News

Buy Union Bank of India Ltd For Target Rs. 135 By Motilal Oswal Financial Services Ltd Modest operating performance; NIMs decline 15bp QoQ Slippage ratio increases to 2.4% * Union Bank of India (UNBK) reported 2QFY25 PAT of INR47.2b (34.4% YoY, 27% beat) driven by healthy other income and lower provisions (amid the reversal of standard assets provision). * NII was flat YoY at INR90.5b (down 3.9% QoQ; 5% miss). NIMs moderated sharply by 15bp QoQ to 2.9% during the quarter. * Loan book grew at 11.6% YoY/2.1% QoQ while deposits grew 9.2% YoY/1.5% QoQ. CD ratio, thus, incr...
Buy Union Bank of India Ltd For Target Rs. 135 By Motilal Oswal Financial Services Ltd
Buy Union Bank of India Ltd For Target Rs. 135 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 06:33:03 pm
Buy Stylam Industries Ltd For Target Rs. 2,907 By Yes Securities Ltd Result Synopsis Stylam Industries Ltd (SYIL) reported a strong set of numbers for Q2FY25, an all-round beat on our estimates. Company’s revenue grew by 12%YoY which was primarily driven by 11% improvement in ASP while total volumes remained flattish. Expansion in ASP was largely owing to better product-mix. Exports, which constitute 72% of sales, registered a stellar growth of 24.5%YoY to Rs1.88Bn (2-year CAGR stood at 7%). Domestic sales (28% of sales), declined by 11%YoY. Notably t...
Buy Stylam Industries Ltd For Target Rs. 2,907 By Yes Securities Ltd
Buy Stylam Industries Ltd For Target Rs. 2,907 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-10-31 06:30:22 pm
Buy Zomato Ltd For Target Rs. 330 By Motilal Oswal Financial Services Ltd Stable quarter, quick commerce investments in focus GOV growth for quick commerce beats estimates (again) * Zomato delivered another robust quarter as 2QFY25 revenues of INR48b grew 14% QoQ, in line with our estimate of 14% QoQ growth. Growth was led by Blinkit (GOV up 25% QoQ/122% YoY). Food delivery business also continues to deliver 20%+ YoY growth in GOV and revenue with steady margins. Adjusted EBITDA as % of GOV margin was up 20bp QoQ at 3.4%. PAT came in at INR1.8b (est. INR1.4b) an...
Buy Zomato Ltd For Target Rs. 330 By Motilal Oswal Financial Services Ltd
Buy Zomato Ltd For Target Rs. 330 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 06:25:34 pm
Buy Indostar Capital Finance Ltd For Target Rs. 315 By Motilal Oswal Financial Services Ltd Making steady progress in its core vehicle finance segment Asset quality largely stable Indostar Capital Finance (Indostar) reported healthy business momentum in 2QFY25. Key highlights: 1) consolidated disbursements grew ~36% YoY to ~INR17.2b and retail AUM rose ~35% YoY to ~INR99b; 2) the company added 594 employees in 2QFY25, taking the total count to ~5,170; 3) the CV segment contributed ~87% to the retail disbursement mix; and 4) asset quality was broadly stable with standalone GS3...
Buy Indostar Capital Finance Ltd For Target Rs. 315 By Motilal Oswal Financial Services Ltd
Buy Indostar Capital Finance Ltd For Target Rs. 315 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 06:08:12 pm
Buy Cyient DLM Ltd For Target Rs. 2,050 By Motilal Oswal Financial Services Ltd Defense momentum fuels growth trajectory PAT misses estimates due to higher interest cost * Cyient DLM (CYIENTDL) reported a strong quarter, with revenue growth of ~33% YoY in 2QFY25, led by significant traction in the defense (up 82% YoY) and aerospace (up 20% YoY) verticals. Margins were flat YoY at 8.1%. * However, the order book continued its downward trend, with 13% YoY/ 7% QoQ decline in 2Q to INR19.8b. The management indicated the trend will change in 4Q, with a healthy order pip...
