Stock Market today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22 August, 2024
ALL UPDATES
- August 22, 2024 10:47
Stock market live updates: Nifty prediction today – Aug 22, 2024: Index expected to sustain the recent rally
Nifty 50 commenced today’s session with a gap-up at 24,863 against yesterday’s close of 24,770. The index moderated a little and is currently at 24,815, up 0.15 per cent so far today. Read more
- August 22, 2024 10:45
Stock market live updates: NTPC receives tax order from UP department; stock slips on NSE
NTPC has received an order from the Joint Commissioner (Corporate Circle), State Tax, Lucknow Zone-2 of UP state for the payment of Tax, Interest and penalty (totalling ₹82,71,518) under Goods and Service Tax laws. The corporation will file an appeal before the 1st appellate authority of the applicable jurisdiction against the said order within the prescribed timeline.
Shares slip 0.86% on the NSE, trading at ₹405.45.
- August 22, 2024 10:43
Stock market live updates: Shyam Metalics finalises first 20.43 MW out of the announced 100 MW renewal energy implementation at its facilities; stock up on NSE
Shyam Metalics finalised its first 20.43 MW out of the announced 100 MW renewal energy implementation at their Manufacturing Facilities & Office
Stock jumps 8.31% on the NSE, trading at ₹826.65.
- August 22, 2024 10:40
Stock market live updates: HDFC Bank has been imposed a penalty of ₹0.02 crore by Deputy Commissioner of State Tax, Tamil Nadu. Shares trade flat at ₹1,633.90 on NSE
- August 22, 2024 10:39
Stock market live updates: Haitong India Research – In Shorts (22nd Aug)
Steel Sector - Q1FY25 Review
# Steel demand in Q1FY25 remained stable with industry volumes down 1% QoQ to 35.4mn tons while volumes were up 15% YoY
# Crude Steel production for the industry during Q1FY25 was stable sequentially at 36.8mn tons while finished steel production was up 1%
# During Q1FY25, India had net imports of 0.6mn tons against net exports of 0.5mn tons in Q4FY24 and 0.6mn tons in Q1FY24
# For our coverage, the aggregate domestic crude steel production was up flat YoY and up 5% QoQ to 17.8mn tons and sales volume was up 6% YoY and down 9% YoY to 16.9mn tons
Link to Report: https://tinyurl.com/3b96uaxv
2. Presentation: Agrochemical Export Update India and China August’24
# India’s agrochemical exports relatively stable in June 2024; volume growth of 4% YoY
# In USD terms for June’24, India total agrochemical exports declined by 6% YoY while China exports grew significantly by 31% YoY
# Agrochemical prices are flat sequentially and 13% lower on YoY basis (in comparison to 25% YoY lower in Aug’23)
# The Agri-commodity prices are below its average price of last 13 years after making a high in 2022
# Our View – Generics may benefit from recent trend. The correction in agri-commodity prices is likely to lead a shift towards the consumption of generic agrochemicals, as farmers may opt for more cost-effective options amidst lower profitability
Link to Report: https://tinyurl.com/mr246yu5
3. Presentation: India Agri (Kharif) Update as on 21/08/2024
# As on 16th August 2024 the overall Kharif sowing area is higher by 2.1% YoY at 1031.6 lakh ha in comparison to 1010.5 lakh ha in the same period last year
# For the season (01/06/2024- 14/08/2024), the country as a whole experienced 5% excess rainfall to 598.5mm compared to normal rainfall of 570.7mm
# The nationwide reservoir level is 14% above the 10-year average
# The average increase in Kharif 2024-25 MSP is 7% with paddy increasing at 5%
# Cumulative fertilizer sales as of 31.07.2024 is 108.87 LMT of Urea, 29.65 LMT of DAP, 4.94 LMT for MOP, 40.80 LMT for NPK and 15.55 LMT for SSP
Link to Report: https://tinyurl.com/2szbsjbx
4. Key Takeaway From Kalyan Jewellers Management Meet
# Q2 quarter started on a positive note. The duty rate cut in the budget aided in further driving footfalls and transactions in stores
# Wedding jewellery accounts for 50% of revenue
# The company sees huge scope of growth driven by shift from unorganized to organized
# The company plans on opening 80 franchisee stores for Kalyan and 50 franchisee Candere stores in FY25
# Currently, the company has non-GML debt of Rs9.6bn and aims to reduce Rs3-3.5bn each year
Our View: Consensus is currently building EPS CAGR of 38.5% over FY24-27E. Accordingly, KALYANKJ is trading at P/E of 44.8x/34.8x to consensus FY26/FY27 EPS estimates. NOT RATED
- August 22, 2024 10:37
Stock market live updates: Brokerage view
Bernstein on Zomato
Outperform Call, Target Rs 275
Paytm’s Ticketing Business Acquisition Will Expand TAM For Co Into Event Ticketing Business
Acquired Business Will Be Part Of New App ‘District’, Expected To Launch In A Few Weeks
Co Has A Strong Track Record Of Successfully Acquiring Consumer Tech Businesses
Jefferies on Zomato
Buy Call, Target Raised To Rs 335
Valuation Of Paytm’s Ticketing Business Acquisition Looks Compelling In Context Of Growth Forecast
Ultimate Margin Like Food Delivery, Low Capital Intensity Promises High Return Ratio In Steady-state
Co Up Against Leader ‘Bookmyshow,’ The Question Is Can Zomato Do It Yet Again?
