Page 14 - Deepak Korgaonkar

Windfall tax boost: ONGC, Oil India surge up to 4% in Monday's trade

Analysts at JM Financial believe the strong pricing power of OPEC+ will continue to support Brent at ~$80/bbl, which is the fiscal break-even crude price for Saudi Arabia and a sweet spot for OIL/ONGC

Packaging stocks rally up to 11% post Q1; Uflex, Polyflex hit 52-week highs

Uflex said the packaging films business gained substantial momentum in Q1FY25 quarter, fueled by improved contribution margin in India

This recently listed IPO has zoomed 75% against its issue price in 5 days

Shares of Ola Electric Mobility were locked in the 20-per cent upper circuit at Rs 133.08, also its new high on the NSE, on Friday

Technology shares in demand; Nifty IT index rises 2%, TCS nears record high

The Nasdaq rose more than 2% on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.

Marksans Pharma stock zooms 16% to hit record high on strong Q1 results

The US & North America Formulation biz reported growth of 29.8% YoY in Q1FY25, on account of incremental revenue from new product launches, and increase in the share of existing customers.

This smallcap has zoomed 117% in 3 months; Motilal initiates 'Buy' rating

Gravita India hit a new high of Rs 1,967.20, as it rallied 9% on the BSE in Wednesday's intra-day trade after MOFSL initiate coverage on the stock with 'buy' rating and target price of Rs 2,350.

Metal shares fall on adverse SC ruling; Tata Steel, Vedanta drop up to 6%

The Supreme Court today ruled in favor of the State governments' authority to levy taxes on mineral rights.

Piramal Enterprises stock tumbles 10% post June quarter results

The net interest margin (NIM) of the finance company dropped to 6.7 per cent compared to 7.3 per cent in the last year.

Hindustan Zinc dips 4% as Vedanta board okays 2.6% stake sale via OFS

Meanwhile, Hindustan Zinc has dismissed rumours of Rs 6,000 crore worth special dividend.

Oil India stock surges 21% in one week as brokerages remain upbeat

Elara Capital maintained a 'Buy' rating on OIL with a target price of Rs 780 per share on higher FY26E EV/EBITDA assumption at 10.0x (from 7.0x), led by expectations of strong production growth.

Aarti Industries stock tanks 16% on heavy volumes on margin concerns

The management anticipates 20-30 per cent volume growth in FY25, although margins are expected to remain under pressure for at least next 1-2 quarters due to continued dumping from China.

Balrampur Chini stock nears record high, gains 5% on stable Q1 performance

Despite facing challenges in distillery operations due to regulatory issues, sugar segment has continued to perform well in a seasonally soft quarter, benefiting from higher volumes and realizations.

Gujarat Pipavav stock hits new high, soars 9% in subdued market

Pipavav Port is in the forefront amongst all Indian ports in driving the government's initiative of increasing the market share of railways in freight handling.

Inox Wind, Inox Wind Energy zoom up to 36% in 2 days on strong earnings

Shares of INOXGFL Group companies Inox Wind Energy (IWEL) and Inox Wind were on a roll and rallied up to 36% in past two days after the companies reported strong earnings and healthy outlook.

Ola, SMS Life, IWEL, GMR Power, Suzlon and 356 others hit upper circuit

Genus Power Infrastructure, Shakti Pumps (India), Gallant Ispat, Suraj Estate Developers, Panacea Biotec, Suzlon and Elpro Intl among BSE Allcap index were frozen at the highest limit for the day.

Sun TV Network tanks 10% on weak Q1 earnings; analysts divided on outlook

Sun TV stock outlook: Prolonged weakness in ad revenue, coupled with risk around market share loss, and strong competition from deep-pocketed OTT players continued to pose concerns

Suzlon Energy extends rally, zooms 50% in 1 month on strong Q1 results

Suzlon share price today news: Suzlon shares were locked at 5-per cent upper circuit in the intraday trade

This BSE200 stock hit Rs 1 trillion market cap; zoomed 90% in 3 months

Suzlon market cap hits Rs 1 trn on Friday: The sharp rise in market cap was due to allotment of equity shares in rights issue; conversion of optionally convertible debentures and bonds into stock.

This Ashish Kacholia-owned stock zoomed 20% today on solid Q1 FY25 results

Garware Hi-Tech Films locked in upper circuit of 20% at Rs 2,895.10, also its record high on the BSE and zoomed 193% in past one year.

This smallcap stock has rallied 42% in 3 days; zoomed 106% since April

Symphony hit an over six-year high at Rs 1,748, as it rallied 17% in intra-day trade, extending its previous two-day surge after the company announced buyback at Rs 2,500 per share.