Budget 2024: From RIL to SBI, BEL to Ultratech; top picks for July 23
The focus will be on continuation of existing capex agenda in infra, railways, defence, and renewable space, says JM Financial.
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July 2024
Sensex, Nifty end lower ahead of Budget; RIL, Kotak Bank, ITC among top laggards
Bucking the trend, the BSE midcap and smallcap indices ended higher, rising 1.2%, and 0.8%, respectively.
RIL shares fall nearly 3% post Q1; analysts see up to 22% upside
Most brokerages have reiterated 'Buy' ratings on Reliance Industries, with target price in the range of ₹3,435 and ₹3,786.
Reliance Q1 profit drops 5% to ₹15,138 crore
Revenue from operations rose 12% to ₹236,217 crore in the first quarter.
RIL shares down 1% ahead of Q1; here’s what to expect
Reliance Industries is expected to report 3.9% YoY decline in consolidated net profit, while revenue is projected to grow 11.5% YoY in Q1 FY25.
This Mukesh Ambani-backed stock surges 18% as Q1 profit jumps 69%
Just Dial shares touched a 52-week high of ₹1,218.95 today, rebounding 75% from its 52-week low of ₹694.80 hit on September 22, 2023.
Jio Financial shares slide over 2% as Q1 profit declines 6%
Snapping three sessions gaining streak, Jio Financial shares declined 2.4% to ₹346.80, while its mcap slipped to ₹2.20 lakh crore.
Jio Financial shares jump 2% on getting RBI's nod to become core investment company
On November 21, 2023, JFSL had submitted an application to the RBI for the conversion from a NBFC to a core investment company.
Mahan Energen ceases to be Adani Power’s subsidiary as RIL acquires 26% stake
RIL has acquired a 26% stake in a 600 MW unit of MEL's thermal power plant, which is part of MEL's total 2,800 MW capacity
Market at new high: Sensex hits 80,000 mark, Nifty crosses 24,300
Sensex journey from 70,000 to 80,000 levels has been significantly fast, covering 10,000 points in less than seven months, precisely 138 trading sessions, which is the fastest ever.
