Stock Market Live Updates 28 February 2024

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 28 February 2024.

• February 28, 2024 08:32
  

  Stock market updates today: IPO Listing- Juniper Hotels Limited

  Listing Date : Wednesday, February 28, 2024 (Today) 

  ISIN : INE696F01016

  BSE : 544129‘ B’ Group

  NSE : JUNIPER

  NSE Series : EQ

  IPO Price : ₹ 360/-

  App. Min. Lot : 40 Shares

• February 28, 2024 08:32
  

  Stock market updates today: Dividend Dates

  Ex-Dividend 29 February 2024 (Tomorrow)

  Last date for Cum-Dividend Today

  Birla Precision Technologies Ltd.

  Dividend Per Share Rs.0.05

  Previous day Closing Price – Rs. 63.86

  Bodhi Tree Multimedia Ltd

  Dividend Per Share Rs.0.5

  Previous day Closing Price – Rs. 179.05

  Jupiter Wagons Ltd

  Dividend Per Share Rs.0.3

  Previous day Closing Price – Rs. 370.15

• February 28, 2024 08:31
  

  Stock market updates today: Fitch Second-Party Opinion on green bond issued by Adani Green Energy Ltd

  We consider the green bond, which is issued under the AGEL RG1 green finance framework dated February 2024, to align with the four core pillars of the Green Bond Principles (GBP) published by the ICMA. Our opinion is that the alignment to the ICMA principles is ‘Excellent’.

  AGEL RG1 comprises three SPVs, namely, Adani Green Energy UP Ltd, Prayatna Developers Private Limited and Parampujya Solar Energy Private Limited.

  Adani Green Energy Limited (AGEL), the parent company of the SPVs, is a pure-play renewable energy company headquartered in Ahmedabad, India. It is a publicly listed company within the Adani portfolio of companies. We consider AGEL to play an important role in the transition of India’s energy mix. Its renewable energy portfolio currently has a total locked-in capacity of around 20.4GW.

  Proceeds raised from the green bond issuance will be used to refinance existing borrowings at the issuer level, which were previously used on capital expenditures related to eligible projects in the renewable energy category; specifically, 25 different solar projects across eight states in India. The projects are related to solar electricity generation facilities or wholly dedicated evacuation infrastructure for solar electricity generation facilities. We deem the projects to be eligible green projects recognised by the GBP.

  We view the proposed projects to be environmentally positive and to contribute to climate change mitigation. Such projects are also eligible activities under internationally recognised taxonomies. We also consider the green bond proceeds to be channelled towards projects that are aligned with AGEL’s overall sustainability strategy and targets; however, as the proceeds are intended to be allocated to refinance existing projects or assets, the additionality generated would be less significant as compared to financing new projects.

• February 28, 2024 08:28
  

  Stock market updates today: All-India average price down ₹7 per 50kg bag in February

  Cement

  Elara Securities

  South India leads price fall

  All-India average price down INR 7 per 50kg bag in February 

  Our discussions with dealers, sales executives, and C&F agents suggest the usual excitement surrounding price increases during Q4 has been absent. This can be attributed to lower-than-expected demand, increased supply and a competitive pricing trend. As a result, all-India average retail price fell INR 7 per 50kg bag MoM to INR 375 in February vs an average MoM increase of INR 5 per bag for the past three years. MoM price movement across regions was as follows: South India saw the highest price cut of INR 13/bag, followed by INR 8/bag in East India, INR 6/bag in North India, INR 5/bag in West India and INR 3/bag in Central India. On the demand side, although most pockets witnessed MoM recovery, it has been below the desired levels. Market intermediaries anticipate a more favorable demand trend in March, but any major price hike seems unlikely, due to anticipated increase in volume pressure in the upcoming weeks, driven by year-end factors

• February 28, 2024 08:26
  

  Stock market updates today: L&T FIN.HOLDINGS: Riding retailization to deliver improved profitability

  (LTFH IN, Mkt Cap USD5.1b, CMP INR169, TP INR200, 18% Upside, Buy) 

  Motilal Oswal Financial

  – L&T Finance (LTFH) has exhibited a strong commitment to running down its wholesale book efficiently, resulting in a notable decline to ~INR70b (~9% of the Loan mix). Concurrently, the retail mix has improved to ~91%, with broad-based growth across all its core retail segments.

