Stock Market News: October 4 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on October 4, 2024

Check These Stock Trending In The Stock Market

Bajaj Finance Ltd

• Financial Services | Large Cap
• RS.7270.00/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.928.95/-

Trent Ltd

• Consumer Defensive | Large cap
• Rs.7356.25/-

Angel One Ltd

• Financial Services | Small Cap
• Rs.2639.50/-

KRN Heat Exchanger and Refrigeration Ltd

• Engineering | Small Cap
• Rs.476.90/-

Tata Steel Ltd

• Industrials | Large Cap
• Rs.165.50/-

Power Grid Corporation of India Ltd

• Utilities | Large Cap
• Rs.344.35/-

JAIPRAKASH Ventures Ltd

• Utilities | Small Cap
• Rs.19.70/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.2797.85/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1679.80/-

Reliance Power Ltd

• Utilities | Small Cap
• Rs.51.41/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.3880.10/-

Avenue Supermarts Ltd

• Rs.4793.05/-

ITD Cementation India Ltd

• Real Estate | Small Cap
• Rs.659.90/-

Varun Beverages Ltd

• Consumer Defensive | Large Cap
• Rs.577.40/-

ICICI Bank Ltd

• Financial Services | Large Cap
• Rs.1251.10/-

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Trending Top Stories in The Indian Stock Market on October 4, 2024

1. Overweight call continues on Bajaj Finance with a target of ₹9,000 as Morgan Stanley expects weak Q2 PAT.

 

2. Citi has assigned a BUY rating on Varun Beverages with the target price at Rs 800, citing growth opportunities in soft drinks and expanding geographic reach.

 

3. Geojit Financial Services going ex-date on October 7, 2024 for Rights Issue at Rs 50 with an entitlement ratio of 1:6.

 

4. Punjab National Bank records 11 per cent YoY growth in domestic business and floats QIP of 48.19 crore equity shares at Rs 103.75 each.

 

5. Shares of Reliance Industries dropped nearly 4 per cent on Tuesday as the market turned fairly volatile, as investor sentiments awaited soft earnings in upstream and petchem businesses for the rest of the quarters.

 

6. Shareholders of PTC India approved final dividend of Rs 7.80 per equity share for FY24.

 

7. Subsidiary Pinnacle Life Science of the company gets GMP compliance certificate by UK MHRA for its facility at Baddi, and that allows to explore the chances of export from its facility to the UK market.

 

8. The date for adoption of record date for subdivision of equity share and consideration of financial results of the company has been fixed as October 14, 2024 by Premier Polyfilm.

 

9. Mahindra & Mahindra had announced the launch of electric vehicle Mahindra ZEO 4W SCV targeting less than 2-tonne 4W SCV category.

 

10. LIC is seeking a minority share in a self-standing health insurer so as to have management influence but with no majority holding.

 

11. Flex Asepto business unit of Uflex to invest US$ 126 mn in new aseptic packaging plant in Egypt as it grapples with regional demand.

 

12. DLM board of Cyient clears acquisition of US-based entity via wholly-owned subsidiary Cyient DLM Inc.

 

13. Bajaj Finance posts Q2 FY25: AUM increases 29% to ₹3.74 lakh crores; the customer base crosses 92.09 million; new loans have grown by 14%.

 

14. Avenue Supermarts posts standalone revenue of ₹14,050.32 cr in Q2 FY25. This has grown by 14% year-on-year while its net profit has grown by 17.5% at ₹774cr.

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