Nomura on Zomato
Buy Call, Target Rs 280
Mgmt Believes Paytm’s Ticketing Biz Acqn Will Help To Focus On Areas Where It Expects To Raise GOV
Co Expects To Increase Gross Order Value From `3,200 Cr In FY24 To `10,000 Cr In FY26
Biggest Risks Are Smooth Integration Of Acquired Businesses Into New District App
Cash Burn Initially To Incentivize Users To Migrate From Paytm’s App To Zomato & District Apps
Jefferies on IndiGo
Upgrade To Buy, Target Raised To Rs 5,225 From Rs 4,400
Co’s Operating Performance Has Consistently Surprised In The Past 12-18 Months
Precarious Industry Capacity Situation Has Kept Yields/Spreads Healthy
Supply Adds Seem To Have Picked Up Recently
Raise Spread Estimates, EPS By 6-7% For FY26/27
HSBC on IndiGo
Buy Call, Target Rs 5,165
Business Class Launch Of Co Ends Vistara/Air India Monopoly
Business Class Launch May Not Be Margin Accretive In The Near-term
The Shift Could Reduce Leakage Of Corporate Traffic And Strengthen Positioning
Loyalty Program, Strong Network And Corporate Market Share Could Support Its Premium Product
CLSA on Vedanta
Outperform Call, Target Rs 520
Strong Commodity Cycle & Margin Expansion Projects To Drive Upside
Current Stock Price Seems To Factoring In Aluminium / Zinc Prices To Be $170/140/t Lower Than Spot
Recent Corporate Actions (Stake Sale In Hindustan Zinc & Dividend) Augur Well For Deleveraging
With A Positive Outlook On Metal Prices, & High Dividend Yield, See Risk Reward Attractive
UBS on Shyam Metalics
Initiate Buy, Target Rs 1,200
The Company Is On A High Growth And Transformation Journey
Management’s Pragmatic Approach To Move Up Value Chain
Diversifying Products/Metals & Backward Integration To Capture Efficiencies Make It Stand Out
Successful Foray Into New Businesses Showcases Its Execution Capabilities
Multiple New Projects Commencing Operations In FY25/26 Provide Strong Earnings Visibility
Multiple New Projects Mitigate Profitability Risk Through Diversification
Believe Market Is Not Fully Appreciating Integrated Operations Such As Internal Sourcing
BofA Sec on Maruti
Neutral Call, Target Rs 14,200
Demand Trends In India Have Been Soft Over Last Couple Of Months
India PV Industry Growth Guide Remains At Low-single Digit For FY25
Festive Trends However Will Be Key To Monitor
Sensed More Confidence On Margin Delivery Given Favorable Mix (CNG) & Benign RM
CITI On Paytm
Sell, TP Rs 440
View sale of its entertainment ticketing biz (movies + events) to Zomato for Rs20bn (cash; Rs30/sh for Paytm) as a +ve given that deal-value is higher than implied value for this business in older TP.
Watch for key outstanding regulatory bottlenecks to resolve first – NPCI greenlight to new UPI customer acquisition & Govt FDI approval for payment aggregator license.
GS on Power Grid
Buy. TP Rs 370
Media reports suggest Fatehpur Bhadla HVDC project to be re-bid; expect c.12% hit to reported ‘work-in-hand’
However, not too concerned because of PGCIL’s competitive edge in TBCB over other prvt developers, given its large b/s & low cost of debt
- August 22, 2024 10:36
Stock market live updates: Crude oil down despite decline in US inventories
Crude oil futures traded lower on Thursday morning despite the official data showing decrease in inventories in the US for the week ending August 16. Read more
- August 22, 2024 10:34
Stock market live updates: Zomato, Paytm shares gain in early trade following ticketing business deal Track live movement of stocks here
Track live movement of the stocks here
- August 22, 2024 10:22
Stock market live updates: Sensex, Nifty rise amid rate cut hopes; crude oil prices under pressure
The Indian stock markets opened on a positive note on August 22, 2024, following the global cues driven by expectations of a US Federal Reserve rate cut. The Nifty 50 index opened higher, gaining 93.20 points to start the day at 24,863.40, while the BSE Sensex saw a rise of 301.94 points, opening at 81,207.24. Read more
- August 22, 2024 10:20
Stock market live updates: Rupee range-bound against dollar in early trade
The rupee traded in a narrow range in morning trade on Thursday, as the support from positive domestic equities was negated by relentless dollar demand from importers.
At the interbank foreign exchange market, the local unit opened at 83.93 and fell to 83.95, registering a loss of 5 paise from its previous close. Read more
- August 22, 2024 09:42
Stock market live updates: Paytm to sell entertainment ticketing business to Zomato.. Paytm is up over 3.35% at ₹593.30 as at 9.39 am, and Zomato trades flat at ₹260.17.