  – Retail Loans grew at a CAGR of ~25% with Rural Business Finance (MFI) growing at CAGR of ~26%, 2W at ~15%, Farm Equipment at ~12% and Home Loans at ~25% over FY21-9MFY24. After a period of post-COVID consolidation, LAP has resumed its growth trajectory with ~28% YoY growth

  – Mr. Sudipta Roy assumed the role of CEO of LTFH effective Jan’24. He aims to leverage his expertise/relationships from his previous role at ICICI Bank to further improve credit underwriting practices and strengthen the franchise’s position

• February 28, 2024 08:04
  

  Stock market updates today: SJVN Green Energy commissions 100 MW Raghanesda Solar Power Project located in Banaskantha, Gujarat.

  SGEL has bagged a 100 MW Solar Power Project at a tariff of ₹2.64 per unit through Competitive Tariff bidding conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). Power Purchase Agreement for the same has been signed with GUVNL for 25 years

• February 28, 2024 07:43
  

  Stock market updates today: SBI will grow at 14–15% in FY25, says Chairman Dinesh Khara

  Confident of growing ahead of the India’s GDP, Dinesh Khara, Chairman of India’s largest bank State Bank of India, said the bank is on course to record 14–15 per cent loan growth in the coming fiscal. Read more

• February 28, 2024 07:41
  

  Stock market updates today: Securities in F&O Ban For Trade Date 28-FEB-2024

  • ABFRL

  • CANBANK

  • SAIL

  • ZEEL

• February 28, 2024 07:39
  

  Stock market updates today: 5paisa Hires Aravind Tambad as Chief Growth Officer

  5paisa Capital Limited, One of India’s largest digital discount brokers, has hired Aravind Tambad as Chief Growth Officer (CGO). 

  Prior to joining 5paisa, Aravind Tambad worked as Chief Growth Officer for Paytm Money. Tambad is a seasoned leader with over 14-years of experience in consumer and B2B marketing and growth verticals across FMCGs, e-commerce, fashion and food delivery. He has a successful track record of delivering revenue growth for large consumer brands, build high performance teams, drive sales and deliver business profitability.

  Tambad has earlier worked with Uni Cards as head of growth and marketing, Swiggy as Entrepreneur in Residence, Charmboard, Myntra and Edusys. He completed his PDGM from Indian Institute of Management, Kolkata and also possess a degree in engineering.

  Aravind will be based in Bengaluru and will report to Mr Narayan Gangadhar, MD & CEO of 5paisa Capital

• February 28, 2024 07:36
  

  Stock market updates today: Stocks that will see action today: February 28, 2024

  The board of Vodafone Idea has approved fund-raising of up to ₹45,000 crore through equity and debt, the telecom company said in an exchange filing on February 27. The company said it will raise ₹20,000 crore through a combination of equity or equity-linked instruments and the rest via debt. Read more

• February 28, 2024 07:07
  

  Stock market updates today: NCLT reserves judgement on Byju’s investors ‘oppression and mismanagement’ suit

  The Bengaluru Bench of National Company Law Tribunal (NCLT) reserved judgement on interim orders in the oppression and mismanagement plea filed by four investors against edtech company Byju’s. Read more

• February 28, 2024 07:06
  

  Stock market live updates: Zee board appoints independent panel to investigate allegations against company

  The Board of Directors of ZEE Entertainment Enterprises Ltd. (ZEEL) has appointed an Independent Advisory Committee to review the allegations levelled by market regulator SEBI and other parties against the company. Read more

• February 28, 2024 07:03
  

  Stock market updates today: Positive surprises in banks’ earnings unlikely as there is no scope for NIM expansion: Kotak Securities

  Positive surprises in banks’ earnings are unlikely as there is no scope for NIM (net interest margin) expansion, while the outlook on loan growth appears to be showing signs of moderation from current levels, Kotak Securities Ltd (KSL) said in a report. Read more

• February 28, 2024 06:56
  

  Stock market updates today: Riding the wave: Manufacturing sector to ignite M&A boom in India in 2024, says Deloitte

  The momentum of mergers and acquisitions (M&A) in India is expected to remain steady in 2024 and beyond, a new Deloitte report has revealed.

