BHEL Share Price Zooms After Coverage Initiation With ‘Buy’ Rating From UBS
Bharat Heavy Electricals Ltd.’s share price spiked nearly 3% after the company received coverage initiation from UBS.
The brokerage noted that there is thermal reviving and remunerative growth ahead for the company. It also noted that the company’s net profit is expected to rise eight times by FY28E.
The scrip rose as much as 2.87% to Rs 248.37 apiece. It pared gains to trade 1.51% higher at Rs 245.07 apiece, as of 10:37 a.m.
Stock Market Live Update: NBCC’s Unit Gets Revised Order Worth Rs 25.4–103 Crore
NBCC (India) Ltd.’s unit Lokpal of India received order worth in the range of Rs 25.4 crore – Rs 103 crore. Order value for repair works modified due to technical reasons, the company said in the exchange filing.
Stock Market Live Update: KPI Green Energy Extends Losses Despite Increase In Profit
KPI Green Q1 Highlights (Cons, YoY)
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Revenue up 73.3% to Rs 603 crore versus Rs 348 crore.
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Ebitda up 58.3% to Rs 178 crore versus Rs 112 crore.
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Margin down to 29.5% versus 32.3%.
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Net profit up 68.4% to Rs 111 crore versus Rs 66.1 crore.
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Approves raising up to Rs 700 crore via green bonds.
Track live updates on Q1 earnings here.
Bharti Airtel Q1 Results Preview: Net Profit, Revenue Expected To Rise
Bharti Airtel Ltd. is set to announce its financial results for the April-June quarter on Tuesday. Brokerages expect ARPUs to improve marginally for the company.
The country’s second largest telecom firm is likely to report a quarterly revenue of Rs 49,761.80 crore, according to consensus estimates of analysts tracked by Bloomberg. The margin is expected to come in at 56.2%.
Stock Market Live Update: Reliance Power Shares Continues To Hit Lower Circuit
Reliance Power Ltd.’s share price plummeted by 5%, hitting the lower circuit limit on Tuesday, as Reliance Group Chairman Anil Ambani is set to appear before probe agency Enforcement Directorate today for questioning in connection with an alleged Rs 17,000 crore worth bank loan fraud-linked money laundering case. The stock has continued to remain in lower circuit for the the third consecutive day, as per Bloomberg.
Track live updates on Anil Ambani Group stocks here.
Stock Market Live: Veranda Learning Board Approves Merger Between Two Arms
Veranda Learning Learning Solutions’s board approved merger between two of its subsidiary. The two subsidiaries are Veranda K-12 Learning Solutions Pvt. Ltd. and Veranda Administrative Learning Solutions Pvt. Ltd.
IPO News: Laxmi India Shares Debut At 13% Discount To Issue Price
Laxmi India Finance Ltd. made a lacklustre debut at the Street with a 10.47% discount over its issue price. On the National Stock Exchange, the stock started trading at Rs 141.08 apiece, compared to the issue price of Rs 137.52 at 10:00 a.m., at a discount of 12.9%. On BSE, the scrip started trading at Rs 136 apiece, compared to the issue price of 158, at a discount of 12.9%.
IPO News: Aditya Infotech Lists At Over 50% Premium
Aditya Infotech Ltd. listed at over 50% premium. The scrip started trading at Rs 1,015 apiece on the NSE and Rs 1,018 on the BSE. The IPO price was Rs 675 apiece.
Waaree Energies, Premier Energy, Suzlon Energies, BHEL Rated New ‘Buy’ At UBS
UBS has initiated coverage on multiple industrial and infrastructure power Original Equipment Manufacturers with a buy rating. The brokerage believes that OEMs are expected to see significant growth given UBS sees profits will increase 3.7 times from FY20-25 to FY25-30 and established leaders will see a 45% Compound Annual Growth Rate in profits.
The report suggests that there is room for creating value for stakeholders, and the advantage lies with existing market leaders.
Stock Market Live: Godfrey Phillips Hit Record High As Net Profit Increases
Godfrey Phillips India Ltd. share price hit a record high in Tuesday’s session as the company’s net profit increased during April–June period.
Sectoral Performance At Open: Nifty PSU Bank Outperforms
On National Stock Exchange, eight sectoral indices advanced, five declined, and two remained flat out of 15 sectoral indices.
Nifty Detractors: HDFC Bank, RIL, ICICI Bank Weigh
HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Infosys Ltd., and Mahindra & Mahindra Ltd. weighed on the NSE Nifty 50 index.
Bharti Airtel Ltd., State Bank of India, Maruti Suzuki India Ltd., IndusInd Bank Ltd., and Coal India Ltd. limited losses in the index.
