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Market Recap 26-07-2024

Sebencapital

Published
26/07/24
Market Recap 26-07-2024


Indian Indices

I) Nifty: opened at 24423 and touched a high of 24861 then a low of 24410 and closed at 24834 with a total of + 428 points in Positive

II) Bank Nifty: open 50456 and touched a high of 51398 then a low of 50438 and closed at 51295 With a total of + 407 points Positive

III) Fin Nifty: open 22941 and touched a high of 23358 then a low of 22934 and closed at 23316 With a total of + 267 points in Positive

IV) Nifty Mid Select: open 12418 and touched a high of 12697 then a low of 12410 and closed at 12687 With a total of + 269 points in Positive


NSE Advance and Decline


Nifty 500 Top Gainer

New India Assurance PSU insurers soar, with General Insurance and New India Assurance gaining up to 19 percent amid a dramatic stock market rally.

General Insurance PSU insurers soar, with General Insurance and New India Assurance gaining up to 19 percent amid a dramatic stock market rally.

Paytm stock price went up today, 26 Jul 2024, by 10 %. The stock closed at 462.6 per share. The stock is currently trading at 508.85 per share. Investors should monitor Paytm stock price closely in the coming days and weeks to see how it reacts to the news.

Sri Ram Fin The company had reported a net profit of Rs 1,705 crore in the year-ago period. The earnings were announced during the market hours and the stock jumped nearly 5% on the BSE to hit the day's high of Rs 2,802.

Read more at:
https://economictimes.indiatimes.com/markets/stocks/earnings/shriram-finance-q1-results-cons-pat-jumps-19-yoy-to-rs-2021-crore-meets-estimates/articleshow/112036973.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


Nifty 500 TOP LOSER

MMTC share price: The stock today soared 20 percent to settle at Rs 102.60. At this price, it has gained 70.57 percent on a year-to-date (YTD) basis.

Cyient stock slipped 9% to Rs 1724 on BSE against the previous close of Rs 1894.35. Market cap of the firm fell to Rs 19,434 crore on BSE

Mankind Pharma Share Price: Mankind Pharma shares dropped by 2.5% following the announcement of a Rs 13,630 crore acquisition of Bharat Serums and Vaccines (BSV). The acquisition aims to strengthen Mankind's position in women's health and fertility drugs. BSV reported strong revenue growth in FY24, with a notable presence in IVF and critical care segments.

Ramkrishna Forgings Q1 Results Live: Ramkrishna Forgings declared their Q1 results on 24 Jul 2024. The topline increased by 12.63% & the profit increased by 3.02% YoY. However, as compared to the previous quarter, the revenue declined by 1.78% and the profit decreased by 13.8%. The Selling, general & administrative expenses rose by 8.28% q-o-q & increased by 38.76% Y-o-Y, indicating increased operational costs for the company.

RVNL shares fell around half a percent on July 25 despite the company receiving a Letter of Acceptance (LoA) for a project worth Rs 191.53 crore from South Eastern Railway.The LoA is for “Design, Supply,


Sectoral Performance


Outperforming stocks vs nifty 500 over 1 week


Underperforming Stock vs Nifty 500 over 1 week


Stock With Rising Volume NSE


Headlines

Mankind Pharma Share Price: Mankind Pharma shares dropped by 2.5% following the announcement of a Rs 13,630 crore acquisition of Bharat Serums and Vaccines (BSV). The acquisition aims to strengthen Mankind's position in women's health and fertility drugs. BSV reported strong revenue growth in FY24, with a notable presence in IVF and critical care segments.


Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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