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"While the consensus earnings for FY2024-25 are in the low teens, we expect the growth to be more in 2H," he said, explaining that elections and heat waves slowed down economic activities during the quarter.

Ajay Devgn’s Panorama Studios has set July 31 as the record date for its 1:5 stock split. Today is the last day to buy shares to qualify. Post-record date purchases won’t benefit from the split.

Mahindra & Mahindra’s stock, after peaking in June, dipped but found support near its 50-day EMA at 2687 and started rising again. Presently, it faces resistance around 2,980 levels. Analyst Deven Mehata advises that surpassing this resistance could push the stock to 3020, recommending a Bull Call Spread strategy to capitalize on potential rises.

UBS downgraded BEL to Neutral but raised the target price to Rs 340. They see positives factored into the stock, leaving little room for surprises, but remain cautiously optimistic about earnings and growth.

Recent tax changes in the Union Budget have increased capital gains tax rates, complicating the task for PMS fund managers to generate higher post-tax returns compared to mutual funds. Despite a historical trend of outperforming mutual funds, PMS schemes now require higher annual returns to stay competitive. Long-term strategies are less impacted, while short-term focused approaches suffer.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 516145.48 Crore) operating in Construction sector.

Five SME IPOs launched for subscription included Bulkcorp International, Sathlokhar Synergys, Kizi Apparels, Ashapura Logistics, and Rajputana Holdings. These companies aimed to raise substantial capital and their unlisted market premiums varied. The IPOs were designed to distribute shares among qualified institutional buyers, retail investors, and non-institutional investors.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 24.44 per cent and 3.22 per cent, respectively.

VVIP Infratech shares listed at a 90% premium on the BSE SME platform, trading at Rs 176.7 compared to the issue price of Rs 93. The IPO saw a subscription rate over 200 times, raising funds for working capital and corporate expenses. The company focuses on infrastructure projects and reported Rs 216 crore in revenues for March 2024.

The Relative Strength Index of the stock stood at 64.88 on Tuesday.