Buy Cyient DLM Ltd For Target Rs. 2,050 By Motilal Oswal Financial Services Ltd
Buy Cyient DLM Ltd For Target Rs. 2,050 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 06:05:10 pm
Buy MCX Ltd For Target Rs.7,600 By Motilal Oswal Financial Services Ltd Volumes at an all-time high; PAT above estimate * MCX posted 73% YoY growth in operating revenue to INR2.9b (5% above our estimate) in 2QFY25. Operating revenue rose 67% YoY in 1HFY25. * Revenue growth was driven by a surge in volumes, which jumped 114% YoY. Futures volumes grew 46% YoY to INR17.5t, while options volumes surged 129% YoY to INR126t during the quarter. * EBIT stood at INR1.7b (vs. EBIT loss of INR353m in 2QFY24), which was 4% above our estimates. * The company repor...
Buy MCX Ltd For Target Rs.7,600 By Motilal Oswal Financial Services Ltd
Buy MCX Ltd For Target Rs.7,600 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 06:03:00 pm
IMF approves reviews for Kenya to receive 606 million USD The International Monetary Fund (IMF) said its executive board has approved the seventh and eighth reviews of Kenya's program, allowing the East African nation to receive 606 million US dollars. The funds will support Kenya's efforts to rebuild fiscal and external buffers as well as enhance resilience to climate shocks, the IMF said in a statement issued Wednesday evening. The loan facility, which will be disbursed immediately, would bring the IMF's total funding under the e...
IMF approves reviews for Kenya to receive 606 million USD
IMF approves reviews for Kenya to receive 606 million USD
Source: IANS
2024-10-31 06:00:23 pm
Buy Dalmia Bharat Ltd For Target Rs. 2,250 By Motilal Oswal Financial Services Ltd Weak performance; demand growth and price key monitorable Industry volume growth to be ~6% in FY25E (vs. previous est. of ~8%) * Dalmia Bharat (DALBHARA)’s 2QFY25 performance was weak as expected as its EBITDA declined 26% YoY to INR4.3b (5% miss) and EBITDA/t was down 32% YoY to INR650 (est. INR700). OPM contracted 4.7pp YoY to 14%. PAT declined 54% YoY to INR550m (est. INR571m). Higher volume growth (+8% YoY; +3% v/s estimates) and better cost controls were key positives; though; ...
Buy Dalmia Bharat Ltd For Target Rs. 2,250 By Motilal Oswal Financial Services Ltd
Buy Dalmia Bharat Ltd For Target Rs. 2,250 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 05:59:20 pm
Buy L&T Finance Ltd For Target Rs. 200 By Motilal Oswal Financial Services Ltd MFI performance better than industry; in-line earnings Asset quality largely stable, aided by write-offs * L&T Finance (LTF) reported 17% YoY growth in PAT to INR7b (in line) in 2QFY25. PPoP grew ~23% YoY to ~INR15.9b (in line). Credit costs stood at INR6.5b (vs. MOFSLe of INR6b), translating into annualized credit costs of ~2.6% (vs. 2.4% in 1QFY25 and 2.6% in 2QFY24). Write-offs stood at INR6.6b (INR4.8b in 1Q). Consol. RoA/RoE stood at 2.6%/11.7% in 2Q. * Retail assets contribut...
Buy L&T Finance Ltd For Target Rs. 200 By Motilal Oswal Financial Services Ltd
Buy L&T Finance Ltd For Target Rs. 200 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 05:54:36 pm
Buy Crudeoil Above 5830 SL Below 5750 TGT 5930/6000 - Axis Securities Ltd Gold * Nearby Support: 79,400/ 79,100/ 78,700 * Nearby Resistance: 79,700/ 80,000/ 80,400 * Nearby Gaps: 79,736 * Nearby Camarilla Levels: 79,400 (S), 79,700 (R) SELL GOLD BELOW 79400 SL ABOVE 79700 TGT 79050/78700   Silver * Nearby Support: 96,600/ 96,000/ 95,400 * Nearby Resistance: 97,400/ 98,000/ 98,500 * Nearby Gap(s): 97,740 * Nearby Camarilla Levels: 96,700 (S), 97,300 (R) SELL SILVER BELOW 96600 SL ABOVE 97200 TGT 95800/95000   ...
Buy Crudeoil Above 5830 SL Below 5750 TGT 5930/6000 - Axis Securities Ltd
Buy Crudeoil Above 5830 SL Below 5750 TGT 5930/6000 - Axis Securities Ltd
Source: Axis Securities Ltd
2024-10-31 05:52:18 pm
Neutral Oberoi Realty Ltd For Target Rs.2,056 By Motilal Oswal Financial Services Ltd Stellar sales in 360-West and Elysian boost growth Strong traction across projects * Oberoi Realty’s (OBER) pre-sales grew 49% YoY to INR14.4b (80% above estimate) in 2QFY25, driven by strong bookings at ‘360-West’ project in Worli, which contributed INR6.6b to pre-sales across bookings of six units. * Elysian Goregaon’s pre-sales jumped 147% YoY to INR3.2b after the successful launch of the third tower in 4QFY24. Sales traction was weak at Borivali (INR1.3b), wh...
