Market News

Raymond shares rise 4% after former BEL chief joins defence business

Raymond shares rose nearly 4% after the company appointed former Bharat Electronics Chairman and Managing Director Bhanu Prakash Srivastava as CEO of its defence business. The company expects his nearly four decades of experience in defence technologies and programme execution to strengthen its expansion into defence electronics, systems integration, aerospace and related engineering businesses.

Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy

Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its 'Buy' ratings on HAL, Bharat Electronics and Astra Microwave.

BEL To HAL: Defence Stocks In Focus After Rs 52,000-Crore DAC Approval — Check Target Prices

Motilal Oswal has maintained a positive stance on the defence space and reiterated Bharat Electronics as its top pick.

PM Modi inaugurates CG Semi chip plant in Sanand, Gujarat

Prime Minister Narendra Modi inaugurated India's third semiconductor manufacturing plant in Sanand, Gujarat, a significant stride in building a domestic chip ecosystem. This facility aims to bolster manufacturing, strengthen electronics supply chains, and reduce import reliance. Union Minister Ashwini Vaishnaw highlighted the rapid development of the sector, underscoring its national priority. Meanwhile, the Mumbai-Ahmedabad High-Speed Rail corridor is nearing completion, with an operational stretch anticipated in 2027.

IL JIN Electronics (India) hikes stake in its subsidiary - Ascent

South Korean shares rebound 6% but face second weekly loss

South Korean equities rebounded sharply on Friday, with the Kospi jumping nearly 6%, led by strong gains in heavyweight stocks like Samsung Electronics and SK Hynix. The recovery came after earlier losses driven by a global tech selloff and concerns that the AI-driven rally may be peaking.

Stock Alert: Mphasis, RailTel Corp, Ramco Systems, Texmaco Rail, Aster DM Healthcare

RailTel Corporation has secured a Rs 16.20 crore contract from the Haryana State Electronics Development Corporation for the management of the Haryana State Wide Area Network (HSWAN).

Stocks to Watch today: Adani Enterprises, Tata Motors PV, BPCL, Coal India

Stock to Watch today, July 3: Hindustan Zinc, Bajaj Housing Finance, LG Electronics India, PB Fintech, and Titagarh Rail Systems are among the top stocks to remain in focus today

LG Electronics India gets GST relief as ₹117 crore tax, penalty demand dropped

Shares of LG Electronics India Ltd ended at ₹1,563.00, up by ₹2.45, or 0.16%, on the BSE.

Samsung, SK Hynix shares crash up to 14% as Kospi’s massive bloodbath enters day 2

Samsung Electronics and SK Hynix shares plunged as much as 14% as South Korea’s Kospi extended its sharp selloff for a second day. The decline was triggered by renewed concerns over AI chip demand, excess capacity fears, and weak U.S. tech cues, raising questions over the sustainability of the rally.

MiPhi bets on memory products shortage to expand auto, electronics business in India

Flash storage maker MiPhi is capitalizing on the global memory chip shortage to secure lucrative deals in India's electronics and automotive sectors. The joint venture between Taiwan's Phison and India's Micromax is supplying high-density storage solutions, leveraging Phison's micro-controllers.

GNG Electronics hits the roof after forming pan-India distribution pact with Redington

GNG Electronics was locked in 5% upper circuit at Rs 656.15 after the company entered into a strategic pan-India distribution partnership with Redington.