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Shares of RVNL surged 8.7% as the company signed an MoU with United Construction of Israel and settled a dispute with KRCL. The stock has seen significant growth over the past year.

The revenue from operations stood at Rs 18,070 crore, which represents a 2% increase compared to Rs 17,737 crore reported by the company in the corresponding quarter of the last financial year. On a sequential basis, the cons PAT was down by 25% over Rs 2,258 crore reported by the cement maker in Q4FY24.

U.S. stocks tumbled on Thursday, as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam.

​​So, given that there is still some catch up to do, given that monetary policy may be constrained, we clearly want to keep consolidating the fiscal. I think the government has been on a very responsible path over the last three years, so we want to keep going down that path, but make sure we do not do it excessively. I think a half a percent of GDP, given where we are economically just seems just right for the moment.

Union Budget 2024, on 23 July, prioritizes fiscal consolidation using RBI windfall. Focus areas: social welfare, affordable housing, increasing PM KISAN to Rs.7,500, tax incentives. NDA 3.0 aids 3 crore households. Strategies include lower interest rates, GIFT City perks, MSME support, rural infrastructure, F&O trading curbs, PSU divestment, Employment Linked Incentives, simpler capital gains tax, and addressing dividend double taxation.

On the technical charts, the RSI of the stock stood at 36.64.

We certainly expect that to continue in the foreseeable future. So, the convergence of the decline in technology solutions and the runoff from VinFast is really what has positioned the relatively flat performance in the first quarter. I think the good news, because of the completion of the transition, is that we are fully confident now of sequential quarter-on-quarter improvement through the rest of the year.

The seventh budget of Finance Minister Nirmala Sitharaman is expected to do a tightrope walk between consumption and investment. Although there may be a push towards consumption-led economic growth for immediate results, sustainable long-term growth requires prioritizing investment as it drives innovation, improves infrastructure, and creates enduring job opportunities, ensuring economic resilience.

A total of 15,504 shares changed hands on the counter till 01:44PM (IST).