Indian Stock Market – Exploring Lucrative Investment Prospects on October 3, 2024
Check These Stock Trending In The Stock Market
BSE Ltd
- Financial Services | Mid Cap
- Rs.4112.90/-
Reliance Industries Ltd
- Energy | Large Cap
- Rs.2852.50/-
HDFC Bank Ltd
- Financial Services | Large Cap
- Rs.1700.30/-
Angel One Ltd
- Financial Services | Small Cap
- Rs.2758.80/-
Tata Motors Ltd
- Consumer Cyclical | Large Cap
- Rs.933.05/-
ICICI Bank Ltd
- Financial Services | Large Cap
- Rs.1250.80/-
One 97 Communications Ltd
- E-Commerce/App based Aggregator | Mid Cap
- Rs.735.60/-
Larsen & Toubro Ltd
- Real Estate | Large Cap
- Rs.3532.10/-
Axis Bank Ltd
- Financial Services | Large Cap
- Rs.1189.45/-
Infosys Ltd
- Technology | Large Cap
- Rs.1897.05/-
Tata Steel Ltd
- Industrials | Large Cap
- Rs.167.76/-
National Aluminium Company Ltd
- Basic Materials | Mid Cap
- Rs.220.85/-
Bajaj Auto Ltd
- Consumer Cyclical | Large Cap
- Rs.11873.50/-
Polycab India Ltd
- Technology | Large Cap
- Rs.7352.90/-
Vedanta Ltd
- Basic Materials | Large Cap
- Rs.514.60/-
Trending Top Stories in The Indian Stock Market on October 3, 2024
1. Dr Reddys Laboratories partners with Gilead Sciences for manufacturing and marketing HIV drug Lenacapavir in India and 120 countries globally.
2. Dilip Buildcon sells its stake in Bangalore Malur Highways and Malur Bangarpet Highways to Alpha Alternative Holdings for Rs 236.3 crore.
3. Mahindra explains why there is no truth to reports over ceasing production from Chakan to Gujarat; company says it has no intention of moving any production line.
4. Quick Heal Technologies has launched Al-based fraud prevention solution AntiFraud.Al on multiple platforms at an introductory price of Rs 750/year.
5. The BSE shares surged by 8% after IIFL Securities were publishing a report on the new F&O norms that will weaken NSE more than BSE.
6. Investec raised the target price of Angel One’s share at Rs 3000, maintaining a buy rating, after SEBI’s new F&O regulation.
7. BSE shares rise 7.6% after SEBI announces lenient F&O norms, nearing record high of ₹4,200.
8. Dabur India shares face multiple downgrades in the form of Citi’s Sell call and target price revisions on weaker than expected Q2.
9. Transformers and Rectifiers (India) Ltd bags Rs 565 crore order from Power Grid Corporation for transformers and reactors to be supplied by FY 2025-26.
10. Adani Ports and SEZ Q YoY growth in cargo volumes, up at 37.5 MMT in September 2024 on a year on year basis, container cargo grew by 31%.
11. YES Bank Q2: 18.3% y-o-y for deposits; advances up by 13.1% y-o-y; liquidity coverage ratio 131.9%.
12. It has upgraded KPIT Technologies to ‘overweight’ with a target price of *2,000, which promises an upside of nearly 20%.
13. Rating on Cipla upgrades the position to ‘overweight’ with a target price of 1,165. The figure promises nearly 30% upside.
14. Real Eco-Energy declares 1:5 stock split; each equity share of Rs 10 will be divided into 5 shares of Re 1 each.
15. HSBC raises ITC target to Rs 580 from Rs 480; maintains Buy rating as tax stability and prospects remain good.
16. KPI Green Energy’s subsidiary gets approval for 5 MW solar power project, further strengths the portfolio in green energy end.
17. BSE stocks surged by almost 10% to a record after SEBI proposed soft F&O norms applicable between November 2024 to April 2025.
18. Tata Power closes in on the deal of merging two subsidiaries with TPREL to increase its share of renewable and work better.
19. Alembic Pharmaceuticals received USFDA approval for its Lamotrigine Extended-Release Tablets, which are estimated to have a market value of $163 million in the year ended June 2024.
20. ITD Cementation India Ltd secures Rs 1,937 cr order for multistoried commercial building in Uttar Pradesh; stock jumps 20%.
21. Ola Electric announces its Biggest Ola Season Sale: Starting at Rs 49,999, the S1 scooter with great deals.
22. Punjab National Bank reports 12.09% YoY growth in global business and 11% rise in deposits in Q2 FY24.
23. Biocon Biologics refinances its $1.1 billion long-term debt through bonds and a new syndicated debt facility to improve liquidity and financial flexibility.
24. Nomura initiates Buy rating on Jindal Steel & Power with a target price of Rs 1,200, citing capacity addition and cost reduction potential.
25. Godawari Power and Ispat to carry out a 1:5 stock split, for which October 4 has been scheduled as the record date among shareholders.
26. Titan’s share price likely to rise in next 15 days, says Morgan Stanley at 80% probability, keeps equal weight, target price Rs 3,570.
27. Reliance Infrastructure’s new subsidiary to build 1.2 GW solar and hydropower projects in Bhutan: The Reliance Enterprises will develop the two projects with Druk Holding.
28. THDC India Limited, a subsidiary of NTPC, signs MoU with Rajasthan government for 1,600 MW pumped storage projects.
29. Hindustan Zinc reports a 2% year-over-year rise in mined metal production to 256,000 tonnes in Q2 FY25.
30. SMS Pharmaceuticals receives EUGMP certification for its Visakhapatnam facility, confirming that the company is up to EU quality management standards for its Ibuprofen dossier.
31. Morgan Stanley upgrades JSW Steel to Overweight from Equal-Weight, raises target price to ₹1,150. Nomura initiates Buy with a target of ₹1,220
32. Morgan Stanley upgrades Tata Steel to Equal-Weight from Underweight, raises target price to 175 from €135.
33. Marico reports high single-digit revenue growth in Q2, with mid-single-digit volume growth in the domestic business and expectations for double-digit growth in H2.
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Source: Google Google News NSE BSE
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