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The Nifty Realty index closed 1.83 per cent up at 1018.95.

Life Insurance Corporation of India (LIC) released its Q1 results, revealing anticipations of a 9-33% annual premium equivalent (APE) growth and a 37% boost in value of new business (VNB). Yes Securities estimated APE at Rs 12,705 crore and VNB at Rs 1,780 crore, showing significant year-on-year increases.

The Relative Strength Index of the stock stood at 72.89 on Thursday.

Shares of Apollo Tyres dropped by 3% after it reported a 24% decline in net profit to Rs 302 crore for Q1 FY25, attributed to lower sales and higher raw material costs. Despite a 1.4% increase in revenue, EBITDA fell by 13.5%.

​Yes, somebody who is in the value part can change merchandise and still do very well, so that remains to be seen. But we are not for value. I think roti, kapda, makan kind of stuff is completed for India. Whatever is left will be done over the next two-three years. So, if you see volume growth in the base categories, they are tending towards zero very quickly. Premiumisation is the story.

InCred Equities shared stock picks to navigate the fluctuating Indian equity market. Large-cap suggestions like HDFC Bank and Maruti Suzuki highlight major plays, while small-cap recommendations include Aditya Birla Sunlife AMC and BCL Industries. The list aims to offer potential high returns despite market volatility.

Aesthetik Engineers Jewels opened its SME IPO to raise Rs 26.47 crore by issuing 45.48 lakh fresh equity shares at Rs 55-58 per share. The company, known for facade systems, reported Rs 60 crore in revenues for the last fiscal year. The IPO closes on August 12 and is expected to list on August 16.

The stock quoted a 52-week high of Rs 653.9 and a 52-week low of Rs 208.05.

Suzlon Energy shares surged 33% to Rs 73.04 since its Q1 FY25 results on July 22, driven by a 200% YoY profit jump to Rs 302 crore. Revenue rose 50% to Rs 2,016 crore, and EBITDA increased 86% to Rs 370 crore. The stock hit a 5% upper circuit today and has reached it 7 times in 13 sessions.

Shree Cement faced a 4% drop in shares as it posted a 51% decrease in net profit for the June quarter, down to Rs 278.6 crore. Revenues saw a slight increase to Rs 5,123.9 crore, but higher expenses offset gains. Brokerages had varied opinions, noting concerns about weak demand and geographic expansion.