July 25, 2024

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Market place Morning Notes For 18th June 2024

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Market place Morning Notes For 18th June 2024

Marketplaces managed to put up weekly obtain after formation of extensive legged doji with Nifty closing convincingly earlier mentioned the resistance of 23,400. With activation of channel breakout, the shopping for momentum is expected to speed up more, and Nifty could be positioned for crossing 24,600 in the coming months on the back again of quick masking. The Lender Nifty, which so considerably remained laggard, has also managed to near previously mentioned the psychological barrier of 50,000 mark, which could lead to further extension of momentum to 54,000 in the coming days.

Nifty 50 Chart

Shares to observe

Favourable Examine via

Adani Ent – Promoters boost stake by 2.02 pct to 73.95 pct.

Bharti Airtel – Prepays Rs. 79.04 bn substantial-value spectrum liabilities to Dot for 2012, 2015.

M&M – Options to start 13 new SUVs & 3 facelifts around 2024–30′.

Wipro – Extends partnership with Hanesbrands, partners with GBST.

Indigo – Marketplace share rose to 61.6 pct, amends arrangement with P&W for engine issues payment.

HAL – Defence Ministry challenges request for proposal to procure 156 mild combat helicopters.

RVNL – Emerges as least expensive bidder for a job well worth Rs. 1.60 bn of East Coastline Railway.

Paytm – In talks for a opportunity sale of enjoyment company, no binding settlement but.

Alembic – Will get last US Food and drug administration nod for Icatibant injection solitary-dose prefilled syringe.

BLS Intl – Arm to get 55 pct stake in Aadifidelis Solns for Rs. 1.90 bn.

Allcargo Terminals – May well CFS volumes jumped 2 pct YoY & up 3 pct Mom.

Jubilant Ph – Arm to invest USD 50 mn for PET Radiopharmacy network, to prepay USD 75 mn financial debt.

Godawari Power – Board approves buyback of up tο 1.64 pct stake at Rs. 1,400/sh.

Zomato – In original talks with Paytm to acquire its amusement organization, no binding settlement yet.

Detrimental Browse by way of

TCS – US courtroom imposes USD 194 mn penalty for trade secret misappropriation.

Biocon – US Fda problems 3 observation for API unit (web-site 6) at Visakhapatnam.

STL – EU imposes anti-dumping duty on optic fibre cables from India.

Zydus – US Food and drug administration classifies injectable producing device at Matoda as official motion indicated.

IIFL Fin – GNPA stood at 2.32 pct Vs 1.71 pct, disbursement declined 15.4 pct YoY.

Butterfly Gandhimati – MD Rangarajan Sriram resigns.

PTC India – ICRA downgraded credit score on NCD, Fund dependent term bank loan, industrial paper.

JM Fin – Receives an administrative warning letter from SEBI in its capacity as a service provider banker in relation to selected earlier public issuance of NCDs.

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