Neutral Oberoi Realty Ltd For Target Rs.2,056 By Motilal Oswal Financial Services Ltd
Neutral Oberoi Realty Ltd For Target Rs.2,056 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 05:52:14 pm
Buy UltraTech Cement Ltd For Target Rs.13,000 By Motilal Oswal Financial Services Ltd Weak demand and pricing hurt margin Expects recovery in 2H and outperformance of industry volume growth * UltraTech Cement (UTCEM)’s 2QFY25 EBITDA was below our estimate due to higher-than-estimated opex/t. EBITDA declined ~21% YoY to INR20.2b (7% miss). EBITDA/t declined ~24% YoY to INR725 (est. INR775). OPM contracted 3.0pp YoY to ~13% (est. ~14%). Adj. PAT declined ~36% YoY to INR8.2b (est. INR9.3b). * Management highlighted that the pre-election slowdown, followed by intense m...
Buy UltraTech Cement Ltd For Target Rs.13,000 By Motilal Oswal Financial Services Ltd
Buy UltraTech Cement Ltd For Target Rs.13,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 05:48:31 pm
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 31 October 2024 - Geojit Financial Services Ltd Gold Positive sentiments expected to prevail. Meanwhile, a voluminous dip below the support 78880 may trigger a corrective move.   Silver A corrective move may witness in the current session. However, a rebound above 97500 with large market participation can offer upward momentum.   Crude Oil Sustained trades above 5840 region may offer upside room for prices. However, a voluminous dip below 5700 may induce mild weakness.   Natural Gas ...
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 31 October 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 31 October 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-10-31 05:39:06 pm
Buy CEAT Ltd For Target Rs. 3,450 By Motilal Oswal Financial Services Ltd Operating margins impacted by higher RM costs Replacement and exports to drive growth, input cost to moderate in H2 * Ceat Ltd (CEAT)’s 2QFY25 performance was impacted by higher RM costs, leading to a 100bp contraction in operating margins QoQ, which stood at 11% (est. 11.5%). The outlook for replacement segment across categories and exports remains healthy, with a recovery expected in the OEM segment in H2. * CEAT’s focus on strategic areas such as PVs/2Ws/OHT/exports (to h...
Buy CEAT Ltd For Target Rs. 3,450 By Motilal Oswal Financial Services Ltd
Buy CEAT Ltd For Target Rs. 3,450 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 05:37:23 pm
Neutral Zee Entertainment Ltd For Target Rs. 145 By Motilal Oswal Financial Services Ltd Cost controls bear fruit; ad revenue recovery vital for re-rating * Zee Entertainment’s (Zee) revenue continued the declining trend as 2QFY25 revenue fell 18% YoY (5% miss) on softer advertising revenue (- 8% YoY, 1% miss) and lower revenue from other sales and services (-77% YoY on a high base (2QFY24 boosted by Gadar 2 release). * However, Zee’s strong control over costs and a further reduction in Zee5 losses led to 18%/15% QoQ jump in EBITDA/adj. PAT (21%/35% beat). * ...
Neutral Zee Entertainment Ltd For Target Rs. 145 By Motilal Oswal Financial Services Ltd
Neutral Zee Entertainment Ltd For Target Rs. 145 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 05:32:50 pm
Buy VIP Industries Ltd For Target Rs.741 By Sushil Finance Highlights from the Quarter (Q2FY25): VIP Industries Ltd (VIPIL) reported a marginally weak quarterly net revenue of Rs.546.9cr for Q2FY25, marginally lower by 0.3% YoY and considerably lower by 14.6% on a QoQ basis. The company reported an EBITDA of Rs.0.5cr for the quarter vs Rs.55.5cr for the same quarter in the previous year, and Rs.51.4cr in the preceding quarter. Subsequently, the company posted a net loss of Rs.33cr for the quarter. The EBITDA Margin pressure observed with a year-on...
