News for Rajratan Global Wire Limited (RAJGLOWIR.BO)

Stocks to watch today, July 31, 2024: GIFT Nifty indicates a somber start for the benchmark equity indices on Wednesday. Here are buzzing stocks to watch during today's trading session

Stocks to watch today, July 30, 2024: GIFT Nifty indicates a lacklustre start for the benchmark equity indices on Tuesday. Here are buzzing stocks to watch during today's trading session

The New Delhi-based Bansal Wire Industries is selling its shares in the price band of Rs 243-256 apiece. Investors can apply for a minimum of 58 shares and its multiples thereafter.

Reliance Industries, Hatsun Agro Products, Tejas Networks and Aditya Birla Money are among companies that will announce results for the March quarter today.

Q3 Results today: Major banks like ICICI Bank, IDBI Bank, IDFC First Bank, Kotak Mahindra Bank, and Union Bank of India will release their Q3 results, among 40 companies.

Nifty futures on the NSE International Exchange traded 24 points, or 0.11 per cent, lower at 21,697.50, hinting at a positive start for the domestic market on Saturday.

A short build-up was seen in 61 stocks, including HDFC Bank, Reliance Industries, Hero MotoCorp, Berger Paints, and Vedanta. An increase in OI along with a fall in price points to a build-up of short positions

BSE's barometer Sensex tanked 887.64 points, or 1.31 per cent, to end the session at 66,684.26, while NSE's Nifty50 plunged 234 points, or 1.17 per cent, to settle at 19,745 for the day.

Multibagger stock: Rajratan Global Wire shares, which closed at Rs 44.2 on June 19, 2020, rose to Rs 880.15 on the BSE on June 20, 2023. Market cap of the firm climbed to Rs 4382.81 crore on BSE.

East India Securities recommended hold rating on Rajratan Global Wire with a target price of Rs 798 in its research report dated April 25, 2023.

BSE Sesnex added merely 22.71 points, 0.04 per cent, to end the week at 59,655.06, while NSE's Nifty50 settled flat, just 0.40 points up to 17,624.05 for the day.

Based on the OI percentage, 70 stocks, including ICICI Prudential Life Insurance, City Union Bank, Navin Fluorine International, HDFC AMC, and Jubilant Foodworks, saw long build-ups.

During the week, foreign institutional investors bought equities worth of Rs 3,986.25 crore while domestic institutional investors sold equities worth of Rs 1,240.47 crore

In Samvat 2078, the BSE smallcap index fell 1.16 percent, the midcap index slipped 4.5 percent and the largecap index skidded 1 percent

During the week, foreign institutional investors (FIIs) bought equities worth Rs 1,324.34 crore of equities, while domestic institutional investors (DIIs) bought equities worth of Rs 3,569.49 crore

On August 11, the Indian stock market turns green. Nifty opens at 17,711.65 points, and Sensex Opens at 59,320.45 points today. Till 10.25 am, Nifty 50 stood at 17,684.55 points, up by 0.85%, while Sensex stood at 59,395.56 points, up by 0.98%. Major banking indices are sharply bullish today, Nifty PSU Bank up 2.67%, Nifty Private up by 1.36%. Additionally, Nifty IT gained by 0.86%.

Based on the open interest future percentage, a long unwinding was seen in 91 stocks including Alembic Pharma, United Breweries, Honeywell Automation, Strides Pharma Science, and Ipca Laboratories

As many as 491 stocks on the BSE soared more than 500 per cent during the period.

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