- August 22, 2024 09:38
Stock market live updates: Nazara Technologies inks Share Subscription Agreement with Nazara Technologies UK; stock trades flat on NSE
Nazara Technologies has entered into a Share Subscription Agreement with Nazara Technologies UK Ltd, a wholly-owned subsidiary of the company, for the infusion of funds not exceeding GBP 4,236,246 (~USD 5.5mn / ~45.9 crore), into Nazara UK by way of subscription to its equity shares, subject to compliance with the applicable laws. Further, the company has also entered into a loan agreement with Nazara UK on for the proposed grant of a loan not exceeding GBP 16,944,985 (~USD 21.9mn / ₹183.5Cr.), in one or more tranches, to Nazara UK.
Nazara Technologies stock trades flat on the NSE at ₹967.40.
- August 22, 2024 09:36
Stock market live updates: Top gainers and losers on the NSE as at 9.30 am:
Top gainers: Grasim (1.99%), Tata Consumer Products (1.47%), Infosys (0.92%), Tech Mahindra (0.84%), Bharti Airtel (0.78%)
Top losers: Power Grid (-1.56%), Dr Reddy’s (-0.83%), Shriram Finance (-0.75%), TCS (-0.42%), M&M (-0.41%)
- August 22, 2024 09:30
Stock market live updates: India Grid Trust (INDIGRID)- Offer for Sale
Issue Period:- 22- August-24 to 23- August-24
For Non- Retail ( QIB +HNI ) open & close date - 22-August -24 (Today)
For Retail open & close date – 23 –August-24
Floor Price: INR “132”
Closing Price on date of announcement: Rs. 136.80\u0009
Current Market Price: 136.80
Base Issue size: 7.57 Crs Shares – 9.66% of O/S Capital
Green Shoe Issue size: 6.01 Crs Shares – 7.66% of O/S Capital
Total Issue Size: 13.58 Crs equity shares (INR 1792 Cr) – 17.32% of O/s Capital
Non-Retail Portion (QIB + HNI) - 90% of Offer Size - Bidding on 22-August -24 (Today)
Total Issue Size: 12.21 Crs shares (INR 1612.7 Cr)
Retail Portion - 10% of Offer Size - Bidding on 23 August, 2024
Total Issue Size: 1.35 Crs equity shares (INR 179.2 Cr)
Note : Upto Rs 2 lacs bids are classified as Retail and above non retail ( QIB + HNI )
- August 22, 2024 09:29
Stock market live updates: Sammaan Capital Partly Paid-Up Call Closes Today
Final Call Money on Partly Paid-Up Equity Shares
Issue Price: Rs 150/-
Application Money: Rs 50/-
Final Call Money: Rs 100/-
SAMMAANCAP Price: Rs 174.45/-
SCLPP Price: Rs 67.02/- (Price as on 19 Jul 2024)
Symbol: SCLPP
BSE Code: 890192
Call Record Date: 22 July 2024
Call payment period: 08 Aug 2024 to 22 Aug 2024 (Today).
- August 22, 2024 09:29
Stock market live updates: Crude oil trades shade higher amid decrease in US inventories
Brent crude oil futures traded marginally higher on Thursday morning as the official data showed decrease in inventories in the US for the week ending August 16. At 9.20 am on Thursday, October Brent oil futures were at $76.09, up by 0.05 per cent, and October crude oil futures on WTI (West Texas Intermediate) were at $71.88, down by 0.07 per cent. September crude oil futures were trading at ₹6052 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹6030, up by 0.36 per cent, and October futures were trading at ₹6030 against the previous close of ₹6010, up by 0.33 per cent.
- August 22, 2024 09:17
Stock market live updates: BSE Sensex traded at 81,105.39, higher by 200.09 points or 0.25 % at 9.15 am, and Nifty 50 traded at 24,832.90, up 62.70 pts or 0.25%.
