Stock Market Highlights, July 8: Indices end flat after listless day; PSBs fall, FMCGs buck trend

Stock Market Highlights on July 8: The broader indices, though, hit all-time highs in the intraday trade, ended with a negative bias as well

2:05 PM

Patel Engineering crashes 12% after CMD Rupen Patel dies, pares YTD gains

The Board of Patel Engineering has approved the appointment of Janky Patel as the 'Chairperson' of the company effective from July 6, 2024. READ MORE

1:53 PM

Paytm stock up 15% in two days on BSE amid heavy volume; what's happening?

In past one month, Paytm has outperformed the market by zooming 25 per cent, as compared to 4.5 per cent rise in the BSE Sensex. READ MORE

1:41 PM

TCS, HCL earnings recovery may get further push from growth in AI demand

TCS results this week should show revenue growth picked up sequentially in the April-June quarter, consensus estimates show. READ MORE

1:29 PM

ALERT:: GRM Overseas to expand presence in Georgia; stock soars 8%

GRM Overseas in an exchange filing today said, the company has partnered with DIPLOMAT and is set to expand its presence in Georgia. GRM has entered into an agreement with DIPLOMAT GEORGIA to place its own brand of basmati rice 'Tanoush' through DIPLOMAT Distribution Channels.

1:21 PM

Ajmera Realty's shares in news as sales rise 36% YoY to Rs 306 cr in Q1

Ajmera Realty and Infrastructure, a luxury and mid-luxury residential developer reported strong growth in sales value in its business estimates for quarter one of fiscal year 2024-25 (Q1FY25). READ MORE

1:09 PM

Dabur India gains 4% in subdued market post June quarter business update

Shares of Dabur India were up 4 per cent at Rs 633.05 on the BSE in Monday’s intra-day trade on heavy volumes in an otherwise subdued market as the management said demand trends improved quarter-on-quarter (QoQ) and rural growth picked up. READ MORE

12:57 PM

ALERT:: Thomas Cook sees higher demand for monsoon travel; stock down 2%

Thomas Cook (India) in an exchange filing today said the company alongwith SOTC Travel witnessed a 25 per cent year-on-year growth in demand for monsoon travel.

12:43 PM

Rail stocks rally: RVNL, IRFC, TexRail surge up to 15% on July 08; check why

The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services. READ MORE

12:31 PM

Asian Market Update:: China, Hong Kong stocks fall the most; Taiwan bucks trend

12:20 PM

AU Small Finance Bank's shares slump 4% on muted growth in Q1 biz update

AU Small Finance Bank’s stock dipped up to 4.25 per cent at Rs 250.55 per share on the BSE in Monday’s intraday trade. This came after the bank reported its business estimates for the first quarter of the fiscal year 2024-25 (Q1FY25).  READ MORE

12:11 PM

JK Cement, JSW Steel, Polycab among 10 stocks to go ex-dividend on Tuesday

Persistent Systems was down 2 per cent at Rs 4,657 and JSW Steel had shed 1.1 per cent at Rs 943 ahead of the dividend payout of Rs 10 per share and Rs 7.30 per share as of record date on July 09. The former had seen trades of around 19,000 shares, while the latter 13,000 shares on the BSE. READ MORE

11:54 AM

Analysts laud Bajaj Auto's CNG-powered Freedom 125 bike; eye adoption

While the bike's CNG tank provides a range of over 200 kilometers on 2 kilogram of CNG, the 2-litre petrol tank offers another 130 km range, giving a total range of 330 kms, claims the management. READ MORE

11:43 AM

ALERT :: Ajmera Realty posts sales value growth of 36% YoY in Q1 at Rs 306 crore; stock up 3.5%

11:32 AM

85% of mid, smallcaps appear bullish on the charts. Will the trend sustain?

The Nifty MidCap 150 index has rallied 43.7 per cent in the year 2023, and has galloped 171.8 per cent since the start of 2021. The index hit a life-time high at 21,369 on July 05, 2024. Similarly, the Nifty SmallCap 250 index has surged 26.1 per cent so far in 2024. The index was up 48.1 per cent in 2023, and has zoomed 191.5 per cent since 2021. The Nifty SmallCap 250 index registered a new summit at 17,749 last Friday. READ MORE

11:22 AM

Adani Wilmar's shares rise on steady volume, exports growth in Q1 estimates

“The company is actively pursuing substantial opportunities by executing strong sales and distribution strategies in general trade. Moreover, our alternate channels (e-com, Quick Commerce, MT) maintained their momentum with a 19 per cent Y-o-Y volume growth in Q1. The volume of our branded exports increased by 36 per cent Y-o-Y in Q1,” the company said in its Q1 business update.  READ MORE