MARKET OVERVIEW :
Currency Market Overview February 20, 2024
Stock Market LIVE Updates | Nifty 50 hovers around 22,100, Infosys, Reliance top contributors towards its downside.
- Stock Market LIVE Updates | Waaree Renewable Technologies Gets LoA Worth Rs 990.6 Crore For Execution Of EPC Solar Power Plant Of 980 MWp/700 MWac
- Stock Market LIVE Updates | Ramkrishna Forgings Bags @220 Million Contract To Supply To Light Vehicle Segment Across North America
- Stock Market LIVE Updates | Banks Off Lows, Nifty Bank Recovers Over 500 Points From Intra-Day Lows
Stock Market LIVE Updates | Indian benchmark indices Nifty 50 and Sensex opened near the flatline today and are currently trading lower. L&T, Whirlpool, Kotak Mahindra Bank, Deepak Fertilisers, Mining stocks, CIE Automotive, NBCC, ONGC, Piramal Enterprises, Angle One, are among the stocks in focus today.
Stock Market LIVE Updates | Cholamandalam Investment And Finance Drops Over 3% As Nomura Initiates Coverage With 11% Downside
Cholamandalam Investment and Finance Ltd shares dropped more than 3% in morning trade on Tuesday after global brokerage Nomura initiated coverage on the stock with a ‘Reduce’ rating due to several factors such as valuation concerns, moderating growth, increasing cost of funds and lower profitability expectations. The global brokerage house has set a target price of ₹1,000 per share, which implies a potential downside of nearly 12% from Monday’s closing levels.
Stock Market LIVE Updates | Tourism Finance Corp Gains 5% After Over 13% Equity Worth Rs 248 Crore Changes Hands
Tourism Finance Corporation of India Ltd shares gained 5%, to hit the upper circuit limit on BSE on Tuesday, February 20 after around 1.18 crore of its shares worth ₹248 crore traded in block deal. According to stock exchange data, around 1.18 crore shares of the company representing around 13.05% equity stake changed hands at a price of ₹210 per share.
Stock Market LIVE Updates | Vibhor Steel Tubes Shares List At 181% Premium To IPO Price
Following a bumper response, the shares of Vibhor Steel Tubes debuted on the exchanges with a premium of 181% on Tuesday, February 20. The stock was listed at ₹421 on BSE as against an offer price of ₹151, a premium of 178.8%. Meanwhile, on NSE, the stock listed at a premium of 181.46% at ₹425. Multiple factors contributed to the robust listing. Vibhor Steel boasts a diverse product portfolio catering to various sectors. The company also possesses a well-established distribution network across the country, ensuring product accessibility.
Stock Market LIVE Updates | Deepak Fertilisers Gains On Entering 15-Year LNG Contract With Norwegian Giant – Equinor
Deepak Fertilisers shares are in the green after two days, up 7.4%. The company entered into a 15-year LNG contract with Norwegian Giant – Equinor. With this tie-up, the company has strengthened its value chain with an attractive, long-term LNG contract to solidify its value chain from Gas to Ammonia to various downstream fertilisers, Industrial Chemicals and Mining Chemicals. The agreement is for annual supplies of up to 0.65 million tonnes over a period of 15 years starting 2026. The stock has fallen 17.13% in the past year.