Stock Market Live Updates 5 July 2024: Stock to buy today: FDC (₹507): BUY

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE share prices and Indian stock markets for 5 July 2024.

• July 05, 2024 09:48
  

  Stock market live updates: Panama Petrochem ratings on bank facilities reaffirmed; stock declines on NSE

  Panama Petrochem said CARE Ratings has reaffirmed the ratings on the bank facilities of the company, as under: Reaffirmed the rating, on long term bank facilities to CARE A+; Stable 

  Reaffirmed the rating, on short term bank facilities to CARE A1+ 

  Stock declines 1.71% on the NSE, trading at ₹400.30

• July 05, 2024 09:36
  

  Stock market live updates: Macrotech Developers operational updates for Q1FY25

  a) Pre-Sales: ₹40.3 billion, growth of 20% on y-o-y basis. 

  b) Collections: ₹26.9 billion, showing a growth of 12% y-o-y. 

  Stock trades at ₹1,511.50 on the NSE, up 0.12%.

• July 05, 2024 09:36
  

  Stock market live updates: Top gainers and losers on the NSE at 9.30 am

  Top gainers: Cipla (1.57%), Divi’s Lab (1.49%), Bajaj Auto (1.24%), Hindalco (1.05%), Britannia (0.90%)

  Top losers: HDFC Bank (-3.85%), Tata Steel (-1.41%), Titan (-0.97%), M&M (-0.97%), ICICI Bank (-0.87%)

• July 05, 2024 09:34
  

  Stock market live updates: IPO screener: Bansal Wire issue closes today

  The initial public offering of Bansal Wire Industries will close for public subscription today. The IPO has so far been subscribed 5.73 times, thanks to high net worth individuals and retail investors.

  The ₹745-crore initial public offering in a price band of ₹243-256, is entirely a fresh issue of 2.91 crore shares. The market lot is 58 shares. Read more

• July 05, 2024 09:24
  

  Stock market live updates: HDFC Bank reports 52.6% jump in gross advances

  HDFC Bank has reported a 52.6 per cent year-on-year (yoy) jump in gross advances and 24.4 per cent yoy growth in total deposits in Q1FY25. These figures take into account the impact of merger of erstwhile HDFC Ltd with the Bank on July 1, 2023. Read more

• July 05, 2024 09:23
  

  Stock market live updates: BSE Sensex fell 384.07 points or 0.48% to trade at 79,665.60, and Nifty 50 dropped by 92.50 points or 0.38% to 24,209.65 as at 9.18 am.

• July 05, 2024 09:22
  

  Stock market live updates: Crude oil set for a fourth week of gains on increased demand in US during summer

  Crude oil prices were set for fourth week of gains due to increased demand during summer in the US, and concerns over the possible supply disruptions due to geopolitical factors. However, crude oil futures traded lower on Friday morning. At 9.09 am on Friday, September Brent oil futures were at $87.13, down by 0.34 per cent, and August crude oil futures on WTI (West Texas Intermediate) were at $83.72, down by 0.40 per cent. July crude oil futures were trading at ₹6988 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday morning against the previous close of ₹7024, down by 0.51 per cent, and August futures were trading at ₹6932 against the previous close of ₹6964, down by 0.46 per cent.

• July 05, 2024 09:21
  

  Stock market live updates: Brokerage house recommendations

  MACQUARIE ON HDFC BANK

  * Seasonally weak quarter, all eyes on margins

  * Decline in deposit growth driven by seasonality in CASA

  * Decline in corporate and wholesale loans drives flat growth; in line with strategy of improving product mix

  * Expect NIMs to remain broadly unaffected

  CLSA ON FINANCIAL 

  * Met 47 investors over a recent, two-week UK/US roadshow

  * Some positive inclination towards banks, HDFC Bank/Kotak most discussed

  * The top concerns remained tight liquidity/deposit growth and regulatory

  * Positive stance on ICICI Bank was largely agreed on

  * Bullish stance on Bajaj received a muted response

  * Among other names, there was some interest in vehicle finance, but negligible in gold loans/credit cards

