Positive Breakout: These 3 stocks close cross above their 200 DMAs
In the Nifty500 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 22, according to stockedge.com’s technical scan data.
Q2 results today: HUL, SBI Life among 73 companies to announce earnings on Wednesday
Seventy-three companies will release their second-quarter earnings for July-September 2024 today. Key results include HUL, Bajaj Finserv, SBI Life, and TVS Motor. HUL is expected to report a slight increase in revenue. SBI Life is expected to show a flat to moderate growth in annual premium equivalent, with mixed estimates on the value of new […]
Smallcap multibagger stock’s record date for Rs 2 dividend tomorrow. Do you own?
Smallcap stock Tips Music announced an interim dividend of Rs 2 per share with October 24 as the record date. The dividend will be paid by November 12. Over the past year, the stock surged 107.6%, with a current market cap of Rs 9,486.38 crore. Shares were trading 4.2% lower at Rs 742.
Big movers on D-Street: What should investors do with Bajaj Finance, Zomato and Adani Green?
Benchmark Sensex dives 930 points, Nifty slips below 24,500, marking over two-month lows due to widespread sell-off. Stocks like Adani Green, Zomato, and Bajaj Finance face significant declines. Analysts advise cautious buying at dips in these stocks for potential long-term gains.
Brokerages upbeat on City Union Bank
The price targets imply a 1-19% rise in the stock over its Tuesday closing price of ₹168.5. City Union Bank shares rallied 11.9% on Tuesday in a weak market in response to the September quarter earnings.
ET In The Classroom: Evaluating MF returns
Financial planners believe investors should not just look at returns in isolation, but should look at many other factors while evaluating performance. An important thing would be to compare rolling returns with the right schemes and peers, study expense ratio, look at statistical factors like standard deviation and beta.
Zomato ticks the boxes, yet has a lot more to deliver
The company reported an operating profit of ₹226 crore in the quarter against the year-ago loss of ₹47 crore. The operating profit margin stood at 4.7% for the quarter. The improved profitability comes on the back of food delivery margins firming up and quick commerce margins staying near break-even despite the store network expansion.
Rupee closes at new low of 84.0775 vs USD amid outflows
The Indian rupee closed at yet another record low of 84.0775 against the US dollar on Tuesday, pressured by outflows caused by Hyundai routing back funds to its parent company in South Korea after its latest IPO, dealers said.
Adani Energy Solutions gets Sebi notice on shareholder classification
Without disclosing further details, the company mentioned the receipt of the SCN in its exchange filing for the September quarter results.
Hyundai India’s weak debut one more among mega IPOs
“Since the issue size was large, it took away the possibility of the share price seeing any scarcity premium on the listing day,” said Mrunmayee Jogalekar, auto research analyst at Asit C Mehta Investment Intermediates. “The lack of retail participation and the near-term concerns on the auto sector led to the tepid listing.”