Page 6 - Indian Equity Markets

Nifty IT shows bearish trend, Nifty Auto overbought; trading strategy here

The Nifty Auto Index appears overbought on the near-term charts, indicating a potential pullback in the coming sessions, likely after the monthly expiry.

Paytm shares rise 3% after Emkay upgrade to 'Add', doubles target price

The surge in the Paytm stock was fueled by domestic brokerage Emkay's upgrade to 'Add' from 'Reduce.'

Firstsource Solutions shares gain 3% after arm buys Ascensos for GBP 42 mn

The surge in Firstsource Solutions share price came after the company announced that Firstsource Solutions UK Limited, a wholly-owned subsidiary of the company, has acquired Ascensos for 42 mn pounds

HFCL up 6%, at 52-wk high on deal to supply drone parts to General Atomics

HFCL is developing drone detection radar, which is expected to become a crucial element in modern drone detection systems.

This Ashish Dhawan-backed pharma stock zoomed over 100% in 2 straight years

Glenmark Pharma rallied nearly 9% to Rs 1,763.90 after the US drug regulator issued Form 483 with zero observations for its formulation manufacturing facility in Aurangabad.

Jigar S Patel of Anand Rathi suggests buying these stocks on September 23

Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.

Patel Engineering up 5% on emerging lowest bidder for project of Rs 240 cr

The rise in Patel Engineering share price came after the company said that it has bagged an order worth Rs 240.02 crore from NHPC.

Phoenix Mills rallies 7% as arm emerges highest bidder for plots in Punjab

The uptick in The Phoenix Mills share price came after the company said that it unit, Casper Realty Private Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali

Aavas Financiers board okays raising funds of Rs 630-cr via NCDs; shares up

The rise in Aavas Financiers came after the company approved issuance of non-convertible debentures (NCDs) to raise Rs 630 crore.

NTPC hits all-time high after arm files draft papers for Rs 10,000-cr IPO

The surge in the NTPC share price came after the company filed Initial Public Offering (IPO) papers for its green energy arm, NTPC Green Energy Limited (NGEL).

JK Tyre & Ind board okays merger with Cavendish Industries; stock gains 3%

The uptick in the JK Tyre & Industries share price came after the company's board approved the merger with Cavendish Industries.

Here's why Tarmat shares were locked in 5% upper limit on Sept 17; details

The uptick in Tarmat shares came after the company announced that it has secured an order of Rs 139.48 crore from Maharashtra State Infrastructure Development Corporation.

Investec bets on Adani Green, initiates with 'Buy'; sees 31% upside

Despite this positive outlook, Adani Green's stock was trading about 2 per cent lower at Rs 1,890.20 as of 9:26 AM, while the BSE Sensex was down 0.08 per cent to 82,920.90 levels.

Phoenix Mills fixes Sept 21 as record date for 1:1 bonus issue; stock up 4%

This increase in the company's share price followed the board of directors' approval for a Bonus Equity Share issuance in the ratio of 1:1.

Lumax Auto acquires majority stake in Greenfuel Energy; stock flies 9%

The uptick in the share price came after the company announced the acquisition of a majority stake in Greenfuel Energy Solutions Private Limited (Greenfuel) from its existing shareholders.

Apollo Micro Systems shares gain 4% on securing Rs 77 crore order; details

The uptick in Apollo Micro Systems share price came on the back of multiple order wins worth Rs 77 crore.

Here's why Thermax share price surged over 6% on September 16; details

The uptick in Thermax share price came after the company announced that its wholly-owned subsidiary has received a repeat order worth Rs 516 crore.

Transformers & Rectifiers India shares up over 4% on Rs 114-crore order win

The surge in the company's share price came after the company received an order worth Rs 114 crore from RRVPNL.

Here's why Puravankara share price hit 5% upper circuit on Sept 13; details

The stock's rally was fuelled by the company's announcement of securing redevelopment rights of Miami Apartments at Breach Candy, South Mumbai.

Gujarat Fluoro hits 52-wk high after arm incorporates German subsidiary

The surge in the chemical company's stock came after it announced that GFCL EV Products, a wholly-owned subsidiary, has incorporated its wholly-owned subsidiary company, GFCL EV Products GmbH.