  JP MORGAN ON HDFC BANK

  * Maintain Overweight with target price of Rs 1800

  * Slowing down to speed up

  * Period end deposit balances were flat QoQ

  * Loan mix continues to shiftdi towards retail and CRB

  JEFFERIES ON HDFC BANK 

  * Maintain Buy with target price of Rs 1880

  * Q1 Pre-Qtr: Soft Deposit Mobilisation Slightly Disappointing

  * Retail and SME/rural loans led growth

  * Key to watch in results: retail + deposit trend, NIM, opex

  MACQUARIE ON INDIA BUDGET

  * Expect the government to stick to its 5.1% fiscal deficit target for

  * RBI’s additional dividend could go towards populist schemes

  * Farm loan waivers are unlikely

  * Expect some tax changes in the F&O segment

  * Core focus will be infra, housing, defence and PLI schemes; don’t see the government reducing allocation in these segments

  ANTIQUE ON RAMCO CEMENT 

  * Downgrades to Hold from Buy; cuts target to ₹840/sh from ₹1000/sh

  * The wait for better profitability may get longer

  * Prices in the South may remain muted for longer

  * South consolidation may drive better prices in mid-term, but may be under pressure in near term

  * Net debt may remain in the range of ₹5,000 cr

  PSP PROJECTS Q1 : ABAKKUS FUND NAME NOT IN Q1 SHAREHOLDING IR STAKE BELOW 1 % V 1.12 % STAKE 

  FIIs STAKE INCREASED TO 7.02 % FROM 6.57 % 

  DIIs STAKE INCREASED TO 10.50 % FROM 9.23 %

  KALYAN JEWELLERS: CO’S Q1 CONSOLIDATED REVENUE GROWTH ABOUT 27% (YOY) || CO’S Q1 INDIA SAME-STORE-SALES-GROWTH 12%

  #AngelOne June Update

  –Client Base Up 3.7% MoM & Up 64.2% YoY At 24.72 Million

  –Number of Orders Up 5.9% MoM & Up 87.3% YoY At 168.01 Million

  MACROTECH DEVELOPERS: CO PRE-SALES: WE ACHIEVED Q1 FY25 PRE-SALES OF RUPEES 40.3B, GROWTH OF 20% (YOY)

  MACROTECH DEVELOPERS: CO’S COLLECTIONS WERE RUPEES 26.9B FOR Q1 FY25 SHOWING A GROWTH OF 12% (YOY)

• July 05, 2024 09:19
  

  Stock market live updates: Brokerage house views

  Antique on Ramco Cements

  Downgrade to Hold, TP cut to Rs 840 from Rs 1000

  Cos 4Q realization to 4-yr low of less than Rs 4900/tn may not improve meaningfully in near-term as

  a) South region utilization (currently at 65%) is unlikely to fall below 55% nor is it likely to cross 85%

  b)Ramp-up of recently acquired low utilized assets by larger peers in near-term

  Hence, Co’s profitability may not improve meaningfully in near-term which is key for deleveraging & re-rating

  Cut FY25– 27E EBITDA by 5%–8%, lower target multiple to 12x (earlier 13x)

  Jefferies on HDFC BK (Q1 update)

  Buy, TP Rs 1880

  Deposits were flat QoQ & below Rs297bn mobilised in 1QFY24, which was slightly disappointing.

  Avg deposits were +5% QoQ

  Await trends in retail & wholesale deposits, which were provided up to 4Q

  MS on HDFC BK (Q1 update)

  OW, TP Rs 1900

  Volume growth expected to be soft owing to seasonality.

  Period-end deposit growth was flat QoQ, but was up 4.6% QoQ on an average basis.

  Reported loan growth was down 0.8% QoQ, largely owing to the wholesale segment (down 5% QoQ, by est.)

  Nomura on HDFC BK (Q1 update)

  Neutral, TP Rs 1660

  Reported 11% y-y / flat q-q growth in its gross AUM on a proforma basis.

  Net of loan sell-downs [i.e., interbank participatory certificates (IBPC)], gross loans declined by 0.8% q-q, while y-y growth stood at a soft 10.8% y-y.

