Share Market Today Live Updates May 30, 2024: Hero FinCorp IPO: Hero MotoCorp arm to raise ₹400-crore via IPO

• Hero FinCorp IPO: Hero FinCorp, the financial services division of Hero MotoCorp, approved a ₹4,000 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by existing shareholders.

Read the full story here

• Aimtron Electronics IPO price band is set at ₹153 to ₹161 per share. At the upper-end of the price band, Aimtron Electronics IPO size comes at ₹87.02 crore. The book-built issue is entirely a fresh issue of 54.05 lakh equity shares.

Read the full story here

• Q4 results 2024 effect: Penny stock today opened upside and touched intraday high of ₹6.44 apiece

Read the full story here

• Tata Steel’s shares fell by nearly 5% post Q4 FY24 results, with consolidated net profit declining by 64.59% to ₹554.56 crore. Revenue dropped in India, Netherlands, and UK, leading to a full-year revenue decrease.

Read the full story here

• Weak demand, particularly in the mid-range segment, is a worry.
• The revamp of the ‘Judge’ brand and likely improvement in exports might offer some relief in FY25

Read the full story here

• Global brokerage CLSA has identified 54 ‘Modi stocks’, mainly PSUs, expected to benefit from the current government’s likely comeback. These stocks have rallied ahead of the election results on June 4, 2024, with a 50% increase on average compared to Nifty’s 14% rise.

Read the full story here

• The current price-to-earnings multiple of mostelectronics manufacturing services companies, including Dixon Technologies, Kaynes Technology, Syrma SGS Technology, and Avalon Technologies, is higher than their five-year average PE ratios

Read the full story here

• Lok Sabha elections 2024 could possibly throw up different scenarios. Based on the outcome, markets would react accordingly. So, how the benchmark indices Nifty50 and BSE Sensex react would be a function of the exact outcome of Lok Sabha polls 2024.

Read the full story here

• Awfis Space Solutions share price listed on the Indian bourses at around 13.50% premium

Read the full story here

• Growing retail investor confidence drives strong interest in SME IPOs. Companies like Australian Premium Solar and Pratham EPC Projects witness substantial gains post listing. However, caution is advised, as some companies like MVK Agro Food Product are trading below issue price.

Read the full story here

• Adani Green: Snowcap Research publishes critical report on Adani Group firm, says report

Read the full story here

• Bata India’s shares rose 3% after the company posted Q4FY24 results. While a 3.02% decline was seen in the net profit, the revenue increased by 2.47%. The company recommended a dividend of ₹12 per share for FY24.

Read the full story here

• The spike in US Treasury yields have also spooked the risky assets globally. The US stock market witnessed sharp declines, with the Asian and Indian equity markets reflating similar moves over the past few sessions.

Read the full story here

• Phillip Capital predicts BJP-led NDA’s re-election in 2024, dismissing concerns over low voter turnout. The brokerage firm sees three scenarios for Lok Sabha election outcome, all pointing towards NDA retaining power.

Read the full story here

• Vilas Transcore IPO allotment status will be out today. Investors can check the status on Bigshare Services Pvt Ltd portal. Refunds for unawarded shares will start on Friday.

Read the full story here

• Following shares hit their 52 week low today – Indoco Remedies, KRBL, Route Mobile, RAJRATAN GLO, Kaya

Read the full story here

• Following shares hit their 52 week high today – Uno Minda, Indian Bank, Samvardhana Motherson International, Aditya Birla Fashion & Retail, Cummins India

Read the full story here

• Stock market crash: Ahead of Lok Sabha Election results, the BSE Sensex has fallen from 75,390 to the 74,030 mark in the last three straight sessions

Read the full story here

• These audio-visual presentation at the time of public issues will categorically mention that investors are advised not to rely on any other content displayed anywhere else including on social media channels such as You Tube, X, Facebook and Instagram shared by fin-fluencers.

Read the full story here

• These 5 stocks have the potential to stay ahead of the stock market.

Read the full story here

• KFin Technologies stock fell over 7% after a block deal at a floor price of ₹720. General Atlantic planned to sell up to 6.8% stake, potentially raising ₹833.3 crore. The company reported a 30.6% YoY increase in profit for Q4FY24.

