DYNAMIC CABLES SHARE PRICE

4 stocks closed crossing above VWAP on June 10

KEC International shares jump 8% on winning order worth Rs 1,061 crore

KEC International's share price rose by 8% to Rs 829 after securing new orders worth Rs 1,061 crore. The company's YTD order intake is over Rs 3,000 crores, with a growth of 30% compared to last year.

4 stocks closed crossing above VWAP on June 7

PSU stocks feel poll result heat; Cochin Shipyard, Bharat Dynamics worst hit, fall up to 10%

PSU stocks like Cochin Shipyard and Bharat Dynamics fell by 10% following the BSE PSU index's 4% drop post Lok Sabha election results. Analysts remain positive on PSUs as they see government entities having an advantage.

Defence stocks fall up to 11% in early trade session amid tight election race

Defence stocks fell up to 11% on BSE as ruling NDA may get lower seats in Lok Sabha elections, impacting market sentiment.

TPG Asia sells entire stake in RR Kabel in Rs 958 crore block deal

Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.

R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?

R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.

TPG Asia to exit RR Kabel, offload stocks worth Rs 1,000 crore in block deal: Report

TPG Asia had acquired around 21% stake in RR Kabel five years before the IPO, which was launched in late 2023. Since then, the PE firm has gradually cut its stake in the company.

Havells now selling made-in-India ACs, cables & lighting products in the US

Havells India has begun selling its made-in-India air conditioners, cables, and lighting products in the US, marking the first Indian electronic manufacturer to launch its own brand there, said chairman Anil Rai Gupta. The company plans to invest Rs 1,000 crore this year to expand capacities and explore AC compressor manufacturing. In 2023-24, it invested Rs 700 crore on capex

Dollar ebbs as markets await key global inflation reports

The dollar weakened on Tuesday awaiting key inflation data for global interest rate guidance. Euro held steady despite dovish ECB comments. GBP and NZD gained, with focus on US PCE price index report on Friday.

View: Central banks are moving over to the yellow metal to de-dollarise and tackle global uncertainty

Gold prices have surged to a record high of $2,400/oz, driven by uncertainty rather than demand. Central banks have significantly increased their gold holdings, with a notable shift towards ETF investments.

Technical Breakout Stocks: Bharat Dynamics, Finolex Cables & Cochin Shipyard hit record highs; trading tips for Monday

The domestic market closed flat after hitting record highs with S&P BSE Sensex reaching 75,636 and Nifty50 at 23,026. Buying was seen in public sector stocks while selling was seen in other sectors.

Will Nifty Bank hit 50,000 next week? Rupak De of LKP Securities reads the charts

“Nifty witnessed a clean breakout above its prolonged consolidation on the daily timeframe, suggesting a surge of renewed optimism,” says the senior technical analyst

RVNL, HAL among 24 BSE 500 stocks with double-digit returns this week. Over 220 stocks end in red

Last week was eventful, though truncated. The BSE 500 index ended with an uptick of 664 points or 2%, following the footsteps of the headline index S&P BSE Sensex that gained 1,500 points or 2% to hit an all-time high of 75,636. The two defence PSU counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively.

Bharat Dynamics shares zoom 17% to new all-time high after 1:2 stock split

Shares of BDL surged 17% to a 52-week high of Rs 1,650 post stock split in 1:2 ratio, reducing face value from Rs 10 to Rs 5 per share. BDL informed about the split following Regulation 42 of SEBI. The company will announce Q4 results and FY24 dividend on May 31. The stock price has quadrupled in the last year.

Wearable devices market sees growth slowdown amid fall in smartwatch shipments

The wearable devices market in India saw a modest growth of 2.1% year-on-year in the quarter ending March 2024, reaching 25.6 million units. This slowdown was primarily due to a decline in smartwatch shipments, falling by 7.3% to 9.6 million units. Despite a drop in average selling prices (ASPs), excess inventory from the festive season in 2023 contributed to the decline. The earwear category, however, experienced an 8.3% growth, with truly wireless earbuds dominating the market at 70.1% share.

Bharat Dynamics shares zoom 46% in 6 days ahead of proposed 1:2 stock split

Shares of the PSU stock Bharat Dynamics Limited (BDL) have witnessed a remarkable surge, increasing by a little over 46% in the past six days. On Tuesday, the stock rose by 10% on the BSE, reaching a new all-time high of Rs 2,689. This surge in share price comes as the company approaches its record date for a 1:2 stock split, scheduled for May 24th.

Corporate actions this week: SBI, Tata Consumer Products to go ex-dividend, Bharat Dynamics ex-split & more

This week, SBI, Colgate-Palmolive (India), Oberoi Realty, Tata Consumer Products, and Sula Vineyard will go ex-dividend. Bharat Dynamics and Som Distilleries Breweries & Wineries will undergo a stock split, with other companies also set for corporate actions such as bonus issues and rights issues. On May 24, Tata Consumer Products (Rs 7.75/share), and Vedanta (Rs 11/share) will trade ex-dividend.

Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%

One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.

Stock Radar: 100% in 1 year! Should you book profit or buy this defence stock which hit record high in April?

The defence stock moved in a narrow range in February 2024, where levels below 2,000 acted as a stiff resistance while on the downside 1,500 acted as a strong support. It took support above 1,500 levels once in February 2024 and then again in March 2024, creating a double bottom pattern.

Stock Radar I Bharat Dynamics records breakout after 17-week consolidation; time to buy?

Teerth Gopicon IPO booked 16 times so far on last day; DGC Cables' issue subscribed over 8 times

After decent response for the first two days, the SME IPO of Teerth Gopicon was subscribed 16 times so far on Wednesday, the third day of the bidding process. The issue received bids for 6.61 crore shares as against 39.9 lakh shares on offer.

DCG Cables and Wires IPO: Check issue size, price band, GMP and other details

​The SME IPO of DCG Cables and Wires opened for subscription on Monday and will close on April 10. The company aims to raise about Rs 50 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.