Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Stocks to Buy: This auto parts maker is already up 137% from its IPO price and HSBC sees further upside
Belrise's proposed ₹2,000 crore qualified institutional placement (QIP), if approved, would provide sufficient financial flexibility for future capacity expansion and potential inorganic growth opportunities, HSBC's note said.
Jefferies raises target price of auto ancillary stock that's venturing into aerospace
Jefferies has increased its target price for Belrise Industries to Rs 250, maintaining a positive outlook. The auto component maker is experiencing strong earnings growth and securing new orders. Belrise is also expanding its global presence in aerospace and defence sectors. This strategic diversification is expected to drive future growth and profitability for the company.
Momentum Stocks: NOCIL, EPack Durables, Spacenet Enterprises gain up to 13% on sheer momentum
Kirloskar Oil, Aegis Logistics, New India Assurance, GNFC, HFCL, Aditya Birla Sun Life AMC, Belrise Industries, AIA Engineering, Aditya Birla Capital, Sona BLW, Syrma SGS, among others hit 52-week high.
Taking Stock: Bulls back in action; Nifty closes above 24,100, Sensex gains 291 pts
More than 200 stocks touched their 52-week high on the BSE, including Kirloskar Oil, Aegis Logistics, New India Assurance, GNFC, HFCL, Aditya Birla Sun Life AMC, Belrise Industries, AIA Engineering, Aditya Birla Capital, Sona BLW, Syrma SGS, Leela Palaces, Cemindia Projects, RBL Bank, Bharat Forge, among others.
Momentum Stocks: A B Infrabuild, Art Nirman, Chamunda Electricals rise up to 12% on sheer momentum
Emcure Pharmaceuticals, Belrise Industries, Minda Corporation, Pidilite Industries, Adani Enterprises, Aditya Birla Capital, Syrma SGS Technology, Federal Bank, AU Small Finance Bank, Navin Fluorine International and ACME Solar Holdings, hit new one-year highs