Mad At Stocks

Rally on tech stocks may continue after tech major Infosys, TCS and Wipro reported strong Q1 results. Mid-cap tech major L&T Infotech has also reported better than expected Q1 results. Infosys EBIT margin guidance (21%-23%) is again a big positive surprise in the market. #MOMarketUpdates #Infosys #TCS #Wipro #Nifty50 #Indianstockmarket #MotilalOswal

Airtel Allies With Verizon to Offer Video Calling in India - India’s No. 2 mobile phone carrier is allying with Verizon Communications to offer group video calling, a service that’s booming as the pandemic has made face-to-face meetings too risky for many. Bharti Airtel will provide Verizon’s Blue Jeans platform in India. Market Cap is in crs. #MOMarketUpdates #Airtel #MotilalOswal #Nifty50 #NSE #BSE #IndianStockMarket #Investing

1) CEO Sundar Pichai announced a $10b Google for India Digitization Fund to help accelerate India's digital economy, according to a company announcement. Google will invest in India over the next 5 to 7 years. 2) Yes Bank the FPO as the floor price has been set at ₹12, almost 50% lower than the market price. The stock has fallen nearly 17% from its Thursday closing. Yes Bank aims to raise fresh capital of ₹15,000 crores through the further purchase offer (FPO). Out of this, ₹200 crores worth of equity shares will be reserved for its employees. A minimum bid of 1,000 equity shares will be allowed and in multiples of 1,000 equity shares after that. 3) Reliance Industries on Monday became the first Indian company to reach a market capitalisation of above Rs12 trillion as its shares doubled since mid-March. The company will also hold its annual general meeting (AGM) this week (15th July). 4) Biocon announced that its "breakthrough drug," Itolizumab received Drugs Controller General of India's approval for its use in moderate to severe Covid-19 patients. 5) Morgan Stanley has reached a deal to lease up to 1.1 million square feet of office space for 9.5 years from Oberoi Realty. The campus will be located in Goregaon, at the company's Commerz III building and will be ready in 2023. #MOMarketUpdates #Google #YesBank #Reliance #Biocon #MorganStanley #indianstockmarket #equity #stocks #NSE #Nifty50 #BSE #MotilalOswal

Reliance is witnessing smart rally after the news that the BP and Reliance Industries completed a new Indian fuels and mobility joint venture. BP paid Reliance $1bn for a 49% stake in the JV, with the Indian company holding the remaining 51%. The venture expects to expand from RIL’s current fuel retailing network of over 1,400 retail sites and 30 aviation fuel stations across India to as many as 5,500 retail sites over the next five years. Reliance surged over 3% to closed at Rs1881 amid 2.1cr shares traded on NSE. #MOMarketUpdates #Reliance #Stockmarket #bullish #MotilalOswal #investment

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Private Labs like Metropolis, Dr Lal Path Labs and Thyrocare gained 1-3% after the Maharashtra Government said that the people can test themselves for coronavirus infection at designated private laboratories in Mumbai without a doctor’s prescription. Earlier, a doctor’s prescription was needed for a test. #MOMarketUpdates #motilaloswal #metropolis #thyrocare #pathlabs #drlalpathlabs #covid #mumbai #stockmarket #nifty #sensex

Bajaj Finance assets under moratorium has reduced to 15.5% as of June 30 from 27% in April 30. The sharp reduction in moratorium is very positive. #MOMarketUpdates #MotilalOswal #bajajfinance #stockmarket #nifty #sensex

HDFC Bank gained approx. 3% today. In an exchange filing, the bank said that its deposits increased 25% to Rs 11,89,500 crore in Q1 FY21 versus Rs 9,54,600 crore in Q1 FY20. In the January-March quarter, deposits stood at Rs 11,47,500 crore. The bank advances grew by 21% year-on-year (YoY) in the April-June quarter to Rs 10,04,500 crore, compared to Rs 8,29,700 crore in the year-ago period. In Q4 FY2o advances stood at Rs 9,93,700 crore. ... #MOMarketUpdates #MotilalOswal #HDFC #hdfcbank #marketupdates #marketinformation #stocknews #privatebank #NSE #updates #marketcap #stockprice #markettoday #sharebazar #dalalstreet

The Indian Railways is seeking investment from private players to operate high-speed passenger trains in the country, as it aims to reduce travel time and expand capacity.The Ministry of Railways has invited requests for qualifications from private firms to operate passenger train services in over 109 origin-destination routes through 151 modern trains. Majority of the trains would be manufactured in India, according to the ministry. #MOMarketUpdates #MotilalOswal #stocknews #railway #irctc #railwaystocks #growth #updates #stcokupdate #fundraiser #investment #trainstocks #markettoday #marketinformation