Buy VIP Industries Ltd For Target Rs.741 By Sushil Finance
Buy VIP Industries Ltd For Target Rs.741 By Sushil Finance
Source: Sushil Financial Services
2024-10-31 05:04:10 pm
FIIs stood as net sellers in equities as per October 31 data: NSDL The FIIs as per Thursday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL.  In equity segment, the gross buying was of Rs 17724.03 crore against gross selling of Rs 19921.65 crore. Thus, FIIs stood as net sellers of Rs 2197.62 crore in equities. In the debt segment, the gross purchase was of Rs 2408.90 crore with gross sales of Rs 2303.88 crore. Thus, FIIs stood as net buyers of Rs 105.02 crore in debt. Of ...
FIIs stood as net sellers in equities as per October 31 data: NSDL
FIIs stood as net sellers in equities as per October 31 data: NSDL
Source: Accord Fintech
2024-10-31 04:56:56 pm
L&T eyes aerospace expansion to ride India`s $44 billion private space market push Larsen & Toubro Ltd (L&T), India's largest private-sector defense manufacturer by revenue, is looking to ramp up its aerospace division to strengthen its foothold in the country's burgeoning private space sector, a senior executive said on Thursday. The move follows the government's recent efforts to open its space industry - traditionally led by the Indian Space Research Organisation (ISRO) - to private firms. The success of the Chandrayaan-3 lunar landing and Aditya-L...
L&T eyes aerospace expansion to ride India`s $44 billion private space market push
L&T eyes aerospace expansion to ride India`s $44 billion private space market push
Source: Reuters
2024-10-31 04:52:18 pm
Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities   Today, the benchmark indices continued selling pressure at higher levels, the Nifty ends 136  points lower while the Sensex was down by 553  points. Among Sectors, IT Index lost the most; shed 2.85 percent whereas Media and  Pharma  rallied over 1.5 percent. Technically, from last two days market consistently facing selling pressure at higher levels. A bearish candl...
Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities
Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities
Source: Kotak Securities Ltd
2024-10-31 04:49:32 pm
Stock market ends in red on Diwali, IT stocks bleed The Indian stock market closed in the red on Diwali day as Sensex fell more than 500 points. There was heavy selling in the IT sector.  Sensex closed at 79,389.06 after falling 553.12 points or 0.69 per cent. At the same time, Nifty closed at 24,205.35 after falling 135.50 points or 0.56 per cent. The Nifty Bank fell 332.15 points or 0.64 per cent to 51,475.35. The Nifty Midcap 100 index closed at 56,112.85 after falling 226.40 points or 0.40 per cent at the end of trading. The ...
Stock market ends in red on Diwali, IT stocks bleed
Stock market ends in red on Diwali, IT stocks bleed
Source: IANS
2024-10-31 04:44:36 pm
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "Gold prices witnessed slight profit-taking as traders preferred to secure gains from recent rallies ahead of Friday’s key events—the Non-Farm Payroll (NFP) and unemployment reports. Currently trading around Rs.79,400 in MCX, gold faces resistance at Rs.79,600, while Comex shows a hurdle near $2,790. The upcoming U.S. election next week is expected to be a deci...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-10-31 04:43:34 pm
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee traded flat around 84.09, hovering near all-time lows, as FIIs continued their selling spree in Indian markets. Market participants are eyeing Friday's US NFP and unemployment data for cues on the dollar's trajectory, with the greenback currently trading around 103.80, up from recent lows of 100.50. Next week's US election results are also expected ...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-10-31 04:39:28 pm
US smartphone market`s sell-in down 4 pc in Q3 The US smartphone market’s sell-in decreased 4 per cent (on-year) in Q3, driven mainly by Apple and Samsung weakness, a report showed on Thursday.  Apple’s shipments were down primarily due to lower demand resulting from continued low upgrade rates as reported by the three major US carriers in Q3 2024, according to Counterpoint Research’s latest US Market Monitor Quarterly Smartphone Tracker. Research Director Jeff Fieldhack said that Apple sell-in was muted in Q3...
