Page 7 - Indian Equity Markets
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.
 "Gujarat Fluoro hits 52-wk high after arm incorporates German subsidiary")
Inox India shares gain 5% on securing patent rights for cold storage unit
The uptick in Inox India share price came after the company announced that it has received patent rights from the Patents office, Government of India.
 "Inox India shares gain 5% on securing patent rights for cold storage unit")
Chandan Taparia of MOFSL recommends buying these stock on September 11
PI Industries is in a strong uptrend and holding the gains at higher zones.
 "Chandan Taparia of MOFSL recommends buying these stock on September 11")
SEPC shares up over 4% on bagging Rs 183-cr order from Bihar Government
The uptick in SEPC share price came after the company announced that it has secured an order of Rs 182.56 crore.
 "SEPC shares up over 4% on bagging Rs 183-cr order from Bihar Government")
Sona BLW share price surges 3% on raising funds worth Rs 2400 crore via QIP
The Sona BLW share price rose after the company announced that it has successfully raised Rs 2,400 crore via qualified institutional placement (QIP).
 "Sona BLW share price surges 3% on raising funds worth Rs 2400 crore via QIP")
IRB Infrastructure August toll collection zooms 20% YoY; share price gains
The August 2024 toll revenue grew over 20 per cent year-on-year to Rs 503 crore, from Rs 417 crore in August 2023.
 "IRB Infrastructure August toll collection zooms 20% YoY; share price gains")
Nibe share price locked in 5% upper band after units secure multiple orders
The surge in the Nibe shares came after the company announced multiple order wins by its subsidiaries.
Here's why RBM Infracon stock was locked in 5% upper circuit today; details
The uptick in the RBM Infracon stock price came after the company announced that it has bagged an order worth Rs 3,498 crore from Oil and Natural Gas Corporation (ONGC).
 "Here's why RBM Infracon stock was locked in 5% upper circuit today; details")
SBI Card, Laxmi Organic and GAEL among top bets by Jigar S Patel for today
Over the past 7-8 weeks, Laxmi Organic Industries has been trading within a relatively narrow range of approximately Rs 235-270, indicating a period of consolidation.
 "SBI Card, Laxmi Organic and GAEL among top bets by Jigar S Patel for today")
Sundaram-Clayton share price up 4% after Tamil Nadu unit begins production
The shares of Sundaram-Clayton surged after the company announced that it has commissioned the commercial production of Aluminium Die Castings, effective September 5, in Tamil Nadu.
 "Sundaram-Clayton share price up 4% after Tamil Nadu unit begins production")
Nuvama says 'Buy' Polycab India for 25% upside, raises target; Here's why
The brokerage, however, has maintained its 'Buy' rating on the scrip.
 "Nuvama says 'Buy' Polycab India for 25% upside, raises target; Here's why")
Goldiam International hits all-time high on Rs 70-cr order win; details
The jump in Goldiam International share price came after the company announced that it has secured an order worth Rs 70 crore from a large retailer in the USA.
 "Goldiam International hits all-time high on Rs 70-cr order win; details")
Godfrey Phillips shares slip 5% on 24Seven retail business sale report
The fall in Godfrey Phillips shares price came after media reports indicated that the company has finalised the sale of its retail business 24Seven.
Here's why Rama Steel Tubes shares rallied 14% on September 4; details here
The rise in Rama Steel Tubes came after the company announced that it has inked a partnership with Onix Renewable.
 "Here's why Rama Steel Tubes shares rallied 14% on September 4; details here")
ICICI Securities raises Signature Global target price, sees 35% upside
Following the boost in its target price, Signature Global share gained 1.77% intraday. The price hike was attributed to its strong project portfolio and its scope for expansion beyond Gurugram.
 "ICICI Securities raises Signature Global target price, sees 35% upside")
Exicom Tele-Systems drops 5% after Rare Enterprise sells 1.5 mn shares
The fall in the Exicom Telecoms share price came after Late Rakesh Jhunjhunwla-backed entity Rare Enterprises offloaded 15,85,000 shares of Exicom Telecoms at Rs 348.60 per share.
GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr
The decline in GIC Re's share price follows the central government's announcement of its plan to reduce its stake in the company by 6.78 percent to raise about Rs 4,700 crore.
 "GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr")
How expensive are the Indian stock markets? A quick check on PE multiples
The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.
 "How expensive are the Indian stock markets? A quick check on PE multiples")
Kitex Garments hits over 7-yr high on strong outlook; zooms 90% in 1 month
The management said the company's capacity utilization is currently at its peak and the factory order position is fully booked up to June 2025.
 "Kitex Garments hits over 7-yr high on strong outlook; zooms 90% in 1 month")
Medplus Health up 3% on stay against suspension order of Vikhroli store
The surge in Medplus Health shares came after the company announced that it has received a stay order against the suspension order of a store in Vikhroli, Maharashtra.
