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Vedanta shares rise 4.26% as Nifty gains

Updated at : 2024-08-07 11:20:02

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The stock quoted a 52-week high price of Rs 506.85 and a 52-week low of Rs 207.85.

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The Nifty Realty index closed 0.84 per cent up at 1000.6.

Footwear firm Bata India Ltd reported a 61.7% increase in standalone net profit to Rs. 174.37 crores in the first quarter ended June 2024, compared to Rs. 107.84 crores in the corresponding quarter of the previous year.

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

I believe the focus on policy continuity has been the key driver of gains. Likewise, for the capital gains, I do believe that markets were surprised but have taken these in their stead.

Axis Capital maintained an Add rating on Tata Power and raised the target price to Rs 500 from Rs 358. Investec also increased its target price to Rs 467 from Rs 412, maintaining a Hold rating. Tata Power, benefiting from strong management and a potential discom privatization push, aims to add 5.3 GW of RES and execute 3 GW of EPC projects.

On the options front, the maximum Call Open Interest (OI) is 25,000 and 26,000 strikes, while the maximum Put OI is 24,000 and 23,500 strikes. Call writing is observed at 25,000 and 24,200 strikes, and Put writing at 23,700 and 23,500 strikes.

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