Stocks to Watch
Hero MotoCorp
The board has approved an additional investment of up to Rs 1,000 crore in Ather Energy, an associate company.
Hero MotoCorp holds a 29.48 percent stake in Ather Energy before the proposed Rs 1,000 crore investment.
Belrise Industries
The company launched its qualified institutions placement (QIP) on July 14, with a floor price of Rs 230.79 per share. It may offer up to a 5 percent discount to the QIP floor price.
PDS
The company has announced a strategic partnership between its manufacturing business and Busana Apparel Group, one of Indonesia's leading apparel manufacturing companies, marking a significant step in strengthening PDS' global manufacturing ecosystem.
Kirloskar Brothers
The company's subsidiary, SPP Pumps Ltd., UK, has secured a significant order from Saipem Offshore Construction SPA for the supply of vertical pumps and spares, aggregating GBP 11.7 million (Rs 149.59 crore).
Easy Trip Planners
EaseMyTrip has signed a strategic Memorandum of Understanding (MoU) with the Department of Tourism, Government of Jharkhand, to promote the state's diverse tourism offerings through digital initiatives and enhance its visibility among travellers across the country.
Delhivery
The Reserve Bank of India (RBI) has approved the application for the grant of a Certificate of Registration (CoR) as a Type II NBFC-ND to Delhivery Financial Services, a wholly owned subsidiary of the company. The issuance of the CoR is subject to the submission of certain documents to the satisfaction of the RBI.
IOL Chemicals & Pharmaceuticals
The Centre for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA), China, has approved the company's API product, Clopidogrel Bisulfate.
This approval is in addition to the valid Certificate of Suitability (CEP) already held by the company for Clopidogrel Bisulfate, further strengthening its regulatory portfolio and expanding its access to the Chinese pharmaceutical market.
Jain Resource Recycling
The company informed the exchanges that an accident involving a furnace explosion occurred on July 14 at its manufacturing plant in Tiruvallur, Tamil Nadu.
The incident resulted in the death of one labourer and injuries to several others, who were immediately shifted to nearby hospitals for medical treatment.
Jammu and Kashmir Bank
The bank has proposed to divest 1.02 crore equity shares (representing 0.50 percent of the paid-up capital) of PNB MetLife India Insurance Company to MetLife International Holdings, LLC, at a price of Rs 117.20 per share, aggregating Rs 120.1 crore.
Hero MotoCorp
The board has approved an additional investment of up to Rs 1,000 crore in Ather Energy, an associate company.
Hero MotoCorp holds a 29.48 percent stake in Ather Energy before the proposed Rs 1,000 crore investment.
Belrise Industries
The company launched its qualified institutions placement (QIP) on July 14, with a floor price of Rs 230.79 per share. It may offer up to a 5 percent discount to the QIP floor price.
PDS
The company has announced a strategic partnership between its manufacturing business and Busana Apparel Group, one of Indonesia's leading apparel manufacturing companies, marking a significant step in strengthening PDS' global manufacturing ecosystem.
Kirloskar Brothers
The company's subsidiary, SPP Pumps Ltd., UK, has secured a significant order from Saipem Offshore Construction SPA for the supply of vertical pumps and spares, aggregating GBP 11.7 million (Rs 149.59 crore).
Easy Trip Planners
EaseMyTrip has signed a strategic Memorandum of Understanding (MoU) with the Department of Tourism, Government of Jharkhand, to promote the state's diverse tourism offerings through digital initiatives and enhance its visibility among travellers across the country.
Delhivery
The Reserve Bank of India (RBI) has approved the application for the grant of a Certificate of Registration (CoR) as a Type II NBFC-ND to Delhivery Financial Services, a wholly owned subsidiary of the company. The issuance of the CoR is subject to the submission of certain documents to the satisfaction of the RBI.
IOL Chemicals & Pharmaceuticals
The Centre for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA), China, has approved the company's API product, Clopidogrel Bisulfate.
This approval is in addition to the valid Certificate of Suitability (CEP) already held by the company for Clopidogrel Bisulfate, further strengthening its regulatory portfolio and expanding its access to the Chinese pharmaceutical market.
Jain Resource Recycling
The company informed the exchanges that an accident involving a furnace explosion occurred on July 14 at its manufacturing plant in Tiruvallur, Tamil Nadu.
The incident resulted in the death of one labourer and injuries to several others, who were immediately shifted to nearby hospitals for medical treatment.
