Latest Stock Market News

A total of 1,315 shares changed hands on the counter till 12:11PM (IST).

HCL Technologies shares climb 1.3% after reporting a 10.5% increase in Q2 net profit to Rs 4,235 crore, with revenue up by 8.2% to Rs 28,862 crore. Brokerages raise target prices, expecting sustained growth driven by solid deal pipelines and strategic focus on Data & AI, Digital Engineering, and SAP migration.

As of 30-Jun-2024, promoters held 68.58 per cent stake in the company, while FIIs held 11.58 per cent and domestic institutional investors had 3.55 per cent.

Reliance Industries shares fell about 1% following weak Q2 results. The 5% decline in net profit led Motilal Oswal to reduce the target price to Rs 3,255. Other brokerages like Jefferies, CLSA, and Nomura also commented on the results. Future triggers include new energy operations by March 2025 and potential listings of Jio and Retail businesses.

Globe Civil Projects Ltd has filed for an IPO to raise funds through a fresh issue of 1.9 crore equity shares, listing on BSE and NSE. The company will use Rs 75 crore for working capital, Rs 14.06 crore for new equipment, and the remainder for general purposes. Promoters hold 88.

Shares of oil marketing companies Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), and Indian Oil Corporation (IOC) surged up to 5% on Tuesday following a decline in Brent crude prices to $75 per barrel, down 3% for the day. At market opening, Brent crude futures were down $2.26, or 2.9%, and U.S. West Texas Intermediate crude futures fell $2.19, or 3%.

The Relative Strength Index of the stock stood at 51.38 on Tuesday.

The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0.