Former Ethiopian group CEO Tewolde Gebremariam to be Air India’s new Maharaja

Four Nifty500 stocks, Zensar Technologies, Adani Enterprises, Astral, and ABB India, closed more than 1% above their VWAP on July 3, signaling potential bullish momentum and strengthening positive market sentiment, according to technical scan data.

Kusumgar shares debuted nearly 37% above their IPO price and extended gains in early trade after a heavily oversubscribed public issue. While analysts remain positive on the company’s long-term prospects in engineered fabrics and defence, they advise investors to book partial profits and hold the remaining position with disciplined stop-losses.

The Nasdaq-listed company reported revenue of $237.4 million for the quarter ended June 30, compared with $204.7 million a year earlier. Operating income stood at $6.1 million in the quarter under US GAAP (generally accepted accounting principles), compared to a loss of $8.7 million in the year-ago quarter.