News for Stove Kraft Limited (STOVEKRAFT.NS)

Sensex, Nifty updates on November 26, 2024: Find here all the live updates related to Sensex, Nifty, NSE, BSE, share prices and Indian stock markets for November 26, 2024

Indian indices ended flat on Tuesday, with initial gains offset by profit-booking. Nifty closed at 25,940.4, up 0.01%. Analysts see a range-bound movement between 25,800 and 26,000, with support at 25,600.

The Nifty Bank index was trading 0.48 per cent down at 50334.75.

Benchmarks pared initial losses after starting lower on Monday following new allegations by US-based short-seller Hindenburg Research

SMS Lifesciences Ind, Ola Electric Mobilit, Sakuma Exports, Airan Ltd. and Stove Kraft, hit their fresh 52-week highs at 10:14AM.

The 30-share BSE Sensex pack rose 442 points to hit an all-time high of 69,306.97 while the broader NSE Nifty index moved 126 points up to touch a record high of 20,813.10. Broader market (small- and mid-cap shares) were also positive today.

Stovekraft: Stove Kraft informed about the Income Tax Department's search of its facilities and manufacturing operations on November 22, 2023. There were disruptions in manufacturing and sales operations from November 21 to November 23 at the Baddi location in Himachal Pradesh and from November 22 (afternoon) to November 26 at the Bengaluru location. Following that, production activities at the Bengaluru and Baddi sites were completely restored on November 27 and 24, respectively.

Ashish Kacholia mastery in picking multibagger stocks is evident from the fact that 9 stocks in his portfolio of small & mid-cap stocks have given gains in excess of 100% in FY 2023-24. 3 have…

The company said it will inform about the impact at a later date.

Vinay Rajani of HDFC Securities expects market to remain choppy as far as benchmark indices are concerned. However, stock specific bullish actions may continue to be there.

The IPO is a complete offer for sale (OFS), where promoters and other shareholders will sell shares of ₹5 face value totalling ₹1,750 crore.

In North America, the U.S. is expected to be most lucrative market for Oven, and is expected to hold significant value share in 2022. ...

Trends in SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 121 points

As per the pivot charts, the key support levels for the Nifty are placed at 17,300.27, followed by 17,225.73. If the index moves up, the key resistance levels to watch out for are 17,452.07 and 17,529.33.

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Karan Pai believes that the 17,200 mark in the coming sessions is going to be a key level to watch.

One should use any pullback towards 17,650-17,750 as a selling opportunity with a stop loss of 17,850, says Rajesh Palviya of Axis Securities.