  Bernstein on HDFC BK (Q1 update)

  O-P, TP Rs 2100

  Yet another weak first quarter for deposits

  Sharp decline in corporate/wholesale loans

  Lower CASA might offset gains from better loan mix

  CLSA on HDFC BK (Q1 update)

  O-P, TP Rs 1725

  Deposit accretion weaker-than-expected in 1QFY25

  GS on NTPC

  Buy, TP Rs 395

  Govt seeking accelerated coal capacity ordering; suggests a sense of urgency, but supply chain could be a challenge

  NTPC’s coal pipeline robust; impending foray into nuclear should provide long-term growth visibility

  Trading at an appealing val

  CITI On PNB (Q1 update)

  Sell, TP Rs 95

  Reported gross advances growth of 12.7% yoy/5.1% qoq, faster than 4Q growth of 11.5% yoy and CitiE of 3.4% qoq.

  Domestic advances registered growth of 12.1% yoy/5% qoq

  Expect retail & SME advances to be primary growth driver

  MS on RBL BK (Q1 update)

  UW, TP Rs 250

  Gross loan growth 3% QoQ (18% YoY vs 19% in 4QF24).

  Retail loan growth strong (10% QoQ vs. 6%), while non-retail declined (down 7% vs. +3%).

  CASA deposits declined 9%, after +16% QoQ in 4QF24.

  Liquidity strong (137% vs. 140%)

  MS on Gujarat Gas

  Gujarat Gas has lifted industrial natural gas prices amid global LNG supply disruptions & after increase in auto CNG prices by IGL

  This should help margins recover as the economics still favour gas.Antique on Ramco Cements

  Downgrade to Hold, TP cut to Rs 840 from Rs 1000

  Cos 4Q realization to 4-yr low of less than Rs 4900/tn may not improve meaningfully in near-term as

  a) South region utilization (currently at 65%) is unlikely to fall below 55% nor is it likely to cross 85%

  b)Ramp-up of recently acquired low utilized assets by larger peers in near-term

  Hence, Co’s profitability may not improve meaningfully in near-term which is key for deleveraging & re-rating

  Cut FY25– 27E EBITDA by 5%–8%, lower target multiple to 12x (earlier 13x)

  Jefferies on HDFC BK (Q1 update)

  Buy, TP Rs 1880

  Deposits were flat QoQ & below Rs297bn mobilised in 1QFY24, which was slightly disappointing.

  Avg deposits were +5% QoQ

  Await trends in retail & wholesale deposits, which were provided up to 4Q

  MS on HDFC BK (Q1 update)

  OW, TP Rs 1900

  Volume growth expected to be soft owing to seasonality.

  Period-end deposit growth was flat QoQ, but was up 4.6% QoQ on an average basis.

  Reported loan growth was down 0.8% QoQ, largely owing to the wholesale segment (down 5% QoQ, by est.)

  Nomura on HDFC BK (Q1 update)

  Neutral, TP Rs 1660

  Reported 11% y-y / flat q-q growth in its gross AUM on a proforma basis.

  Net of loan sell-downs [i.e., interbank participatory certificates (IBPC)], gross loans declined by 0.8% q-q, while y-y growth stood at a soft 10.8% y-y.

  Bernstein on HDFC BK (Q1 update)

  O-P, TP Rs 2100

  Yet another weak first quarter for deposits

  Sharp decline in corporate/wholesale loans

  Lower CASA might offset gains from better loan mix

  CLSA on HDFC BK (Q1 update)

  O-P, TP Rs 1725

  Deposit accretion weaker-than-expected in 1QFY25

  GS on NTPC

  Buy, TP Rs 395

  Govt seeking accelerated coal capacity ordering; suggests a sense of urgency, but supply chain could be a challenge

  NTPC’s coal pipeline robust; impending foray into nuclear should provide long-term growth visibility

  Trading at an appealing val

  CITI On PNB (Q1 update)

  Sell, TP Rs 95

  Reported gross advances growth of 12.7% yoy/5.1% qoq, faster than 4Q growth of 11.5% yoy and CitiE of 3.4% qoq.

