The company reported a profit of 5.81 billion Indian rupees ($70.87 million) for the three months ended June 30, beating analysts' average estimate of 4.29 billion rupees, according to Refinitiv IBES data.

Shree Cement’s board also approved investment worth Rs 7,000 crore for increasing capacity by way of internal accruals and debt.

A total of 118 shares changed hands on the counter till 12:08PM (IST).

CLSA maintained a buy rating on Bajaj Finance with a target price of Rs 9000. It is well-poised on growth and profitability for the medium term.

Indian equity benchmarks showed little movement on Monday as global markets weakened. Shree Cement's stock fell, Policybazaar rose while Apar Industries saw a sudden increase in share value. Investors are recommended to sell Shree Cement's shares, buy on dips Policybazaar's shares, and buy on dips Apar Industries' shares as they continue their prior rising trend. Technical indicators are positively poised on the medium-term timeframe chart, and the key support levels are estimated for the respective stocks.

Revenue growth is also likely to remain in double digits, albeit slower, given the high base effect of the previous year's June quarter. In addition, benign input costs will continue to support operating profitability.

Both were unanimously elected at the Extraordinary General Meeting (EGM) of CMA held on July 14, 2023, said a statement from the association. Akhoury, who has 30 years of experience in the steel and cement industries, takes over from UltraTech Cement's Managing Director K C Jhanwar.

Shree Cement, Praj Industries, Borosil Renewables, Life Insurance Corporation of India and Vedant Fashions are trading below their respective 200-day Simple Moving Averages (SMAs), which is a significant event. However, each company has unique qualities and presents potential investment opportunities and investors can make informed decisions and potentially benefit from the situation. Shree Cement Ltd, Praj Industries Ltd and Borosil Renewables Ltd have seen momentary dips, but their strong fundamentals and potential for growth make them appealing. Despite trading momentarily below the 200-day SMA, Life Insurance Corporation of India and Vedant Fashions present interesting propositions due to their market position and growth potential in their respective sectors.