Page 6 - Indian Equities

IIFL Finance share price zooms 13% as RBI lifts ban on gold finance biz

The uptick in IIFL Finance share price came after the Reserve Bank of India (RBI) lifted ban on the company's gold finance business.

Nifty PSU Bank declines 2% amid Vodafone Idea's AGR concerns

Analysts link the index's decline to a major drop in Vi's stock price after the SC rejected telecom companies' plea to re-evaluate AGRs, while also affirming the govt's existing AGR demands.

Garden Reach Shipbuilders shares jump 6% on four multipurpose vessels order

The uptick in Garden Reach shares came after the company announced that it has secured an order for four (4) multi-purpose vessels from Carsten Rehder Schiffsmakler and Reederei GmbH & Co.

Ion Exchange share price flies 10% on Rs 161-cr order win; details here

The uptick in Ion Exchange share price came after the company announced that it has secured an order worth Rs 161.19 crore from Adani Power.

Globus Spirits hits 52-week high on launching its first single malt whisky

The shares of Globus Spirits rose after the company announced the launch of its first single malt whiskey, DŌAAB India Craft Whisky.

Carborundum Universal share price rises 6% on multiple acquisitions

The uptick in share price came after Carborundum Universal revealed that it has entered into a share purchase agreement to acquire a 100 per cent stake in Silicon Carbide Products, USA.

Firstsource Solutions share price up 4% on inking pact with Microsoft

The uptick in Firstsource Solutions share price came after the company announced that it has inked a pact with Microsoft to deliver cutting-edge digital transformation services to clients worldwide.

This pharma stock has zoomed 179% so far in CY24; Antique sees more upside

Shares of Shilpa Medicare hit a new high of Rs 922, gaining 4% in Monday's intra-day trade after Antique Stock Broking initiate coverage on the stock with a BUY rating and a target price of Rs 1,300.

Nazara Tech up 4%, hits 52-wk high on Rs 982-cr investment in 'PokerBaazi'

The uptick in Nazara Technologies share price came after the company announced that it has invested Rs 982 crore in Moonshine Technology, which owns and operates online poker platform PokerBaazi

HG Infra Engineering share price up 5% on securing Rs 716-crore work order

The HG Infra share price rose after the company received a letter from the Central Railway regarding the appointed date for the Rs 716-crore project.

Bull spread strategy recommended for Nifty Bank by HDFC Securities today

Short covering is seen in the Bank Nifty Futures, where we have seen 9 per cent fall in the open interest with Bank Nifty rising by 1.49 per cent.

Kalpataru Projects International bags Rs 2,774-cr order; share price soars

The upward movement in the Kalpataru Projects International shares came after the company announced that it has secured new orders worth Rs 2,774 crore.

Nazara Technologies up 6% on acquiring 15.86% stake in STAN for Rs 18.4 cr

The shares of Nazara Technologies surged after the company announced that it has acquired a 15.86 per cent stake in STAN for Rs 18.4 crore (or $2.2 million) in an all-cash secondary transaction.

Tata Steel signs GBP 500 mn grant funding pact with UK govt; stock up 3%

The upward move in Tata Steel shares came after the company signed a £500 million grant funding pact with the UK government for a £1.25 billion green steel project in Port Talbot. =

Ajit Mishra of Religare Broking recommends buying these stocks on Sept 12

We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.

BCPL Railway Infrastructure at 5% upper circuit on Rs 71-cr order; details

The uptick in BCPL Railway Infrastructure shares came after the company announced that it has received an order worth Rs 71 crore.

Rajoo Engineers share price hits 5% upper circuit on securing $15 mn order

The uptick in Rajoo Engineers share price came after the company announced that it has signed a deal with an internatola entity to develop innovative plastic extrusion machinery for worth $15 million.

Premier Explosives hits 5% upper limit on inking deal with Astra Microwave

The uptick in Premier Explosives share price came after the company announced that it has inked a memorandum of understanding (MoU) with Astra Microwave to develop and sell multiple products jointly.

Zaggle Prepaid surges 6% on inking deal with HDFC Ergo General Insurance Co

The Zaggle Prepaid Ocean Services share price rose after the company announced that it has inked a pact with HDFC Ergo General Insurance Company.

Wardwizard Innovations to form joint venture in Saudi; share price rises 6%

The JV is aimed at establishing an assembly plant and an EV cell plant in the kingdom of Saudi Arabia (KSA).