GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Raymond surged 6% on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal (NCLT) approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm. As part of this restructuring process, Raymond will demerge its lifestyle business into Raymond Lifestyle. Ray Global Consumer Trading will be amalgamated into Raymond Lifestyle to streamline the group structure. The group’s restructuring will help in paving the way for a more focused and streamlined corporate structure. Once the restructuring scheme becomes effective, shareholders of Raymond will receive four equity shares of Raymond Lifestyle for every five shares held in Raymond while the shareholders of Ray Global Consumer Trading will receive two equity shares of Raymond Lifestyle for each share held in Ray Global Consumer Trading. Equity shares of Raymond Lifestyle will be listed on the stock exchanges.Also re...

[hfe_template id='11223'] [ad_1] Domestic markets ended the last week on a negative note but clocked gains for the overall week, making it the third consecutive weekly rise. "Overall, the market is likely to remain steady and consolidate at higher levels in the near term. Budget-related sectors are likely to remain in action on the back of news flow and expectation growth focus policy," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a negative start. Nifty futures on the Gift Nifty traded 79 pts lower, below 23,400. Tech View A decisive move for Nifty above 23,600 might take the index towards 24,000 in the short term, whereas failure to hold above 23,300 might trigger panic in the market. Below 23,300, the Nifty might fall towards 22750 in the short term. India VIX India VIX, which is a measure of the fear in the markets, fell 1.2% to set...

[hfe_template id='11223'] [ad_1] As many as 20 companies have fixed their record dates this week to determine the eligible shareholders for the payout of their dividends. Out of the lot, two are Nifty companies, i.e., Titan and IndusInd Bank, along with other names like Bajaj Holdings & Investment, Voltas, REC, etc. Dividends are paid to shareholders whose names appear in the company's database on the record date. After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date. Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends. Here is a list of stocks that are trading on an ex-dividend basis this week: June 25 Voltas: Voltas declared a dividend of Rs 5.50 per share and the ex-date for the purpose is June 25. Tata Elxsi: The ex-d...

[hfe_template id='11223'] [ad_1] Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. "The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains, marking their third consecutive week of growth. The Nifty Bank index, in particular, stood out with its largest weekly gain of 2024, surging by more than 3%. This impressive performance also signifies the Nifty Bank's longest winning streak in 19 months, as it recorded gains for the sixth straight week," Pravesh Gour, Senior Technical Analyst at Swastika Investmart said. In his view, the market is expected to trade sideways this week due to the absence of strong buying or selling triggers, even though the underlying sentiment remains bullish. He also sees dips attracting opportunistic buying...

[hfe_template id='11223'] [ad_1] Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. "The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains, marking their third consecutive week of growth. The Nifty Bank index, in particular, stood out with its largest weekly gain of 2024, surging by more than 3%. This impressive performance also signifies the Nifty Bank's longest winning streak in 19 months, as it recorded gains for the sixth straight week," Pravesh Gour, Senior Technical Analyst at Swastika Investmart said. In his view, the market is expected to trade sideways this week due to the absence of strong buying or selling triggers, even though the underlying sentiment remains bullish. He also sees dips attracting opportunistic buying...

[hfe_template id='11223'] [ad_1] Synopsis Once again on Wednesday, there was a lesson for all who think that bull markets don't see volatility. All of sudden there was a sharp dip in Nifty and other broader market indices, except bank nifty which was trading in green thanks to the fact its largest constituent HDFC bank was trading in green. When valuations are high, volatility never gives notice before coming so one should always be prepared for it. Another point to be watched, if the frequency of the volatile phase increases and if it starts to happen every other fortnight, it might be an indication of profit booking. There is a possibility that as markets inch higher on index levels, there is some sort of rotational profit booking happening. So, it would be better to stay prepared for volatility. Another reason for staying with large caps is that valuations are high in large part of the mid and small caps and they are the ones which might lose more weight if there...