- August 22, 2024 09:11
Stock market live updates: Savita Oil Technologies Limited-Buyback_Starts Today
Route – Tender\
Buyback Price: 675/-\
Current Market Price: 604/-
Market Cap: Rs 4,174 Crores\
Buyback Size: Rs 36.45 Crores (Representing 2.09% and 2.09% of the total paid up equity share capital and free reserves)\
Buyback Size: 5,40,000 shares (Representing 0.78% of O/s. shares)\
Retail Quota: 81,000 Shares
Entitlement:
General Category - 7 Equity Shares for every 928 Equity Shares held on the Record Date
Retail Category - 21 Equity Shares for every 544 Equity Shares held on the Record Date
Buyback Record Date: 16 Aug 2024
Tender Period:
Start Date - 22 Aug 2024 (Today)
Close Date - 28 Aug 2024
Obligation Date - 03 Sep 2024
Settlement Date - 04 Sep 2024
- August 22, 2024 09:09
Stock market live updates: CERA Sanitaryware Limited-Buyback_Starts Today
Route – Tender
Buyback Price: 12,000/-\
Current Market Price: 9,798/-
Market Cap: Rs 12,743 Crores\
Buyback Size: Rs 130 Crores (Representing 9.68% and 9.66% of the total paid up equity share capital and free reserves)
Buyback Size: 1,08,333 shares (Representing 0.83% of O/s. shares)\
Retail Quota: 16,250 Shares
Entitlement:
General Category - 1 Equity Shares for every 135 Equity Shares held on the Record Date
Retail Category - 1 Equity Shares for every 22 Equity Shares held on the Record Date
Buyback Record Date: 16 Aug 2024
Tender Period:
Start Date - 22 Aug 2024 (Today)
Close Date - 28 Aug 2024
Obligation Date - 03 Sep 2024
Settlement Date - 04 Sep 2024
- August 22, 2024 09:08
Stock market live updates: Dhanuka Agritech Limited-Buyback_Starts Today
Route – Tender\u0009\u0009
Buyback Price: 2,000/-\u0009\u0009
Current Market Price: 1,796/-
Market Cap: Rs 8,365 Crores\u0009\u0009\u0009
Buyback Size: Rs 100 Crores (Representing less than 10% of the total paid up equity share capital and free reserves)\u0009\u0009
Buyback Size: 5,00,000 shares (Representing 1.10% of O/s. shares)\u0009
Retail Quota: 75,000 Shares
Entitlement:
General Category - 5 Equity Shares for every 528 Equity Shares held on the Record Date
Retail Category - 3 Equity Shares for every 28 Equity Shares held on the Record Date
Buyback Record Date: 16 Aug 2024
Tender Period:
Start Date - 22 Aug 2024 (Today)
Close Date - 28 Aug 2024
Obligation Date - 03 Sep 2024
Settlement Date - 04 Sep 2024
- August 22, 2024 09:07
Stock market live updates: Mayur Uniquoters Ltd-Buyback_Record Date Tomorrow
Route – Tender\u0009\u0009
Buyback Price: 800/-\u0009\u0009
Current Market Price: 670.30/-
Market Cap: Rs 2,946 Crores\u0009\u0009\u0009
Buyback Size: Rs 40 Crores (Representing 4.62% and 4.57% of the total paid up equity share capital and free reserves)\u0009\u0009
Buyback Size: 5,00,000 shares (Representing 1.14% of O/s. shares)\u0009
Retail Quota: 75,000 shares
Last Cum Trading Date: 22 Aug 2024 (Today)
Ex-Date: 23 Aug 2024
Buyback Record Date: 23 Aug 2024
Buyback Schedule: Not Yet Announced
- August 22, 2024 09:06
Stock market live updates: Dividend Dates
Dividend Dates
Ex-Dividend 23 Aug 2024 (Tomorrow)
Last date for Cum-Dividend Today
ABB India Limited
Dividend Per Share Rs.10.66
Previous day Closing Price – Rs. 7915.6
A.K.Capital Services Ltd.
Dividend Per Share Rs.8
Previous day Closing Price – Rs. 1094.55
Astra Microwave Products Ltd.
Dividend Per Share Rs.2
Previous day Closing Price – Rs. 882.65\
Bhageria Industries Ltd
Dividend Per Share Rs.1
Previous day Closing Price – Rs. 181.65
Bhatia Communications & Retail (India) Ltd
Dividend Per Share Rs.0.01
Previous day Closing Price – Rs. 22.78
Crest Ventures Limited \u0009\u0009
Dividend Per Share Rs.1\u0009\u0009
Previous day Closing Price – Rs. 462\u0009\u0009
\u0009\u0009
Crestchem Ltd.\u0009\u0009
Dividend Per Share Rs.0.5\u0009\u0009
Previous day Closing Price – Rs. 164.75\u0009\u0009
\u0009\u0009
Deepak Spinners Ltd.\u0009\u0009
Dividend Per Share Rs.0.5\u0009\u0009
Previous day Closing Price – Rs. 212.8\u0009\u0009
\u0009\u0009
Dynacons Systems & Solutions Ltd.\u0009\u0009
Dividend Per Share Rs.0\u0009\u0009
Previous day Closing Price – Rs. 1559.05\u0009\u0009
\u0009\u0009
Everest Kanto Cylinder Ltd.\u0009\u0009
Dividend Per Share Rs.0.7\u0009\u0009
Previous day Closing Price – Rs. 189.45\u0009\u0009
\u0009\u0009
Federal Bank Ltd.\u0009\u0009
Dividend Per Share Rs.1.2\u0009\u0009
Previous day Closing Price – Rs. 203.2\u0009\u0009
\u0009\u0009
