News

The shares of the Tata Group’s Tata Investment Corp surged by over 10% on Tuesday.

KNR Construction has secured an EPC contract worth ₹459 crore for the development of multi-level flyovers and roads in Telangana.

The Axis Max Life High Growth Pension Fund has been launched by Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company.

The new product is an equity-oriented, actively managed pension fund designed to assist clients in increasing their retirement assets by investing in mid-cap, high-growth businesses.

Remsons Industries has acquired an 80,000 square feet property in the Delhi-NCR region, with an expected revenue potential of ₹900 crore by 2030.

Metal stocks rose on Tuesday, September 23, supported by a stronger demand outlook, expectations of price hikes, and supply cuts in China.

JSW Steel hit a fresh 52-week high of ₹1,148, while Tata Steel also reached a new 52-week peak at ₹173.81.

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Shares of Gujarat Mineral Development Corporation (GMDC) rose to 13% on Tuesday, September 23, reaching a record high.

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Marksans Pharma’s subsidiary has received marketing approval in the UK for Moxonidine tablets (200 mg and 400 mg), a medicine used to treat high blood pressure.

Shares of Emkay Global Financial Services surged 19.78% from the previous close of ₹315.57, trading at ₹378.00 as of September 23, 14:11 IST.

The company’s market capitalisation stands at ₹958.87 crore.

Emkay Global, an NSE-listed stock, saw a traded volume of 32,14,742 shares. Over the past five trading sessions, the stock has gained 57.02%.

The Nifty Metal Index has surged by over 1%, leading the chart of sectoral indices.

The shares of GMDC extended its gains to 11%, hitting the record high mark

Cochin Shipyard Signs MoU With HD Korea For Long-term Shipbuilding Collaboration

JM Financial’s Lead BFSI Research Analyst, Ajit Kumar, said the firm favours banks over non-banking financial companies (NBFCs) and large-cap stocks over mid-caps.

The preference is for companies with reasonable valuations and minimal asset quality risk.

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In an affidavit submitted to the Bombay High Court, the Securities and Exchange Board of India (SEBI) requests that the 2009 family agreement that split the Kirloskar Group firms among Sanjay Kirloskar, Atul Kirloskar, and Rahul Kirloskar be disclosed.

Four listed Kirloskar companies, supported by Atul and Rahul Kirloskar, filed an appeal challenging SEBI’s rules requiring disclosure under the Listing Obligations and Disclosure Requirements (LODR), but the market regulator is rejecting it.

Sanjay Thapar, Group CEO and Executive Director, SJS Enterprises

Tata Motors’ UK-based luxury unit, Jaguar Land Rover (JLR), announced on Tuesday, September 23, that it will continue its production halt until October 1.

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As soon as Navi Mumbai International Airport (NMIA) opens, Air India will begin operating commercial flights from the airport, the company said on Tuesday. Adani Airport Holdings Ltd. is in charge of developing the airport.

The Nifty PSU Bank surged by over 1%.

Metal stocks recovered from their intraday lows, with JSPL and JSW Steel both rising 3% from the day’s low.

Shares of MRF hit an all-time high on Tuesday, September 23, after the company clarified to stock exchanges that a news report about a strike disrupting production at its Tiruvottiyur plant in north Chennai was inaccurate.

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According to Rajiv Batra, Head of Asia and Co-Head of Global Emerging Markets Equity Strategy at JPMorgan, India needs to overcome three obstacles before foreign investors return in a significant way: a thaw in US-Indian relations, a resurgence in profits growth, and the upcoming wave of legislative reforms.

These are the Top Midcap Gainers of the day

Here are the major double-digit gainers of the day.

The share price of JSW Steel surged by over 2% on Tuesday.

The shares of Hindustan Construction surged after the company secured ₹2,566 Cr contracts for Patna Metro Project

 Sacchitanand Uttekar of Tradebulls

Buy Bajaj Finance for a target price of ₹1,062 with a stop loss of ₹1,010

Buy Indusind Bank for a target price of ₹780 with a stop loss of ₹732

Vinay Rajani – Sr Technical and Derivative Analyst, HDFC Securities

Sell Cipla for a target price of ₹1,495 with a stop loss of ₹1,555

Buy Samvardhana Motherson for a target price of ₹160 with a stop loss of ₹108

JPMorgan To CNBC-TV18

In an effort to facilitate cross-border transactions for Indian companies, Cashfree Payments, an Indian payments provider, was among the first fintechs in India to allow Apple Pay compatibility for foreign cards. It is anticipated that the action will lower payment drop-offs by as much as 75% for retailers operating in high-intent international areas, including the US, UK, UAE, Canada, and Europe.

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