Stock Market Highlights, July 1: Mid, SmallCap indices hit record highs; Sensex gains 443 pts

Stock market Highlights on Monday, July 1, 2024: Tech M, Bajaj Finance, Ultratech Cement, TCS, Infosys, JSW Steel, HUL, HDFC Bank, Tata Motors, ITC, ICICI Bank, Titan were the top gainers today

1:55 PM

ALERT:: SML Isuzu June sales jump 38%; stock surges 6%

SML Isuzu in an exchange filing on Monday reported 37.9 per cent growth in total car sales in June 2024 when compared to previous year.

1:47 PM

Nifty IT index jumps 2%; Tech Mahindra, Persistent hit 52-week highs

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for better calendar year 2025. READ MORE

1:35 PM

IREDA stock price zooms 6% on strong June quarter business update

The uptick in the stock price came after the company announced a strong set of June quarter (Q1FY25) business update. READ MORE

1:22 PM

ALERT:: MIC Electronics gets nod from Railways for fresh registration; stock up 5%

MIC Electronics in an exchange filing today said, the company had received approval of fresh registration for Emergency Lighting System for railway coaches - from Ministry of Railways.

1:10 PM

Paytm, PVR Inox: Can laggards of H1-2024 script turnaround? Here's what chart say

Paytm, PVRInox, Bandhan Bank, Syrma SGS Technology and Alkyl Amines: Trading strategies for stocks that ended as losers in the first-half of 2024. READ MORE

12:58 PM

SmallCap index hits new peak; Roto, Atul Auto, Wockhardt zoom up to 19%

Smallcap stocks rally today: Shares of small-cap companies were on a roll on Monday with the BSE SmallCap index hitting a new high of 52,843 level, gaining over 1 per cent on the BSE in the intraday. The index surpassed its previous high of 52,542.41, touched on June 25. READ MORE

12:47 PM

Oil marketing companies slash commercial LPG cylinder prices by Rs 30

Commercial LPG cylinder prices for July have been further cut by Rs 30, after being reduced by Rs 70 in June. Its aimed at providing relief to enterprises in the food and hospitality industries. READ MORE

12:37 PM

IndiGo to keep flying high: Analysts see up to 34% upside; UBS says 'Buy'

UBS in a note on the company said that it expects Indigo's market share gains in international travel to continue, further aided by A321 XLRs and A350s in the medium to long term. READ MORE

12:26 PM

ALERT :: Man Industries (India) expects revenue growth of 100% in 2 years

12:17 PM

ALERT :: REC rallies 3.5% on Q1FY25 business update

12:05 PM

Orchid Pharma rises 4% on deal with Cipla to roll out new UTI drug in India

According to Orchid Pharma, the launch of Cefepime-Enmetazobactam represents a major achievement for India's pharmaceutical sector in combating antimicrobial resistance (AMR), a growing global health concern. The collaboration underscores India's leadership in medical innovation. Orchid Pharma and Cipla expressed confidence that their partnership will establish new standards in addressing critical healthcare challenges through advanced research and strategic alliances. READ MORE

11:50 AM

BEL stock surges on Rs 3,172 crore-order win from Armoured Vehicles Nigam

In an exchange filing, the company said, Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam Limited (AVNL) on June 28, 2024, at AVNL Headquarters in Chennai.  READ MORE

11:35 AM

Are chemical & fertiliser shares ready for fresh rally? Key levels here

Coromandel International

Support: Rs 1,500; Rs 1,455

Resistance: Rs 1,640
 

Coromandel International July contract saw 8.4 per cent addition in OI, as the stock rose nearly 2 per cent on Friday. READ MORE

11:23 AM

ALERT :: L&T wins 'significant' offshore order from ONGC

>> The L&T Energy Hydrocarbon (LTEH) vertical of Larsen & Toubro (L&T) has secured an order from the Oil & Natural Gas Corporation (ONGC) for the eighth phase of Pipeline Replacement Project (PRPVIII Group B) off India's west coast. 

>> 'Significant' order ranges from Rs 1,000 to 2,500 crore.
 

11:10 AM

ALERT :: Mahindra Auto sells 40,022 SUV in June 2024

>> M&M's total exports were at 2,597 units in June 2024 vs 2,505 units in June 2023, up 4% Y-o-Y