US smartphone market`s sell-in down 4 pc in Q3
US smartphone market`s sell-in down 4 pc in Q3
Source: IANS
2024-10-31 04:38:21 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty index remained volatile before closing on a negative note. On the hourly chart, it encountered resistance around the 50 EMA, leading to a pullback toward 24,200. Sentiment may continue to remain weak as long as Nifty stays below 24,500, with any rise toward this level likely facing selling pressure. On the downside, support is placed at 24,000, while resistance levels are seen at 24,500...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-10-31 04:34:06 pm
Market Quote : Benchmark Indices Dip Amid Broader Sell-Off in Technology Sector Says Vinod Nair, Head of Research, Geojit Financial Services Below the Quote on Markets by Vinod Nair, Head of Research, Geojit Financial Services   "The key benchmark indices traded with mild cuts while experiencing a broader sell-off in the technology sector due to weakness in the US IT companies, which has led the domestic IT companies to come under the shadow of underperformance. Investors remain cautious owing to weak domestic earnings for Q2. However, the market expects the momentum to reverse in H2 due to a rebound in c...
Market Quote : Benchmark Indices Dip Amid Broader Sell-Off in Technology Sector Says Vinod Nair, Head of Research, Geojit Financial Services
Market Quote : Benchmark Indices Dip Amid Broader Sell-Off in Technology Sector Says Vinod Nair, Head of Research, Geojit Financial Services
Source: Geojit Financial Services Ltd
2024-10-31 04:30:58 pm
Daily Market Analysis : Markets traded under pressure on monthly expiry day, slipping nearly half a percent Says Mr. Ajit Mishra, Religare Broking Ltd Below the Quote on Daily Market Analysis by Ajit Mishra – SVP, Research, Religare Broking Ltd.   Markets traded under pressure on monthly expiry day, slipping nearly half a percent. Early weakness in IT majors weighed on sentiment, with other sectors joining the decline later in the session. However, resilience in select heavyweight stocks helped limit the overall losses. Nifty ultimately closed at 24,205, down 0.56%. Most sectors saw losses, with IT and FMCG leading the decl...
Daily Market Analysis : Markets traded under pressure on monthly expiry day, slipping nearly half a percent Says Mr. Ajit Mishra, Religare Broking Ltd
Daily Market Analysis : Markets traded under pressure on monthly expiry day, slipping nearly half a percent Says Mr. Ajit Mishra, Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-31 04:25:18 pm
Supply adjustments loom to meet global oil demand in long-term A weak global oil demand is weighing on the prices of crude oil and in the long-term, there could be supply adjustments to meet the demand but the appetite for additional volumes will mainly be driven by price stability, a report said on Thursday.  This is predominantly due to economic slowdown worries in both China and the US, mainly on account of weakening industrial production and manufacturing growth. There is a looming supply glut and long-term demographic shifts across the gl...
Supply adjustments loom to meet global oil demand in long-term
Supply adjustments loom to meet global oil demand in long-term
Source: IANS
2024-10-31 04:12:56 pm
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors In order to boost trade and investments, India and Saudi Arabia have discussed ways to enhance cooperation in areas of fertilizers, petrochemicals and mining during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh. India is the second largest trade partner for Saudi Arabia whereas Saudi Arabia is India's fourth largest trading partner. The bilateral trade between the two countries...
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
Source: Accord Fintech
2024-10-31 03:51:29 pm
Elpro International soars on acquiring stake in Sagility India Elpro International is currently trading at Rs. 108.85, up by 9.05 points or 9.07% from its previous closing of Rs. 99.80 on the BSE. The scrip opened at Rs. 99.50 and has touched a high and low of Rs. 110.40 and Rs. 99.50 respectively. So far 353297 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 147.70 on 01-Oct-2024 and a 52 week low of Rs. 73.00 on 13-Mar-2024. Last one week high and low of the scrip stood a...
Elpro International soars on acquiring stake in Sagility India
Elpro International soars on acquiring stake in Sagility India
Source: Accord Fintech
2024-10-31 03:48:09 pm
Vintage Coffee and Beverages surges after its arm starts commercial production of fully automated packing line Vintage Coffee & Beverages is currently trading at Rs. 131.30, up by 1.20 points or 0.92% from its previous closing of Rs. 130.10 on the BSE. The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 132.85 and Rs. 129.60 respectively. So far 59024 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 143.30 on 21-Oct-2024 and a 52 week low of Rs. 31.00 on 01-Nov-2023. Last one week high and low of the...