Stock Market Today: Nifty, Sensex Fall Shortly After Muted Open
The NSE Nifty 50 and BSE Sensex declined shortly after a muted open as HDFC Bank Ltd. and Reliance Industries Ltd. shares weighed. The indices were trading 0.12% and 0.18% down, respectively as of 9:23 a.m.
Yield On The 10-Year Bond Opens Flat
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The 10-year bond yield opened flat at 6.38%
Source: Cogencis
Rupee Opens Weaker Against US Dollar
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Rupee opened 19 paise weaker at 87.85 against US Dollar
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It closed at 87.66 a dollar on Monday.
Source: Cogencis
Stock Market Live: SEBI Mulls Special Division To Tackle Manipulation By High Frequency Trading Firms
Stock market regulator—Securities and Exchange Board of India—is currently exploring forming a special division that will be responsible for looking into market manipulation instances of high-frequency trading firms, according to people familiar with the matter.
The immediate function of this team would be to look into Jane Street entities and would later expand to any such instances in the future.
Stock Market Live: Raitel Corp Gets Letter Of Intent From Bihar Electronics Development
Raitel Corp Gets Letter Of Intent From Bihar Electronics Development Corp, the company said in the exchange filing.
Stock Market Today: Angel One Business Update (MoM)
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July client base rose 1.8% to 3.3 crore
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July orders rose 7% to 12.3 crore
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July average daily orders fall 2.3% to 53.5 lakh
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July average daily orders fall 2.3% to 53.5 lakh
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July gross client acquisitions rose 17% to 6.4 lakh
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July gross client acquisitions rose 17% to 6.4 lakh
ABB India Targets 12-15% Profit Margin In 2025 Led By Strong Order Pipeline
Engineering and technology major ABB India is navigating a temporary slowdown in its large-scale industrial projects segment, according to the company’s Managing Director (MD), Sanjeev Sharma.
However, the company is confident of maintaining PAT margins within the guided range of 12% to 15% in CY25, provided revenue off-take remains strong and external factors like Quality Control Orders (QCOs) do not pose significant challenges, as per CFO TK Sridhar.
Dividend Stocks: Coal India, Kirloskar Industries, Blue Dart — Last Day To Buy Shares To Qualify
Shares of Coal India Ltd., Kirloskar Industries Ltd., Blue Dart Express Ltd. and 16 other companies will be of interest on Tuesday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
Oil Prices Steadies As Traders Assess Potential Penalty On India’s Russian Supplies
Oil prices consolidated in Asia-Pacific market hours after three-day slump as traders take a step back to assess impact of imminent penalty on India’s Russian supplies.
US President Donald Trump said that he would raise tariffs on India substantially because of its oil imports from Russia.
The brent October future contract was trading 0.10% down at $68.69 a barrel as of 7:53 a.m.
Asia Market Update Live: Nikkei 225 Rebounds And KOSPI, S&P ASX Rises Over 1%
Markets in most Asia–Pacific markets were trading higher on Tuesday, as overnight gains on Wall Street supported.
South Korea’s benchmark index KOSPI and Australia’s S&P ASX 200 were trading 1.58% and 1.08% higher, respectively as of 7:37 a.m.
The Nikkei 225 rebounded in Tuesday’s session. It was trading 0.53% higher as of 7:37 a.m.
US Market Update: Dow Jones Industrial And S&P Futures Rise
US futures were trading higher on Tuesday in Asia-Pacific market hours as market participants increased bets on rate cuts as early as September from the US Federal Reserve.
In a surprise move, Fed Governor Adriana Kugler has resigned, which opened more room for new officials joining the central bank. President Donald Trump has said a number of times to replace Chair Jerome Powell while demanded rate cuts.
The Dow Jones Industrial Average and S&P 500 futures were trading 0.14% and 0.18% higher, respectively as of 7:28 a.m.
GIFT Nifty Implies Positive Open; Delta Corp, Sona BLW, Siemens Energy Shares In Focus
The GIFT Nifty was trading 0.07% or 16.50 points higher at 24,723 as of 6:37 a.m., which implied a higher open for the NSE Nifty 50 index.
Traders may keep an eye on Aurobindo Pharma Ltd., Delta Corp Ltd., Siemens Energy Ltd., and Sona BLW Precision Forgings Ltd. share prices will likely to move significantly because of the first-quarter results released Monday post market hours.
The Indian equity benchmark indices closed higher snapping a two-day slump, as Hero Moto, Tata Steel stocks led gains.
The NSE Nifty 50 ended 157 points, or 0.64% up at 24,722, and the 30-stock BSE Sensex ended 418 points, or 0.52% higher at 81,018. The NSE Nifty Bank closed flat at 55,619.
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