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
  Sensex declines 150 pts; realty shares slide for 5th day
 ( Market Commentary - Mid-Session 04-Oct-24   10:32 )
  Shilpa Medicare arm gets CEP from EDQM for Desmopressin
 ( Hot Pursuit - 04-Oct-24   08:40 )
  Shilpa Medicare announces receipt of CEP from EDQM for API 'Desmopressin'
 ( Corporate News - 03-Oct-24   17:12 )
  JSW Steel Ltd Spikes 1.87%
 ( Hot Pursuit - 03-Oct-24   09:30 )
  Rail Vikas Nigam bags East Cost Railway project of Rs 283.69 cr
 ( Corporate News - 01-Oct-24   13:04 )
  RVNL successfully bids for East Central Railway project of Rs 180 cr
 ( Corporate News - 30-Sep-24   13:59 )
  Benchmarks continue to trade sideways; oil & gas shares extend gains for 6th day
 ( Market Commentary - Mid-Session 27-Sep-24   12:32 )
  RVNL signs MoU with Engineers India
 ( Hot Pursuit - 27-Sep-24   11:09 )
  JSW Steel to declare Quarterly Result
 ( Corporate News - 27-Sep-24   10:15 )
  JSW Steel Ltd soars 1.13%, rises for third straight session
 ( Hot Pursuit - 24-Sep-24   13:06 )
  JSW Steel Ltd Surges 3.02%, BSE Metal index Gains 1.51%
 ( Hot Pursuit - 20-Sep-24   09:30 )
Other Stories
  Stock Alert: IndusInd Bank, Titan Co., Macrotech Developers, Adani Wilmar, Avantel
  07-Oct-24   08:27
  Stock Alert: Bajaj Housing Finance, Bajaj Finance, M&M Financial Services, Shilpa Medicare, Bank of Baroda
  04-Oct-24   08:37
  Stock Alert : Hero Motocorp, Dabur India, Maruti Suzuki India, Marico, HDFC Bank
  03-Oct-24   08:38
  Stock Alert: Auto stocks, Kalpataru Projects Intl, Tata Power Company, PC Jeweller, Ultratech Cement
  01-Oct-24   08:28
  Stock Alert: Alembic Pharma, Bajel Projects, Zydus Lifesciences, Lupin, Adani Enterprises, Biocon
  30-Sep-24   08:34
  Stock Alert: Infosys, Indian Bank, Escorts Kubota, Biocon, Jubilant Pharmova
  27-Sep-24   08:34
  Stock Alert: ONGC, Cipla, Vedanta, Infosys, Uno Minda, Hindustan Copper
  26-Sep-24   08:14
  Stock alert: MCX, HDFC Life Insurance, Delta Corp, Gillette India, PC Jeweller
  25-Sep-24   08:23
  Stock Alert: Punjab National Bank, Reliance Power, Coal India, Power Grid Corp, Thangamayil Jewellery
  24-Sep-24   08:25
  Stock alert: Vodafone Idea, Adani Total Gas, Mankind Pharma, BHEL, Tata Steel,
  23-Sep-24   08:32
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