Vintage Coffee and Beverages surges after its arm starts commercial production of fully automated packing line
Vintage Coffee and Beverages surges after its arm starts commercial production of fully automated packing line
Source: Accord Fintech
2024-10-31 03:43:15 pm
GE Shipping gains on contracting to sell 2005 built medium range product Tanker `Jag Padma` Great Eastern Shipping Company is currently trading at Rs. 1290.20, up by 2.80 points or 0.22% from its previous closing of Rs. 1287.40 on the BSE. The scrip opened at Rs. 1299.95 and has touched a high and low of Rs. 1299.95 and Rs. 1274.10 respectively. So far 6221 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1542.80 on 11-Jul-2024 and a 52 week low of Rs. 728.10 on 09-Nov-2023. Last one week high and low ...
GE Shipping gains on contracting to sell 2005 built medium range product Tanker `Jag Padma`
GE Shipping gains on contracting to sell 2005 built medium range product Tanker `Jag Padma`
Source: Accord Fintech
2024-10-31 03:37:10 pm
Zydus Wellness shines as the company to acquire Naturell (India) Zydus Wellness is currently trading at Rs. 1947.35, up by 63.00 points or 3.34% from its previous closing of Rs. 1884.35 on the BSE. The scrip opened at Rs. 1938.95 and has touched a high and low of Rs. 1962.40 and Rs. 1897.05 respectively. So far 3678 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2484.00 on 30-Jul-2024 and a 52 week low of Rs. 1441.75 on 18-Mar-2024. Last one week high and low of the scrip s...
Zydus Wellness shines as the company to acquire Naturell (India)
Zydus Wellness shines as the company to acquire Naturell (India)
Source: Accord Fintech
2024-10-31 03:34:46 pm
Welspun Enterprises moves up on getting nod to acquire additional 9.99% stake in Welspun Michigan Welspun Enterprises is currently trading at Rs. 491.40, up by 1.20 points or 0.24% from its previous closing of Rs. 490.20 on the BSE. The scrip opened at Rs. 489.60 and has touched a high and low of Rs. 493.40 and Rs. 477.55 respectively. So far 8976 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 619.00 on 26-Aug-2024 and a 52 week low of Rs. 261.85 on 1-Nov-2023. Last one week high and low of the scrip stood...
Welspun Enterprises moves up on getting nod to acquire additional 9.99% stake in Welspun Michigan
Welspun Enterprises moves up on getting nod to acquire additional 9.99% stake in Welspun Michigan
Source: Accord Fintech
2024-10-31 03:19:46 pm
Wardwizard rises on introducing New Red Variants of Popular Gen Next Nanu + and Gen Next Models Wardwizard Innovations & Mobility is currently trading at Rs. 44.68, up by 1.06 points or 2.43% from its previous closing of Rs. 43.62 on the BSE. The scrip opened at Rs. 43.79 and has touched a high and low of Rs. 44.68 and Rs. 43.12 respectively. So far 443775 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.50 on 15-Jan-2024 and a 52 week low of Rs. 39.90 on 23-Oct-2024. Last one week high and low of th...
Wardwizard rises on introducing New Red Variants of Popular Gen Next Nanu + and Gen Next Models
Wardwizard rises on introducing New Red Variants of Popular Gen Next Nanu + and Gen Next Models
Source: Accord Fintech
2024-10-31 03:17:18 pm
Adani Green Energy inches up after its arm inks PPAs with MSEDCL Adani Green Energy is currently trading at Rs. 1633.30, up by 0.65 points or 0.04% from its previous closing of Rs. 1632.65 on the BSE. The scrip opened at Rs. 1640.00 and has touched a high and low of Rs. 1663.15 and Rs. 1625.00 respectively. So far 13046 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2173.65 on 03-Jun-2024 and a 52 week low of Rs. 875.05 on 01-Nov-2023. Last one week high and low of the scri...
Adani Green Energy inches up after its arm inks PPAs with MSEDCL
Adani Green Energy inches up after its arm inks PPAs with MSEDCL
Source: Accord Fintech
2024-10-31 03:14:31 pm
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit Dabur India is currently trading at Rs. 542.00, down by 4.95 points or 0.91% from its previous closing of Rs. 546.95 on the BSE. The scrip opened at Rs. 544.95 and has touched a high and low of Rs. 548.70 and Rs. 532.85 respectively. So far 51293 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 672.00 on 17-Sep-2024 and a 52 week low of Rs. 489.00 on 16-Apr-2024. Last one week high and low of the scrip stood at R...
