Dr Reddy falls on USFDA observations, while Mazagon Dock surges on new order from ONGC. To read more click here:
https://upstox.com/market-talk/dr-reddy-falls-on-usfda-observations/
https://upstox.com/market-talk/dr-reddy-falls-on-usfda-observations/
Good afternoon
Markets are trading in the green, with the NIFTY50 trading above 21,000 as of 12:30 pm. Here are the top stories for the day!
Top gainer: UltraTech Cement: 9,933 ▲ 262 (+2.7%)
Top loser: Sun Pharma: 1,224 ▼ 16 (-1.3%)
⭐ Dixon shares gains on Lenovo contract
Shares of the electronic manufacturing services company are up 2.6% today. This comes a day after the company’s subsidiary bagged a contract from Lenovo for manufacturing laptops and notebooks under Production Linked Incentive Scheme 2.0. The Dixon Technologies management said that this will give a strong impetus to India’s manufacturing competitiveness. Lenovo will bring in the global know-how and processes to manufacture IT hardware products.
⭐ Hindalco to set up foil manufacturing facility
The world’s largest aluminium rolling and recycling company plans to expand its fine-quality aluminium foil manufacturing capacity. This is used in rechargeable batteries to serve the growing market for electric vehicles (EVs) and energy storage systems. The company is investing 800 crore to build a new plant in Odisha. This plant will have a production capacity of 25,000 tonnes and is expected to be commissioned by July 2025. Meanwhile the shares of the company soar 2.1%.
⭐ J&K Bank gains on QIP launch
Shares of the J&K Bank are up 6% today. This comes at a time when the lender is raising ₹750 crore through the Qualified Institutional Placement (QIP) route. The funds will be used to shore up the bank’s financial position and boost growth initiatives. The floor price for the QIP is ₹112.6 per share, which is more than the current price.
⭐ IREDA shares hit all-time high
Shares of the state-owned company are 16% today, hitting an all-time high. The pure-play green financing company’s stock has soared 218% compared to the issue price of ₹32 per share. After listing on the exchanges on 29 November 2023, shares have been on an upward trajectory.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-12-december-2023/
Markets are trading in the green, with the NIFTY50 trading above 21,000 as of 12:30 pm. Here are the top stories for the day!
Top gainer: UltraTech Cement: 9,933 ▲ 262 (+2.7%)
Top loser: Sun Pharma: 1,224 ▼ 16 (-1.3%)
⭐ Dixon shares gains on Lenovo contract
Shares of the electronic manufacturing services company are up 2.6% today. This comes a day after the company’s subsidiary bagged a contract from Lenovo for manufacturing laptops and notebooks under Production Linked Incentive Scheme 2.0. The Dixon Technologies management said that this will give a strong impetus to India’s manufacturing competitiveness. Lenovo will bring in the global know-how and processes to manufacture IT hardware products.
⭐ Hindalco to set up foil manufacturing facility
The world’s largest aluminium rolling and recycling company plans to expand its fine-quality aluminium foil manufacturing capacity. This is used in rechargeable batteries to serve the growing market for electric vehicles (EVs) and energy storage systems. The company is investing 800 crore to build a new plant in Odisha. This plant will have a production capacity of 25,000 tonnes and is expected to be commissioned by July 2025. Meanwhile the shares of the company soar 2.1%.
⭐ J&K Bank gains on QIP launch
Shares of the J&K Bank are up 6% today. This comes at a time when the lender is raising ₹750 crore through the Qualified Institutional Placement (QIP) route. The funds will be used to shore up the bank’s financial position and boost growth initiatives. The floor price for the QIP is ₹112.6 per share, which is more than the current price.
⭐ IREDA shares hit all-time high
Shares of the state-owned company are 16% today, hitting an all-time high. The pure-play green financing company’s stock has soared 218% compared to the issue price of ₹32 per share. After listing on the exchanges on 29 November 2023, shares have been on an upward trajectory.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-12-december-2023/
Upstox and NSE Academy are coming together in Kolkata to enhance your option trading skills!
The session will be hosted under the guidance of Dr. Samar Abbas, PhD, is a quantitative trading systems developer who actively develops custom quantitative and algorithmic trading methods for proprietary trading firms.