  Domestic advances registered growth of 12.1% yoy/5% qoq

  Expect retail & SME advances to be primary growth driver

  MS on RBL BK (Q1 update)

  UW, TP Rs 250

  Gross loan growth 3% QoQ (18% YoY vs 19% in 4QF24).

  Retail loan growth strong (10% QoQ vs. 6%), while non-retail declined (down 7% vs. +3%).

  CASA deposits declined 9%, after +16% QoQ in 4QF24.

  Liquidity strong (137% vs. 140%)

  MS on Gujarat Gas

  Gujarat Gas has lifted industrial natural gas prices amid global LNG supply disruptions & after increase in auto CNG prices by IGL

  This should help margins recover as the economics still favour gas.

• July 05, 2024 09:15
  

  Stock market live updates: Kalyan Jewellers Q1 update: Revenue growth of about 29% YoY for India operations during Q1 (Supportive for stock prices)

• July 05, 2024 09:15
  

  Stock market live updates: Ex Dividend Date Today

  M&M- Dividend Rs 21.1

  Apollo Tyres- Dividend Rs 6

  Balkrishna Ind-Dividend Rs 4

  Bharat Forge-Dividend Rs 6.5

  Escorts Kubota-Dividend Rs 18

  Navin Fluorine – Dividend Rs 7

  Piramal Ent-Dividend Rs 10

  3M India- Dividend Rs 685

  Redington- Dividend Rs 6.2

• July 05, 2024 09:14
  

  Stock market live updates: Fund House recommendations 

  MOSL on BEL: Maintain Buy on Company, target price at Rs 360/Sh (Positive)

  MOSL on L&T: Maintain Buy on Company, target price at Rs 4150/Sh (Positive)

  GS on L&T: Maintain Buy on Company, raise target price at Rs 3700/Sh (Positive)

  MOSL on ABB: Maintain Buy on Company, target price at Rs 9500/Sh (Positive)

  CLSA on Financials: Met 47 investors over a recent, two-week UK/US roadshow, positive on ICICI Bank (Positive)

  Bernstein on HDFC Bank: Maintain Outperform on Bank, target price at Rs 2100/Sh (Positive)

  Macquarie on HDFC Bank: Seasonally weak quarter, all eyes on margins (Neutral)

  IIFL on HDFC Bank: Weaker than expected loan and deposit trends (Neutral)

  Nomura on HDFC Bank: Maintain Neutral on Bank, target price at Rs 1660/Sh (Neutral)

  Jefferies on HDFC Bank: Maintain Neutral on Bank, target price at Rs 1880/Sh (Neutral)

  MS on HDFC Bank: Maintain Overweight on Bank, target price at Rs 1800/Sh (Neutral)

  MS on RBL Bank: Maintain Underweight on Bank, target price at Rs 250/Sh (Neutral)

  Antique on Ramco Cement: Downgrade to Hold on Company, cut target price at Rs 840/Sh (Negative)

• July 05, 2024 08:18
  

  Stock market live updates: IPO screener: Emcure Pharmaceuticals issue closes today

  The public issue of Emcure Pharmaceuticals closes today and the offer has so far been subscribed 4.98 times. The initial public offering (IPO) of Bain Capital-backed Emcure Pharmaceuticals Ltd has come out with a price band of ₹960-1008. The IPO size is ₹1,952.03 crore – a fresh issue of 79 lakh shares worth ₹800 crore, and an offer-for-sale (OFS) of 1.14 crore shares totalling ₹1,152.03 crore. The minimum lot size for an application is 14 shares. Read more

• July 05, 2024 08:15
  

  Stock market live updates: Corporate events

  Alhuwalia Contracts: Company gets Rs 572 crore order from Airport Authority of India for development of new civil enclave at Darbhanga Airport in Bihar.

  CG Power: Company enters into Development Agreement with Sky bound Realty.

  RVNL: Company signs MoU with Delhi Metro Rail Corp for participation in upcoming projects in India and abroad 

  Sanghvi Movers: Company incorporates wholly owned subsidiary, Sangreen Logistics. 

  Railtel corporation: Company secured order worth Rs.239.6m 

  Shilpa Medicare: Company’s CDMO customer reported positive results from pivotal clinical trial & placed binding purchase order. 

