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India's Lithium Megatrend




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Sensex Today Ends Near 67,000 | Nifty Closes Above 20,100 | Tata Technologies Closes the Day with 165% Gains
Thu, 30 Nov Closing

Sensex Today Ends Near 67,000 | Nifty Closes Above 20,100 | Tata Technologies Closes the Day with 165% Gains

After starting the day on a flat note, Indian share markets traded in red for most of the trading session and recovered during closing hours to end in green.

Midcap and smallcap stocks witnessed fag-end buying which supported the overall market sentiment.

At the closing bell, the BSE Sensex closed 0.1% higher at 66,988.

Meanwhile, the NSE Nifty closed 0.2% higher at 20,133.

GAIL and Eicher Motors were among the top gainers today.

Reliance Industries and Adani Ports were among the top losers today.

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Special Replay of Today's Event for You

Today, Rahul shared his entire research on this mega opportunity that he calls India's third giant leap.

He also showed how this leap could potentially generate wealth at a scale we have probably never seen before.

Plus, he also shared details of his latest special report covering his top 3 stocks to ride this giant leap with all the viewers.

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Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

The Gift Nifty was trading at 20,287, up by 166 points, at the time of writing.

Broader markets ended on a strong note. The BSE MidCap index closed 0.8% higher and BSE SmallCap index, ended 1% higher.

Sectoral indices ended positively with stocks in the pharma, oil and gas, and realty sector witnessed buying.

Meanwhile, stocks in the banking sector witnessed marginal selling.

Shares of Ultratech Cement, Bajaj Auto and JK Cement hit their 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Asian share markets ended on a positive note. The Hang Seng and Shanghai Composite ended 0.3% in green, while the Nikkei rose 0.5%.

The rupee is trading at 83.37 against the US$.

Gold prices for the latest contract on MCX are trading down 0.2% at Rs 62,654 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 0.1% in red at Rs 77,154 per kg.

Speaking of stock markets, Co-head of Research at Equitymaster, Rahul Shah talks about a little known Tata group company which has more than doubled in the last few months. Is it a trap for retail investors?

Must Read: India's Lithium Megatrend is an Emerging Opportunity for Investors

Tune in to the below video to find out.

Gandhar Oil Refineries' Bumper Listing

Let's start today's news with the recent bumper IPO listings.

Two IPOs saw bumper listings among which Tata Technologies stock debuted with a 140% premium and second is the Gandhar Oil Refinery which got listed at a 75% premium.

Gandhar Oil, known for its Divyol brand, offers a range of products in personal care, healthcare, lubricants, and process insulating oils.

The company IPO had already witnessed a strong demand, being subscribed 64 times on the final day of bidding.

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The IPO included a fresh issue of Rs 3 billion (bn) shares by the company and an offer for sale of Rs 2 bn by promoters and investors.

Qualified institutional buyers subscribed 129 times their allotted shares, retail investors subscribed 29 times, and high net-worth individuals subscribed 62 times.

Gandhar Oil has established enduring relationships with both domestic and global clients, including major names like Procter & Gamble, Unilever, Marico, and more.

In the fiscal year 2022-23, the company experienced a 15.13% growth in revenue, reaching Rs 41 bn, and a 30.3% increase in profit after tax, amounting to Rs 2.1 bn.

Aurobindo Pharma Share Price is Rising. Here's Why...

Moving on with the news from the pharma sector, Aurobindo Pharma's share price rose around 2% today.

The reason behind this surge is that the company's subsidiary Eugia Pharma Specialities, has received final approval from the US food and drug association to manufacture and market an asthma drug called Budesonide Inhalation Suspension.

This drug is equivalent to Pulmicort Respules by Astrazeneca Pharmaceuticals and is expected to be launched in the year 2025.

The estimated market size for this drug is US$ 226.4 million (m) for the twelve months ending September 2023. Going forward, the pharma player can secure a pie of this market size.

Additionally, Aurobindo Pharma recently received approval to market a generic medication for treating HIV-1 infection. The approved product, Darunavir tablets in strengths of 600 mg and 800 mg and is suitable for adult and paediatric patients.

The estimated market size for this HIV medication is US$ 274.8 million for the 12 months ended October 2023.

For more, check out the pharmaceutical sector report and gain more insights on how to conduct research on pharma stocks.

Why HAL Share Price is Rising

From the defence space, Hindustan Aeronautics share price rose over 3% today and also marked the fifth consecutive day gain.

The reason behind this rally is that, the defence acquisitions council (DAC) has given approval for a major defence deal worth Rs 1.4 trillion. The deal includes the purchase of 97 Tejas Aircraft, 156 Prachanda Helicopters and one aircraft carrier.

The new aircraft carrier is capable of holding at least 28 fighter jets and helicopters.

The report also mentioned that India has a broader plan to strengthen its naval capabilities, aiming for 160 warships by 2030 and 175 by 2035, with an estimated cost of Rs 2 trillion. The decision comes amid increased patrols and vigilance in response to growing concerns over China's naval strength.

Amid this development, the shares of Cochin Shipyard also responded positively to the news and were trading more than 3% higher.

Note that HAL shares have gained more than 80% in the year 2023 so far.

The company touched its 52-week high recently and the momentum does not appear to be stopping anytime soon.

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For more, check out why the share price of Hindustan Aeronautics is on an upward trajectory in the recent months and what lies ahead for the company.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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