Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rallied after the Centre expanded customs duty exemptions on electronics manufacturing machinery and components until 2029. The move is expected to reduce import costs, improve margins, encourage fresh investments and strengthen India’s electronics manufacturing ecosystem across batteries, displays and smartphones.Read More

Post ContentRead More

National Aluminium Company and NLC India have signed an agreement for a joint venture. This new entity will establish a 1,080 MW captive thermal power plant in Odisha. The plant will supply electricity for NALCO’s aluminium smelter expansion project. Partners will also explore renewable energy sourcing and long-term coal supply. Both government-owned companies will hold...Read More

Four Nifty500 stocks, Balkrishna Industries, Aegis Logistics, PhysicsWallah and OneSource Specialty Pharma, closed over 3% below VWAP, highlighting bearish sentiment and weakening price momentum.Read More

On July 8, four stocks with a market capitalisation of over Rs 10,000 crore closed more than 1% above their Volume Weighted Average Price (VWAP), according to StockEdge’s technical scan data. A move above the VWAP is considered a bullish technical signal, indicating strengthening buying interest and the potential for further upside in the near...Read More

Antony Waste share price fell 5% after a waste mound at Pimpri Chinchwad facility collapsed due to heavy rainfall. The debris fell onto the administration building, causing its structural failure. Rescue operations are currently underway involving multiple emergency response agencies. The company is providing medical assistance and support to affected families. No immediate material impact...Read More

Tata Consultancy Services shares declined as the company prepares to announce its first-quarter results. Analysts anticipate modest profit growth and weak revenue momentum for the IT bellwether. Demand for IT services remains soft due to economic uncertainty and client spending caution. Large deal ramp-ups and AI-led spending may offer some support to growth. The company’s...Read More

Graphite India shares are set to remain in focus after the company announced the planned closure of its Graphite Specialities and Coating divisions in Germany, citing the prolonged impact of the Russia-Ukraine war and weak demand. The company expects the shutdown process to be completed within six months and will announce its Q1 earnings and...Read More

India’s largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager’s conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is...Read More

Indian stock markets traded higher on Thursday, recovering from Wednesday’s significant decline. Sensex and Nifty saw marginal gains as investor confidence returned to the trading floor. Oil prices continued their upward trend, influenced by escalating Middle East geopolitical concerns. Foreign institutional investors remained net buyers of Indian equities for the sixth consecutive session.Read More