4/11 DCX Systems | CMP: Rs 427.80| Shares ended nearly 13 percent higher after hitting a 52-week high of Rs 440 intraday.
The Rs 35,000 crore order from the state-owned petroleum and natural gas company is reported to be for Aramco's gas compression systems.
This is Godrej Properties' most successful launch ever in terms of the value and volume of sales achieved, the company said.
Further, Godrej Properties said it is the second launch with Rs 3,000 crore sales in the past three months.
10/11 Marico | CMP: Rs 602.60 | Shares fell 3 percent after CLSA issued a cautious outlook on the stock.
1/11 Benchmark indices- the 30-stock Sensex and the Nifty 50 fell sharply off their record highs, touched intraday to end the session near the on July 2. While Sensex hit a new record high as it neared the 78,000-mark, the Nifty 50 too ascended to its new peak, topping the 24,200-level. However, profit booking soon trickled in, pulling the two benchmarks off their highs amid high volatility, While heavyweights like HDFC Bank, L&T, Infosys and RIL rose, the gains were largely offset by a fall in other big names like ICICI Bank, Tata Motors, and Bajaj Finance. At close, tthe Sensex was down 34.74 points or 0.04 percent at 79,441.45, and the Nifty was down 18.20 points or 0.08 percent at 24,123.80.
2/11 Angel One | CMP: Rs 2,357 | Shares fell nearly 9 percent following the Securities and Exchanges Board of India's (SEBI) new circular that revised market intermediary charge mechanism. SEBI's new circular stated that Market Infrastructure Institutions (MIIs) like stock exchanges and clearing corporations should not give discounts based on turnovers. This revision can hit revenues for discount brokers as they earn a significant share of their revenues from such charges with their large base of retail customers and hence lower volume/ticket size. Angel One earned about Rs 4oo crore from these charges in FY24.
3/11 CSB Bank | CMP: Rs 381.50 | Shares jumped around 2 percent after the lender shared business update that showed strong growth in total deposits and gross advances for the June-ended quarter (Q1FY25). Total deposits marked 0.6 percent increase quarter-on-quarter (QoQ) to Rs 29,920 crore, while it was up 22.2 percent year-on-year (YoY) from Rs 24,476 crore. The bank's gross advances grew by 17.7 percent YoY to Rs 25,099 crore in Q1FY25 and 2.15 percent QoQ.
4/11 DCX Systems | CMP: Rs 427.80| Shares ended nearly 13 percent higher after hitting a 52-week high of Rs 440 intraday. This comes after the company received an order worth Rs 1,250 crore from L&T. Larsen & Toubro has awarded a contract to manufacture and supply of electronic modules within 3 years.
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5/11 Larsen & Toubro | CMP: Rs 3,623 | Shares rose 3 percent after the company bagged orders worth over $4 billion from Saudi Aramco for expansion of its gas projects. The Rs 35,000 crore order from the state-owned petroleum and natural gas company is reported to be for Aramco's gas compression systems. Saudi Aramco has planned a $110-billion Jafurah gas project in the eastern province. The L&T order is part of Saudi Aramco's $25 billion worth of contracts for engineering, procurement and construction (EPC) related works, issued on June 30 for two of its gas expansion programmes, reported Middle East business publication meed.com.
6/11 Godrej Properties | CMP: Rs 3,299 | Shares rallied over 4 percent after the company sold over 2,000 homes worth over Rs 3,150 crore at the launch of its project Godrej Woodscapes in Bengaluru, Karnataka. This is Godrej Properties' most successful launch ever in terms of the value and volume of sales achieved, the company said. Further, Godrej Properties said it is the second launch with Rs 3,000 crore sales in the past three months. With the successful launch of this project, Godrej Properties said the company has surpassed its full-year FY24 sales in South India within the first quarter.
7/11 TD Power Systems | CMP: Rs 371 | Shares surged around 3 percent after the company bagged an order worth $9 million from a US-based Original Equipment Manufacturer for gas turbine generators.
8/11 Info Edge | CMP: Rs 6,750 | Shares fell 3 percent after the company released JobsSpeak Index for June which reflected muted hiring activity. Hiring trends were down 8 percent on month as well as on year, slipping to a six-month low. IT and software hiring was also down 5 percent on year in June.
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9/11 Welspun Specialty Solutions | CMP: Rs 43.35 | Shares gained over 5 percent after the company received a contract worth Rs 117.17 crore for the supply of seamless stainless steel boiler tubes for NTPC's Talcher 2 x 660 MW supercritical thermal power project. The contract is expected to be executed by December 2024.
10/11 Marico | CMP: Rs 602.60 | Shares fell 3 percent after CLSA issued a cautious outlook on the stock. The brokerage highlights rising competition in urban India for Marico's oil portfolio, exacerbated by retailers' private and exclusive brands undercutting Marico's offerings. Additionally, other national and niche brands have positioned themselves at higher price points than Marico's products, impacting its market position. CLSA believes the company's growth potential has narrowed compared to previous periods. Furthermore, CLSA notes increased competition in the oats segment, contributing to its cautious outlook on Marico's performance.
