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The stock quoted a 52-week high of Rs 663.4 and a 52-week low of Rs 371.45.

The rupee appreciated by 5 paise to 83.65 per US dollar, supported by a weaker dollar index at 104.29 and RBI intervention. Forex reserves hit $666.854 billion. Sensex fell 264.92 points; Nifty 88.10 points. FIIs invested ₹1,506.12 crore. Brent crude traded at $83.20 per barrel. Previous rupee low was 83.70. Macroeconomic changes and weak US data impacted the dollar.

As of 30-Jun-2024, promoters held 51.46 per cent stake in the company, while FIIs held 11.2 per cent and domestic institutional investors had 5.16 per cent.

HCL Technologies, Data Patterns, and Shriram Finance announce July 23 for dividend eligibility. HCL Tech to pay Rs 12/share on August 1, 2024. Shares closed at Rs 1,594.35. Ex-dividend trading starts July 23. HCL declared 5 interim dividends totaling Rs 66 last year. Confirmed Q2 results. Other dividends include Goodyear Rs 15 and HIL Ltd Rs 22.5/share; T+1 framework.

The push in infrastructure not only creates employment but also kind of creates demand for commercial vehicles. The industry is looking for some more clarity across all new energy vehicles apart from EV and ICE as well.

The government has been acting as a catalyst in past years. I think the government should promote policies that encourage the private sector to do more capex. Remember, all the earnings growth that we have seen in the past couple of years was on the back of the capex done in the last decade.

Early talks on; US ecommerce biggie looking for a buyout or stake via pre-IPO placement. Discussions may face multiple roadblocks, said sources in the know. Legacy ecommerce players like Amazon and Flipkart scouting for quick commerce assets amid rising consumption on rapid delivery platforms like Zomato’s Blinkit, Zepto and Swiggy’s Instamart.

The first-quarter results season shows double-digit revenue growth, but profit growth slows down. Banks and finance companies lead the way with strong performances. Stay updated as more companies announce their results in the coming weeks.

Stock market analysts foresee potential volatility before the Union Budget, with Nifty expected to consolidate or face a deep correction. Traders advised to be cautious and maintain strict stop-loss strategies. Investors suggested to watch market movements closely and consider booking profits in specific stocks.

Investors on Dalal Street are concerned about regulatory risks as authorities discuss curbing speculative trading. With the budget approaching, there is debate over potential tax changes on equities. Market shows mild signs of worry, but experts suggest a relief rally if current tax structure remains unchanged.