While most analysts expect London Metal Exchange (LME) aluminium prices to remain around $3,200–3,300 per tonne, Satish Kumar, Managing Director and Head of InCred Research Services, expects prices to correct to $2,400–2,700 per tonne. He said the recent rally has been driven largely by the primary aluminium market, but the growing availability of recycled metal…
Shares of Omaxe Ltd jumped nearly 16% on Monday, June 29, after the real estate developer launched a dedicated hospitality vertical with a planned investment of ₹6,200 crore over the next four to five years to develop 19 hotels across 13 cities in five states. This is its biggest single-day gain since December 23, 2025,…
The last 30 minutes will be crucial for Dalal Street on Monday as the rebalancing for the Nifty indices will take place during this period. Passive flows will be seen in a lot of stocks, which will either see an increase or a decrease in their weightage on the respective indices that they are a…
Shares of Hexaware Technologies Ltd. gained up to 9% on Monday, June 29, reacting to the company became the authorised reseller for Amazon Bedrock, joining a select group of firms globally authorised to resell Claude. As per the agreement, Hexaware can sell, integrate and support Claude models directly to enterprise clients globally, strengthening its AI-first…
Shares of Tata Capital Ltd. declined on Monday, June 29, even as brokerage firm Motilal Oswal initiated coverage on the stock. Motilal Oswal has initiated coverage on Tata Capital with a “neutral” rating and a price target of ₹364 per share, which implies an upside potential of 7% from its earlier closing price last Thursday….
Tata Motors and Castrol India have signed a memorandum of understanding (MoU) on Monday, June 29, to launch a pilot programme aimed at creating a structured ecosystem for the collection, channelisation and recycling of used engine oil, marking a step toward strengthening circularity in India’s lubricant value chain. The initiative will establish a traceable system…
Tata Motors said its proposed acquisition of Italy’s IVECO Group will help create one of the world’s largest commercial vehicle manufacturers, as it outlined its global expansion strategy at its first annual general meeting since the demerger of its commercial vehicles business. The company said the combined entity is expected to rank among the top…
Shares of Supreme Industries are down over 6% on Monday, June 29, after brokerage firm JPMorgan downgraded the stock to “neutral” from its earlier rating of “overweight” and also recommended investors to remain on the sidelines. JPMorgan has also cut its price target on Supreme Industries to ₹3,450 from ₹4,050 earlier. The revised price target…
Shares of Netweb Technologies India Ltd. fell as much as 10% on Monday, June 29, after the company announced that its board will meet later this week to consider a proposal for raising capital. The stock declined as much as 10% to ₹4,450.00 before recovering some losses to trade 8% lower at ₹4,561.65. In an…
The equity benchmark indices BSE Sensex and NSE Nifty ended lower on Monday (June 29), snapping their two-day gaining streak, as losses in heavyweight stocks and banking shares weighed on investor sentiment. The Sensex fell 372 points to close at 76,728, while the Nifty declined 110 points to end at 23,946, slipping below the 23,950…