[hfe_template id='11223'] [ad_1] Shares of The New India Assurance Company jumped 5% to Rs 251 in Thursday's trade on BSE after the company announced that it has appointed Girija Subramanian as Chairperson cum Managing Director (MD) of the company. "Department of Financial Services, dated 19th June 2024, has appointed Ms Girija Subramanian as Chairman cum Managing Director of the Company with effect from the date of assumption of charge of the office and up to the date of her attaining the age of superannuation or until further orders, whichever is earlier," the company said in an exchange filing. Girija Subramanian holds a bachelor's degree in Statistics. She is a fellow member of the Insurance Institute of India and an associate member of the Chartered Insurance Institute, London. Subramanian started her career as a Direct Recruit Officer at the General Insurance Corporation of India (GIC Re) in 1988. At 11:10 am, the scrip was trading 3.6% higher at ...

[hfe_template id='11223'] [ad_1] Domestic markets experienced volatility on Wednesday and closed nearly unchanged amidst mixed signals. In today's trade, shares of Vedanta, PNB Housing, Best Agrolife, Mas Financial, Brigade Enterprises among others will be in focus due to various news developments. Vedanta Vedanta Ltd is planning to spend $5 billion over the next decade as it looks to cut its carbon emissions by a fourth by 2030. Best Agrolife Specialty agrochemical maker Best Agrolife Ltd said it has received regulatory approval for a new patented insecticide formulation called Nemagen to target resistant pests causing major crop damage. Mas Financial Mas Financial has launched a qualified institutional placement worth Rs 400 crore with an upside option of further Rs 100 crore. Brigade Enterprises Brigade Enterprises has signed an agreement worth Rs 150 crore to develop third tower of World Trade Center (WTC) at Infopark, Kochi. PNB Housing Finance Asia Opportunitie...

[hfe_template id='11223'] [ad_1] Shares of Hindustan Aeronautics surged nearly 6% to its all-time high of Rs 5,484.20 on BSE in Tuesday's trade as the company announced that the Ministry of Defence has issued a request for proposal (RFP) to procure 156 Light Combat Helicopters from the company. The tender’s value is said to be worth around Rs 50,000 crore, the largest single order given for the acquisition of choppers to an Indian company. Out of the total number of helicopters named ‘Prachand’, 90 will be procured for the Indian Army while 66 for the Indian Air Force, stated HAL in its filing to the exchanges. The Army and Air Force will get the `Prachand’ helicopters that have been designed specifically for Indian conditions and have shown good performance at super high altitude areas during trials in Ladakh. "This helicopter is equipped with requisite agility, maneuverability, extended range, high altitude performance and around-the-clock, all-weather combat ...

[hfe_template id='11223'] [ad_1] Sebi is considering a series of tweaks to its derivative trading rules, according to two sources, as it seeks to address risks arising from explosive growth in options trading. The new rules could include higher margins for options contracts and more detailed disclosures, and are being considered after a series of meetings with exchanges, brokers, and fund houses over the past four months, the sources, with direct knowledge of the matter, said. Both sources declined to be identified as they are not authorised to speak to the media. Trading in index and stock options has soared in India in the last few years, fueled mainly by retail investors, sparking warnings from market participants and government officials. The notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from the year before. An unchecked explosion in retail trading of futures and options can create future challenges not just for the market...

[hfe_template id='11223'] [ad_1] Benchmark indices continued their uptrend and scaled fresh peaks on Thursday. The 30-share Sensex jumped 538 points to hit its lifetime peak of 77,145 and the Nifty rallied 75 points to settle at a new closing high of 23,398. Stocks that were in focus include names like Sobha, which rose 4.97%, L&T Finance, which gained 2.98%, and Marico, whose shares declined 2.94% on Thursday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Sobha With the RSI (14) on the monthly time frame around 85, the stock is showing slightly overbought conditions. On the daily time frame, the stock is continuously witnessing selling pressure at higher levels, facing wick rejections one after the other. It is suggested to focus on booking profits here and re-entering at lower levels around 1800 for the stock. L&T Finance Around 8.82 crore shares of L...

