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Shares of Atlanta Electricals Ltd. debuted on September 29 at ₹858.10, nearly 14% above its IPO price of ₹754, following strong investor subscription to the nearly ₹700 crore issue. here

Shares of Ganesh Consumer Products Ltd. debuted on September 29 at ₹296, down 8.4% from the IPO price of ₹322, following a tepid response to its three-day IPO aimed at raising over ₹400 crore. here

Market Watch: Dharmesh Kant, Head-Research, Chola Securities

On FMCG:

BEL, Eternal, Sun Pharma, Wipro and Titan are amongst the top gainers at Nifty50 at this hour of trade.

MGMT TO CNBC TV 18 – 26 SEP 

Shares of Indian Railways Finance Corp Ltd. rose up to 2% on September 29 after the company sanctioned three loans totaling ₹20,028.51 crore over the weekend, including ₹12,640 crore to Chhattisgarh State Power Generation Company, ₹3,388.51 crore to NTPC subsidiary PVUNL, and ₹4,000 crore to Talcher Fertiliser. here

As Nifty rises to the 24,750 mark, here are the top Nifty 50 contributors.

EPack Prefab Technologies will finalise the share allotment for its ₹504 crore IPO on September 29, following strong investor demand. The issue included a ₹300 crore fresh issue and a ₹204 crore offer-for-sale of 1 crore promoter shares, with subscriptions open from September 24 to 26. here

Shares of HDB Financial Services fell over 1% on September 29 as the company’s three-month shareholder lock-in period ended. Around 2.28 crore shares, or 3% of its outstanding equity, became available for trading. here

Sanjiv Kumar Singh, CMD, Hindustan Copper, speaks to CNBC-TV18

Reliance Power has sold its Indonesian coal subsidiaries to Biotruster, Singapore, for $12 million.

OMCs are higher on strong government support, operational focus & diesel crack gains

Tata Motors up 1% as the British Government announces to back JLR with £1.5 billion loan.

Wockhardt up 5% after White House says countries with existing trade deals with the US are exempt from pharma tariffs.

Jain Resource Recycling will finalise the share allotment for its ₹1,250-crore IPO on September 29. The mainboard IPO was oversubscribed 15.9 times, receiving bids for 49.67 crore shares against 3.12 crore shares on offer. The IPO was open from September 24 to 26. here

Shares of Hindustan Unilever Ltd. fell up to 2% on September 29 after the company reported that its consolidated business growth for the September quarter is expected to be flat to low single digits year-on-year. here

On IT Stocks

Last time we had HCLTech, for example, trading at 5% free cash flow. We are at more than 5% right now so I think that’s very attractive. Tata Consultancy Services (TCS) again, 4.5% dividend yield, very attractive in my mind, we are expecting significant margin expansion and an acceleration of revenue growth for TCS to drive a re-rating over the next 12 months. That is our top pick for now – TCS, and among the mid-caps, we like Persistent Systems and L&T Technology Services.

The shares of the public-owned defence company BEL surged after the company bagged a ₹30,000 crore order from the Indian Army.

Fabtech Technologies, an EPC-Pharma company, will open its ₹230 crore IPO for subscription on September 29, closing on October 1. The price band is ₹181–₹191 per share, with a complete fresh issue of 1.2 crore equity shares. Investors can bid in lots of 75 shares, starting at a minimum investment of ₹14,325. here

The HUL shares fell over 2% after Business update on Q2.

Vascon Engineers up 12% after the company signs an MoU for a 5-year partnership with Adani Infra to increase revenue by 30% annually.

Sammaan Capital shares are up 5% after getting out of the F&O ban.

Azad Engineering up over 3% after co bags ₹651 cr supply contract from  Mitsubishi Heavy

Market opens higher, Nifty above 24,700

SEPC has secured an order worth ₹32 crore from Avenir International Engineers, Abu Dhabi, for various ADNOC projects.

Sudarshan Sukhani, Technical Trends

Buy RBL Bank with a stop loss of ₹266

Buy Infosys with a stop loss of ₹1,400

Sell JSW Energy with a stop loss of ₹531

Sell RVNL with a stop loss of ₹346

Mitessh Thakkar, Bonanza Portfolio

Buy Larsen and Toubro for a target price of ₹3,820-3,830 with a stop loss of ₹3,685

Buy HPCL for a target price of ₹435 with a stop loss of ₹416

Sell Biocon for a target price of ₹324 with a stop loss of ₹345

Sell 360 One Wam for a target price of ₹960 with a stop loss of ₹1,022-1,023NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.