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Shares of Mahindra & Mahindra increased by over 3% after launching the new Thar ROXX SUV, starting at ₹12.99 lakh. Analysts expect it to boost sales significantly, with Morgan Stanley and Nomura projecting high demand. Bookings begin on October 3, with test drives starting from September 14. The SUV is available in six variants.

Shares of Hindustan Aeronautics (HAL) rose 3% to Rs 4,787.70 on the BSE after reporting a consolidated net profit of Rs 1,437 crore for Q1 FY24, a 77% increase from Rs 814 crore a year ago. Revenue from operations also grew 11% YoY to Rs 4,347 crore, up from Rs 3,915 crore.

enco reported a big beat to our Q1 EBITDA/PAT estimates led by better gross margin (up by ~500bps YoY). The sudden spike in gold price and operating challenges led to a modest retail revenue growth of 11% in Q1, in line with muted trends seen in TTAN.

A long buildup occurs when there is an increase in open interest and trading volumes, along with a rise in the price of the underlying stock in the Futures and Options segment.

Smartworks Coworking Spaces Ltd filed papers with Sebi for an IPO to raise funds, including Rs 550 crore worth of fresh equity shares and an Offer For Sale of 67.59 lakh shares by promoters. The company plans to use the funds for new centre fit-outs, loan payments, and corporate purposes. The company focuses on mid-to-large businesses needing over 300 seats.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The 200-day DMA is a key indicator used by traders to determine the overall trend of a stock.