Shares of Hindustan Aeronautics Ltd (HAL) extended losses, falling over 3 per cent despite the aerospace and defence firm announcing a revised Memorandum of Understanding (MoU) with the Aeronautical Development Agency (ADA), bolstering their collaboration on the LCA AF Mk-2 program.A sales note from InCred citing valuation concerns within defence stocks like HAL has likely spooked investors.The br...

Promoters raised their holdings in five Adani Group firms -- Adani Energy Solutions Ltd, Adani Enterprises Ltd, Ambuja Cement Ltd, Adani Power Ltd, and Adani Green Energy Ltd – by pumping in a little over Rs 23,000 crore during the June quarter, the latest shareholding data shows.Promoters raised their holdings in five Adani Group firms -- Adani Energy Solutions Ltd, Adani Enterprises Ltd, Ambuj...

Zydus Lifesciences shares fell 3 percent on July 19 after the company's Jarod injectables manufacturing facility got classified as 'Official Action Indicated' (OAI) by the United States Food and Drug Administration (USFDA).At 10.43 am, shares of Zydus Lifesciences were trading at Rs 1,162.90 apiece on the NSE.This comes after the US drug regulator inspected the facility from April 15-23 this year....

The Nifty IT sector has witnessed a significant long buildup in this series, with large-cap stocks showing a strong reversal in momentum. To capture this momentum, Jay Thakkar, Head of Quantitative and Derivative Research at ICICI Securities, recommends taking a bull call spread in Mphasis Ltd.As of 9:27 am on July 19, shares of Mphasis Ltd were trading at Rs 2,887.20, up by Rs 53.95 or 1.90%.Stra...

Shares of Go Digit General Insurance surged 7 percent to Rs 363 in the morning trade on July 19 after international brokerage Citi initiated coverage with a 'buy' call as it sees multiple levers of growth for the company.Analysts have assigned a price target of Rs 425, implying an upside potential of 25 percent from the current market levels. Citi expects the company's Return on Equity (RoE) to in...