[hfe_template id='11223'] [ad_1] Brokerage firm Motilal Oswal initiated coverage on Mankind Pharma, Jefferies has a buy rating on Nykaa and Morgan Stanley recommended an overweight stance on Tata Consumer and Varun Beverages. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on Mankind Pharma: Buy| Target Rs 2650 Motilal Oswal initiated coverage on Mankind Pharma with a buy rating and a target of Rs 2,650. The company is working on multiple levers to boost growth over the next three to five years. The company is increasing the scope of business in chronic therapies. It is enhancing its presence in metro/Tier-l cities. The brokerage firm expects a 16% earnings CAGR for Mankind over FY24-27. Jefferies on NYKAA: Buy| Target Rs 220 Jefferies maintained a buy rating on NYKAA with a target price of Rs 220. The beauty and personal care segment (BPC) offers significant growth headroom.An increase in user awareness sho...

[hfe_template id='11223'] [ad_1] Shares of Tata Motors on Wednesday rallied 2% to the day’s high of Rs 1,010 on BSE after the company announced that its India business is now net debt-free and aims for the Jaguar-Land Rover (JLR) business to be net debt-free in FY25. The company said that its businesses are self-sustaining and the investments are well funded while aiming for EV EBITDA breakeven in FY26. The management also seemed confident while stating its intentions to expand the company's product portfolio to address 80% market share and also aim for 10% EBITDA for consolidated PV and EV operations by FY30. The demerger of CV and PV businesses into separate entities is a logical progression, as per the management, given that both CV and PV businesses have grown sizably and limited synergies exist between the two. Here is what analysts have to say: CLSA CLSA said that the management is confident in winning in the domestic segment and a sustainable share gain in PV,...

[hfe_template id='11223'] [ad_1] Ace investor Ashish Kacholia sold some of his stake in the smallcap manufacturer of high-quality welding machines, Ador Welding on Tuesday. Kacholia sold 3.88 lakh shares of the company at a price of Rs 1,255 as per the information available with the stock exchanges. Quant Mutual Fund acquired the stake from Ashish Kacholia in this transaction via Quant PSU Fund which acquired 1 lakh shares and Quant Manufacturing Fund which bought nearly 2.8 lakh shares of Ador. The total transaction value of the deal amounted to Rs 48.7 crore according to the numbers provided to the exchanges. Kacholia held approximately 5.67 lakh shares in Ador Welding as per the shareholding pattern of March 2024, which now comes down to 1.79 lakh shares after Tuesday’s sale.According to the same data, 43.10% of holdings in Ador Welding rests in the hands of the public including retail investors, FIIs, investment funds etc while the remaining 56.90% is held by the pro...

[hfe_template id='11223'] [ad_1] Synopsis Banking, a sector where in the last two years winds have blown into as many directions as one could have imagined. Normalization of valuation in large private sector banks, a clean up in the PSU space. Then there is a third set of banks, where probably all these things happened. Right from tech upgrade, clean up of balance sheet, expansion of network and partial upgrade of valuation. In the last few days, there has been a debate about PSU and private banks. The third set of banks is once again not finding much mention on the street. But the fact is that over the last few years, they have been improving their performance, but because they are not majorly in the eyes of either policy makers or the street, they tend to get less attention. The reason for the improvement is a simple one, when RBI makes a change in law, it applies equally to all, whether it is HDFC banks or SBI or a bank which is neither private nor public and are some...