Gujarat Ambuja Exports Ltd.\u0009\u0009
Dividend Per Share Rs.0.35\u0009\u0009
Previous day Closing Price – Rs. 138.65\u0009\u0009
\u0009\u0009
Gandhar Oil Refinery (India) Ltd\u0009\u0009
Dividend Per Share Rs.0.5\u0009\u0009
Previous day Closing Price – Rs. 219.4\u0009\u0009
\u0009\u0009
Godfrey Phillips India Ltd.\u0009\u0009
Dividend Per Share Rs.56\u0009\u0009
Previous day Closing Price – Rs. 5666.25\u0009\u0009
\u0009\u0009
Gujarat Hotels Ltd.\u0009\u0009
Dividend Per Share Rs.2.5\u0009\u0009
Previous day Closing Price – Rs. 238.45\u0009\u0009
\u0009\u0009
Insecticides (India) Ltd.\u0009\u0009
Dividend Per Share Rs.2\u0009\u0009
Previous day Closing Price – Rs. 929.85\u0009\u0009
\u0009\u0009
Indian Railway Catering And Tourism Corporation Ltd\u0009\u0009
Dividend Per Share Rs.4\u0009\u0009
Previous day Closing Price – Rs. 934.6\u0009\u0009
\u0009\u0009
IL&FS Investment Managers Ltd.\u0009\u0009
Dividend Per Share Rs.0.7\u0009\u0009
Previous day Closing Price – Rs. 14.74\u0009\u0009
\u0009\u0009
KFIN Technologies Ltd\u0009\u0009
Dividend Per Share Rs.5.75\u0009\u0009
Previous day Closing Price – Rs. 1053\u0009\u0009
\u0009\u0009
K.P. Energy Ltd\u0009\u0009
Dividend Per Share Rs.0\u0009\u0009
Previous day Closing Price – Rs. 392.55\u0009\u0009
\u0009\u0009
Kronox Lab Sciences Ltd\u0009\u0009
Dividend Per Share Rs.0.5\u0009\u0009
Previous day Closing Price – Rs. 155.7\u0009\u0009
\u0009\u0009
Kuantum Papers Ltd.\u0009\u0009
Dividend Per Share Rs.3\u0009\u0009
Previous day Closing Price – Rs. 150.85\u0009\u0009
\u0009\u0009
LIC Housing Finance Ltd.\u0009\u0009
Dividend Per Share Rs.9\u0009\u0009
Previous day Closing Price – Rs. 679\u0009\u0009
\u0009\u0009
Vedant Fashions Ltd\u0009\u0009
Dividend Per Share Rs.8.5\u0009\u0009
Previous day Closing Price – Rs. 1169.1\u0009\u0009
\u0009\u0009
Max Healthcare Institute Ltd\u0009\u0009
Dividend Per Share Rs.1.5\u0009\u0009
Previous day Closing Price – Rs. 869\u0009\u0009
\u0009\u0009
Mayur Uniquoters Ltd.\u0009\u0009
Dividend Per Share Rs.3\u0009\u0009
Previous day Closing Price – Rs. 670.3\u0009\u0009
\u0009\u0009
Meera Industries Ltd\u0009\u0009
Dividend Per Share Rs.0.5\u0009\u0009
Previous day Closing Price – Rs. 63.4\u0009\u0009
\u0009\u0009
Natco Pharma Ltd.\u0009\u0009
Dividend Per Share Rs.3\u0009\u0009
Previous day Closing Price – Rs. 1471.75\u0009\u0009
\u0009\u0009
Nicco Parks & Resorts Ltd.\u0009\u0009
Dividend Per Share Rs.0.35\u0009\u0009
Previous day Closing Price – Rs. 149\u0009\u0009
\u0009\u0009
Oil And Natural Gas Corporation Ltd\u0009\u0009
Dividend Per Share Rs.2.5\u0009\u0009
Previous day Closing Price – Rs. 327.65\u0009\u0009
\u0009\u0009
R.J.Shah & Co.Ltd.\u0009\u0009
Dividend Per Share Rs.2.5\u0009\u0009
Previous day Closing Price – Rs. 539.95\u0009\u0009
\u0009\u0009
Rashi Peripherals Ltd\u0009\u0009
Dividend Per Share Rs.1\u0009\u0009
Previous day Closing Price – Rs. 429.15\u0009\u0009
\u0009\u0009
Surya Roshni Ltd.\u0009\u0009
Dividend Per Share Rs.2.5\u0009\u0009
Previous day Closing Price – Rs. 711.6\u0009\u0009
\u0009\u0009
Taal Enterprises Ltd\u0009\u0009
Dividend Per Share Rs.25\u0009\u0009
Previous day Closing Price – Rs. 3058.3\u0009\u0009
\u0009\u0009
Upsurge Investment & Finance Ltd.\u0009\u0009
Dividend Per Share Rs.0.5\u0009\u0009
Previous day Closing Price – Rs. 125.71\u0009\u0009
\u0009\u0009
Venky’s (India) Ltd.\u0009\u0009
Dividend Per Share Rs.7\u0009\u0009
Previous day Closing Price – Rs. 2312.75
The Yamuna Syndicate Ltd
Dividend Per Share Rs.400\u0009\u0009
Previous day Closing Price – Rs. 53500
- August 22, 2024 09:02
Stock market live updates: BHARTI AIRTEL: USD 1B 2025 FCCB CONVERSION PRICE CUT TO RUPEES 515 PER SHARE
- August 22, 2024 09:01
Stock market live updates: POWERMECH 22/08/2024 BONUS MEET
- August 22, 2024 09:01
Stock market live updates: Corporate events
1. Zentech: FUND RAISE
BoD authorized the opening of QIP on 21st Aug 2024, approving the floor price of the Issue at INR 1,685 per share.
2. Gensol: ORDER
Company has received the Letter of Award (LOA) for execution of 16 MWp turnkey EPC rooftop solar project worth Rs. 40 Crore under commercial and industrial (C&I) segment from a leading textile company. This is a repeat order for Gensol, which will be installed in Madhya Pradesh and Gensol will commission the project in six months.
3. Kilburn: FUND RAISE
Board Meeting will be held on 26th August, 2024, to consider Fund Raise.
