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Time of India
8 hours ago
- Business
- Time of India
Sensex Rejig: Trent, BEL to see over $700 million in inflows; Nestle, IndusInd face exit
The BSE Sensex is set for a reshuffle next week, with Tata Group's Trent and Bharat Electronics (BEL) entering the benchmark 30-share index, replacing Nestle India and IndusInd Bank . The changes, announced earlier, will take effect from Monday, June 24, while passive fund flows linked to the rejig are expected on June 20. According to estimates by Nuvama Alternative Research, Bharat Electronics could see inflows of around $378 million — approximately 2.8 times its average daily volume (ADV). BEL shares have rallied 38% over the last six months, driven by strong interest in defence sector stocks. Trent, the Tata Group's retail arm, may witness passive inflows of $330 million, or 5.8 times its ADV. Despite a 15% decline over the past six months, Trent remains a key large-cap component in the BSE 100 index. Also Read: Adani Energy among 8 Nifty500 stocks that may rally over 50% in next 12 months On the other hand, Nestle India is likely to see outflows of $230 million — roughly 10.7 times its average daily volume (ADV) — following its removal from the index. The stock has gained 8% over the last six months. Live Events IndusInd Bank, which has faced scrutiny over governance concerns in recent months, will also be excluded. The lender may see outflows of $145 million, equivalent to about 1.9 times its ADV. Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% Among other changes, UltraTech Cement will see a marginal weight increase, with estimated inflows of $4 million. Meanwhile, index heavyweights such as HDFC Bank , Bharti Airtel , Reliance Industries , ICICI Bank , Infosys , Sun Pharma , L&T, and ITC are expected to see minor weight reductions, possibly resulting in limited passive outflows. Separately, the FTSE index rejig is also expected to trigger significant inflows into several Indian stocks. Vishal Mega Mart may see the highest inflow at $115 million, followed by Hyundai Motor India ($56 million), Waaree Energies ($49 million), Swiggy ($32 million), and NTPC Green Energy ($22 million). Additionally, Reliance Industries could receive $57 million in inflows, with an estimated 3 million shares being added—though this represents only 0.3 times its average daily volume (ADV). Other companies expected to be included in the FTSE indices include Afcons Infrastructure, OneSource Specialty Pharma, Sai Life Sciences, and Inventurus Knowledge. Index rebalancing exercises are closely tracked by investors as they influence passive fund flows and reflect broader market trends. These adjustments help ensure that benchmark indices such as the Sensex remain aligned with India's evolving equity landscape. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) ETMarkets WhatsApp channel )
Economic Times
9 hours ago
- Business
- Economic Times
LTIMindtree shares in focus after launch of BlueVerse AI ecosystem for enterprises
LTIMindtree shares will be in focus on Friday after the company announced the launch of BlueVerse, a new business unit offering a suite of artificial intelligence (AI) services and solutions for enterprises. ADVERTISEMENT The BlueVerse Marketplace currently features over 300 industry- and function-specific AI agents. It also includes productised services built on repeatable frameworks, accelerators, and sector-specific solution kits. At launch, the unit will offer pre-built solutions for marketing services and contact centre as a service (CCaaS), the latter leveraging context-aware AI agents to improve efficiency. The ecosystem also includes BlueVerse Foundry, which features a no-code designer and a flexible pro-code editor to help users build and deploy AI agents, tools, assistants, RAG (Retrieval-Augmented Generation) pipelines, and intelligent business processes. "BlueVerse is all about unlocking productivity for businesses at different levels by embedding AI across all functions of the enterprise. Backed by a strategic partnership ecosystem and deep AI expertise, it positions LTIMindtree as the partner of choice for future-ready organisations." said Venu Lambu, chief executive officer and managing director at LTIMindtree. Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% According to Trendlyne, the average target price for LTIMindtree is Rs 4,945, indicating a potential downside of around 8% from current levels. Of the 40 analysts tracking the stock, the consensus rating is 'Buy'. ADVERTISEMENT On the technical front, the stock's Relative Strength Index (RSI) stands at 65.3, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) is at 155.2 — above both the centre and signal lines, which is seen as a bullish signal. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? ADVERTISEMENT LTIMindtree shares closed 1.4% lower at Rs 5,371 on the BSE on Thursday. The stock has declined 5% year-to-date and is down 14% over the past six months. The company's current market capitalisation stands at Rs 1,59,170 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
9 hours ago
- Business
- Time of India
CONCOR shares in focus as Navratna PSU sets July 4 record date for 1:4 bonus issue