Jammu and Kashmir Bank
The bank has proposed to divest 1.02 crore equity shares (representing 0.50 percent of the paid-up capital) of PNB MetLife India Insurance Company to MetLife International Holdings, LLC, at a price of Rs 117.20 per share, aggregating Rs 120.1 crore.
Mainboard Listing
Kusumgar
Stocks Trade Ex-Dividend
Tata Consultancy Services
Automobile Corporation of Goa
Bharat Bijlee
Heritage Foods
KFin Technologies
Saint Gobain Sekurit India
Stock Trades Ex-Date for Income Distribution
Energy Infrastructure Trust
Stock Trades Ex-Date for Buy Back
Orbit Exports
Radiowalla Network
Kaynes Technology India
Kusumgar
Stocks Trade Ex-Dividend
Tata Consultancy Services
Automobile Corporation of Goa
Bharat Bijlee
Heritage Foods
KFin Technologies
Saint Gobain Sekurit India
Stock Trades Ex-Date for Income Distribution
Energy Infrastructure Trust
Stock Trades Ex-Date for Buy Back
Orbit Exports
Radiowalla Network
Kaynes Technology India
Foreign institutional investors (FIIs) remained net sellers for the fourth consecutive session on July 16, offloading Indian equities worth Rs 4,200 crore. Meanwhile, domestic institutional investors (DIIs) extended their buying streak to the seventh straight session, purchasing shares worth Rs 2,986 crore, providing partial support to the domestic market amid persistent foreign outflows.
GIFT Nifty (Up)
GIFT Nifty was trading firm at around 24,143 in early trade, indicating a flat o positive start for the domestic equity markets.
Asian Equities (Down)
Asian equities fell for a second day as a selloff in chipmakers deepened on mounting concern that massive artificial-intelligence investments may not justify lofty valuations.
GIFT Nifty was trading firm at around 24,143 in early trade, indicating a flat o positive start for the domestic equity markets.
Asian Equities (Down)
Asian equities fell for a second day as a selloff in chipmakers deepened on mounting concern that massive artificial-intelligence investments may not justify lofty valuations.
US Equities (Slip)
Chip stocks pulled the Nasdaq and the S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and a strong start to second-quarter earnings season.
The Dow Jones Industrial Average fell 105.32 points, or 0.20%, to 52,553.32, the S&P 500 lost 38.63 points, or 0.51%, to 7,533.77 and the Nasdaq Composite lost 387.28 points, or 1.47%, to 25,881.95.
Chip stocks pulled the Nasdaq and the S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and a strong start to second-quarter earnings season.
The Dow Jones Industrial Average fell 105.32 points, or 0.20%, to 52,553.32, the S&P 500 lost 38.63 points, or 0.51%, to 7,533.77 and the Nasdaq Composite lost 387.28 points, or 1.47%, to 25,881.95.
Range-bound trading is likely to continue until the Nifty 50 decisively breaks out of this range in either direction. A breakdown below the range could drag the index towards 23,800, the crucial support level. On the upside, the 24,500-24,600 zone will be the key hurdle to watch.
Key Levels For The Nifty 50 (24,073)
Resistance based on pivot points: 24,155, 24,187, and 24,240
Support based on pivot points: 24,051, 24,019, and 23,967
Key Levels For The Bank Nifty (57,582)
Resistance based on pivot points: 57,840, 57,960, and 58,156
Support based on pivot points: 57,449, 57,329, and 57,133
Resistance based on pivot points: 24,155, 24,187, and 24,240
Support based on pivot points: 24,051, 24,019, and 23,967
Key Levels For The Bank Nifty (57,582)
Resistance based on pivot points: 57,840, 57,960, and 58,156
Support based on pivot points: 57,449, 57,329, and 57,133
Stocks Under F&O Ban
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Kaynes Technology India
Stocks removed from F&O ban: Nil
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Kaynes Technology India
Stocks removed from F&O ban: Nil
Stocks to Watch, 17 July: Stocks like Wipro, Tech Mahindra, Ceat, WeWork India Management, 5paisa Capital, Piramal Finance, Hathway Cable and Datacom, Borosil Renewables, PC Jeweller, Coal India, Servotech Renewable Power System, Laser Power and Infra, and Nilkamal will be in focus on July 17.
Results Today
Reliance Industries, JSW Steel, Central Bank of India, Federal Bank, Tata Technologies, Poonawalla Fincorp, RBL Bank, Havells India, Globus Spirits, Oberoi Realty, Tatva Chintan Pharma Chem, Turtlemint Fintech Solutions, and Vivimed Labs will announce their quarterly earnings today.
