The stock market is abuzz with activity today, with several key updates that investors need to be aware of. Here are some of the latest market news updates for today:
1. Electric Vehicles in India: The electric vehicle sector in India is gaining momentum, with trillions of dollars being invested in the ecosystem. This is good news for investors, as there are seven stocks that could benefit from the recent announcement of more local components in EV manufacturing.
2. Indian Rupee Stability: The Indian rupee hit an all-time low against the dollar, raising concerns among traders. The rupee is expected to weaken further, potentially reaching new record lows this week.
3. Just Dial Share Price: SBI Securities expects a 14% upside for Just Dial share price, making it their pick of the week. The stock has risen 66% in the last year, providing handsome returns to investors.
4. Monarch Networth Capital: The small-cap stock has declared a 1:1 bonus shares after fixing a record date for a 10% final dividend. This is good news for investors in the multibagger stock.
5. PI Industries: The agrochemical stock has seen a 5% jump in its share price to a record high. Axis Securities is bullish on PI Industries and has named it their pick of the week.
These are just a few of the updates from today’s market wrap-up. Stay tuned to Mint’s market blog for real-time updates on your favorite companies and all things Dalal Street and global markets.
