the year 2003, is a banking company (having a market cap of Rs 79592.58 Crore).
The Cabinet, chaired by Prime Minister Modi, approved the Union Budget 2024, set to be announced by Finance Minister Nirmala Sitharaman, marking her seventh consecutive budget. Expected focuses include income tax changes and improving business ease. The Economic Survey forecasts 7% medium-term growth, highlighting the need for structural reforms and collaboration
Ravi Dharamshi expects the Budget to stress revenue expenditure, capex, rural distress, PM Awas Yojana, energy transition, and private sector capex. With state elections approaching, supply chain shifts, potential new PLI scheme sectors, and measures to boost the middle class, he predicts government actions will stimulate the real estate cycle and increase market volatility.
A total of 196 shares changed hands on the counter till time (IST).
The 30-share BSE Sensex was down 113.87 points at 80388.21
Shares of Federal Bank surged 5.5% to a new high after announcing the appointment of Krishnan Venkat Subramanian as the new MD & CEO. Brokerages view this positively, citing his strong banking background and experience.
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2024.
On the technical charts, the 200-day moving average of the stock stood at Rs 2776.51.
Suzlon Energy's shares rose 4.7% to a new high of Rs 57.82 on the BSE following its strong Q1 FY2024 performance, with consolidated net profit reaching Rs 302 crore. This marks a 200% YoY increase from Rs 101 crore in the same quarter last year.
The NSE Nifty index was trading 68.16 points down at 24441.1
Rossari Biotech Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 4501.56 Crore) operating in Chemicals sector.
The stock traded at a P/E multiple of 21.28, while the price-to-book value ratio stood at 2.87.
Union Finance Minister Nirmala Sitharaman met President Droupadi Murmu to discuss the upcoming Union Budget 2024, presenting it in Parliament as per tradition. President Murmu offered 'Curd and Sugar' for good luck before the Finance Minister headed for a Cabinet meeting. Documents for the Union Budget, including Jammu and Kashmir's, have reached Parliament. Sitharaman's seventh consecutive budget may focus on income tax changes and improving business ease. The Economic Survey highlighted opportunities... Читать дальше...
The 30-share BSE Sensex was down 129.95 points at 80372.13
Piramal Capital and Housing Finance successfully raised $300 million through debut sustainability bonds. The final coupon rate of 7.95% was lower than the initial guidance. Major global coordinators included Deutsche Bank, Barclays, and Standard Chartered. The bonds are expected to be rated Ba3 by Moody's and BB- by S&P.
VL Infraprojects IPO offers fresh equity issue to raise Rs 18.52 crore. Company engaged in water supply and sewerage projects. IPO open for subscription until July 25. Key dates and details available for interested investors.
Budget 2024 Income Tax Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 today. Stay tuned for all the important income tax-related announcements in Budget 2024.
Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5927.34 Crore) operating in General sector.
A total of 1,930 shares changed hands on the counter till 10:10AM (IST)
UN report highlights challenges in the global fight against AIDS, with 40 million living with HIV and 9 million untreated. Progress has slowed, funding is shrinking, and new infections are rising in certain regions. Gender inequality exacerbates risks for women. Leaders urged to uphold promises and ensure resources for HIV response.
Route Mobile Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 10987.05 Crore) operating in Services sector
Google's proposed $23 billion acquisition of Wiz, aiming to strengthen Google Cloud against Microsoft, was canceled as Wiz chose an IPO. CEO Rappaport targets $1 billion in recurring revenue. CNBC and Fortune reported the memo. Wiz, protecting enterprises, made $350M annualized revenue. Regulatory hurdles include Justice Department antitrust cases and FTC scrutiny under President Biden.
PVR INOX Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13629.09 Crore) operating in Media & Entertainment sector.