Results on July 18
HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Punjab National Bank, Axis Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Bhansali Engineering Polymers, Can Fin Homes, India Cements, JK Cement, and Rossari Biotech will release their quarterly results on July 18.
Reliance Industries, JSW Steel, Central Bank of India, Federal Bank, Tata Technologies, Poonawalla Fincorp, RBL Bank, Havells India, Globus Spirits, Oberoi Realty, Tatva Chintan Pharma Chem, Turtlemint Fintech Solutions, and Vivimed Labs will announce their quarterly earnings today.
Results on July 18
HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Punjab National Bank, Axis Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Bhansali Engineering Polymers, Can Fin Homes, India Cements, JK Cement, and Rossari Biotech will release their quarterly results on July 18.
Stocks to Watch
PC Jeweller
The board has approved raising up to Rs 1,000 crore through the issuance of equity shares via a Qualified Institutions Placement (QIP) in one or more tranches.
Coal India
The company has received the commissioning certificate from the Gujarat Energy Development Agency (GEDA) for 200 MW of solar power capacity out of the 300 MW solar power project at Khavda, Gujarat.
Servotech Renewable Power System
The company has secured an order for a 900 kW solar rooftop project across 12 locations from the Rural Development Department, Uttar Pradesh.
Maruti Suzuki India
Maruti Suzuki will challenge the July 14 order passed by the District Consumer Disputes Redressal Commission, Raipur, which directed the company to replace a customer's vehicle with a new E20-compatible model after the consumer alleged problems linked to the use of E20 petrol.
Bulk Deals
Laser Power and Infra
Nippon India Mutual Fund increased its stake in Laser Power and Infra by acquiring an additional 16.95 lakh shares through two transactions worth Rs 44.22 crore. It purchased 8.95 lakh shares at Rs 260.98 apiece and another 8 lakh shares at Rs 260.75 each. These purchases are in addition to the 1.94 percent stake held by Nippon Life before the company's listing.
PC Jeweller
The board has approved raising up to Rs 1,000 crore through the issuance of equity shares via a Qualified Institutions Placement (QIP) in one or more tranches.
Coal India
The company has received the commissioning certificate from the Gujarat Energy Development Agency (GEDA) for 200 MW of solar power capacity out of the 300 MW solar power project at Khavda, Gujarat.
Servotech Renewable Power System
The company has secured an order for a 900 kW solar rooftop project across 12 locations from the Rural Development Department, Uttar Pradesh.
Maruti Suzuki India
Maruti Suzuki will challenge the July 14 order passed by the District Consumer Disputes Redressal Commission, Raipur, which directed the company to replace a customer's vehicle with a new E20-compatible model after the consumer alleged problems linked to the use of E20 petrol.
Bulk Deals
Laser Power and Infra
Nippon India Mutual Fund increased its stake in Laser Power and Infra by acquiring an additional 16.95 lakh shares through two transactions worth Rs 44.22 crore. It purchased 8.95 lakh shares at Rs 260.98 apiece and another 8 lakh shares at Rs 260.75 each. These purchases are in addition to the 1.94 percent stake held by Nippon Life before the company's listing.
Stock Trades Ex-Date for Split
Indian Toners & Developers
Stock Trades Ex-Date for Amalgamation
JB Chemicals & Pharmaceuticals
Stock Trades Ex-Date for Rights
Minolta Finance
Stock in F&O Ban
Kaynes Technology India
Indian Toners & Developers
Stock Trades Ex-Date for Amalgamation
JB Chemicals & Pharmaceuticals
Stock Trades Ex-Date for Rights
Minolta Finance
Stock in F&O Ban
Kaynes Technology India
Long-term discipline matters more than short-term market noise.
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RELIANCE INDUSTRIES: Q1 CONS NET PROFIT 209.46B RUPEES VS 169.71B (QOQ) || Q1 REVENUE 3.12T RUPEES VS 2.99T (QOQ)
RELIANCE INDUSTRIES: Q1 EBITDA 475.2B RUPEES VS 441B (QOQ) || Q1 EBITDA MARGIN 15.24% VS 14.78% (QOQ)
RELIANCE INDUSTRIES: Q1 EBITDA 475.2B RUPEES VS 441B (QOQ) || Q1 EBITDA MARGIN 15.24% VS 14.78% (QOQ)