  Raymond: Company Board approves demerger of Raymond Realty and Raymond Limited. 1 equity share of Raymond Realty every 1 equity share of Raymond Limited. 

  BGR Energy: Company to raise up to ₹1,000 cr via rights issue 

  KDDL: Company board meeting on July 9 to consider a proposal for buyback of shares 

  IDFC First Bank: LIC acquires additional 2.68% stake in Bank for Rs 150 crore 

  ICICI Lombard: Company launches AI-powered health insurance plan 

  Ujjivan SFB: Deposits up 22% at Rs 32,500cr; Loan book up 19% at Rs 30,091cr YoY

  Capital SFB: Asset & CASA ratio improves QoQ, Deposit at Rs7778cr vs Rs 7064 cr, up 10.1% YoY

  PNB: Global Deposits Up 2.8% QoQ & 8.5%, Domestic Deposits Up 2.7% QoQ & 8.1% YoY 

  IRCON: Company gets order worth ₹750.82 crore from Rail Vikas Nigam Limited (RVNL) 

  United Spirits: Company signs leased manufacturing agreement with West Bengal government. 

  UCO Bank: Total Advances Up 17.78% at Rs 1.94 lakh Cr Vs Rs 1.64 lakh Cr YoY, Total Deposits Up 7.39% at Rs 2.68 lakh Cr Vs Rs 2.50 lakh Cr YoY 

  Poonawalla Fincorp: Company’s AUM grew by 52% to Rs 26,970 crore in Q1FY25.

  Krsnaa Diagnostics: Receives order from Bhabha Atomic Research Centre for providing Tele Reporting Services for Radiology at the BARC Hospital, Mumbai 

  VST Ind: Radhakishan Damani increased stake by 2 percent to 36.33 percent 

  Bajaj Auto: Company to launch World’s First CNG Bike. Plans to manufacture 20,000 units/month by 2025 

  ESAF Small Finance Bank: Total Deposits Up 33.41% YoY & Up 5.13% QoQ, Term Deposits Up 24.65% YoY & 3.87% QoQ 

  Mahindra Life space: Company Developers selected as preferred partner for redevelopment of 7 residential societies in Mumbai’s Borivali West.

  FSN E-Commerce: Company’s arm incorporates wholly owned subsidiary, Nysaa Cosmetic Trading in Qatar

  Ixigo: Net profit at Rs 7.34 cr vs Rs 4.69 cr (YoY), Revenue at Rs. 167.99 cr vs Rs. 138.85 cr (YoY) 

  H.G. INFRA: Company says H.G. solar projects PVT ltd, a wholly owned subsidiary of co, has incorporated a wholly owned subsidiary, namely H.G. DUDU solar project PVT ltd

  HDFC Bank: The Bank’s gross advances grew by 14.9% YoY (Excluding merger impact) (Last Quarter growth was 17.3%) The Bank’s deposit grew by 16.5% YoY (Excluding merger impact) (Last Quarter growth was 18.4%) 

  CIPLA: Company says dissolution of wholly owned step-down subsidiary in Philippines.

  Zomato: Company shuts down hyperlocal delivery platform ‘Xtreme’ amid poor demand 

  Delhivery: MCA approves incorporation of Company’s wholly-owned subsidiary, Delhivery Robotics India.

  IDBI Bank: Total Deposits Up 13% At Rs. 2.77 lakh Cr Vs Rs. 2.44 LK Cr (YoY), Net Advances Up 17% at Rs. 1.94 Lk Cr vs Rs 1.65 Lk Cr (YoY)

  Greaves Ind: Unit Greaves Finance Names P. B. Sunil Kumar as CEO. 

  Lloyds Metals: QIP opens at ₹732.08/sh floor price 

  Coforge: Company acquires 30 lakh shares of CignitiTech aggregating to 11.07% of current paid-up share capital & 10.97% of expanded capital. 

  Elecon Engineering: Company has informed the Exchange that Record date for the purpose of Split/Subdivision is 19-Jul-2024. 

