Nuvoco Vistas shares rally 9% as Q1 profit jumps multi-fold to Rs 133 crore
Nuvoco Vistas shares: The East India-based cement company reported a significant jump in consolidated net profit for the April–June quarter, rising to ₹133.16 crore from ₹2.84 crore a year ago. Operating revenue increased by nearly 9% to ₹2,872.70 crore.
Ixigo shares slide 6% after hitting record high post Q1 FY26 results
Ixigo shares: Ixigo recorded a 73% year-on-year rise in revenue from operations, reaching ₹314.5 crore in the June quarter. Net profit grew by 27% YoY to ₹19 crore, while gross transaction value (GTV) rose 55% to ₹4,644.7 crore, driven by strong performance in the flight and bus segments (up 81%) and a 30% increase in […]
Savy Infra and Logistics IPO to open on July 21, price band set at Rs 114-120/share
Savy Infra and Logistics will launch its IPO on Monday, July 21, to raise up to Rs 69.98 crore at the upper price band of Rs 120. The issue comprises 58.32 lakh equity shares and will be listed on NSE Emerge. The proceeds will fund working capital and general corporate purposes.
Ashok Leyland bonus shares get credited to demat accounts; stock drops marginally
Ashok Leyland’s shares experienced a slight dip after the allotment of bonus shares in a 1:1 ratio, increasing the total outstanding shares. Trading commenced on the newly issued shares, which rank equally with existing ones. Technical indicators present a mixed outlook, with the RSI in neutral territory and the stock trading above its 30-day SMA, […]
Raymond shares may rally up to 30%, Antique Stock Broking says as aerospace thrust fuels growth story
Raymond shares: The brokerage stated that Raymond’s shift toward becoming a precision manufacturing-centric firm, particularly through its aerospace and auto components divisions, sets the stage for “strong multi-year growth.”
ETMarkets Smart Talk | Fixed income is portfolio’s seatbelt against volatility: Chakri Lokapriya of LGT Wealth India
Chakri Lokapriya of LGT Wealth India suggests allocating 20-30% of portfolios to fixed income for stability amidst market volatility. He anticipates a 10-12% Nifty gain for CY2025, contingent on US tariff negotiations, and highlights electronics, semiconductors, and energy as promising sectors. Investors should focus on stocks with strong earnings visibility in a stock picker’s market.
Tariff delay sparks relief rally in Indian pharma stocks: Sudip Bandyopadhyay
Sudip Bandyopadhyay of Inditrade Capital discusses the positive outlook for the Indian pharma sector following the easing of tariff concerns. He highlights Sun Pharma’s promising developments and Glenmark’s landmark R&D deal. Bandyopadhyay also notes the expected price hike in the steel industry due to increased global demand, while emphasizing company-specific uncertainties like JSW Steel’s Bhushan […]
SBI achieves record Rs 25,000 crore institutional share sale with strong investor demand
State Bank of India’s monumental ₹25,000-crore QIP witnessed overwhelming demand, exceeding four times the offered stock. Attracting bids worth ₹1.10 lakh crore from around 120 investors, including BlackRock and Marshall Wace, the sale underscores confidence in SBI’s growth prospects. The capital raise will bolster SBI’s CET 1 ratio, positioning it for future expansion.
Reliance Q1 results today: Ambani’s triple-engine turnaround targets best quarter in 18 months
Reliance Industries is poised to announce Q1 earnings, with analysts predicting a substantial 15-16% year-on-year EBITDA surge, driven by strong performances across its retail, telecom, and O2C segments. A retail revival, led by quick commerce and improved store productivity, and robust subscriber additions in Jio are expected to fuel growth.
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the Nifty500 pack, 10 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 17, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]