Market Commentary     10-Jul-24
Stock Alert
Stock Alert: JSW Steel, Delta Corp, Rail Vikas Nigam, Adani Power, Shilpa Medicare
Securities in F&O ban : Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, IEX, Piramal Enterprises, India Cements, and Indus Towers.

Upcoming results : Kesoram Industries, Tata Elxsi.

IPO Listings: Emcure Pharma and Bansal Wire will list on stock exchanges today.

Emcure Pharma's IPO price is fixed at Rs 1,008 per share. The IPO was open between 3rd and 5th July 2024. It was subscribed 67.87 times.

Bansal Wire's IPO price is fixed at Rs 259 per share. The IPO was open between 3rd and 5th July 2024. It was subscribed 13.64 times.

JSW Steel’s consolidated crude steel production fell 1% YoY and 6% sequentially in Q1 FY25, mainly due to planned maintenance shutdowns.

Rail Vikas Nigam (RVNL) emerged as the lowest bidder for Rs 203 crore railway contract from Southeastern Railway and signed an MoU with Tatweer Middle East and Africa to execute rail-based work in the MENA Region and European countries. The company has also received a project worth Rs 187 crore from Maharashtra Metro Rail Corp. to construct six elevated metro stations in Nagpur.

Aadni Power’s unit, Mahan Energen, has entered into a 20-year power purchase agreement for 500 MW with Reliance Industries. Reliance Industries acquired a 26% stake in one of Mahan Energen's 600 MW thermal power units for the agreement.

Delta Corp’s consolidated revenue declined 30% YoY to Rs 181 crore in Q1 FY25 as compared with Rs 259 crore in Q1 FY24. Net profit fell 68% to Rs 22 crore in Q1 FY25 as against Rs 68 crore in corresponding quarter last year.

Shilpa Medicare’s Raichur API facility in Karnataka clears GMP inspection conducted by a Brazilian regulatory agency.

IRM Energy’s Karan Kaushal resigned as chief executive officer (CEO) effective from 31 July 2024.

Adani Ports and Speical Economic Zone received a letter of intent (LoI) for developing and operating berth No. 13 at Deendayal port in Gujarat with a concession period of 30 years.

H.G Infra Engineering signed memorandum of Understanding (MoU) with Vibrant Solar Energy for acquiring project development activities worth Rs 465 crore.

Previous News
  JSW Steel surrenders mining lease for Jajang Iron Ore Block in Odisha
 ( Corporate News - 03-Aug-24   13:52 )
  Shilpa Medicare to announce Quarterly Result
 ( Corporate News - 02-Aug-24   11:06 )
  Rail Vikas Nigam incorporates subsidiary in Uzbekistan
 ( Corporate News - 01-Aug-24   14:41 )
  Hindalco Industries Ltd Surges 3.09%, BSE Metal index Gains 1.57%
 ( Hot Pursuit - 01-Aug-24   09:30 )
  Nifty hovers near 24,900; oil & gas shares in demand
 ( Market Commentary - Mid-Session 30-Jul-24   13:32 )
  Market at day's high, Nifty scale above 24,900; realty shares advance
 ( Market Commentary - Mid-Session 30-Jul-24   11:36 )
  Rail Vikas Nigam announces board meeting date
 ( Corporate News - 30-Jul-24   10:51 )
  RVNL edges higher after emerging as the lowest bidder for Himachal Pradesh-based project
 ( Hot Pursuit - 30-Jul-24   09:55 )
  RVNL wins bid for Rs 739 cr project of HPSEBL
 ( Corporate News - 29-Jul-24   18:57 )
  Barometers trade near flatline; European mkt tumbles
 ( Market Commentary - Mid-Session 25-Jul-24   13:37 )
  RVNL gets acceptance letter from South Eastern Railway for Rs 191 crore project
 ( Hot Pursuit - 25-Jul-24   09:33 )
Other Stories
  Stock Alert: Bharti Airtel, Motherson Sumi, Deepak Nitrite, Tata Chemicals, ONGC
  06-Aug-24   08:44
  Stock Alert: Britannia Inds, Titan Company, Divis Lab, State Bank of India, Delhivery, Sheela Foam
  05-Aug-24   08:37
  Stock Alert: Tata Motors, ITC, kalyan Jewellers, Godrej Agrovet, Hero Motorcorp
  02-Aug-24   08:38
  Stock Alert: Coal India, Bank of Baroda, Tata Steel, Sonata Software, Aster DM Healthcare
  01-Aug-24   08:38
  Stock Alert: GAIL, Tata Consumer Products, Torrent Power, Macrotech Developers, Indus Towers, Zaggle Prepaid
  31-Jul-24   08:42
  Stock Alert: ACC, Colgate-Palmolive, HPCL, Restaurant Brands Asia, Kalpataru Projects
  30-Jul-24   08:35
  Stock Alert: ICICI Bank, Power Grid Corp, IndusInd Bank, Nuvama Wealth Mgmt
  29-Jul-24   08:23
  Stock Alert: Adani Energy Solutions, Tech Mahindra, Jupiter Wagons, Cyient, United Breweries
  26-Jul-24   08:44
  Stock alert: Axis Bank, Larsen & Toubro, SBI Life Insurance Company, J K Paper, Bikaji Foods, Oracle Financal Services Software
  25-Jul-24   08:44
  Stock Alert: Bajaj Finance, Hindustan Unilever, Torrent Pharma, Schaeffler India, ICICI Securities,
  24-Jul-24   08:32
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