Here’s what you’ll learn from this extensive one-day session:
🚀How to identify Buyers vs Sellers in Options
🚀Decode Volume vs OI difference for price movements
🚀Understanding Option Chain to know which Options to buy/ sell
🚀How to use OI data to apply trading strategy
🚀Learn how to use Volatility to navigate price fluctuations
🚀How to select the right strike price & limit risk
🚀How to use Options Greeks: Delta, Vega and Theta in trades
🚀When to sell and Buy in Options, and more
Tea, coffee and lunch is on us AND you’ll get a certification from NSE Academy, in collaboration with Upstox.
Venue: Adharv Banquet Hall, Kolkata.
Fees: ₹2999+GST
Register now
The session will be hosted under the guidance of Dr. Samar Abbas, PhD, is a quantitative trading systems developer who actively develops custom quantitative and algorithmic trading methods for proprietary trading firms.
Here’s what you’ll learn from this extensive one-day session:
🚀How to identify Buyers vs Sellers in Options
🚀Decode Volume vs OI difference for price movements
🚀Understanding Option Chain to know which Options to buy/ sell
🚀How to use OI data to apply trading strategy
🚀Learn how to use Volatility to navigate price fluctuations
🚀How to select the right strike price & limit risk
🚀How to use Options Greeks: Delta, Vega and Theta in trades
🚀When to sell and Buy in Options, and more
Tea, coffee and lunch is on us AND you’ll get a certification from NSE Academy, in collaboration with Upstox.
Venue: Adharv Banquet Hall, Kolkata.
Fees: ₹2999+GST
Register now
IREDA surges 218% from IPO price and Hindalco to set up battery foil plant. To read more click here:
https://upstox.com/market-talk/ireda-surges-218-from-ipo-price-hindalco-to-set-up-battery-foil-plant-more/
https://upstox.com/market-talk/ireda-surges-218-from-ipo-price-hindalco-to-set-up-battery-foil-plant-more/
Shilpa Medicare gains on TGA approval
🔹News: Shilpa Medicare received approval from the Therapeutics Goods Administration (TGA) Australia for its Bengaluru Unit to manufacture medicinal oral mouth dissolving films. This approval allows the company to expand its global reach to the Australian market and beyond.
🔹Impact: Shares of the active pharmaceutical ingredients (APIs) manufacturer are up by 1.2%.
🔹News: Shilpa Medicare received approval from the Therapeutics Goods Administration (TGA) Australia for its Bengaluru Unit to manufacture medicinal oral mouth dissolving films. This approval allows the company to expand its global reach to the Australian market and beyond.
🔹Impact: Shares of the active pharmaceutical ingredients (APIs) manufacturer are up by 1.2%.
Good afternoon
Markets are trading in the red, with the NIFTY50 trading below 20,900 as of 1:00 pm. Here are the top stories for the day!
Top gainer: HeroMoto: 3,834 ▲ 87 (+2.3%)
Top loser: TCS: 3,572 ▼ 99 (-2.7%)
⭐Ashok Leyland gains after unveiling new products
Ashok Leyland shares gained 1.7% intraday after unveiling cutting-edge H6 stage V diesel engines. As per the company, the H6 engines are renowned for their lowest total cost of ownership. The company also showcased other innovative products, including the H6 hydrogen engine, DEF TANK, A6 diesel engine. Meanwhile, the company's shares are up over 121% on a year-to-date basis.
⭐Force Motors gains on new acquisition
Shares of the commercial vehicle maker rose 2.6% in the morning trade. This was after the company acquired 12.21% shares in TP Surya Limited, a wholly-owned Tata Power Renewable Energy subsidiary. This acquisition will help the company procure solar power from the solar plant established by TP Surya Limited.
⭐HPL Electric hits upper circuit on order win
Shares of the electrical equipment manufacturer hit a 10% upper circuit today after the company received a new order worth ₹545 crore from various customers to supply smart metres. Meanwhile, the company's shares are up over 21% on a year-to-date basis.
⭐DOMS Industries IPO receives strong response
DOMS Industries IPO oversubscribed on its first day, with an overall subscription of 2.5 times as of 12:40 pm. This IPO is open for subscription till Friday. To know more about this IPO, click here.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-13-december-2023/
Markets are trading in the red, with the NIFTY50 trading below 20,900 as of 1:00 pm. Here are the top stories for the day!
