CEAT Tyres hits 20 percent upper circuit

The Markets Today in a nutshell

• Domestic benchmark indices ended on a negative note.
• Lack of fresh triggers and subdued global cues weighed on the sentiment. The mid-cap space, however, showed some resilience. Pharma and technology counters were under pressure. Gains came from some old economy names like Adani Ports, NTPC, Power Grid Corp. Auto shares also performed well. Tyre stocks zoomed across the board.

Capital Flows

News you could use

?Maruti Suzuki adds 3 percent in an otherwise tepid market
Global investment firm Bank of America Securities revised the target on the stock price to Rs 10,500 apiece from Rs 9,500 earlier. Analysts at the global brokerage believe that Maruti Suzuki is set to make a solid comeback on the back of promising new launches.

?PVR share price declined over 4 percent on huge block deal
The stock declined over 4 percent after a huge block deal in which around 4.7 million shares changed hands, Bloomberg reported. On Wednesday, four investors in movie theatre chain PVR Ltd to offload a 7.7 stake in the company through a single block deal. The four included Multiples PE, Grey Birch, Plenty PE and Berry Invt.
 
?CEAT Tyres hits 20 percent upper circuit
The company hosted its annual investor meet recently to highlight its strategic roadmap. The company aims to double exports revenue to Rs 3,500 crore by FY26 from Rs 1,800 crore in FY22. Management emphasised its focus to increase market share across key segments and improve margin & return ratios.

News from the IPO world?

• Baba Ramdev to announce IPO plans of 5 Patanjali group companies.
• BYJU’s delays IPO.
• Harsh Engineers IPO bought 10.35 times in second day.

Numbers? that matter