Latest Stock Market News

On Monday, Nifty nearly hit 25k but retraced, while Sensex reached a new peak at 81,908. Both indices closed flat, with minimal changes.

The 30-share BSE benchmark Sensex rose 23 points or 0.03% to settle at 81,355. The broader NSE Nifty gained 1.25 points or 0.01% to end at 24,836. From the Sensex pack, L&T, Bajaj Finserv, M&M, UltraTech Cement, and SBI were the top gainers, rising 1-2.8% higher. On the other hand, Titan, Bharti Airtel, ITC, Tech Mahindra, and Kotak Bank ended in the red.

Book publishing small cap company Navneet Education today announced that its board of directors will consider a buyback of shares in the upcoming board meeting of the company, scheduled on August 1. The shares of the company surged 5% to Rs 163.20 on BSE following this announcement.

The state-owned fuel retailer had reported Rs 6,203.9 crore in the corresponding quarter of the last fiscal year.

As Nifty almost hit the 25k milestone on Monday, Zerodha founder Nithin Kamath recalled that the index stood at just 4,500 level when he started the discount broking platform.

Under the OFS, up to 8.5 lakh equity shares by Swapnil Jatinbhai Shah, up to 5.5 lakh equity shares by Ashokkumar Vijaysinh Barot, up to 3 lakh equity shares by Sangeeta Mukur Barot and up to 10 lakh by Prakash M Sanghvi will be offloaded.

He added that during the quarter, ATGL received approval from the regulator for the transfer of a Letter of Authorization for the Jalandhar geographical area (GA) which provides high volume growth opportunity to the company.

BEL Q1 Results 2024: Bharat Electronics (BEL) posted a 46% year-over-year increase in Q1 2024 standalone net profit, reaching Rs 776.14 crore. Revenue climbed 19.6% year-over-year to Rs 4,198.77 crore. However, quarterly net profit and revenue dropped significantly. Shares rose 5% post-results. BEL secured major contracts, including one with Armoured Vehicles Nigam Limited, boosting its order book.

The stock quoted a 52-week high of Rs 42850.0 and a 52-week low of Rs 33100.0.

The list was curated focussing on stocks with a market cap exceeding Rs 10,000 crore and it included only those that have gained over 100% in the past one year. As a result, 13 stocks made the cut.