  RBL Bank: The bank’s total deposits surged by 18% year-on-year to ₹101,351 crore, down by 2% QoQ

• July 05, 2024 08:00
  

  Stock market live updates: Sensex, Nifty seen flattish at open

  Domestic markets are expected to open on a flat note on Thursday. Analysts expect lacklustre trading to continue, with select counters attracting activity. Read more

• July 05, 2024 07:44
  

  Stock market live updates: Restaurant Brands Asia Ltd. HDFC Mutual Fund bought 45,50,000 at ₹110.46

• July 05, 2024 07:43
  

  Stock market live updates: Abans Holdings Ltd. Genesis Grand General Trading L.L.C bought 3,50,000 at ₹490.87

• July 05, 2024 07:25
  

  Stock market live updates: Securities in F&O ban for trade date 05-July-2024  

  * ABFRL

  * BANDHANBANK

  * HINDCOPPER

  * INDIACEM

  * PEL

• July 05, 2024 07:24
  

  Stock market live updates today: Stocks that will see action today July 5

  Optiemus Unmanned Systems (OUS), a subsidiary of Optiemus Infracom Ltd, on Thursday said it will invest around ₹140 crore to deploy 5,000 drones in the agricultural and mapping category over the next one year. Through this project, it is also targeting a service revenue of around ₹600-₹900 crore by the end of calendar year 2025, a top official at the company said, adding that the prices of the drones starts at around ₹2.50 lakh each. Read more

• July 05, 2024 06:54
  

  Stock market live updates: Stock to buy today: FDC (₹507): BUY

• July 05, 2024 06:53
  

  Stock market live updates: IDFC First Bank: LIC to buy additional 0.20 % stake today at ₹80.63 for a share via preferential allotment, taking LIC stake to STAKE 2.68% from 2.48%

• July 05, 2024 06:52
  

  Stock market live updates: Researchbytes Analyst App

  https://play.google.com/store/apps/details?id=com.intelegain.rb

  Recent Interview…

  As of 18:33 PM Thursday 04 July 2024

  Dixon Technolog: Saurabh Gupta, CFO

  Dixon Tech: Company Shakes Hand With HKC, What’s The Phone Production Targets For Future?

  ESAF Small Fina: Kadambelil Paul Thomas, MD & CEO

  Faced Challenges In Certain Geographies, Mainly In Coastal Areas Of Tamil Nadu: ESAF SFB

  Gokaldas Export: Sivaramkrishnan Ganapathi, MD

  Gokaldas Exports: PLI Scheme To Aid Savings In Textile Sector, Tax Relief To Boost Textile Exports?

  Inox Wind: Devansh Jain, Director

  All Term Debt Will Be Paid In Due Course Of Time: INOX Wind

  JSW Energy: Sharad Mahendra, Jt MD & CEO

  JSW Energy: How Will Budget Expectations and Recent PPAs Shape Future Growth?

  Star Health and Allied Insurance: Anand Roy, MD

  Expect To Have The Largest Health Insurance Book Over The Next 4 Years: Star Health Insurance

  CSB Bank: Pralay Mondal, MD & CEO

  CSB Bank: Company Growing In Gold Loan Sector, How Will Wholesale Growth Rebound In FY25?

  J Kumar Infra: Nalin Gupta, MD

  J Kumar Infra Q1: New Projects Coming In, How Will Budget Accelerate The Infra Push?

  NLC Nalco India : Prasanna Motupalli, CMD

  Will Increase Renewable Capacity By 4 Times By 2030: NLC India

  Puravankara: Abhishek Kapoor, ED & CEO

  Looking To Deploy More Than ?2,500 Cr Towards Land Purchase: Puravankara

  Events today…

  https://www.researchbytes.com/Default.aspx?cc=event

  Results today…

  https://www.researchbytes.com/Default.aspx?cc=result

  Replays available at www.researchbytes.com

• July 05, 2024 06:51
  

  Stock market live updates: Fund Flow Activity

  04 July 2024 (Rs. In Crs.)

  Turnover: (NSE + BSE)

  Cash Volume: 138453.37 + 10569.13 Total: 149022.5

  F&O Volume: 428098.3 + 1332054.04 Total: 1760152.34

  Provisional Cash

  FII/FPI: NET BUY: +2575.85 

  (13837.28 – 11261.43) 

