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Five Nifty500 stocks, Shipping Corporation, Atul, Saregama India, Sammaan Capital, and Cholamandalam Investment, closed over 2% above their VWAP on July 24, signaling potential bullish momentum and strengthening market sentiment.
Gulf Lloyds (India) is set to debut on the BSE SME platform on July 27, with grey market premium (GMP) trends indicating a largely flat listing. The Rs 18.19-crore IPO was subscribed 10.85 times overall, led by strong retail participation, while the company plans to use the proceeds for capital expenditure, debt repayment, and working…
Hindustan Zinc shares: The company posted a robust Q1 FY27 performance, prompting several brokerages to reiterate their ‘Buy’ ratings. The Vedanta Group firm’s net profit jumped 145% YoY to Rs 5,469 crore, while revenue surged 77% YoY to Rs 13,747 crore. Total expenses rose 33% YoY to Rs 6,749 crore, reflecting higher operating activity during…
The Indian stock market ended its losing streak as tensions between Iran and the US eased. Falling crude oil prices also contributed to a significant boost in investor sentiment. The Sensex and Nifty experienced sharp gains, adding substantial value to market capitalization. IndiGo and Asian Paints shares led the upward movement across major indices. Broader…
Thangamayil Jewellery emerged as a top stock choice for several leading PMS fund managers. Equirus Wealth made the largest allocation, showing strong conviction in the company. This interest follows significant growth in Thangamayil’s operations and financial performance. The jeweller’s expansion into Chennai is a key driver for future revenue projections. Future plans include further store…
Tata Consumer Products shares rose 3% after the FMCG major reported a 27.8% YoY jump in Q1 FY27 net profit to Rs 427 crore, while revenue increased 11.9% to Rs 5,349 crore. Brokerages remain bullish, with Nomura reiterating a Buy rating and raising its target price to Rs 1,475, citing calibrated price hikes, margin resilience…
Bank of Baroda shares fell after a sharp 72% drop in Q1 net profit due to a one-off NMC Health settlement. Brokerages cut target prices despite stable core performance. Margins, fee income and upcoming ECL norms remain key concerns, though asset quality and loan growth trends offer some support.
South Korean shares turned lower on Monday as chipmakers fell. Samsung Electronics and SK Hynix declined ahead of their earnings reports. New AI initiatives were announced involving major South Korean and US tech firms. E-commerce firm Naver jumped significantly on an investment partnership with Nvidia. Foreign investors were net sellers of shares, and the South…
Lohia Corp’s initial public offering bidding concluded on its third and final day. The grey market premium remained muted, suggesting a largely flat listing for the company. By the end of day two, the IPO had seen 59% subscription against shares offered. Lohia Corp’s maiden public issue aims to raise Rs 1,101 crore through an…
Five stocks in the Nifty500 pack featured in the RSI Trending Up scan on July 24 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.