MARKETS STOCKS NEWS
IRCTC, CONCOR among 27 stocks with dividend, bonus, and split record dates next week. Do you own any?
Shareholders must purchase the stock at least one day before the ex-date to qualify for dividends, as settlement occurs the following day. Buyers on the ex-date are not eligible for dividends, splits, bonus issues, or similar benefits.
37 smallcap stocks offered double-digit weekly returns in bearish market
JSW Holdings led smallcaps with a 57% gain, followed by Avalon Technologies at 34% and ITI at 33.2%. Around 31 other stocks, including Innova Captab, Tilaknagar, NIIT, and CarTrade Tech, saw returns of 10-20% this week.
RVNL shares fall over 5% after Q2 profit falls 27% YoY
RVNL Share Price: Rail Vikas Nigam Ltd (RVNL) reported a 27% YoY drop in Q2FY25 net profit to Rs 286.9 crore, impacted by lower margins and reduced earnings. Revenue declined 1.2% YoY to Rs 4,855 crore. However, sequentially, profit rose 28.1%, and revenue increased 19.2%. RVNL's shares surged 162% in 2024, currently trading at a P/E ratio of 77.8.
Hot stocks: Brokerage view on Indian Hotels, Cummins, Trent and TCS
Investec has maintained a hold rating on Indian Hotels, raising the target price to Rs 742 from Rs 630. The company's strong performance was driven by healthy ARR growth. With expanding horizons and structural tailwinds, Investec expects margins to remain at 32%/32.5% for FY26/27, with PAT growing at a CAGR of 24% over FY24-27.
Stocks in news: SBI, Tata Motors, Ola Electric, Vedanta, Indian Hotels
NHPC Ltd on Friday reported 41% decline in its consolidated net profit at Rs 909 crore in the second quarter ended September 2024. The same stood at Rs 1546 crore in the last year quarter.
Stocks in news: Tata Steel, M&M, Trent, Blue Star, Hindalco
Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period.
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China stocks wobble, HK down as investors focus on US election counting
Chinese stocks were mixed on Wednesday as investors awaited the results of the U.S. election. The prospect of a Trump victory, with his threats of tariffs on Chinese goods, weighed on sentiment. However, hopes for more stimulus from Beijing provided some support.
Swiggy IPO vs Zomato: Which is the better investment option currently?
Swiggy's IPO launch sparks debate on the better investment: Swiggy or Zomato. Zomato, currently profitable with a larger market share, has seen a stock surge. Analysts believe Swiggy, though currently unprofitable, might become a stronger competitor post-IPO with funds directed towards expansion and achieving profitability. While Zomato holds experience, Swiggy's IPO discount presents a compelling opportunity for investors.
Stocks in news: Hindustan Zinc, GAIL, Titan, Dr Reddy's, Apollo Hospitals
GAIL (India) on Wednesday reported 11% growth in its standalone net profit at Rs 2,672 crore for the September quarter. This was Rs 2405 crore in the last year quarter.
Ola Electric shares fall 9% to slip below IPO price. Here's why
Ola Electric Share Price: Ola Electric Mobility's shares dipped 7% as an 18.2 crore share lock-in period ended, allowing certain investors to sell their previously restricted shares. This lock-in period, common after IPOs, aims to stabilize stock prices. The company's shares, despite a recent surge, have experienced declines over the past month. An upcoming board meeting will address financial results.
Tata Motors shares crack 11% in a month. How to drive the road ahead?
Tata Motors shares have fallen 11% in a month, retracing 30% from July's peak. Analysts expect a potential pullback rally, with recovery seen in commercial and luxury vehicle segments in FY 25-27.
Stock Radar: City Union Bank hits fresh 52-week high in October; could give up to 11% return in November?
City Union Bank's stock bounced back after taking support above the 200-DMA, achieving a new 52-week high in October 2024. Short-term traders can aim for a target of Rs 192-195 in the next 6-7 weeks. Positive technical indicators suggest sustained momentum in the coming weeks, supported by rising trading volumes and bullish crossovers.
Donald Trump vs Kamala Harris: What US elections mean for Indian stock market
As the US presidential election remains too close to call, markets appear to be anticipating a Donald Trump victory and a Republican sweep on November 5. Market insiders suggest that a Kamala Harris win would be neutral for the economy, while Trump’s victory could positively impact India through domestic demand, lower commodity prices, supply chain shifts, and foreign policy changes.
Hot stocks: Brokerage view on M&M, Nykaa and Sun Pharma
JPMorgan reports that Sun Pharma plans to appeal a judgment and may seek a settlement with Incyte to expedite its product launch. In a worst-case scenario, the launch could occur post-expiry in December 2026. The firm assigns an NPV of $546 million for Leqselvi, projecting 20% CAGR growth for the specialty business driven by existing products.
Niva Bupa IPO to open for subscription on November 7, price band fixed at Rs 70-74 per share
Niva Bupa Health Insurance Company is set to launch its Rs 2,200 crore initial public offering (IPO) on November 7, with a price band of Rs 70-74 per share. The anchor book opens on November 6, and the public offer will close on November 11. Allotment results will be available on November 12, with shares credited to investors' demat accounts by November 13.
Apollo Hospitals shares in focus after Rs 1,625 crore expansion announcement in Mumbai and Lucknow
Apollo Hospitals Enterprise shares are set to be in the spotlight on Monday following the company's announcement of significant expansion plans involving an investment of Rs 1,625 crore over the next four years in Worli, Mumbai, and Lucknow.
Stocks to buy or sell today: Asian Paints, UPL among top 6 trading ideas for 4 November 2024
The Indian market is anticipated to open lower on Monday, influenced by subdued global cues. After beginning Samvat 2081 positively during the Diwali mahurat trading session on Friday, market sentiment appears to be shifting.
Stocks in news: IRFC, IRCTC, Ujjivan SFB, Bharti Airtel, Sun Pharma
Tata Investment Corporation reported its September quarter net profit at Rs 124 crore, which was flat over the corresponding quarter of the previous financial year.
Ahead of Market: 10 things that will decide stock action on Monday
Indian benchmark equity indices gained during a special one-hour "muhurat" trading session on Friday, marking the Diwali festival, driven by auto stocks boosted by positive monthly sales data.
Is China the only factor for the sharp market correction?
This is not the first time that China has extended a stimulus “carrot” to entice investors. Back then in Feb-March, China announced series of stimulus measures targeting property sector and infrastructure investments
US election, Q2 earnings, Fed meet and 5 more factors to likely impact stock markets this week
"The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices," said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations.
Market optimism remains intact but investors adviced to brace for downturns too: Uday Kotak
In Samvat 2080, Kotak Mahindra Bank's Uday Kotak highlights India's opportunity to become a top-three economy globally, stressing on cautious investment for sustainable growth amidst market volatility. He emphasizes the need for improved ease of doing business and diverse, globally competitive companies.
October 31 or November 1? When is the stock market closed for Diwali
Indian equity markets will remain open for trading on Thursday, October 31, despite many celebrating Diwali on that day. However, they will be closed on November 1, Friday, although a brief session for Muhurat Trading will take place. According to the Hindu calendar, Deepawali is celebrated on Amavasya Tithi, which falls on October 31, 2024.
Smallcaps run risk of extended selloff as earnings slow
India's smaller companies see a downturn as weak earnings and a souring economic outlook impact their shares. Key indexes for mid-sized and small-cap stocks are nearing a technical correction, with high valuations prompting investors to shift focus to cheaper Chinese stocks. Interest-rate cut expectations are also fading.
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