Market News
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MF Picks: 13 stocks surge up to 230% in just 3 months; 3 turn multibaggers
Thirteen BSE 500 stocks surged 60%–230% in just over three months after mutual funds increased their holdings in the March 2026 quarter, with HFCL, Cemindia Projects and Aditya Infotech emerging as multibaggers.
Trent loses Rs 13,000 crore in market value: Why investors are hitting the sell button - India Today
Trent loses Rs 13,000 crore in market value: Why investors are hitting the sell buttonIndia Today
Key factors why Emkay has cut its exposure to large private and PSU banks down to 'zero'
Emkay believes that largecap bank valuations are still above the fair-value zone, despite the multi-year de-rating that the sector has gone through. Therefore, it remains cautious on the space, as the market continues to extrapolate past some of the hyper growth, despite the structural downward shift in growth.
India's Semicon 2.0: Government expands incentives for semiconductor ecosystem beyond fabrication
India is finalizing Semicon 2.0, expanding incentives beyond chip fabrication. This new phase will support the entire semiconductor value chain. It will also strengthen incentives for chip design startups and material suppliers. Building a domestic supply chain is central to India's semiconductor strategy. This initiative aims to reduce import dependence and enhance resilience.
Scorching summer puts ACs in the driver's seat for Q1 consumer durables sales: Report
The consumer durable sector anticipates a robust first quarter in fiscal year 2026-2027. Strong summer demand and a favorable base are expected to drive significant sales growth. Room air conditioners are projected to lead this expansion with substantial value increases. Washing machines and televisions will also see healthy growth supported by price adjustments. Despite operational challenges, the sector's financial performance is showing signs of recovery.
Nifty trades above 24,500 level; consumer durables shares in demand
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 315.17 points or 0.40% to 78,600.64. The Nifty 50 index rose 89.25 points or 0.37% to 24,519.60.
Varun Beverages' Kenya arm to acquire DFIL Kenya's dairy, juice and packaged water business for $32 million
Varun Beverages (VBL) has announced that its subsidiary, VBL Industries (Kenya), has entered into an agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) (DFIL Kenya).
Recently listed Waterways Leisure Tourism shares rise nearly 6% after announcement of stock split move
Waterways Leisure Tourism's share price rose nearly 6% on July 7 following the announcement of a board meeting on July 10 to discuss a stock split of its ₹10 shares, aiming to enhance liquidity while keeping shareholder value unchanged.
This railway PSU stock surged 8% after bagging a multi-million dollar order; Details here
Shares of RITES are trading 8.1 higher on Tuesday at ₹233.76 after the order win announcement. The stock is the top gainer on the Nifty 500 index today. The stock had made a record high of ₹413.08 on February 27, 2024, from which it has declined over 40%.
Waterways Leisure climbs as board to mull stock split proposal
Waterways Leisure Toursim jumped 3.94% to Rs 791.05 after the company announced that its board will meet on 10 July 2026 to consider a proposal for the sub-division of the face value of its equity shares.
Rs 18,000 crore crash in Trent shares explained, and should you buy the dip
Trent shares fell sharply on Tuesday, erasing nearly Rs 18,000 crore in market value, after its Q1 revenue growth of 19% missed Street estimates. While weak store productivity and slowing expansion raised concerns, most brokerages remain bullish, calling the slowdown seasonal, though Citi warns of structural challenges and intensifying competition.
India's Trent sheds $1.56 billion in market value as revenue miss raises growth concerns - Reuters
India's Trent sheds $1.56 billion in market value as revenue miss raises growth concernsReuters