  DII: NET SELL: -2375.18

  (11303.32 – 13678.5)

• July 05, 2024 06:50
  

  Stock market live updates: Economic Calendar – 05.07.2024  

  18:00 U.S. Unemployment Rate (Expected: 4.0% versus Previous: 4.0%) 

  18:00 U.S. Non-Farm Employment Change (Expected: 189K versus Previous: 272K) 

  20:30 U.S. Fed Monetary Policy Report

  22:45 Euro ECB President Lagarde Speaks

  07th July 2024: French Parliamentary Elections (National Assembly)

• July 05, 2024 06:42
  

  Stock market live updates: Stock to buy today: FDC (₹507): BUY

  The near-term outlook is bullish for FDC. The share price has surged over 7 per cent in the last couple of days. This rise has taken the stock well above the key intermediate resistance level of ₹490. The region between ₹495 and ₹490 will now act as a good support zone and limit the downside in case there is dip. Read more

• July 05, 2024 06:40
  

  Stock market live updates: NCLT tells Byju’s to pay salary dues to employees or face audit

  The National Company Law Tribunal (NCLT) has directed the embattled edtech major Byju’s to pay salaries irrespective of having access to the funds raised through its rights issue and warned of an audit if employees were not paid. Read more

• July 05, 2024 06:40
  

  Stock market live updates: Exide Industries’ subsidiary EESL nearing completion of lithium-ion cell manufacturing project

  Storage battery major Exide Industries expects the first phase of the green-field 12-gigawatt lithium-ion cell manufacturing plant in Bengaluru to be completed by the end of the current financial year, as the project is progressing according to the timelines. Read more

• July 05, 2024 06:39
  

  Stock market live updates: Bank of Maharashtra, UCO Bank report strong credit growth in Q1

  Public sector banks seem to have started FY25 on a strong note, clocking robust credit growth, going by provisional business updates of Bank of Maharashtra (BoM) and UCO Bank for the first quarter of FY25. Read more

• July 05, 2024 06:38
  

  Stock market live updates: Raymond to spin off real estate business, list on exchange

  Raymond has demerged its real estate business into its wholly owned subsidiary under Raymond Realty. Upon completion of this demerger, Raymond and Raymond Realty will operate as separate listed entities within the Raymond Group, post all statutory approvals. Read more

• July 05, 2024 06:37
  

  Stock market live updates: India is seeing big growth, but base must be made strong: Buch

  While India is fortunate to be growing rapidly even as other countries are seeing a slowdown, there is a need to make sure that the growth is built on a strong foundation, SEBI chairperson Madhabi Puri Buch said on Thursday. Read more

• July 05, 2024 06:35
  

  Stock market live updates: Schneider Electric launches Next-gen solutions for energy management

  Schneider Electric, a global player in the digital transformation of energy management and automation, launched the ‘Wiser 2.0’ smart home automation series designed for seamless and scalable automation. It also introduced the ‘Miluz Lara’ switches and sockets range, equipped with advanced functionalities, including air quality indicators that offer real-time AQI data. Read more

• July 05, 2024 06:33
  

  Stock market live updates: Enterprises must exhibit agility to adapt to changing business environment, says Sonata Software CTO

  “With the evolving landscape of technology, enterprises are required to adapt agility and modernisation practices. And if enterprises have to be agile, data needs to be at the centre,” says Rajsekhar Datta Roy, CTO of Sonata Software. Read more

• July 05, 2024 06:32
  

  Stock market live updates: NSE to cap SME listing gains to 90% of issue price

  The National Stock Exchange will apply a cap of 90 per cent to all small and medium enterprises (SME) stocks that list on its platform in a bid to restrict runaway gains and bring more stability to the opening price discovery process for such stocks. Read more

• July 05, 2024 06:29
  

  Stock market live updates: BGR Energy plans ₹1,000-cr rights issue

  BGR Energy Systems intends to raise ₹1,000 crore through a rights issue, the company said in a notice to the stock exchanges on Thursday. However, the record date for determining the eligible shareholders as well as the entitlement ratio of the issue are yet to be decided. Read more