Read the full story here

• IRB Infrastructure’s share price fell by 13% as a result of a block deal involving 225 million shares. The sellers are IRB Holding Pvt. Ltd. and Deepali Virendra Mhaiskar. The offer price ranges from ₹63.0 to ₹72.7 per share.

Read the full story here

• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.74658.0 in Delhi whereas 1 kg of silver was Rs.94400.0 in Delhi.

Read the full story here

• Top Stock Recommendations: Osho Krishan, Sr. Analyst, Technical & Derivatives of Angel One, recommends buying Great Eastern Shipping Company Ltd, and NHPC Ltd today.

Read the full story here

• While banks and non-bank lenders were the major borrowers in the dollar bond and loan market in the last three months, other companies have also expressed interest and are rushing to global rating agencies to rate their issuances

Read the full story here

• Awfis Space Solutions share price had a successful debut on the stock exchange, opening at ₹435 on NSE and ₹432.25 on BSE. Market experts predicted an opening range of ₹500 to ₹510 per share.

Read the full story here

• Emami posted a net profit of ₹146.75 crore for the fourth quarter of FY24, an increase of 3.62% from ₹141.62 crore in the year-ago quarter.

Read the full story here

• Stock Market Today: Alkem Laboratories share price dipped more than 9% in the opening trades on Thursday post Q4 Result that were declared after the market hours on Wednesday.

Read the full story here

• Stocks to buy today: Sumeet Bagadia has recommended buying five breakout stocks today — Mazagon Dock, Grindwell, Bajaj Auto, Sumitomo Chemical, and Paras Defence

Read the full story here

• Edelweiss Financial Services share price cracked as much as 17 per cent in early trade on BSE on Thursday, May 30, after the Reserve Bank of India imposed business restrictions on two Edelweiss group entities.

Read the full story here

• Just four giant technology stocks added more market value than the rest of the S&P 500 put together this month. More than half of the gain came from Nvidia.

Read the full story here

• Kronox Lab Sciences IPO price band fixed at ₹129-136 per share, subscription from June 3-5. Allocation to anchor investors on May 31. Lot size 110 shares. Promoters are Jogindersingh Jaswal, Ketan Ramani, and Pritesh Ramani

Read the full story here

• Before Market Opens: Indian markets are set to open on a lower note on Thursday following rise in bond yields and fall in global peers ahead of US GDP data due tomorrow. Meanwhile, Gift Nifty was also trading 71 points lower. Let’s take a look at some key cues before the market opens today:

Read the full story here

• Stock market today: Experts have recommended these five buy or sell stocks for today — Bajaj Auto, Zydus Wellness, Bharat Forge, Oberoi Realty, and Divi’s Laboratories

Read the full story here

• Here are a few stocks likely to be in focus on Thursday, May 30:

Read the full story here

• According to US exchanges, decision on where to list depends on ‘higher prices for stock’. Nasdaq chief economist Phil Mackintosh in January wrote that US’ market valuation stood at an average of 20.6 times forward price-to-earnings, higher than Europe and Asia-Pacific excluding Japan.

Read the full story here

• The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,660 level, a discount of nearly 70 points from the Nifty futures’ previous close.

Read the full story here

• Indian stock market: Asian markets traded lower, while the US stocks ended in the red overnight dragged by higher Treasury yields and concern over the timing and scale of possible interest rate cuts from the US Federal Reserve.

Read the full story here

• Buy or sell stocks: Vaishali Parekh has recommeneded three stocks to buy today — NHPC, Dr Reddy’s Laboratories, and Ambuja Cements

Read the full story here

• Awfis Space Solutions IPO GMP: The grey market is signalling that Awfis Space Solutions IPO listing price would be around ₹510, say market observers

Read the full story here

• Aditya Birla Fashion and Retail, GMR Airports Infrastructure, Hindustan Copper, and Vodafone Idea are among the four stocks on the NSE’s F&O ban list for May 30

Read the full story here

• GPT Infraprojects had declared an interim dividend of ₹1.00 per equity share, LT Foods had declared an interim dividend of ₹0.50 per equity share

Read the full story here

• The Client category’s bullish bets on Nifty and Bank Nifty futures contracts are down to a sixth in just a fortnight, while FPIs have taken an opposing view.
• In the recent past, whenever Client swung to extreme shorts from longs and FPIs to extreme longs from shorts, the markets have topped out.

Read the full story here