(ACQUISITION) Company announced the proposed acquisition of Monga Strayfield Pvt. Ltd., a global leader in radio frequency drying and heating solutions, for a total consideration up to INR 123 Cr. Target Company brings over five decades of expertise in radio frequency drying and heating solutions, alongside a strong presence in the sheet metal fabrication industry, catering to both the USA and European markets. In FY24, the company reported a total revenue of INR 72.9 Cr, a PAT of INR 15.4 Cr.
4. Avantel: CONFIRMATION OF PROVISIONAL PURCHASE ORDER
In Dec ‘2023, Company announced that it had received a Provisional Purchase Order worth INR 67.9 Cr from NewSpace India Limited. NewSpace India Limited has now accepted the prototype terminals (Xponders), issued the bulk production clearance, and the provisional purchase order has now been converted into a final purchase order. Delivery needs to be executed by April ‘25.
5. Rate Gain: COLLABORATION
Thai Airways has announced a multi-year partnership with RateGain’s AirGain platform. This collaboration aims to enhance Thai Airways’ pricing strategies across its domestic and international routes, leveraging its membership in the Star Alliance network.
- August 22, 2024 09:00
Stock market live updates: AARTI DRUGS: CO TO CONSIDER EQUITY SHARE BUYBACK ON AUGUST 26, 2024
- August 22, 2024 08:55
Stock market live updates: IPO screener: Orient Tech is a big hit among retail, HNIs on Day 1
Orient Technologies’ IPO received a grand response from HNI and retail of investors on Day 1 of the issue opening on Wednesday. The IPO was subscribed at 6.65 times at the end of the opening day. Read more
- August 22, 2024 08:42
Stock market live updates: Nifty expected to open in the green; market awaits Fed chief’s speech
Domestic markets are expected to open on a flat note, ahead of the US Federal chief’s pronouncements at the Jackson Hole summit. Gift Nifty at 24,865 signals a gain of about 60-70 points for Nifty at open. According to analysts, the markets are likely to move in a range ahead of the US Fed chief Jerome Powell’s Friday speech at the summit. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said: The Fed chair’s speech at the Jackson Hole conference on Friday will be eyed by investors for any hint of a rate cut which could fuel buying support. Read more
- August 22, 2024 08:12
Stock market live updates: Fund House Recommendations
UBS on Shyam Metaliks: Initiate Buy on Company, target price at Rs 1200/Sh (Positive)
Jefferies on Indigo: Upgrade to Buy on Company, raise target price at Rs 5225/Sh (Positive)
CLSA on Vedanta: Maintain Outperform on Company, target price at Rs 520/Sh (Positive)
Jefferies on Zomato: Maintain Buy on Company, raise target price at Rs 335/Sh (Positive)
Nomura on Zomato: Maintain Buy on Company, target price at Rs 280/Sh (Positive)
Elara on Zomato: Maintain Buy on Company, target price at Rs 320/Sh (Positive)
Bernstein on Zomato: Maintain Outperform on Company, target price at Rs 275/Sh (Positive)
UBS on Zomato: Maintain Buy on Company, target price at Rs 320/Sh (Positive)
Nuvama on Home Decor: Venus Pipes, Somany Ceramics and APL Apollo as the top picks in the sector. (Positive)
Jefferies on Hotels: RevPAR growth for Indian Hotel industry rebounded in July to 16% YoY vs muted Q1 (Positive)
Emkay on Union Bank: Maintain Reduce on Bank, cut target price at Rs 130/Sh (Neutral)
Citi on PayTM: Maintain Sell on Company, raise target price at Rs 440/Sh (Neutral)
Emkay on Zomato: Maintain Buy on Company, target price at Rs 270/Sh (Neutral)
BofA on Maruti: Maintain Neutral on Company, cut target price at Rs 14200/Sh (Neutral)
- August 22, 2024 07:56
Stock market live updates: ONGC board approves buy-back of Compulsorily Convertible Debentures
The ONGC Ltd board has approved buy-back of Compulsorily Convertible Debentures of Rs 7,778 crores in three tranches by OPaL (ONGC Petro additions Ltd) from FIs, Banks, MFs, and others. It has also approved payment of Rs. 86 crores call money to convert warrants held in OPaL. Post buyback the equity stake in OPaL would be 92.27 per cent
- August 22, 2024 07:54
Stock market live updates: Indoco Remedies gets US FDA approval for ANDA for Lofexidine Tablets 0.18- mg and the company intends to launch the product in the US
Indoco Remedies gets US FDA approval for ANDA for Lofexidine Tablets 0.18- mg and the company intends to launch the product immediately in the US. This medicine is indicated for mitigation of symptoms associated with acute withdrawal from opioids.
- August 22, 2024 07:49
Stock market live updates today: Central Bank of India declared successful bidder for the sale of Category 1 assets of Future Enterprises
Central Bank of India was declared successful bidder for the sale of Category 1 assets of Future Enterprises. This includes 25.18% stake in Future Generali India Life Insurance Company and 0.51% stake in Future Generali India Insurance Company.
