News for NCL Industries Limited (NCLIND.NS)

"In the current financial year, Rs 15,000 crore will be arranged, with additional amounts in future years. We will facilitate financial support through multilateral agencies," said FM Sitharaman

Stocks to watch: Check out the companies making headlines before the opening bell today, on April 9, 2024.

Sensex, Nifty updates| Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 01 April 2024. Stock markets started the new fiscal on a firm note on Monday with benchmark Sensex and Nifty scaling fresh record high levels in intra-day trade before settling in the green, backed by firm trends in Asian markets and foreign fund inflows. Extending its winning momentum to the third day in a row, the 30-share BSE Sensex jumped 363.20 points or 0.49 per cent to settle at 74,014.55. During the day, it zoomed 603.27 points or 0.81 per cent to hit its record intra-day high of 74,254.62.

The cement boards production rose 12 percent to 21,509 metric tonnes, and cement boards dispatches increased by 9 percent to 20,239 metric tonnes.

Stocks to watch: Check out the companies making headlines before the opening bell today, on October 11, 2023.

Based on the OI percentage, 82 stocks were on the short-covering list. These included City Union Bank, MCX India, L&T Finance Holdings, ABB India, and Kotak Mahindra Bank

Indian equities climbed up by 1% as the Reliance Industries and IT giant stocks surged upwards. Domestic investors are optimistic that India's FY23 GDP is expected to exceed the earlier growth rate of 7.0%, as the country is likely to have a normal monsoon and consistent FII buying, boosting its economic growth further. The bullish trend is likely to continue, and traders are looking for a broader range of support and resistance levels. Elsewhere, US talks of raising the debt ceiling have led to a growth in European shares and Wall Street's indexes.

Net Sales at Rs 434.88 crore in March 2023 down 2.36% from Rs. 445.41 crore in March 2022. Quarterly Net Profit at Rs. 10.82 crore in March 2023 down 37.55% fr...

Stocks shook off a weak start and ended higher on Wall Street even as worries about banks on both sides of the Atlantic continue to weigh on markets. The S&P 500 rose 0.6% Friday, marking its second straight weekly gain. The Dow Jones Industrial Average and the Nasdaq composite also rose. Treasury yields stabilized after an early drop.

“Nifty ended at the lowest since mid October. A breach of 17087 level on the Nifty could result in a fall towards 16747. Up moves could face resistance at 17325,” said Deepak Jasani, Retail Research Head, HDFC Securities, said.

Anand Rathi, a leading brokerage firm, has recently published a report on NCL Industries Limited, suggesting buy the stock of the company for the target price of Rs 240 apiece. The brokerage claims 33% potential gains if the stock of the company is purchased at the current market price, we consider the estimated target price. NCL Industries is a small cap Cement company

Indian equity markets on Friday bounced back slightly from Thursday's rout as the key benchmark indices were trading higher amid high volatility, mixed global cues. In noon deals, the BSE Sensex was up 600 points to 53,550, while the NSE Nifty 50 was around 16,000 level.

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If the hurdle of 18,200 gets broken decisively on the upside, then the present negative chart pattern could be nullified and the market could continue with further upside, says Nagaraj Shetti of HDFC Securities.

The weekly trading set up suggests 17,800 would be the immediate hurdle for Nifty. If it succeeds to trade above the same, we can expect a pullback rally up to 17,920-18,000-18,070, says Shrikant Chouhan of Kotak Securities.

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Nagaraj Shetti of HDFC Securities said that although Nifty is placed at the new highs, still there is no indication of any tiredness or reversal pattern at the highs.

Mazhar Mohammad of Chartviewindia.in said the selling at highs hints at the lack of conviction on the part of bulls to push Nifty50 higher.