[hfe_template id='11223'] [ad_1] Shares of Hindustan Construction Company (HCC) jumped nearly 15% to the day's high of Rs 45.6 in Tuesday's trade on BSE after the brokerage firm Elara Capital initiated a 'Buy' rating on the stock with a target price of Rs 63, which indicates an upside potential of 58% from the previous day's closing price of Rs 39.8 apiece. Elara Securities expressed optimism about HCC's future, citing a large opportunity landscape and past experience. "Given the past experience and large opportunity landscape, we remain hopeful of a turnaround in financials from FY25 and further strengthening from FY26," the brokerage firm stated. The brokerage firm forecasts a standalone revenue and EBITDA CAGR of 20% each during FY24-27E, with an earnings CAGR of 50% due to lower interest costs. Also Read: TCS, Nestle India among 10 stocks that paid dividend up to 60 times since 2011 The brokerage also highlighted the significant red...

[hfe_template id='11223'] [ad_1] Shares of PNC Infra plummeted 10% to Rs 470 in Tuesday's trade on BSE after the Central Bureau of Investigation (CBI) conducted searches at the company’s corporate office and the residences of the managing director (MD) and whole-time director. The CBI also arrested four employees of the company in connection with a bribery case. Media reports indicate that the CBI caught two National Highways Authority of India (NHAI) officials accepting a bribe of Rs 10 lakh from PNC employees in Madhya Pradesh. The bribe was allegedly for obtaining final approval, a no-objection certificate (NOC), and processing of the final bill for NHAI’s Jhansi-Khajuraho project. “The CBI has arrested National Highway Authority of India (NHAI) general manager Purushottam Lal Choudhary, posted in Madhya Pradesh's Chattarpur, in an Rs 10-lakh bribery case,” PTI reported quoting officials on Sunday. The six other accused in the case, including NHAI consultant S...

[hfe_template id='11223'] [ad_1] Domestic equities were lacklustre on Monday but ended marginally due to lack of fresh catalysts. Selling was seen in IT stocks and heavyweight HDFC Bank, which led the markets to close in red after three straight days of gain. "Investors are now awaiting US Fed and BoJ policy outcome this week along with US and India CPI data. Thus the market is likely to consolidate this week till the clarity emerges," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: State of the markets Gift Nifty (Earlier SGX Nifty) signals a positive start. Nifty futures on the Gift Nifty traded 55 pts or 0.23% higher at 23,283. Tech View The near-term trend of the index remains positive. However, having placed at the crucial hurdle around 23300 levels, the chances of downward correction could be high in the short term. Immediate support is at 23100 levels, Nagaraj Shetti of HDFC Securities said....

[hfe_template id='11223'] [ad_1] Equity indices climbed over 2% to settle at record high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection. Stocks that were in focus include names like HDFC AMC, which rose 2%, Wipro, which gained 5%, and Paytm, whose shares rallied 10% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. HDFC AMC The counter looks very lucrative as currently, it is forming a flag formation with positive closing on the longer time frame. The first important resistance zone will be at 4000, with a subsequent number of call writers and a key resistance zone. Above that, a rally towards the 4200 level and then the 4500 level is expected. On the downside, immediate support is at the 3800 level, where the 20 DMA is placed. Any slip below that could lead to the next major support at the 3500 ...

[hfe_template id='11223'] [ad_1] Bulls returned to Dalal Street with full force on Friday, as the BSE benchmark Sensex advanced 1,619 points or 2.16% to settle at a record high of 76,693. The broader NSE Nifty gained 469 points or 2.05% ending at 23,290. Both indices successfully erased all losses from June 4. Stocks in rate-sensitive sectors such as banking, finance, auto, and real estate soared as much as 9.5% following the RBI's decision to maintain the interest rate unchanged. Following the RBI policy decision, shares of realty indices surged up to 9.5%, with Sunteck Realty, Sobha, Brigade, and Lodha rising between 3% and 9.5%. Meanwhile, Nifty Bank stocks such as Bandhan Bank, SBI, Axis Bank, AU Small Finance Bank, and Kotak Bank rose by 1-2%. Shares of Bajaj Finance, Bajaj Finserv, and PFC also experienced gains of 1-3.6%. Similarly, Nifty Auto stocks increased up to 5.4%, with M&M, Tata Motors, Balkrishna Industries, Apollo Tyres, and Ashok Leyland seeing ...