- August 22, 2024 07:45
Stock market live updates: Stocks that will see action today: August 22, 2024
One 97 Communications Ltd, which owns the Paytm brand, on Wednesday said it will sell entertainment ticketing business to Zomato for ₹2,048 crore. Read more
- August 22, 2024 07:44
Stock market live updates: NAZARA TECH INFUSES GBP 4.2M AND EXTENDS GBP 16.9M (183 CR RUPEES) LOAN TO UNIT NAZARA UK FOR STRATEGIC ACQUISITION IN GAMING SECTOR
- August 22, 2024 07:23
Stock market live updates: HUDCO SAYS MOU BETWEEN HUDCO AND YEIDA || PACT TO EXTEND FINANCIAL ASSISTANCE FOR LOANS TO PROJECTS ON SIDES OF YAMUNA EXPRESSWAY
- August 22, 2024 07:22
Stock market live updates: KILBURN ENGINEERING: CO PROPOSES TO ACQUIRE MONGA STRAYFIELD FOR 1.23B RUPEES
- August 22, 2024 07:22
Stock market live updates: INVESTMENT TRUST OF INDIA SAYS NSE HAS RETURNED THE DEMERGER APPLICATION OF ‘NON-LENDING BUSINESS UNDERTAKING
INVESTMENT TRUST OF INDIA SAYS NSE HAS RETURNED THE DEMERGER APPLICATION OF ‘NON-LENDING BUSINESS UNDERTAKING’ TO THE COMPANY STATING TO REFILE THE APPLICATION POST OBTAINING THE REQUISITE IN-PRINCIPLE APPROVAL FROM VARIOUS DEPARTMENTS OF SEBI
- August 22, 2024 07:21
Stock market live updates: Zenith Drugs completes construction of plant in Indore
COMPANY COMPLETES CONSTRUCTION OF NEW PLANT IN INDORE; WILL COMMENCE PRODUCTIONS OF TABLETS, LIQUID ORAL FORMULATIONS IN SEPT || CO SAYS NEW PLANT REPRESENTS A MAJOR INVESTMENT IN OUR FUTURE, ENABLING US TO MEET THE GROWING DEMAND FOR OUR PRODUCTS WITH ENHANCED EFFICIENCY AND QUALITY
- August 22, 2024 07:19
Stock market live updates: GMR AIRPORTS INFRA has RECEIVED LOA FROM DELHI INTERNATIONAL AIRPORT TO DEVELOP, OPERATE, MANAGE AND MAINTAIN DUTY-FREE OUTLETS AT IGI AIRPORT, NEW DELHI
- August 22, 2024 07:18
Stock market live updates: Securities in F&O Ban For Trade Date 22-August-2024
* AARTIIND
* ABFRL
* BALRAMCHIN
* BSOFT
* GNFC
* GRANULES
* HINDCOPPER
* INDIACEM
* LICHSGFIN
* NATIONALUM
* PEL
* SUNTV
- August 22, 2024 07:18
Stock market live updates: Economic Calendar – 22.08.2024
10.30 INDIA HSBC Manufacturing PMI (Expected: 58.0 versus Previous: 58.1)
13.00 EURO German Manufacturing PMI (Expected: 45.7 versus Previous: 45.8)
14.00 U.K. Flash Manufacturing PMI (Expected: 52.1 versus Previous: 52.1)
18.00 U.S. Unemployment Claims (Expected: 233K versus Previous: 227K)
19.15 U.S. Flash Manufacturing PMI (Expected: 49.8 versus Previous: 49.6)
19.30 U.S. Existing Home Sales (Expected: 3.92M versus Previous: 3.89M)
- August 22, 2024 07:17
Stock market live updates: FED MINUTES
THE VAST MAJORITY OF PARTICIPANTS SAID IT WOULD LIKELY BE APPROPRIATE TO EASE POLICY AT THE NEXT MEETING IF DATA CONTINUED TO COME IN AS EXPECTED, MINUTES SHOW.
SEVERAL PARTICIPANTS SAID RECENT PROGRESS ON INFLATION AND INCREASES IN THE UNEMPLOYMENT RATE PROVIDED A PLAUSIBLE CASE FOR A 25-BASIS-POINT RATE CUT AT JULY’S MEETING OR THAT THEY COULD HAVE SUPPORTED SUCH A MOVE.
PARTICIPANTS VIEWED THE INCOMING DATA AS ENHANCING THEIR CONFIDENCE THAT INFLATION WAS MOVING TOWARD 2% OBJECTIVE.
THE MAJORITY OF PARTICIPANTS SAID RISKS TO EMPLOYMENT GOAL HAD INCREASED; MANY NOTED RISKS TO INFLATION GOAL HAD DECREASED.
(AS PER BOND MARKET INDICATIONS, POLICY REVERSAL POSSIBILITY FROM SEPTEMBER)
- August 22, 2024 07:17
Stock market live updates: E2E Networks board approves preferential issue worth over ₹420 crore at ₹1695 a share
The E2E Networks board has approved a preferential issue worth over ₹420 crore at ₹1695 a share. Allottees include Ashish Kacholia, Gauri Khan Family Trust, Nav Cap Fund, Madhuri S. Dixit
- August 22, 2024 07:15
Stock market live updates: Servotech Power bags contract to build 12 EV charging stations for Kerala Government
- August 22, 2024 07:15
Stock market live updates: SUN PHARMA: PHARMAZZ INC. AND SUN PHARMA have ENTERED INTO AN AGREEMENT UNDER WHICH SUN PHARMA WILL INVEST UP TO $15M IN PHARMAZZ, INC.
