Page 9 - Stock Market Rally
Suraj Estate stock rallies 9% on healthy outlook; up 101% in one month
Brokerage firm Nuvama Wealth and Investment has initiated coverage on Suraj Estate with a 'BUY' rating and a target price of Rs 757, valuing the stock at 1.4x FY26E NAV.
 "Suraj Estate stock rallies 9% on healthy outlook; up 101% in one month")
Sensex can hit 87,000 levels by year-end; stick with large-caps: Analysts
Analysts believe there is more room for an upside going ahead, but investors need to be patient as it will not be a runaway rally for the markets from here on.
 "Sensex can hit 87,000 levels by year-end; stick with large-caps: Analysts")
Pharma shares shine; Dr Reddy's, FDC, Glenmark, Suven trade at record highs
Shares of Wockhardt hit a multi-year high of Rs 943.20, zooming 65 per cent in past nine trading days.
 "Pharma shares shine; Dr Reddy's, FDC, Glenmark, Suven trade at record highs")
Big boom in capital market, atmosphere of joy: PM on Lok Sabha polls result
PM Modi made the remark while replying to the debate on a motion in Rajya Sabha thanking President Droupadi Murmu's address to the joint sitting of Parliament
 "Big boom in capital market, atmosphere of joy: PM on Lok Sabha polls result")
Stock market highlights H1CY24: Sensex, Nifty hit new high; midcaps shine
According to the available data, domestic institutional investors (DIIs) have pumped in Rs 2.3 trillion in the Indian equities during H1-CY24. 37 mid, smallcap stocks have doubled during this period
 "Stock market highlights H1CY24: Sensex, Nifty hit new high; midcaps shine")
Bombay Burmah stock zooms 15% on jump in volume; up 47% in June
Bombay Burmah stock update: The stock hit a new high at Rs 2,168 on the BSE in Friday's intra-day trades.
 "Bombay Burmah stock zooms 15% on jump in volume; up 47% in June")
Tariff hike impact: Airtel soars 5%, hits new high; RIL mcap tops Rs 21 trn
Telecom stock update: Bharti Airtel rallied 5 per cent to hit a new high at Rs 1,539; RIL rose 2% to Rs 3,129, and saw its market capitalisation touch Rs 21.12 trillion in intra-day trades today.
 "Tariff hike impact: Airtel soars 5%, hits new high; RIL mcap tops Rs 21 trn")
700% surge in just 6 months: 25 SME stocks double in 2024; sell or hold?
Analysts caution that the sharp rally in SME stocks makes them a risky proposition at current levels, and also highlight the inherent risk associated to such investments.
 "700% surge in just 6 months: 25 SME stocks double in 2024; sell or hold?")
This railway related stock has zoomed 91% from June 5 low
Shares of Titagarh Rail Systems hit a new high of Rs 1,896.50, surging 7 per cent on the BSE in Thursday's intra-day trade on account of a healthy business outlook.
 "This railway related stock has zoomed 91% from June 5 low")
Whirlpool stock zooms 19% on heavy volumes; Here's what triggered the rally
According to a Reuters report, German engineering group Robert Bosch is weighing a bid for the US appliances manufacturer Whirlpool.
 "Whirlpool stock zooms 19% on heavy volumes; Here's what triggered the rally")
Sensex: 80 trading days from 70,000 to 75,000, third fastest 5K addition
The fastest addition of 5,000 points came from August 13, 2021, to September 24, 2021, when Sensex moved from 55,437 to 60,048 in 28 days
 "Sensex: 80 trading days from 70,000 to 75,000, third fastest 5K addition")
Sensex hits 78,000: 3 reasons that led to 712-pts rally on BSE benchmark
The NSE Nifty crossed the 23,700 level for the first-time ever; while the Nifty Bank index zoomed past 52,700 levels.
 "Sensex hits 78,000: 3 reasons that led to 712-pts rally on BSE benchmark")
Private banks gain up to 4%; Axis, ICICI hit new highs; HDFC nears summit
At 02:04 pm; Nifty Private Bank index was up 1.7 per cent, as compared to 0.65 per cent rise in the Nifty 50 and 0.20 per cent gain in Nifty PSU Bank index.
 "Private banks gain up to 4%; Axis, ICICI hit new highs; HDFC nears summit")
Garden Reach Shipbuilders hits record high; stock zooms 146% in 3 months
In the past two days, the stock has surged 17% after the company secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each.
 "Garden Reach Shipbuilders hits record high; stock zooms 146% in 3 months")
This smallcap stock has surged 42% in 2 days; nearly doubled in 13 days
Shares of John Cockerill India hit a new high of Rs 6,443, and have zoomed 98% from a level of Rs 3,250 hit on June 5, 2024.
Pilani, Vardhman: Here's why shares of Holding firms rallied up to 20%
Market regulator, the Sebi on Thursday announced a framework for special call auctions with no price bands for price discovery of investment holding companies.
 "Pilani, Vardhman: Here's why shares of Holding firms rallied up to 20%")
Why are FIIs buying bank stocks, and will this momentum sustain?
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
 "Why are FIIs buying bank stocks, and will this momentum sustain?")
Gravita India soars 15% amid heavy volumes on healthy outlook
The stock has zoomed 72 per cent from its June 04 low; Company's management has shared an ambitious growth plan - 'Vision 2028'.
 "Gravita India soars 15% amid heavy volumes on healthy outlook")
Investors beware! Four risks that can trigger a stock market correction
The faith in the market is at epic levels and may require something equally epic to break the faith. High or even bubble valuations are irrelevant for non-institutional investors, said a KIE note
 "Investors beware! Four risks that can trigger a stock market correction")
Bosch market cap crosses Rs 1 trillion; stock hits new high, gains 6%
At 11:13 am; with Rs 1.0 trillion market capitalisation, Bosch was trading 5 per cent higher at Rs 33,918.
 "Bosch market cap crosses Rs 1 trillion; stock hits new high, gains 6%")
