Latest Market News Today Live Updates July 18, 2024: Motilal Oswal’s alternate investment arm MO Alts invests ₹190 crore in two deals from its new real estate fund

• The alternative investment arm of Motilal Oswal Financial Services, Motilal Oswal Alternates has closed two transactions from its sixth real estate fund, India Realty Excellence Fund VI, with a cumulative investment of ₹190 crore.

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• Prizor Viztech IPO sees massive demand, with NII and QIB portions subscribed 280 and 94.54 times. Allotment status can be checked through the registrar, Bigshare Services Pvt. Ltd.

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• Sanstar IPO, among India’s top manufacturers of plant-based specialty products, opens for subscription on Friday, July 19. The company aims to raise ₹510.15 crore through a new issuance and offer-for-sale.

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• Aelea Commodities IPO, valued at ₹51 crore, closed with overwhelming demand. The company plans to use the net proceeds for setting up a new manufacturing unit, purchasing machinery, and for general corporate purposes. Allotment status can be checked online.

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• Stock Pick: IRB Infrastructure having gained169% in a year has given Multibagger returns to investors. It remains momentum pick of HDFC Securities. Check for 5 key technical reasons why HDFC Securities expects more than 13% gains for the stock

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• Nifty IT index hit 40,000 milestone today, gaining 2.10%. Five index constituents reached new 52-week highs. Factors include strong financial performances, optimism on Federal Reserve rate cut.

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• Top Gainers and Losers Today : The Sensex gained 626.91 points, or 0.78, to settle at 80716.55, while the Nifty gained 187.85 points, or 0.76, to close at 24613.0.

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• Management claimed the weak performance in Q1 was due to subdued demand and not the threat of competition from Grasim Industries’s Birla Opus. But that didn’t prevent a slew of brokerages from downgrading their earnings forecasts.

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• Multibagger SME IPO was launched at ₹165 in September 2023 and it listed on NSE at ₹330

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• Jhaveri Credits and Capital has shown exceptional growth, with its stock price surging by 18642% in four years, solidifying its position as a lucrative penny stock investment.

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• Stock market today: Nifty 50, Sensex hit fresh record highs; mid, smallcaps bleed

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• Multibagger stock: ABB India share price slumped 14% in the last month, entering a corrective phase. Brokerage UBS downgraded the stock to ‘Neutral’, raising target price to ₹9,100. Stock needs to maintain order intake run rate for growth.

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• Pankaj Pandey, the head of research at ICICI Securities, is constructive on the Indian equities due to factors such as healthy macroeconomic growth, robust corporate earnings, and stable government with a focused approach to capex and manufacturing.

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• IDBI share price has rallied more 38% so far this year and in the past one year, IDBI Bank shares have risen over 62%.

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• Crypto platform WazirX faces security breach, sees withdrawal of $230 million

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• Kenneth Andrade of Old Bridge Mutual Fund describes the Indian economy entering a ‘Goldilocks period’ with ideal conditions for growth. The report advises investors to align with growth businesses due to scarcity of undervalued opportunities in the market.

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• Stock Market Today: UPL, PI Industries, Rallis, Sharda Cropchem share prices have been rebounding, having gained up to 14% in a month. Analysts expect volume growth to catch pace as sowing activity and acreage has improved with progress on monsoon. Global prices however still remain watched for

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• New Heights: Sensex tops 81,000 mark for the first time, Nifty crosses 24,700

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• Investors seeking higher returns must consider the high-risk, high-reward Alpha investing strategy, especially in growing markets like India. The Nifty200 Alpha 30 Index tracks top 30 companies based on their Alpha score, outperforming the parent index by 10.2% over the past 10 years.

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• SME IT stock was launched in the primary market at ₹42 per equity share

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• With the Indian stock market scaling unprecedented heights and valuations soaring, experts suggest considering some profit-taking in equities and redirecting attention towards precious metals like gold and silver.

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• Sati Poly Plast IPO allotment status can be checked online through NSE website or on the official portal of IPO registrar. Sati Poly Plast IPO registrar is Link Intime India Private Ltd.

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• Market participants are concerned about the rapid increase in stock prices and high valuations. The debate centers around whether these valuations indicate future underperformance. The prevailing narrative shapes stock trajectory, with demand and supply dynamics playing a crucial role.

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• Farm loan waivers in Indian elections pose a risk to banks, with ₹3 trillion waived in 18 states over a decade, leading to a spike in agricultural NPAs. Public sector banks in election-bound states show higher GNPA ratios, while NBFC-MFIs face increasing stress and potential slippages.

