July 25, 2024



Market Morning Notes For 20th June 2024

2 min read
Market Morning Notes For 20th June 2024

Markets witnessed divergent pattern on Wednesday with Nifty ending reduce even though Lender Nifty managed to post gains of much more than 2% with Bank Nifty surpassing 51,000 mark. We hope providing pressure in midcap to proceed additional while Financial institution Nifty could be heading to 54,000 in times to come. The suitable approach at the existing juncture would be to accumulate substantial cap non-public financial institutions exactly where nevertheless there is meaningful upside of much more than 10% from existing degrees.

Nifty 50 Chart

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Favourable Examine by

Reliance – Reliance Jio provides 2.687 mn users in April vs 2.14 mn users Mom.

Indian Oil – Indicators JV settlement with GPS Renewables for sustainable vitality methods.

Brigade Ent – Agreement truly worth Rs. 1.5 bn to produce 3rd tower of WTC at Infopark Kochi.

Sapphire – Board approves stock split into 5 shares for each and every 1 share held.

Gokaldas – To make investments up to Rs. 3.50 bn in BRFL Textiles by means of OCD membership.

Mas Fiscal – To raise up to Rs. 5 bn by using QIP, indicative price at Rs. 286.25/share.

Awfis Space – Q4 EBITDA jumped 35 pct, income grew 44 pct YoY.

Tanfac – Framework arrangement with a Japanese specialty chemical business well worth USD 81 mn.

GMR Energy – In settlement with Bosch International Software package for intelligent metering project.

Godrej Industries – CCI approves Godrej Industries proposed team re-alignment.

Blue Dart – Commences drone deliveries in collaboration with Skye Air.

Escorts Kubota – Plans expense of up to Rs. 45 bn for new Rajasthan device.

Lemon Tree – Enterprise indications a new assets in Morbi, Gujarat.

Aurionpro – Business suggests extended expression revenue expansion price purpose of 25 pct-30 pct per annum.

Unfavorable Examine as a result of

Bharti Airtel – Airtel adds .75 mn end users in April vs 1.75 mn users Mother.

Sunshine Pharma – US Food and drug administration troubles a warning letter for Dadra Unit.

PNB Housing – Asia Opportunities, Basic Atlantic to promote 4.2 pct stake through block.

KEI Ind – Operations partly afflicted at Rakholi and Chinchpada vegetation because of to strikes.

Som Distilleries – Madhya Pradesh governing administration suspends license of Som Distilleries in boy or girl labour case.

PNC Infra – Company’s MD, Director appeared just before the CBI.

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