Latest Market News Today Live Updates June 28, 2024: Multibagger: Penny stock Inox Wind soars 1324% in 4 years; what should investors do now?

• Inox Wind has surged by 1324% over four years and experienced volatility recently. Axis Securities initiated coverage with a ‘buy’ rating, projecting a target price of ₹185 per share.

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• Multibagger Stock: Over the past 13 months, Kalyan Jewellers share price has shot up by 385%, providing investors with multibagger gains. Kalyan Jewellers share price opened at an intraday low of ₹481 apiece on BSE.

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• Godrej Properties share price has given decent returns as the stock is up more than 15% in one month and over 59% year-to-date (YTD). Godrej Properties shares have rallied more than 102% in the past one year.

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• Stocks To Buy: Eicher Motors, Tata Motors, Mahindra & Mahindra, Ashok Leyland are Ambits picks in Automobiles sector. Ambit has initiated coverage of 9 OEMs with Buy rating on the above mentioned four. As per Ambit Research Tractors, two wheelers, LCV are better placed over PVs, Medium & Heavy CV

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• Prabhudas Lilladher recommends Bajaj Finance and Reliance Industries as blue-chip stocks to watch out for. Here’s why

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• The development is a dampener for Cipla, which planned to launch Abraxane, a high-value drug used to treat pancreatic cancer, in Q4.

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• Multibagger penny stock traded ex-bonus and ex-split on 29th December 2023

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• Divine Power IPO allotment status can be checked online through the website of IPO registrar. Bigshare Services Pvt Ltd is the Divine Power IPO registrar.

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• Using commodity ETFs to get exposure to gold and silver can help you earn a higher real rate of return and also get diversification due to the low correlation with equities and bonds, says Anil Ghelani of DSP Mutual Fund.

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• Nephro Care India IPO started subscription today and will close on July 2. Company founded in 2014 with focus on kidney patient care. IPO consists of 4,584,000 equity shares. Funds to establish a multispecialty hospital and for general corporate purposes.

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• Trent stock hits a fresh high of ₹5,509, driving its market cap to ₹1.95 lakh crore. Analysts are optimistic about Trent’s valuations due to its impressive growth and premium market positioning.

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• The delay in implementing Bureau of Indian Standard quality check norms to February next year could lead to a surge in MDF imports, thus impacting the domestic industry in FY25

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• The Allied Blenders and Distillers IPO share allotment is expected to be finalised today. Allied Blenders shares are expected to be listed on the BSE and NSE on Tuesday, July 2, 2024.

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• Its acquisition of Dewan Housing Finance Ltd has not delivered positive results so far, and its investments in Shriram Group have only matched the Nifty 50 index on IRR.
• The stock has delivered negative returns over the past six years, during which time the Nifty 50 has doubled.

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• Indian equity benchmarks hit new milestones with Nifty reaching 24,124 and Sensex hitting 79,546. Market participants remain bullish with strong fund flows driving the rally.

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• CDSL shares surged 13% to a record high of ₹2,260 apiece after company announced consideration of issuing bonus shares.

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• Stanley Lifestyles share price opened on BSE at ₹499 whereas it listed on NSE at ₹494.95 per share

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• In the last three months, 77% of the NSE200 stocks have seen positive price movements, but only 39% have seen earnings upgrades. Sectors with decent earnings upgrades show a disproportionately high movement in their stock prices – suggesting an optimistic overpricing.

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• The S&P 500 has climbed 15% despite reduced hopes for Federal Reserve interest-rate cuts.

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• Gold prices are expected to trade flat on Friday as investors are eagerly awaiting the US inflation data release, say experts

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• Following shares hit their 52 week low today – Ascom Leasing & Investments, Future Supply Chain Solutions, Secur Credentials, Suumaya Industries, Osia Hyper Retail

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• Following shares hit their 52 week high today – Divis Laboratories, Reliance Industries, Tech Mahindra, JSW Steel, Bharti Airtel

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• Shivalik Bimetal Controls has shown exceptional growth, with its stock price surging by 2271% over four years. Despite recent volatility, JM Financial initiates coverage with a buy rating and a target price of ₹730, anticipating substantial revenue growth in various segments over next few years.

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• Stocks to Buy: ICICI Bank, Axis, SBI, Shriram Finance, Aavas, Eicher, TVS Motors, M&M, Hindalco, L&T, NTPC, JSW Energy, HAL, ONGC, Godrej Prop, Lodha, Bharti, Honasa, GCPL, Nykaa , Mankind, Apollo Hospitals, Ambuja, Amber , V-Guard and PI Ind are top 26 bottom up picks of Jefferies. Check details

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• Reliance share price: Reliance Industries (RIL) jumped over 2 per cent to hit its fresh all-time high of ₹3,129 in morning trade on Friday, June 28, on BSE.

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• Stock in focus: Rajesh Palviya has recommended to buy, hold, and accumulate Manappuram Finance Ltd, Century Plyboards India Ltd, and Reliance Industries Ltd (RIL) today.

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• Man Industries stock price has more than doubled within one year, reflecting improved business fundamentals as well as greater visibility on execution of its announced expansion plans.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.73533.0 in Delhi whereas 1 kg of silver was Rs.87220.0 in Delhi.

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• BHEL shares rise by 4% to ₹308 after securing a ₹13,300 crore contract for a 1600 MW thermal power plant in Jharkhand. Company focuses on defence sector, including orders for Vande Bharat trains and air defence gun sector.

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• Medicamen Organics shares were listed at ₹137.85 apiece on NSE SME, a premium of 305.44% to the IPO price of ₹34 per share.

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• Stanley Lifestyles share price: Stanley Lifestyles IPO received overwhelming subscriptions, with the share price making a strong debut on NSE and BSE. Market experts predicted an opening price range of ₹540 to ₹550 per share, reflecting positive market sentiments.

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• Shares of Bharti Airtel and Reliance Industries surge after Reliance Jio and Bharti Airtel raised telecom tariff

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• Vraj Iron and Steel IPO GMP: The grey market suggests that Vraj Iron and Steel IPO listing price would be around 293, say market experts

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• Indian Government Bonds (IGBs) will be included into the widely followed JPMorgan Government Bond Index-Emerging Markets (GBI-EM) starting with a 1% weight, which will gradually increase to 10% over the next 10 months.

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• Bansal Wire Industries IPO price band: ₹243 to ₹256 per equity share. Subscription date: July 3 to July 5. Allocation to anchor investors on July 2.

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• Stocks to buy or sell: Sumeet Bagadia recommends buying these five breakout stocks today — Indo Amines, Hindustan Composites, KDDL, Route Mobile, and LG Balakrishnan

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• Emcure Pharmaceuticals IPO price band ₹960 to ₹1,008 per share. Subscription from July 3 to July 5. Anchor investor allocation on July 2. Floor price 96 times face value, cap price 100.80 times face value. Minimum bid 14 shares, with ₹90 discount for eligible employees.

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• Stocks to buy today: Experts have recommended buying these five buy or sell stocks — Asahi Songwon, Bayer Crop, Tata Motors, DMart, and Apollo Hospitals

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• The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,180 level, a premium of nearly 85 points from the Nifty futures’ previous close.

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• Indian stock market: Gift Nifty was trading around 24,175 level, a premium of nearly 80 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

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• Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Wipro, JSW Energy, and Petronet LNG

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• Stanley Lifestyles IPO GMP: The grey market is signalling that Stanley Lifestyles IPO listing price would be around ₹538, say market observers

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