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Shares of state-owned RITES rose nearly 3% today, peaking at Rs 666.35, following its announcement as the lowest bidder for a $26.74 million project with Tanzania Railways Corporation. The project includes the supply, testing, and commissioning of four Diesel Multiple Units (DMUs) for MGR.

Sandip Sabharwal evaluates various sectors including technology, sugar, defence, and cement. He notes the positive impact of lifted ethanol production restrictions, discusses the high valuations in defence stocks, and explores the future potential for SBI and changes in the cement industry due to ongoing consolidation. Sabharwal also weighs considers whether Paytm can do a Zomato.

Shares of RailTel, SJVN, and NHPC rose nearly 5% after being granted Navratna status. The designation allows significant investments and management authority, boosting their market performance and investor interest.

The price band will be issued on September 3 while the anchor portion will be on September 6, according to the RHP filing.

NBCC Share Price: The bonus shares will be issued from free reserves created from profits, as per the audited financial statements for the year ending March 2024.

Around seven new stocks have been added to the model portfolio and five have been dropped out. The stocks added to the model portfolio include Varun Beverages, ONGC, Larsen & Toubro, Ambuja Cements, HCL Tech, Delhivery, and ITC. The stocks which have been dropped out are Maruti Suzuki, Shree Cement, Wipro, Nestlé, and ICICI Prudential Life.

A total of 4,368 shares changed hands on the counter till 12:08PM (IST).

Promoters held 51.9 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 16.16 per cent and 13.1 per cent, respectively.

Investors can consider six stocks, including Bajaj Finance and Patanjali Foods, for potential returns of up to 25% in the short term. The recommendations are based on technical analysis and key support indicators. Stocks like Brigade Enterprises and Mahindra Logistics are also highlighted for their strong potential following recent bullish patterns.

Tata Technologies Ltd., incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 43509.98 Crore) operating in General sector.