- August 22, 2024 07:14
Stock market live updates: MUTHOOT CAPITAL SERVICES BOARD MEETING ON AUG 24 CONSIDER AND APPROVE ISSUANCE OF NON-CONVEIBLE DEBENTURES UPTO RS. 50 CRORES ON PRIVATE PLACEMENT BASIS
- August 22, 2024 07:13
Stock market live updates: PROCTER & GAMBLE HEALTH
Q1 SL NET PROFIT 167.8M RUPEES VS 298.2M (YOY); 465.6M (QOQ)
PROCTER & GAMBLE HEALTH: Q1 REVENUE 2.84B RUPEES VS 3.01B (YOY); 2.52B (QOQ)
PROCTER & GAMBLE HEALTH: Q1 EBITDA 482.5M RUPEES VS 453.4M (YOY) || Q1 EBITDA MARGIN 17% VS 15.05% (YOY)
- August 22, 2024 07:12
Stock market live updates today: Fund Flow Activity
21 August 2024 (Rs. In Crs.)
Turnover: (NSE + BSE)
Cash Volume: 117623.75 + 9515.47 Total : 127139.22
F&O Volume: 528866.84 + 296911.8 Total : 825778.64
Provisional Cash
FII/FPI: NET SELL: -799.74
(16888.07 - 17687.81)
DII: NET BUY: +3097.45
(13299.53 - 10202.08)
- August 22, 2024 07:08
Stock market live updates today: Franklin Templeton India makes a debt fund comeback: Should you invest in its ultra short duration NFO?
For the better part of the decade leading up to 2020, most of Franklin Templeton’s debt funds were chart toppers across categories. Of course, in April 2020, all the good news faded with the forced winding up of six bond schemes – one of them being the top-deck performer ultra short bond fund. Read moreFor the better part of the decade leading up to 2020, most of Franklin Templeton’s debt funds were chart toppers across categories. Of course, in April 2020, all the good news faded with the forced winding up of six bond schemes – one of them being the top-deck performer ultra short bond fund. Read more
- August 22, 2024 06:50
Stock market live updates today: Coal India’s net financial impact could be over ₹6,000 crore, Chairman says on SC verdict on mining taxes
State-run miner Coal India expects the net financial impact of the Supreme Court’s ruling on mining taxes on the company to be over ₹6,000 crore as it is hopeful of recovering over 70 per cent of its liabilities from its customers with whom the company has long-term fuel supply agreements (FSAs). Read more
- August 22, 2024 06:49
Stock market live updates today: Interarch Building IPO subscribed 93 times
The IPO of Interarch Building Products closed on a high note with overall subscription figures of 93.46 times, as institutional investors pumped in money on the last day of the issue closing on Wednesday. Read more
- August 22, 2024 06:46
Stock market live updates: Stock to buy today: Allcargo Logistics (₹67.21)
The stock of Allcargo Logistics has largely charted a sideways trend since April 2023. Barring a brief rally above ₹78 a couple of times in 2024, the scrip has traded within the ₹60 and ₹78 band. Since July, the share price has moved in a narrower range of ₹60-65. Read more
- August 22, 2024 06:44
Stock market live updates today: Today’s stock recommendation: Allcargo Logistics (Buy)
- August 22, 2024 06:40
Stock market live updates: Nippon India MF launches Nifty 500 Equal Weight Index Fund
Nippon Life India Asset Management has launched one-of-its-kind passive fund tracking Nifty 500 Equal Weight Index Fund. The fund will invest 0.20 per cent across 500 stocks that constitute the index. Read more
- August 22, 2024 06:39
Stock market live updates today: Jairam Ramesh calls out CCI’s alleged leniency towards Adani Group
In a post on platform ‘X’ , Senior Congress leader Jairam Ramesh has accused the Competition Commission of India (CCI) of favouring Adani Group, by approving their acquisitions and allowing the creation of monopolies in critical sectors. Read more
- August 22, 2024 06:38
Stock market live updates: Passive funds gaining ground, assets swell past ₹10 lakh cr
Passive investment has been gaining ground as most of the actively managed funds are unable to beat their benchmark indices. The passive funds asset has grown to ₹10.2 lakh crore accounting for 17 per cent of the total market share, while AUM of active funds were at ₹51 lakh crore as of June-end. Read more
- August 22, 2024 06:37
Stock market live updates today: NSE diktat on client referrals spooks brokers Updated - August 21, 2024 at 08:35 PM. | Mumbai
A recent circular by the National Stock Exchange (NSE) mandating persons that refer clients to trading members to be appointed as authorised persons (APs) has sent brokers in a tizzy. Read more
Comments
- Copy link
- Telegram
Related Topics
- Nifty
- Sensex
- market shares
- stocks and shares
- share market
- shareholders
- share allotment
- stocks and bonds
- Stocks to Watch
- stock market
- stock exchanges
- stock splits
- stock options
- stock broking
- stock activity
- financing and stock offering
- BSE
- NSE
- rupee
- currency value
- financial markets
- commodity markets
- HinduRef
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.