Stock Market News | 11 July 2024 Highlights | Keep Investing and Grow Your Wealth

Опубликовано: 17 Март 2025
на канале: Tutorials Website
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Share Market Update

ITC: Sector Performance Alert
ITC stock sees price erosion in H1 2024 due to weak demand and inflation in FMCG sector. The sctor is expected to see a 7 to 9% revenue growth in FY25 driven by higher volumes and rular revival.

IOC: Partnership Alert
Indian Oil Corporation Ltd being considered as the preferred entity for forming a join venture with Shipping Corporation of India to build oil tankers. While Indian refiners saved $10.5 billion in forex by purchasing discounted Russian crude oil.

TATA MOTORS: Product Launch Alert
Tata Motors introduces price cuts on its SUVs, the Harrier and Safari, While releasing teasers for the upcoming Curv lineup. Domestic PV sales declined by 8% YoY in June 2024.

ICICI BANK: Downgrade Alert
ICICI Bank's share price continues its upward trend, reaching a 52 week high for the third consecutive session. Axis Capital has downgraded the stock to add from buy, but hiked the target price. Experts expect renewed traction after Q1FY25 earning

ONGC: Regulatory Alert
Oil & Natural Gas Corporation, (ONGC) has sought a waiver from the US Office of foreign Assets Control to lift crude oil from Venezuela. The company is also looking to recover $500 million in dividends pending since 2014 for its stake in Venezuelan projects. Meanwhile, share of ONGC rallied up to 13% amid buzz of more focus on domestic oil exploration and production.


Vedanta: Fundraising Alert
Vedanta likely to raise up to Rs 8000 crore by selling shares to institutional shareholders.

WIPRO: Product Launch Alert
Wipro's Commercial & Institutional Business opens new Experience Centre in Pune. showcasing its innovative internet of Lighting (IoL) solutions and ergonomic seating designs. The centre features Wipro's Smart Factories, Smart Cities, and Smart Offices, utilizing technologies like Power over Ethernet (PoE) and wireless lighting management systems.

INDIGO: Earning Alert
IndiGo reports Q4FY24 profits of Rs 1894 crore, closed the year with a profit of Rs 8170 crore.

YESBANK: Rating Alert
Global rating agency Moodys has revised Yes Bank's outlook from stable to positive, citing improvements in the lender's depositor base and lending franchise. The Bank's core profitability is expected to increase over the next 12-18 months. Yes BanK's share price surged by about 9% following the announcement.

RECLTD: Fundraising Alert
REC Ltd secures JPY 31.96 billion loan from Deutsche Bank's GIFT City branch for green energy projects in India.

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