Indian stock indices moved higher as the Friday session progressed and in the process touched a fresh high, triggered by the latest moderation in US inflation, better-than-expected TCS results, and lack of negative market fundamentals.
Sensex closed over 600 points or 0.8 per cent higher at 80,519 points, whereas Nifty closed 186 points or 0.8 per cent higher at 24,502 points. Sectoral indices were mixed today.
Stocks to be in focus today, according to Zee Business Experts
Dividend Stock: Alembic Pharmaceuticals, KPR Mill, Siyaram Silk Mills, Duncan Engineering, Gujarat Themis Biosyn, India Motor Parts & Accessories, NDR Auto Components, Rane Brake Lining, and ZF Commercial Vehicle Control Systems India shares are scheduled to trade ex-dividend today.
HCLTech Stock: Company has registered a 6.8 percent sequential increase in its net profit to Rs 4,257 crore for the June quarter.
IREDA Stock: Company came up with good results for the April-June quarter and PAT at the company grew 8 per cent on-year, while net interest income swelled 38 per cent.
Zomato & Swiggy Stock:Both Swiggy and Zomato have increased platform fees by 20 per cent. The rates have been hiked in Delhi and Bengaluru from Rs 5 to Rs 6.
Lupin Stock: Lupin has received approval from the US Food and Drug Administration (USFDA) to market Topiramate extended-release capsules in the US.
Deep Industries Stock: Deep Industries won an order from the state-owned Oil and Natural Gas Corporation (ONGC) for “Charter Hiring Of 01 Number Of 100MT Workover Rig for Tripura & 150MT Workover Rig for Rajahmundry for 3 Years each.”
RMC Switchgears Stock: RMC Switchgears won an order of Rs 86.5 crore for supply and installation of solar equipment, a 220 KV substation, and a 5 km transmission line material for a 25 MWac ground mount solar plant with a single-axis tracker in Bhuj, Gujarat.
Suven Pharmaceuticals Stock: Suven Pharmaceuticals Ltd has acquired 51% of the share capital on a fully diluted basis of Sapala Organics Private Limited.
Ambuja Cements Share Price Target 2024: Morgan Stanley has upgraded the ratings from Equal-weight to Overweight with a rise in target price to Rs 775 from Rs 665.
UltraTech Cement Share Price Target 2024: Morgan Stanley has maintained an Overweight rating with a hike in target price to Rs 13620 from Rs 11600.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy.
