Story continues below Advertisement
Indian benchmarks Sensex and Nifty 50 scaled new highs on June 25 led by gains in the banking sector. However, the broader market failed to mirror the trend of the benchmarks. The Nifty 50 reached an all-time high of 23,754.15, while the Sensex peaked at 78,164.71 during the session.
Amara Raja | CMP: Rs 1,650 | The stock zoomed 20 percent to hit an all-time high after the battery maker announced that it has entered into a technical licensing agreement with China-based Gotion High-Tech.
Craftsman Automation | CMP: Rs 5,420 | Shares snapped a three-day losing run and rose over 10 percent after the company signed a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II LLP to potentially acquire all or part of Sunbeam’s business.
Olectra Greentech | CMP: Rs 1,815 | Shares rose 9 percent as brokerages see more potential to stock. A strong order book, capacity expansion, and scalability of multiple powertrains are seen as some of the positives for the company, pointed out Geojit Financial Services which raised its target price for the stock to ‘Buy’ from ‘Accumulate’.
Story continues below Advertisement
Borosil | CMP: Rs 346 | Shares of the laboratory glassware and microwavable kitchenware manufacturer jumped 6 percent after the company informed that its board approved Qualified Institution Placement (QIP) at a floor price of Rs 331.75 per share. The company aims to raise up to Rs 250 crore through this route.
Bandhan Bank | CMP: Rs 203.60 | Shares tumbled 4 percent after the Reserve Bank of India (RBI) appointed an additional director on the Board of the Kolkata-based lender, ahead of Bandhan Bank chief Chandra Shekhar Ghosh’s retirement on July 9, 2024.
Computer Age Management Services (CAMS) | CMP: Rs 3,690 | Shares surged 5 percent to hit a 52-week high of Rs 3,838. Motilal Oswal Financial Services has reiterated its ‘Buy’ rating on CAMS with a target price of Rs 4,200, citing robust growth prospects in both its mutual fund (MF) and non-MF businesses.
Shriram Finance | CMP: Rs 2,996 | Shares of the Nifty 50 stock rose 4 percent to hit a 52-week high of Rs 2,999. In an interaction with CNBC-TV18, YS Chakravarti, the MD and CEO of the company said that Shriram Finance might increase its asset under management (AUM) growth guidance after the first half of the fiscal year 2025. He expects good growth numbers in Q3 and Q4 of FY25.
Story continues below Advertisement
Krystal Integrated Services | CMP: Rs 858.70 | Nuvama Institutional Equities initiated coverage on the stock, seeing a massive upside of 80 percent from its current levels. Shares surged 4 percent in trade.
Hitachi Energy India | CMP: Rs 11,449 | Shares rose nearly 4 percent after the company announced that it has received an order worth Rs 790 crore from fellow subsidiary Hitachi Energy Australia Pty Ltd for the development of high voltage direct current links between Tasmania and Victoria.
Happiest Minds | CMP: Rs 829.90 | Happiest Minds shares worth Rs 1,076 crore changed hands on the bourses in a block deal. Around 1.27 crore shares or 8.3 percent equity were exchanged, at an average price of Rs 847 per share. The stock fell nearly 9 percent.
