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A total of 6,551 shares changed hands on the counter till 11:57AM (IST).

Nuvama upgraded United Spirits to buy, raising target price to Rs 1,630 from Rs 1,195, citing strong cost controls and healthy margins. Reasons include margin outperformance, growth potential in premium categories, upcoming festive season, H2 demand recovery, Karnataka tax benefits, Andhra policy changes, and potential India-UK FTA.

Indian shrimp farmer stocks soared after new government proposals aimed to boost local aquaculture. Proposals included added financing and reduced taxes on feed imports. India seeks to enhance its global shrimp market share through improved cold-storage and testing facilities.

Larsen and Toubro (L&T)’s shares rose by 2% after it reported a consolidated net profit of Rs 2,786 crore for Q1 FY25. Revenue from operations saw a 15% YoY increase, driven by robust execution in projects and manufacturing. Orders grew by 8%, with strong momentum in the Middle East, per analysts insights.

On the technical charts, the RSI of the stock stood at 52.96.

Finance Minister Nirmala Sitharaman explained that the new 12.5% long-term capital gains tax would cost less without indexation. She highlighted middle-class benefits, including increased standard deductions and subsidies on student loans and housing. She denied political favoritism in budget allocations and affirmed the government’s commitment to anti-corruption measures. Sitharaman urged people to consult the CBDT’s clarifications.

​What happened in the COVID period, there was a gamification. The trading became a video game. You got access through online brokerages and the cost of access with this zero brokerage without realising the STT, the GST in terms of IGST, the exchange charges, the government charges, the stamp duty, all those if you add in it was a hefty sum as well.

Shares of RBL Bank fell 4% to Rs 228 on BSE after a block deal involving Rs 1,081 crores was executed. The stake sale represented a 7.9% equity holding, reportedly sold by Maple II BV. The shares were offered at a 5% discount to the previous close. EQT AB held a 7.89% stake as of June 2024.

On July 24, three stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to the stockedge.com data.