Latest Stock Market News

Reliance Industries FMCG arm, Reliance Consumer Products, has acquired a majority stake in Naturedge Beverages. The move marks RCPL’s entry into the healthy functional beverages market with flagship brand Shunya, expanding its portfolio into herbal, natural, and wellness-driven drinks.

Chennai s LGT Business Connextions is set to launch its IPO today. The IPO aims to raise Rs 28.09 crore. The issue includes fresh equity and an offer for sale. The IPO price is Rs 107 per share. The subscription window will remain open until August 21. The company plans to list on the BSE SME platform on August 26.

It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

Shreeji Shipping Global launches its Rs 411 crore IPO. The subscription begins on Tuesday and closes on Thursday. The company plans to use the funds for expansion and debt repayment. The IPO price is Rs 240-252 per share. Analysts suggest subscribing, citing strong market position. However, they also highlight risks like trade fluctuations.

BlueStone Jewellery & Lifestyle will list on the BSE and NSE. The IPO was subscribed 2.72 times. Qualified Institutional Buyers showed strong interest. The company raised money from anchor investors before the IPO. BlueStone reported revenue growth but also a net loss. Market watchers anticipate a muted listing. The stock s performance will depend on achieving profitability.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Ajay Tyagi of UTI AMC suggests that while overall market valuations have softened, mid and small caps remain expensive, potentially needing further correction. He anticipates challenges in alpha generation due to external factors but sees opportunities as market froth dissipates.

Market-neutral strategies show resilience amidst global economic challenges. Puneet Sharma of Whitespace Alpha discusses the impact of US tariffs and FII flows. He notes opportunities arise from market volatility. Sharma highlights mixed Q1 results across sectors like banking, auto, and IT. He advises caution, not panic, regarding FII selling.

Vodafone Idea s outgoing CEO, Akshaya Moondra, said the telco is exploring non-banking funding options to maintain its capex plans. Banks are awaiting clarity on the AGR issue before extending fresh loans, keeping funding challenges at the forefront.