Top gainer: HeroMoto: 3,834 ▲ 87 (+2.3%)
Top loser: TCS: 3,572 ▼ 99 (-2.7%)
⭐Ashok Leyland gains after unveiling new products
Ashok Leyland shares gained 1.7% intraday after unveiling cutting-edge H6 stage V diesel engines. As per the company, the H6 engines are renowned for their lowest total cost of ownership. The company also showcased other innovative products, including the H6 hydrogen engine, DEF TANK, A6 diesel engine. Meanwhile, the company's shares are up over 121% on a year-to-date basis.
⭐Force Motors gains on new acquisition
Shares of the commercial vehicle maker rose 2.6% in the morning trade. This was after the company acquired 12.21% shares in TP Surya Limited, a wholly-owned Tata Power Renewable Energy subsidiary. This acquisition will help the company procure solar power from the solar plant established by TP Surya Limited.
⭐HPL Electric hits upper circuit on order win
Shares of the electrical equipment manufacturer hit a 10% upper circuit today after the company received a new order worth ₹545 crore from various customers to supply smart metres. Meanwhile, the company's shares are up over 21% on a year-to-date basis.
⭐DOMS Industries IPO receives strong response
DOMS Industries IPO oversubscribed on its first day, with an overall subscription of 2.5 times as of 12:40 pm. This IPO is open for subscription till Friday. To know more about this IPO, click here.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-13-december-2023/
More details of the IPOs below👇
👉India Shelter Finance Corporation Ltd.
▶️ It deals with housing finance and offers lending for new home construction, and remodelling, Additionally, it also offers loans against property.
▶️ The company registered a profit surge of 21% for the year ended March FY23
👉DOMS Industries Ltd.
▶️Established in 2006, it is a global stationery company operating in over 40 countries
▶️The company’s net profit surged by 567.2% YoY for the year ended March FY23
👉INOX India Ltd.
▶ ️Incorporated in 1976, the company manufactures equipment for the storage and distribution of cryogens - liquified gases like Nitrogen and Oxygen.
▶️ Its post-tax profit increased 17.02% from March 2022 to March 2023
To apply now, click here.
👉India Shelter Finance Corporation Ltd.
▶️ It deals with housing finance and offers lending for new home construction, and remodelling, Additionally, it also offers loans against property.
▶️ The company registered a profit surge of 21% for the year ended March FY23
👉DOMS Industries Ltd.
▶️Established in 2006, it is a global stationery company operating in over 40 countries
▶️The company’s net profit surged by 567.2% YoY for the year ended March FY23
👉INOX India Ltd.
▶ ️Incorporated in 1976, the company manufactures equipment for the storage and distribution of cryogens - liquified gases like Nitrogen and Oxygen.
▶️ Its post-tax profit increased 17.02% from March 2022 to March 2023
To apply now, click here.
Stay tuned for the final video in the Sector Analysis series.
This week, Akshat Shrivastava will explore the exciting FMCG sector.
Subscribe to the Upstox YouTube channel now and get notified as soon as the video is released!
https://www.youtube.com/@UpstoxOfficial
This week, Akshat Shrivastava will explore the exciting FMCG sector.
Subscribe to the Upstox YouTube channel now and get notified as soon as the video is released!
https://www.youtube.com/@UpstoxOfficial
OMC stocks rebound as crude oil slips and M&M rises on investment in Classic Legends. To read more click here:
https://upstox.com/market-talk/omc-stocks-rebound-as-crude-oil-slips/
https://upstox.com/market-talk/omc-stocks-rebound-as-crude-oil-slips/
NBCC surges on new order win
🔹News: NBCC secured project management contracts worth ₹1,500 crore from National Cooperative Development Corporation. The contracts are for the development of 1,469 agricultural warehouses and facilities.
🔹Impact: Shares of the navratna construction company are up by 3.4%.
🔹News: NBCC secured project management contracts worth ₹1,500 crore from National Cooperative Development Corporation. The contracts are for the development of 1,469 agricultural warehouses and facilities.
🔹Impact: Shares of the navratna construction company are up by 3.4%.