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit
Source: Accord Fintech
2024-10-31 03:12:24 pm
Insolation Energy climbs on bagging order worth Rs 500.50 crore Insolation Energy is currently trading at Rs. 3769.95, up by 234.85 points or 6.64% from its previous closing of Rs. 3535.10 on the BSE. The scrip opened at Rs. 3640.00 and has touched a high and low of Rs. 3792.80 and Rs. 3611.00 respectively. So far 20900 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 3979.85 on 15-Oct-2024 and a 52 week low of Rs. 520.00 on 01-Nov-2023. Last one week high and low of the scr...
Insolation Energy climbs on bagging order worth Rs 500.50 crore
Insolation Energy climbs on bagging order worth Rs 500.50 crore
Source: Accord Fintech
2024-10-31 03:03:45 pm
Jupiter Wagons shines as its arm acquires Log9`s railway & electric truck battery divisions Jupiter Wagons is currently trading at Rs. 504.95, up by 18.25 points or 3.75% from its previous closing of Rs. 486.70 on the BSE. The scrip opened at Rs. 491.80 and has touched a high and low of Rs. 521.80 and Rs. 489.80 respectively. So far 160034 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 748.05 on 05-Jul-2024 and a 52 week low of Rs. 301.00 on 14-Mar-2024. Last one week high and low of the scrip stood ...
Jupiter Wagons shines as its arm acquires Log9`s railway & electric truck battery divisions
Jupiter Wagons shines as its arm acquires Log9`s railway & electric truck battery divisions
Source: Accord Fintech
2024-10-31 02:59:21 pm
Tata Power Company surges as its consolidated net profit rises 7% in Q2FY25 Tata Power Company is currently trading at Rs. 440.20, up by 13.05 points or 3.06% from its previous closing of Rs. 427.15 on the BSE. The scrip opened at Rs. 430.05 and has touched a high and low of Rs. 442.60 and Rs. 421.00 respectively. So far 1220334 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 494.85 on 27-Sep-2024 and a 52 week low of Rs. 236.40 on 01-Nov-2023. Last one week high and low of the scrip st...
Tata Power Company surges as its consolidated net profit rises 7% in Q2FY25
Tata Power Company surges as its consolidated net profit rises 7% in Q2FY25
Source: Accord Fintech
2024-10-31 02:55:32 pm
Hyundai Motor unveils new hydrogen-based EV concept Hyundai Motor on Thursday unveiled the concept of its upcoming passenger hydrogen fuel cell electric vehicle (FCEV) named Initium that comes with an extended driving range and ample hydrogen fuel storage capacity.  Initium is a concept by Hyundai that reflects the product and design direction of a passenger FCEV set for release in the first half of next year, Yonhap news agency reported.  Named after the Latin word for beginning, Initium symbolises Hyundai's role as a pion...
Hyundai Motor unveils new hydrogen-based EV concept
Hyundai Motor unveils new hydrogen-based EV concept
Source: IANS
2024-10-31 02:53:40 pm
Samsung Electronics signals progress in HBM chip supply to Nvidia Samsung Electronics on Thursday hinted at the possibility of supplying its advanced high bandwidth memory (HBM) chips to the US AI giant Nvidia in the near future.  The South Korean tech giant has been struggling to have its HBM3E chips pass Nvidia's quality tests, while its local chip making rival SK hynix recently began mass-producing industry-leading 12-layer HBM3E chips, Yonhap news agency reported. "We are currently mass-producing both eight-layer and 12-layer HBM3E p...
Samsung Electronics signals progress in HBM chip supply to Nvidia
Samsung Electronics signals progress in HBM chip supply to Nvidia
Source: IANS
2024-10-31 02:43:26 pm
Samsung Electronics Q3 net profit surges, but chip business remains sluggish Samsung Electronics on Thursday said its net profit surged in the third quarter, but its sluggish artificial intelligence chips weighed heavily on its flagship semiconductor business.  The tech giant posted a net profit of 10.1 trillion won ($7.3 billion) for the July-September period, up 72.8 per cent from a year earlier, the company said in a regulatory filing, Yonhap news agency reported. Its operating profit surged 277.4 per cent to 9.18 trillion won from 2.43 trillion won a ye...
