Latest Market News Today Live Updates July 11, 2024: Raymond share price trades ex-lifestyle business; hits 5% upper circuit from discovered price

• Raymond share price hit a 5% upper circuit as the company turned ex-date for its lifestyle business demerger. The record date for the demerger is set for July 11, 2024, with the expectation of the lifestyle division being listed in the next two months.

Read the full story here

• Budget 2024: Upcoming budget is expected to be themed on fiscal prudence, capex spending to help create jobs and targeted social sector spending. FM Nirmala Sitharaman may retain fiscal deficit target at 5.1% of GDP in F2025, while being on track to attain the target of 4.5% of GDP by F2026.

Read the full story here

• Multibagger stock: PTC Industries share price has appreciated over 260% in one year

Read the full story here

• Sahaj Solar IPO subscriptions opened on July 11 and will close on July 15. The price range is set at ₹171 to ₹180 per share. The net offer is split with 35% for retail investors, 50% for QIB, and 15% for NII (HNI).

Read the full story here

• HPL Electric & Power’s shares surged by 19% to reach a new high after it secured a significant order for smart meters. The company, with a strong track record in supplying meters, is well-positioned in the growing smart meter market.

Read the full story here

• The India Economic Policy Uncertainty Index has experienced significant volatility
• This trend shows jitters among investors causing fears about policy continuity

Read the full story here

• Stock Market Today: Reliance share price has risen 22% year to date. The news flow and expectations around Jio listing have also led to the gains. Jefferies expects Jio’s listing by 2025 at $112 billion valuation and their Sum Of The Parts target price indicating upside for the stock.

Read the full story here

• Following shares hit their 52 week low today – Jaiprakash Associates, Secur Credentials, Upsurge Seeds of Agriculture, Praxis Home Retail, Sarthak Metals

Read the full story here

• Following shares hit their 52 week high today – Grasim Industries, SBI Life Insurance Company, Dr Reddys Laboratories, Power Grid Corporation Of India, ICICI Bank

Read the full story here

• Multibagger stock: Mukul Agrawal’s name is missing from the shareholding pattern of Zen Technologies for Q1FY25

Read the full story here

• Media reports suggest First Abu Dhabi Bank PJSC was considering a stake in Yes Bank Ltd, but the bank denies any potential offer.

Read the full story here

• Lorenzini Apparels, a multibagger penny stock, has delivered remarkable returns with its stock price skyrocketing by over 6,400% in the last four years. Despite recent fluctuations, the company has maintained strong performance.

Read the full story here

• Oriental Rail Infrastructure’s shares surged by 5% to ₹379 after winning a ₹19.33 crore contract from Indian Railways. The company, with a 32-year history, specializes in manufacturing a diverse range of products for various industries, including seats, berths, and railway rolling stock.

Read the full story here

• Top Stock Recommendations: Osho Krishan, Sr. Analyst, Technical & Derivatives of Angel One, recommends buying Manali Petrochemical Ltd, and Ipca Laboratories Ltd.

Read the full story here

• Ambey Laboratories share price debuts on NSE SME at ₹85, 25% higher than issue price. IPO subscription oversubscribed at 173.18 times. Company produces agrochemical chemicals for crop protection and has listed peers like Meghmani Organics Ltd and Atul Ltd.

Read the full story here

• As of the July 10 close, TCS share price has gained about 20 per cent in the last year against a nearly 22 per cent rise in the equity benchmark Sensex.

Read the full story here

• Yes Bank share: Global rating agency Moody’s has revised its outlook on Yes Bank from stable to positive

Read the full story here

• Stocks to buy or sell: Sumeet Bagadia has recommended buying these five breakout stocks today — Shoppers Stop, RVNL, GEPIL, Indigo Paints, and IZMO

Read the full story here

• Moody’s upgrades Yes Bank’s outlook from stable to positive, expecting gradual improvement in depositor base and core profitability over the next 12-18 months.

Read the full story here

• Stocks to buy today: Experts have recommended buying these five buy-or-sell stocks: Marico, Sun Pharma, MFSL, ATGL, and BPCL

Read the full story here

• Gift Nifty also indicates a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,395 level, a premium of nearly 55 points from the Nifty futures’ previous close.

Read the full story here

• Indian stock market: Gift Nifty was trading around 24,400 level, indicating a positive start for the Indian stock market indices. Asian markets gained, with Japan’s Nikkei hitting record highs, while US stock market also saw record closing fueled by gains in Nvidia shares and other tech stocks.

Read the full story here

• Buy or sell stocks: Vasihali Parekh has recommended three stocks to buy today — HPCL, ICICI Pru Life Insurance, and MFSL

Read the full story here

• Aditya Birla Fashion, Balrampur Chini, Bandhan Bank, Chambal Fertilisers, GNFC, IEX, India Cements, Indus Towers, Piramal Enterprises, and RBL Bank are the ten stocks on the NSE’s F&O ban list for July 11

Read the full story here