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Stock Market LIVE: MidCap, SmallCap indices log gains, breadth positive; Sensex down 200 pts | News on Markets

12:48 PM

Tata Elxsi falls 3% as analysts caution on high valuation, near term risks

According to analysts, Tata Elxsi’s revenue growth was led by ramp-up of deals in the transportation vertical but was offset by softness in the media and communication. READ MORE

12:39 PM

Foreign currency account usage widens at GIFT City, boosts biz prospects

Indians have been allowed wider usage of foreign currency accounts at the Gujarat International Finance Tec-City, or GIFT City, boosting business prospects for a finance hub pushed by Prime Minister Narendra Modi. READ MORE


11:57 AM

KCP Sugar stock zooms 17% on strong June quarter results; profit jumps 76%

Shares of KCP Sugar zoomed as much as 16.61 per cent to hit an intraday high of Rs 52.99 per share on Thursday, July 11. The uptick in share price came after the company reported a strong set of June quarter results (Q1FY25). READ MORE

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11:46 AM

Satin Creditcare up 4% on securing 15 million euro debt funding from OeEB

This transaction marks Satin Creditcare’s third partnership with OeEB, building on successful collaborations in 2019 and 2021, which together raised a total of $20 million. READ MORE

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11:33 AM

Shipping stocks zoom up to 19%; SCI, GE Shipping hit record high. Check why

The rally in share prices of shipping companies comes amid various news flow around the sector. First, a TV channel has reported that the government is considering major proposals for the shipping sector in the upcoming Union Budget 2024. READ MORE

11:02 AM

Sula Vineyards stock price gains on highest ever Q1 revenue of Rs 130 crore

“We are pleased to announce our highest ever Q1 Net Revenue, although wine consumption and tourism during the quarter were impacted by several dry days nationwide and locally during the Lok Sabha elections and the scorching heatwave conditions,” said Rajeev Samant, CEO, Sula Vineyards. READ MORE

10:45 AM

Glenmark Pharma shares slide on plans to divest stake in Glenmark Life

Under the terms of the share purchase agreement, Nirma had acquired 91.9 million equity shares, making it the promoter of GLS. The acquisition involved 75 per cent of the current issued and paid-up equity share capital of GLS from Glenmark Pharmaceuticals. READ MORE

10:26 AM

YES Bank stock rallies 8% on Moody’s rating upgrade to ‘positive’

At 09:35 am; YES Bank was trading 6.6 per cent higher at Rs 26.61, as compared to 0.01 per cent decline in the BSE Sensex. The counter saw huge volumes, with a combined 257.52 million shares changing hands on the NSE and BSE. READ MORE

10:15 AM

TCS share price zooms ahead of Q1FY25 results; key things to watch

The Indian IT giant is expected to report a single-digit growth in its topline and bottomline for (Q1FY25). The growth is led by recovery in the flow business and clients’ willingness to resume discretionary spending, however, wage hikes will be negatively impacting its margins, analysts said in their preview notes. READ MORE

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