Samsung Electronics Q3 net profit surges, but chip business remains sluggish
Samsung Electronics Q3 net profit surges, but chip business remains sluggish
Source: IANS
2024-10-31 02:36:48 pm
Buy Ujjivan Small Finance Bank Ltd For Target Rs.58 - Centram Broking Ltd Guidance cut on expected lines Ujjivan SFB (Ujjivan) posted numbers for 2QFY25 which were lower than our expectations primarily poor asset quality. NII for the quarter came in at Rs9.4bn (up around 15%/flat YoY/QoQ) which was in line with our expectations. Cost/assets continued its upward trajectory 6.16% vs. 6.1%/5.7% in 1QFY25/2QFY24. Slippages for the quarter came in at 3.2% vs. 2.6% in 1QFY25. Resultantly, credit cost spiked to 1.72% vs. 1.47% in 1QFY25. RoA/RoE for the quarter were lo...
Buy Ujjivan Small Finance Bank Ltd For Target Rs.58 - Centram Broking Ltd
Buy Ujjivan Small Finance Bank Ltd For Target Rs.58 - Centram Broking Ltd
Source: Centrum Broking Ltd
2024-10-31 02:34:22 pm
Buy Nippon Life India Asset Management Ltd For Target Rs. 850 - Centram Broking Ltd Another stellar quarter Nippon AMC’s strong run continues with its QAAUM increasing 57% yoy and 14% qoq to Rs5.5tn at end Q2FY25. The market share on both, equity and overall basis has increased with it maintaining its fourth position in the industry. The net flows in the equity and hybrid segment continued to remain higher than the equity AUM market share. At end Q2, PAT increased 47% yoy impacted by one-offs on the taxes announced in the budget. While core PAT expanded 48% yoy to R...
Buy Nippon Life India Asset Management Ltd For Target Rs. 850 - Centram Broking Ltd
Buy Nippon Life India Asset Management Ltd For Target Rs. 850 - Centram Broking Ltd
Source: Centrum Broking Ltd
2024-10-31 02:30:44 pm
Governors, CMs of Telangana states greet people on Diwali Governors and Chief Ministers of Telangana and Andhra Pradesh have greeted people on the occasion of Diwali.  Telangana Governor Jishnu Dev Varma conveyed the warmest greetings to people on this joyous occasion of Diwali. "This festival of lights signifies the victory of righteousness over the evil. I am sure occasions like this inspire us to conquer the evils of modern-day and build a society in which peace, amity, and communal harmony prevail," he said in his message. ...
Governors, CMs of Telangana states greet people on Diwali
Governors, CMs of Telangana states greet people on Diwali
Source: IANS
2024-10-31 02:27:15 pm
Add Ultratech Cement Ltd For Target Rs.12,000 - Centram Broking Ltd Lowest EBITDA/mt since Sep-13; 2H outlook promising Ultratech reported weak set of results as reported EBITDA came in 4% below our estimate owing to higher costs. EBITDA/mt came in at Rs725 which is lowest since Sep-13 indicating pricing pressure resulting from competition. However, 2HFY25 outlook for both demand and pricing looks promising as government spending is set to pick up and pricing is showing signs of firming up. The capex plans of the company are on track and it is set to cross...
Add Ultratech Cement Ltd For Target Rs.12,000 - Centram Broking Ltd
Add Ultratech Cement Ltd For Target Rs.12,000 - Centram Broking Ltd
Source: Centrum Broking Ltd
2024-10-31 02:21:06 pm
Rahul, Priyanka extend Diwali greetings to countrymen Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra on Thursday extended greetings to countrymen on the occasion of Diwali.   Taking to social media platform X, Rahul, the Leader of Opposition in Lok Sabha, posted: "Heartiest congratulations to countrymen on Diwali." His post in Hindi read, "I hope that the brightness of this festival removes darkness from your life and illuminates it with happiness and prosperity. " In a post on X, Priyanka posted: "...
Rahul, Priyanka extend Diwali greetings to countrymen
Rahul, Priyanka extend Diwali greetings to countrymen
Source: IANS
2024-10-31 02:19:26 pm
Unforgettable Evergreen Hits to Light Up Your Diwali! India is a land of festivals, and Diwali stands out as one of the most cherished ones -- celebrated with immense enthusiasm across the nation. With the nation all set to celebrate Diwali on Thursday, it is also a time for music that captures the essence of togetherness and hope.  Songs that celebrate Diwali add a unique sparkle to the festivities. Classic Bollywood hits set the perfect ambience for Diwali and make the celebration truly memorable. Let's take a look at some of th...
Unforgettable Evergreen Hits to Light Up Your Diwali!
Unforgettable Evergreen Hits to Light Up Your Diwali!
Source: IANS
2024-10-31 02:13:14 pm