![]() Jefferies maintains its ‘Buy’ rating on Sun Pharmaceutical Industries with a target price of Rs 1,200.It expects the company’s revenue to grow at a CAGR of 37.1% over FY22-25. The brokerage remains positive about the firm due to its capacity expansion-led growth, advanced R&D capabilities, strong product pipeline and market leadership in most of its products. HDFC Securities maintains its ‘Buy’ rating on Aether Industries with a target price of Rs 1,121, indicating an upside of 20.6%. ![]() It shows up in a screener for high-volume stocks today. Shriram Properties rises as strategic investors grab a 14.3% stake in the company through a block deal. All constituents of the broader sectoral index Nifty IT are also trading in the green. Tata Consultancy Services, Infosys, HCL Technologies, MphasiS and LTIMindtree are rising in trade. The size of the issue is Rs 865 crore, comprising a fresh issue of Rs 320 crore and an offer for sale for Rs 545 crore.Īnupam Rasayan, Manappuram Finance and Rail Vikas Nigam outperform the Sensex by 32.4%, 20.2% and 18.6% respectively in the past month. The price band for the issue is Rs 415-436 per share. The stock, however, has gained 6% in the past six months.Īvalon Technologies, a vertically-integrated electronic manufacturing services provider, opens for IPO subscription on Monday. It shows up in a screener with declining ROE in the past two years. Torrent Power is one of the top loser stocks in trade today. The reason for the fall is a slowdown in the BFSI sector, which accounts for 30% of its revenues. In FY22, revenue growth for the sector was 19% and in FY23, it is expected to be around 18-20%. They show up in a screener for stocks with new 1-year highs.Ĭrisil expects IT firms’ revenue to fall to 10-12% in FY24. AIA Engineering has risen 11.5% in the past month, while KEI Industries grew 5.8%. But it lags in Trendlyne durability score and mutual fund holding.ĪIA Engineering and KEI Industries reach their all-time highs of Rs 2,960 and Rs 1,744 per share respectively. Zydus Lifesciences beats Abbott India in YoY revenue and net profit growth, FII holdings and broker average target upside. US indices futures also traded in the green, led by the tech-heavy Nasdaq 100 index futures. Nifty IT gained 2.4% at close, following the tech-heavy Nasdaq 100 index closing 0.91% higher on Thursday.Įuropean indices trade in the green, in line with the Asian indices, which closed higher. All other major sectoral indices close in the green. Nifty Energy and Nifty Bank closed higher than Wednesday’s levels. Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Reliance Industries will conduct a shareholder meeting to demerge its financial services business. The Nifty 50 rose nearly 250 points and closed above the 17,300 mark. Indian indices extended their gains in the final hour of the trading session and closed in the green. Johnson Controls-Hitachi Air Conditioning India Ltd. Stocks making new 52 weeks lows included. Stocks touching their year highs included. Respectively on BSE at the time of posting this article. Was trading at 10.2 times of weekly average. Sterling and Wilson Renewable Energy Ltd. Largecap and midcap gainers today includeĢ5 stocks in BSE 500 are trading on high volumes today. Of the 1964 stocks traded today, 1301 were gainers and 618 were losers.
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