The stock market is always buzzing with activity, and today is no different. Here are some of the latest updates from the market:
1. InCred Equities has downgraded Adani Ports and Special Economic Zone stock to a ‘reduce’ from a ‘hold’ earlier due to the steep valuation of the stock.
2. Shares of ixigo parent company, Le Travenues Technology Limited, opened at ₹135 apiece on the BSE after a dream debut on Dalal Street.
3. Several stocks hit their 52-week low today, including Shubhlaxmi Jewel Art, POPULAR VEHICLES AND SERVICES ORD, QUEST LABORATORIES ORD, and MIDSMALL ETF-B.
4. On the other hand, stocks like Bosch, Samvardhana Motherson International, Mahindra & Mahindra, Cipla, and Tube Investments Of India hit their 52-week high today.
5. Devina Mehra of First Global believes that the Indian stock market is not in a bubble zone and is still below the long-term trendline.
6. Multibagger HFCL stock surged 10% as the European Commission exempted the company from anti-dumping duties.
7. Minda Corporation, a top pick of the week by Axis Securities, saw a surge in stock price with strong EV order wins and EBITDA margin improvement.
8. Ruchit Jain of 5paisa recommended buying LIC Housing Finance Ltd and Indian Hotels Company Ltd today.
9. Gold and silver prices today saw 10 gm of 24-carat gold at ₹73,519 in Delhi and 1 kg of silver at ₹88,010 in Delhi.
10. ixigo share price made a stellar debut, opening at ₹138.10 on NSE and ₹135 on BSE, higher than the issue price of ₹93.
These are just a few of the highlights from today’s market activities. Stay tuned for more updates on your favorite companies and sectors.