Shares of Container Corporation of India ( CONCOR ) will be in focus on Friday after the Navratna PSU announced a 1:4 bonus share issue and fixed July 4, 2025, as the record date to determine eligible shareholders. The bonus shares will be issued in the ratio of one fully paid-up equity share for every four shares held, subject to shareholder approval . As per SEBI guidelines , the deemed allotment date for the bonus shares is July 7, 2025, with trading expected to commence on July 8, 2025. CONCOR operates a pan-India logistics network , offering container transportation services via rail and road, along with port handling. It plays a vital role in India's supply chain infrastructure and is listed on both the BSE and NSE. Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% CONCOR share price target According to Trendlyne, the average target price for CONCOR is Rs 764, indicating a potential upside of around 5% from current levels. Of the 16 analysts tracking the stock, the consensus rating is 'Hold'. On the technical front, CONCOR's Relative Strength Index (RSI) stands at 40.3, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) is at 16.6—above the centre line but below the signal line. The stock is currently trading below its 5-day, 10-day, 20-day, 150-day, and 200-day simple moving averages (SMAs), while remaining above the 50-day and 100-day SMAs. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? CONCOR shares performance CONCOR shares closed 2.32% lower at Rs 727.90 on the BSE on Thursday. The stock has declined 7% year-to-date and is down 34% over the past 12 months. Its current market capitalisation stands at Rs 44,350 crore. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
10 hours ago
- Business
- Time of India
ITD Cementation shares in focus after bagging Rs 960 crore orders in Kerala and West Bengal
Shares of ITD Cementation India will be in focus on Friday after the engineering and construction firm announced it has secured two new orders worth approximately Rs 960 crore (excluding GST). The first contract involves executing multiple construction works at Trivandrum International Airport in Kerala, while the second project entails building a multi-storied commercial complex in Kolkata, West Bengal. The company did not disclose the names of the clients or the execution timelines for these projects. Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% This is the company's second major order in June, following a Rs 893 crore contract awarded last week for the construction of a berth and breakwater for a greenfield captive jetty project in Odisha. ITD Cementation is one of India's oldest engineering and construction firms, with over 90 years of experience across sectors such as maritime structures, mass transit systems, airports, hydroelectric power, tunnels, highways, and water infrastructure. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? ITD Cementation Q4 earnings For the March 2025 quarter, the company reported a 26.9% year-on-year rise in net profit to Rs 113.55 crore, up from Rs 89.51 crore in the same period last year. Revenue from operations grew 9.8% to Rs 2,479.72 crore, compared with Rs 2,257.72 crore in Q4FY24. ITD Cementation share price target According to Trendlyne, the average target price for ITD Cementation stands at Rs 679, indicating a potential downside of nearly 16% from current levels. Of the three analysts tracking the stock, the consensus rating is 'Buy'. The stock closed 1.3% higher at Rs 810.70 on the BSE on Thursday. It has gained 47% over the past three months and over 70% in the past year. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
10 hours ago
- Business
- Time of India
Kaynes Technology shares in focus after launching Rs 1,600-crore QIP
Kaynes Technology shares will be in focus on Friday after the semiconductor manufacturing company opened its qualified institutional placement (QIP) issue on Thursday to raise up to Rs 1,600 crore. The company has set the floor price at Rs 5,625.75 per share, according to media reports. The indicative price range for the QIP is reportedly between Rs 5,344 and Rs 5,612 per share, implying a discount of up to 4.8% to the floor price. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Sawahan Dalam (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% Motilal Oswal Investment Advisors, Nomura, and Axis Capital are managing the issue. Kaynes Technology India is projecting revenue of around Rs 4,525 crore for FY26, with EBITDA margins expected to improve by 50 basis points to 15.6%, supported by a strong order book and new business executions. Live Events Jairam Sampath, Whole-Time Director & CFO, said the company anticipates robust export growth in the coming quarters. 'We will have some US major company orders getting executed. We will start doing additionally about Rs 200–300 crore of exports. These are US- and Europe-based companies in both aerospace and automotive segments,' he said. Kaynes' OSAT (Outsourced Semiconductor Assembly and Test) and PCB (Printed Circuit Board) divisions, both largely export-focused, are expected to contribute significantly to its international revenue. Recently, the company's subsidiary, Kaynes Semicon Pvt Ltd, entered into an asset purchase agreement with Fujitsu General Electronics Ltd of Japan to acquire production lines for power modules. The transaction was valued at 1.59 billion Japanese yen. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? Shares of Kaynes Technology closed 2.1% lower at Rs 5,608.8 on the BSE . The stock has declined 26% year-to-date but has gained 45% in the past 12 months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