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• Multibagger stock: Hi-Tech Pipes Limited declared its higher-ever sales volume while announcing its Q1 results today

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• IndusInd Bank has shown steady improvement in asset quality, achieving lower gross and net slippages in FY24 compared to previous years, positioning itself as a resilient player in the private banking sector.

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• Zen Technologies is a multibagger smallcap stock that has delivered more than 127% return in the past one year. Zen Technologies shares have gained over 72% year-to-date (YTD).

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• Kataria Industries IPO price band has been set at ₹91 to ₹96 per share. The company’s shares will open for subscription on Tuesday, July 16, and closes on Friday, July 19. Shares will be listed on the NSE SME, with a projected listing date of Wednesday, July 24.

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• Investing in smallcap stocks: Proxy players are gaining prominence in the stock market in sectors like paints, auto, infrastructure and entertainment.

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• The revenue from operations for the quarter was ₹392 crore, a 5.3% decrease from ₹414 crore in Q1 FY24. EBITDA also declined by 7.6%, coming in at ₹92 crore compared to ₹100 crore in the previous year. The net profit remained flat at ₹73 crore year-on-year in Q1.

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• An investor on Reddit recently shared their regret over selling shares of Asian Paints following a disappointing quarterly performance and a subsequent stock price decline.

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• Tata Technologies shares may rise after the announcement of Q1 results today, say experts

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• The going could get tougher for Angel One when Sebi’s new norms on ‘true to label’ pricing kick in as it might have to charge brokerage fees and face the risk of losing clients

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• C.E. Info Systems share price plunged 11% on news of Google’s 70% price cut for Indian developers starting August 1, 2024. The company offers location-based services and tailored products. Analysts predict profit booking following recent price gains.

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• Following shares hit their 52 week low today – Mep Infrastructure Developers, Praxis Home Retail, Palred Technologies, Sel Manufacturing Company, Secur Credentials

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• Following shares hit their 52 week high today – Oil & Natural Gas Corporation, Hindustan Unilever, Dabur India, Infosys, Mphasis

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• Stocks to Buy: Multibagger Solar Industries, Azad Engineering, Astral are 3 Defence sector picks by ICICI Securities as ordering activity catches pace. They also have positive rating on Dynamatic Technologies however, await the award of the Pinaka order,

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• Just Dial has reported better-than-expected Q1 results 2024, say experts

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.74512.0 in Delhi whereas 1 kg of silver was Rs.92110.0 in Delhi.

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• Top Stock Recommendations: Osho Krishan, Sr. Analyst, Technical & Derivatives of Angel One, recommends buying Life Insurance Corporation of India, and Torrent Power Ltd.

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• Chris Wood, Global Equity Strategist of Jefferies, believes Donald Trump’s return as US President will be positive for equities. Wood expects Trump to extend tax cuts and resolve the Ukraine-Russia conflict, leading to a drop in oil prices.

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• Bajaj Auto share price has fallen over 5% in one month, while the stock has rallied more than 38% year-to-date (YTD). In the past one year, Bajaj Auto shares have risen over 94%.

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• Infosys share: In Q1 results today, seeing how big deal wins for Infy have translated into the cash-rich company’s revenue would be important, say experts

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• Three M Paper IPO allotment to be finalised today. Check status on Bigshare Services Pvt Ltd. Subscription status was 171.33 times. Investors can verify allotment basis and shares granted. Listing on BSE SME on July 22.

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• With Zerodha Broking as primary membership, users can trade in both equity and commodity segments. The company has also started allowing customers to move to Zerodha Broking even if they were trading commodities.

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• Stocks to buy today: Experts have recommended buying these five buy or sell stocks — Suzlon, Tech Mahindra, Jindal Steel, Adani Total Gas, and Siemens

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• The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 24,665 level, a premium of nearly 25 points from the Nifty futures’ previous close.

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• Stocks to buy or sell: Sumeet Bagadia recommends buying these five breakout stocks today — Camlin Fine Sciences, Vascon Engineers, Chennai Petroleum, Insecticides India, and Sportking India

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• Indian stock market: Gift Nifty was trading around 24,675 level, a premium of nearly 35 points from the Nifty futures’ Tuesday’s close, indicating a mildly positive start for the Indian stock market indices.

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• Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Coal India, IGL, and Arvind

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