  Despite global economic and geopolitical challenges, India’s deals market expected to remain steady, reflecting strong confidence from businesses and investors amidst a global economic slowdown, according to the latest ‘India M&A Trends 2024’report byDeloitte. Read more

• February 28, 2024 06:51
  

  Stock market updates today: India Inc. Q3: Resilient earnings

  Post the announcement of Q3 results by listed companies, CITI came up with its India Equity Strategy report. The quarterly results have beaten CITI’s estimates on all fronts, that is, revenue, EBITDA and PAT, primarily led by auto, industrials and energy sectors. Read more

• February 28, 2024 06:48
  

  Stock market updates today: Today’s Stock Recommendation: 28th February 2024

• February 28, 2024 06:47
  

  Stock market updates today: Economic Calendar – 28.02.2024

  19.00 U.S. Prelim GDP q/q (Expected: 3.3% versus Previous: 3.3%)

  22.30 U.S FOMC Member Bostic Speaks

• February 28, 2024 06:46
  

  Stock market updates today: Major US listed stocks result calendar 28-02-2024

  TJX Companies, Inc. (The) (Pre market) (Sector- Retail)

  Baidu, Inc. (Pre market) (Sector- Technology)

  Endeavor Group Holdings, Inc. (Pre market) (Sector- Miscellaneous)

  Vistra Corp. (Pre market) (Sector- Energy)

  Viatris Inc. (Pre market) (Sector- Healthcare)

  Liberty Media Corporation (Pre market) (Sector- Miscellaneous)

  Liberty Media Corporation (Pre market) (Sector- Miscellaneous)

  TopBuild Corp. (Pre market) (Sector- Realty)

  EMCOR Group, Inc. (Pre market) (Sector- Realty)

  NRG Energy, Inc. (Pre market) (Sector- Energy)

  UWM Holdings Corporation (Pre market) (Sector- Financials)

  Salesforce, Inc. (Post market) (Sector- Technology)

  Snowflake Inc. (Post market) (Sector- Technology)

  HP Inc. (Post market) (Sector- Technology)

  Paramount Global (Post market) (Sector- Miscellaneous)

  Okta, Inc. (Post market) (Sector- Technology)

  Nutanix, Inc. (Post market) (Sector- Technology)

  Pure Storage, Inc. (Post market) (Sector- Technology)

  Sarepta Therapeutics, Inc. (Post market) (Sector- Healthcare)

  Sociedad Quimica y Minera S.A. (Post market) (Sector- Chemicals)

• February 28, 2024 06:45
  

  Stock market updates today: Key market data

  📌 Market Levels

  BSE Sensex: 73095.22 (+305.09)

  Nifty 50: 22198.35 (+76.30)

  NIFTY MID CAP 100: 49041.20 (-61.10)

  NIFTY SMALL CAP 100: 16177.70 (+44.55)

  📌 Index PE & PBV

  SENSEX PE / PBV : 24.99 / 3.71

  NIFTY 50 PE / PBV : 

  22.92 / 3.89

  NIFTY MIDCAP 100 PE / PBV : 25.43 / 3.93

  NIFTY SMALLCAP 100 PE / PBV : 29.81 / 3.99

  📌 Inflow/Outflow*the *(Daily/MTD) 

  FII / FPI Activity: (1509.16 crs) / (18197.60 Crs)

  DII Activity: 2861.56 crs / 23152.06 crs

  📌 Volatility Index

  India VIX – 15.72

  📌 Commodities

  Brent Crude: $82.28

  Gold USD Oz/10 gm: $2038.41 = INR 62331

  Silver: INR 69596

  📌 Currency

  Rs/$: 82.89

  US Dollar Index (DXY) – 103.66

  📌 10 Year Yield

  7.18% GOI 2033: 7.07% (New)

  US 10 Yr Yield – 4.27%

• February 28, 2024 06:43
  

  Stock market updates today: Stock to buy today: Tata Communications (₹1,908.90): BUY

  The short-term outlook is bullish for Tata Communications. The stock has been moving up very well since the beginning of this month. The share price has risen over 4 per cent so far this month. Read more