Buy Ambuja Cements, target price Rs 800: Motilal Oswal
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 166149.99 Crore) operating in Cement sector.
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 166149.99 Crore) operating in Cement sector.
From the Sensex pack, Maruti Suzuki, JSW Steel, Tata Motors, Power Grid, and Adani Ports were the top gainers, rising 1-3.5%, while M&M, Infosys, UltraTech Cement, and Sun Pharma opened in the red.
Equity mutual funds saw impressive returns in July, with the Quant PSU Fund yielding 11.19% and the HDFC Technology Fund at 9.91%. Pharma and healthcare funds also performed well, with LIC MF Healthcare and Aditya Birla SL Pharma & Healthcare funds both returning around 9.7%. Overall, 566 out of 615 equity funds posted positive returns.
Kerala police commenced an investigation after noticing a social media campaign against Chief Minister Pinarayi Vijayan's appeal for landslide relief in Wayanad. The campaign was spread on platform X from the handle 'Koyikodans 2.0'. The authorities are taking strict action against those responsible. Vijayan encouraged donations to the Chief Minister's Disaster Relief Fund.
Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 321817.67 Crore) operating in Mining sector.
At the Indian Premier League (IPL) owners meet, Delhi Capitals opposed the impact player rule, while Sunrisers Hyderabad supported seven retentions. The meeting was organized by the Board of Control for Cricket in India (BCCI) to discuss retentions for the upcoming IPL 2025 season. Some teams support the impact player rule, as it allows young players to play in the T20 tournament, while others oppose it due to its detrimental effects on allrounder development.
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 361593.31 Crore) operating in Auto sector.
Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 412364.13 Crore) operating in Auto sector.
On July 31, nine stocks from the NSE with a market cap exceeding ₹1,000 crore had their closing prices surpass the 200 DMA, according to StockEdge's technical scan data.
The Nifty index stabilized within a 24,800 to 25,000 range over the last three days, forming a symmetrical triangle pattern. It concluded July with a 3% increase, driven by the Union Budget and FII buying. Analysts expect this momentum to persist, predicting targets above 25,000 and immediate support at 24,900.
Italian researchers reported the first case of virgin birth in the smooth-hound shark, where two female sharks produced offspring without male fertilization. This parthenogenesis, observed annually in captivity since 2020, reveals new insights into the reproduction of this endangered species. The smooth-hound shark faces population decline due to illegal fishing practices.
Brainbees Solutions, which runs FirstCry, floated its IPO at a $2.9 billion valuation with a share price range of Rs 440-460. The IPO opened on August 6, closing on August 8. The company cut its fresh issue to Rs 1,666 crore and offered 54 million shares for sale. The anchor investor round began on August 5.
Wednesday season 2 will release on Netflix. Jenna Ortega's hugely popular show is likely to premier next year.
Vedanta has set August 3 as the record date for the dividend. Since August 3 falls on a Saturday, a market holiday, the ex-dividend date is August 2. Therefore, today is the last day to purchase the shares to be eligible for the dividend payment.
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Delhi Rain: Heavy rains in Delhi, Gurgaon and Noida has led to significant waterlogging and traffic disruptions. The India Meteorological Department issued a red warning, and the ongoing Kanwar Yatra intensified traffic issues. Commuters are advised to stay updated on conditions, plan their travels, and follow traffic advisories to minimize disruptions.
Pre election poster boys are making a comeback
All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of 25% as per the market regulator's rules.
At least 19 people went missing in Shimla's Samej Khad area and 9 more are missing in Mandi's Thaltukhod, Padhar subdivision due to a cloudburst. Heavy rains have flooded several parts of the country, with Kerala's Wayanad causing over 200 deaths and several injuries.
Earnings season commenced with 88 companies announcing results. Key highlights included ITC, Sun Pharma, Tata Motors, Adani Enterprises, and Zomato reporting. ITC and Dabur anticipated revenue growth from cigarettes, hotels, and FMCG segments. Tata Motors projected strong profit growth. Zomato maintained robust performance from prior quarters, offering promising outlooks.