News for Finolex Cables Limited (FINCABLES.BO)

They included names such as BEML Ltd, Cyient DLM Ltd, IRCON International, Mastek Ltd, Karnataka Bank Ltd, Titagarh Rail Systems Ltd and VIP Industries Ltd.

The shares of leading wires and cables manufacturers Polycab India, RR Kabel, KEI Industries, Havells India, and Finolex Cables plunged on Tuesday after Aditya Birla Group company UltraTech Cement announced its entry into the industry.

In the Nifty 50 index, 25 stocks ended in the green, while 25 stocks closed in the red in today's trade.

HCL Technologies, Bharat Electronics, LTI Mindtree, Siemens, and Sun TV Network are the top five companies with the largest estimated excess cash reserves, said the report. The IiAS assessment, drawn from FY24 financial statements, also accounts for acquisitions and announced capital expenditures after the balance sheet date.

Indian benchmark indices ended flat on December 26 as FMCG and bank corrections offset gains in auto and pharma. Analysts highlighted Niftys sideways movement below the 200 DMA, with short-term pressure and support at 23,700/23,600.

The Indian market closed flat on Tuesday, ahead of the Christmas holiday, with gains in FMCG and auto stocks being offset by losses in metal and power stocks. Analysts predict range-bound movement due to economic concerns, Q3 results, and the upcoming Union budget, amidst mixed global market performances.

Stock market holiday: On Friday, the 30-share BSE Sensex pack fell 67 points or 0.09 per cent to settle at 78,473, while the broader NSE Nifty index moved 26 points or 0.11 per cent down to close at 23,728.

As many as 15 stocks hit their 52-week lows today. BSE 500 stocks such as Prince Pipes and Fittings Ltd and Tata Technologies Ltd hit their respective one-year low levels. That said, 250 stocks touched their one-year high levels today.

Dish TV's board crisis intensifies as shareholders, owning nearly 96%, reject new appointments, resulting in 25 director ousters in three years. The situation highlights corporate governance issues amid promoter resistance, impacting company operations and shareholder value.

Punit Goenka, the former director of Zee Entertainment Enterprises, is not the only one who lost his board seat due to shareholders' activism last fortnight. In recent past, institutional shareholders of several companies, including Nestle and Wipro, have pushed back against board proposals by taking an aggressive stance while voting.

Indian markets closed higher on Thursday, led by technology stocks. Positive comments from the US Fed Chair and anticipation of a dovish RBI policy boosted sentiment. FIIs have also started buying Indian stocks.

Buzzing Stocks Today, Stocks that will see action today: Max Healthcare, HFCL, Welspun, PowerGrid, Waaree Renewable, Ambuja Cements, Hyundai, Samvardhana, GIC, BSE, FSN e-Commerce, 3m India, Suven Pharma, eIH, RPower, Sundaram-Clayton

Buzzing Stocks Today, Stocks that will see action today: 4 September 2024 - Raymond, IEX, GIC-RE, Utkarsha SFB, AU SFB, Rane Holdings, Finolex Cables, Cipla, Godrej Phillips, Zee Entertainment, NHPC, GSK Pharma

Power Finance Corp, Vedanta, Tata Power, Britannia Industries, TVS Motor, Bosch, Shree Cement, Solar Industries, Lupin, Linde India, PB Fintech, PI Industries, Berger Paints, Gujarat Gas, and others will announce their June quarter results.

Tejas Shah of JM Financial & BlinkX indicated that support for the Nifty was expected at 23,500 and the 23,300-350 range. On the upside, the immediate resistance zone was projected to be between 23,600-625 levels, with the next resistance zone anticipated at 23,750-800 levels.

Among the stocks in the capital goods sector, Timken India emerged as the top gainer with a rally of 1,736% in the past decade

The 30-share BSE Sensex pack soared more than 500 points to hit a day high of 76,968, while the broader NSE Nifty index moved 155 points up to hit an all-time peak of 23,420.

The NSE Nifty 50 index ended 0.89% higher at 22,821 points and the S&P BSE Sensex rose 0.93% to 75,074, adding to their gains of more than 3% on Wednesday.

Elections 2024: RattanIndia Power Ltd has been the only smallcap stock from the BSE Smallcap index that doubled investor wealth since April 19, the day six-week long elections kicked off.