Latest Market News Today Live Updates June 26, 2024: Prince Pipes stock gains over 7% as Nuvama reiterates ‘buy’ call, says company positioned for strong growth

• Shares of Prince Pipes and Fittings soared 7.5 percent in intra-day deals after brokerage house Nuvama reiterated its ‘buy’ call on the stock with a target price of ₹830, implying an upside of almost 24 percent.

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• Akme Fintrade’s listing in the trade-to-trade category means that buying and selling the stock on the same date is not possible, say experts

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• Amara Raja’s stock gained 43% in June and 108% YTD, reaching a record high. The company’s partnership with Gotion for Li-ion cell technology is expected to boost its position in the EV battery market, especially for electric passenger vehicles.

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• Stocks to Buy: Shriram Finance Limited, Tega Industries, Triveni Turbine , Birla Corporation , Asian Paints , PNC Infratech ,eMudhra , APL Apollo , Dr. Lal Pathlabs , Jubilant Foodworks are the top 10 high conviction Buy ideas by Centrum Broking. Check details

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• Medicamen Organics IPO share allotment to be finalised today. Check status on Kfin Technologies Ltd portal. IPO subscription oversubscribed at 993.56 times. Refund process for non-allotted applicants starts June 27. Listing date scheduled for June 28.

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• Olectra Greentech stock has consolidated near the ₹1,750 – 1,800 zone and currently has indicated a triangular pattern breakout on the daily chart moving past the important 100 period MA to improve the bias, analyst said.

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• Stock market today: Sensex, Nifty 50 at record high; Bank Nifty crosses 52,900 for the first time.

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• Stanley Lifestyles IPO GMP was at ₹163, indicating a likely listing at ₹532, a 44.17% premium. Investors can check allotment status via BSE or Kfin Tech.

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• Dee Development Engineers shares listed on BSE and NSE at a bumper premium and touched an intraday high of ₹365.70 apiece on BSE and NSE

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• Following shares hit their 52 week low today – Ascom Leasing & Investments, Future Supply Chain Solutions, Sarthak Metals, Suumaya Industries

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• Following shares hit their 52 week high today – Samvardhana Motherson International, ICICI Lombard General Insurance Company, Grasim Industries, ICICI Bank, Axis Bank

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• GEM Enviro Management’s shares debuted at ₹142.50 on BSE SME, 90% premium over the issue price. IPO valued at ₹44.93 crore, received solid response with 265 times subscription rate.

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• Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends these three stocks today – Multi Commodity Exchange of India Ltd (MCX), Birlasoft Ltd, and HDFC Asset Management Company Ltd (HDFC AMC).

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• Surana Telecom and Power, a former penny stock, has surged by 796% in the past 4 years, showcasing strong value appreciation and potential for high returns. Despite volatility, the stock has consistently delivered positive returns, demonstrating resilience and performance.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.73532.0 in Delhi whereas 1 kg of silver was Rs.88690.0 in Delhi.

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• Mazagon Dock Shipbuilders’ shares surged by nearly 7.5% to an all-time high of ₹4,271 following the approval of Navratna status by the Department of Public Enterprises. Navratna status grants enhanced financial autonomy to public sector enterprises in India.

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• Falcon Technoprojects share price opened at ₹84, which is 8.7% lower than the issue price of ₹92.

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• Vraj Iron and Steel IPO GMP: Shares of the sponge iron manufacturer company are available at a premium of ₹54 in the grey market today, say market observers

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• Durlax Top Surface share price listed with a strong 60% premium at ₹190 on the NSE SME on Wednesday. The issue had opened for subscription on Wednesday, June 19 and closed on Friday, June 21

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• DEE Development shares were listed at ₹339 apiece, a premium of 67% to the issue price of ₹203 per share.

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• Akme Fintrade share price opened at ₹127 per share, 5.83% higher than the issue price of ₹120, on NSE.

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• IIFL Securities has assigned a ‘Buy’ rating to PNB Housing Finance shares and a 12-months target price of ₹1,050 per share, implying an upside potential of more than 34% from Tuesday’s closing price.

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• Stocks to buy today: Experts have recommended buying these five buy-or-sell stocks — Axis Bank, GRSE, IndiGo, Havells India, and DLF

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• Rivian shares surged 8.6% on Tuesday and 49.9% to $17.93 in after-hours trading, lifting the company’s market value by nearly $6 billion.

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• Allied Blenders and Distillers IPO got off to a slow start with 51% subscription on day 1. Company aims to reduce debt with funds raised. Experts suggest long-term investment due to lower valuation compared to competitors and potential for improved profitability.

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• Nvidia shares ended 6.8% higher at $126.09 apiece on June 25 after losing 13% from June 18 close of $135.58. The drop followed a rally in Nvidia shares seen after a 10-for-1 stock split that took effect on June 10.

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• Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Apollo Tyre, L&T Finance, and Arvind Fashions

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• The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,705 level, a discount of nearly 25 points from the Nifty futures’ previous close.

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• Indian stock market: Gift Nifty was trading around 23,700 level, a discount of nearly 30 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.

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• Akme Fintrade IPO GMP suggests that Akme Fintrade IPO listing price would be around ₹137 apiece, say market observers

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• Weekly stock picks: Brokerage firm Motilal Oswal recommends three stocks to buy this week – Escorts, IDFC First Bank, and Indian Hotels

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• GNFC, Indus Towers, PNB, and SAIL are the stocks on the NSE’s F&O ban list for June 26. No new positions are allowed when the stock exchanges place F&O contracts in a particular stock in the F&O ban period.

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• DEE Development Engineers IPO GMP suggests that DEE Development Engineers IPO listing price would be around ₹297

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