Defense PSU Sets Record Date for 260% Dividend Payout and Increases Share Capital to ₹700: Latest Market Updates on June 26, 2024 – Is it a Good Investment Opportunity?

The stock market today saw a flurry of activity with several companies making headlines. Hindustan Aeronautics Ltd announced a 260% dividend, while Rivian Automotive shares climbed over 30% after a $5 billion investment from Volkswagen. Reliance Industries stock reclaimed the ₹3,000 level after 15 sessions, hitting a new record high.

Bharat Forge, Raymond, TVS Motor, and Bajaj Auto were also in focus, with analysts discussing the potential for growth in these companies. The aerospace sector in India was highlighted as well, with a look at the top firms in the industry.

The market also saw top gainers and losers, with companies like Reliance Industries, Bharti Airtel, Apollo Hospitals Enterprise, and Mahindra & Mahindra among the most active stocks. The Sensex gained 620.73 points, while the Nifty gained 147.5 points.

Investors were advised to keep an eye on FPI flows, as they may remain volatile in the near-term but are expected to pick up post the Budget and Q1 results. Multibagger stocks like MIC Electronics and Lumax Auto were also discussed, with analysts providing insights on their growth potential.

Overall, the market wrap-up for today provided a comprehensive view of the day’s activities, giving investors valuable information to make informed decisions. Stay tuned to Mint’s market blog for real-time updates on all things Dalal Street and global markets.

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