BOMBAY BURMAH SHARES

Ahead of Market: 10 things that will decide D-Street action on Wednesday

"On the daily charts, we can observe that the Nifty has breached the previous swing low of 19,333 it touched in the first week of October and has closed below that, indicating a breakdown. Weekly, daily and hourly momentum indicators have a negative crossover, a sell signal. Thus, both price and momentum indicators are suggesting a further decline. On the downside, Nifty is likely to drift towards 19,000 from a short term perspective. On the way up, 19,500 - 19,530 shall act as an immediate hurdle zone as per the principle of role reversal," said Jatin Gedia, Sharekhan by BNP Paribas.

Suzlon Energy, MCX among 6 smallcaps that outperformed their sectoral indices

Britannia hit by profit booking on rural headwinds

"There is an apprehension that sales may be impacted with slower recovery in rural areas than expected," said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.

Coforge, Century Textiles among 10 BSE smallcap stocks hit 52-week high

The S&P BSE SmallCap Index surged as several small-cap companies, including Ahluwalia Contracts, Anand Rathi Wealth, and Chennai Petroleum Corporation, hit new 52-week highs. Other companies achieving significant milestones include The Anup Engineering, Black Box, Bombay Burmah Trading Corp, CCL Products

9 BSE Smallcap stocks reach new 52-week highs: CEAT, Amara Raja Batteries, and more shine bright

Several stocks in the S&P BSE SmallCap index, including Amara Raja Batteries, Action Construction Equipment, and CEAT, reached new 52-week highs today, indicating their growth potential in the market. The Anup Engineering, Bombay Burmah Trading, Bombay Dyeing, Capacite Infraprojects, CARE Ratings, and CCL Products, reflecting their resilience and strength in the industry. These achievements were sourced from BSE at 1:50 pm and are subject to change with real-time updates.

These 9 FMCG stocks touch their new 52-week high, gaining upto 35% in a month

Nine stocks from the BSE FMCG index hit new 52-week highs despite the Sensex benchmark index declining by 310 points and settling at 62,917. The 52-week high is a vital technical indicator for traders and investors to evaluate a stock's current value and predict future price trends, representing the highest price the stock has traded within the past year. The stocks include Bombay Burmah Trading Corporation, Mrs. Bectors Food Specialities, Britannia Industries, LT Foods, Godrej Consumer Products, Nestle India, Sula Vineyards, Tata Coffee, and Tata Consumer Products.

Ahead of Market: 10 things that will decide D-Street action on Wednesday

The benchmark Sensex rose by 418 points to settle at a six-month high, driven by optimistic domestic macroeconomic data and gains in global markets. Buying in index majors Reliance Industries and ITC also added to the positive mood in equities. Additionally, the Nifty closed above the 17,700 mark.

Breakout Stocks: How are MRF, Olectra Greentech and Bombay Burmah looking on charts for Wednesday

Stocks in focus included names like MRF, which closed with gains of over 1%. The stock closed a fresh high above the Rs 100,000 mark for the first time. Other stocks which remained in focus included names like Olectra Greentech, which rose over 7% to hit a fresh 52-week high, and Bombay Burmah Trading Corp closed with gains of over 10% to hit a fresh 52-week high

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Signet Ind, Nagreeka Export, Shreyans Ind, Inox Wind Energy and Bombay Burmah, hit their fresh 52-week highs during the day.

Stock market update: Nifty Bank index advances 0.31%

The Nifty Bank index closed 0.31 per cent up at 44079.85.

Stock market update: Nifty Realty index advances 3.01%

The Nifty Realty index closed 3.01 per cent up at 520.7.

Stock market update: Nifty IT index advances 0.4%

The Nifty IT index closed 0.4 per cent up at 28899.3.

Stock market update: Nifty Auto index falls 0.11%

The Nifty Auto index closed 0.11 per cent down at 14658.3.

Care Ratings concerned about Bombay Dyeing's ability to service Rs 3597 crore debt

Bombay Dyeing & Manufacturing’s ability to service its debt during fiscal years 2024 and 2025 has raised concerns, according to Care Ratings. Delays in raising Rs 940 crore through rights issues and asset monetisation have caused the issues. The Wadia group company has scheduled debt repayment of Rs 3597 crore between FY 24 and FY25 with scheduled payments of Rs 942 crore in FY24 and Rs 2655 crore in FY25.

Go First owner has no plans to exit airline: CEO

The comments of the Chief Executive of the airlines came a day after the cash-strapped Indian airline filed for bankruptcy, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The company, which is "continuously evaluating options", said some parties have expressed interest in the airline. It did not share further details.

Go First crisis impact: Wadia Group stocks slump up to 10%, are investors in exit mode?

Speaking to news channels, Go First CEO Kaushik Khona clarified that the company has filed for a voluntary insolvency resolution process with the National Company Law Tribunal, and not for bankruptcy.

Go First bankruptcy effect! Airline stocks rally up to 8%

Airline stocks in India rallied up to 8% following the insolvency filing of Go First, with investors expecting consolidation in the industry. Jefferies analyst Prateek Kumar said the unexpected shutdown of Go First is likely to drive supply constraints, which could benefit air fares, especially with recent strong traffic trends in the Indian aviation sector. The Wadia Group-owned airline had not defaulted on its total debt of Rs 65.21bn ($873m) to financial creditors as of 30 April, but had defaulted on payments to operational creditors.

Death Crossovers: These 6 stocks signal further bearishness

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 204.0 points up at 18063.45

Stock Radar: 19% rally since November! What is fuelling a rally in Bombay Burmah Trading Corp?

The stock rose from Rs 914 recorded on November 28 to Rs 1,036 as on December 5. It closed at Rs 873 as on October 31, which translates into an upside of nearly 19%.

Buy Bombay Burmah Trading Corporation, target price Rs 1250: Anand Rathi

Bombay Burmah Trading Corporation, incorporated in the year 1863, is a Mid Cap company (having a market cap of Rs 7023.94 Crore) operating in Holding Company sector.

Ahead of Market: 10 things that will decide D-Street action on Wednesday

“Technically, the market is consistently holding higher high and higher low formation, which is broadly positive. Hence, the support has now shifted to 18,550 from 18,450. As long as the index is trading above 18,550, the uptrend wave is likely to continue. Above which, the market could move up to 18,750-18,800,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities, said.

Corporate Radar: Adani Enterprises, M&M to turn ex-dividend; L&T Infotech, Tata Elxsi Q1 results; bonus issues and more

Shares of Radhe Developers will also go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10. Raymond and Surya India will hold their annual general meetings (AGM) today.