Stock market LIVE: Indices see-saw in trade; Rail, Media shares tumble; IT, FMCG hold fort | News on Markets

MTNL stock soars 19% as govt deposits Rs 92 cr to pay bond interest dues

In the past four trading days, the stock has zoomed 50% on reports that the government was considering the option of handing over operations of telecom company to Bharat Sanchar Nigam Limited (BSNL). READ MORE

ALERT :: Llyods Metals reports highest-ever quarterly iron ore production

Hi-Tech Pipes zooms 6% on achieving highest ever sales volume in Q1FY25

Hi-Tech Pipes shares rally: Shares of Hi-Tech Pipes soared as much as 6.68 per cent to hit an intraday high of Rs 158.90 per share on Thursday. 

The uptick in the stock price came after the company released its sales volume update for the June quarter of financial year 2025 (Q1FY25). Hi-Tech Pipes Ltd announced that it has achieved the highest sales volume in its history for Q1FY25. Read more

 

Wipro Q1 preview: Cost control to aid profit; top brass attrition in focus

Wipro, one of the leading India information technology company is set to report its first quarter financial results for the fiscal year 2024-25 (Q1FY25) on Friday, July 19. 

The IT major is expected to see a tepid June quarter with revenues estimated to slide on a year on year basis and net profits seeing a marginal rise. That apart, analysts say that there are some positives, too, for Wipro who is seeing continued cost controls and a strong deal pipeline. Read more

Just Dial zooms 15%; stock hits 9-year high on strong June quarter results

Shares of Just Dial hit a 9-year high at Rs 1,189.95, zooming 15 per cent on heavy volumes after the company reported a strong 69 per cent year-on-year (YoY) jump in its net profit at Rs 141.2 crore for the first quarter of fiscal 2025 (Q1FY25). India’s leading local search engine company had posted net profit of Rs 83.4 crore in the same quarter last fiscal.

The stock surpassed its previous high of Rs 1,162.65 touched on April 30, 2024. It was quoting at its highest level since July 2015. The stock had hit a record high of Rs 1,894.70 on August 5, 2014. Read more

Asian Paints stock falls 4% as brokerages cut target price after weak Q1

Paint industry behemoth Asian Paints reported a weak set of numbers in the June quarter of financial year 2025 (Q1FY25). Asian Paints missed Street estimates due to adverse conditions such as a heatwave and elections impacting demand, analysts noted.

According to reports, most of the international brokerages have slashed their target prices for Asian Paints stock following the weak performance in Q1FY25. Read more

RVNL, Angel One, Dixon, ITC, SBI: Strategies for Budget 2024 stocks

Equity markets have been on a roll post the re-election of Narendra Modi-led National Democratic Alliance (NDA) to power in the national elections in June 2024. The Sensex and Nifty have scaled record high levels, and are up around 15 per cent from the panic low hit on June 04, 2024.

One of key factors driving the market rally has been expectations of reforms continuity by the government and strong economic growth. Read more

Are global financial markets ready for Trump trade? What analysts say

Stock market impact from Donald Trump policies: From higher import tariffs, trade restrictions with China, possible scrapping of Joe Biden’s policies on renewable energy and electric vehicles (EVs), Donald Trump, according to reports, has made his intent clear on what he plans to do in case he gets elected to the White House later this year.

As a sign of continuity at the US Federal Reserve (US Fed), however, Trump, reports suggest, wants Jerome Powell to continue till his term ends. Read more