Paytm Q2 Results Preview: Losses may widen YoY; revenue growth to improve
One97 Communications, which runs Paytm, is set to see increased revenue growth in the second quarter of 2024. However, its losses are likely to widen to Rs 660 crore. Despite this, losses should decrease from the previous quarter due to growth in payment services to merchants and financial services.
Tech View: Nifty may revisit 24,500-24,600 support, forms reasonable red candle. How to trade tomorrow
Nifty’s trend remains weak within a range-bound movement. After failing to maintain its recent upward bounce, the market may retest the lower levels of 24,600-24,500 in the near term, with immediate resistance around the 25,000 mark, according to Nagaraj Shetti of HDFC Securities.
Shares of GLF, Maharashtra Scooters, 6 other holding companies rally up to 20%. Here’s why
Shares of holding companies, including GFL, Pilani Investment and Industries Corporation, and SIL Investments, up to surged 20% on Monday. This followed an NSE circular announcing a special call auction session on October 28 for price discovery of listed investment companies (ICs) and investment holding companies (IHCs).
Hyundai IPO listing tomorrow, GMP declines to 2% over issue price
Hyundai IPO Share Listing: Hyundai’s IPO grey market premium has jumped to 5%, suggesting improved investor sentiment and a positive listing. The shares are trading at Rs 2067, reflecting a 5% premium. The Rs 27,870 crore IPO saw muted demand initially but improved interest. Analysts recommend subscribing for long-term gains in the premium car market.
September quarter sees rise in retail holdings of PSU stocks
In the quarter ending September 2024, retail investors increased their holdings in 40 out of 59 PSU stocks compared to the previous quarter. Since early September, the Sensex has gained around 2.8%, while the BSE PSU index has declined by 2.35%, with most PSU stocks facing a correction.
Karnataka’s GSDP at 10.2% outperforms national average of 8.2%, says CM, dismisses NSE projection
Karnataka’s GSDP growth rate of 10.2% in FY 2023-24 outperformed the national average of 8.2%, amid challenges like drought and global IT slowdown. The government credited strategic governance and diversified growth drivers, despite opposition claims of stagnant growth.
Earnings weakness signals no near-term market breakout, warns Madanagopal Ramu
If you are investing in the high growth sectors, you can expect a 20% earnings growth. But if you are going to be a diversified investor with a large amount of mid and smallcaps, then you should be prepared about earnings disappointment in that space as well.
Tata Group’s strong governance to continue post Ratan Tata era: Milind Karmarkar
We have invested earlier, but now at this stage what I think is that these are companies where a long-term, large growth potential probably is not there, that is the reason and they are reasonably priced also, so that is the reason why I am not buying into them as of now.
What to do with Bajaj Auto, DMart, Manappuram Finance and 3 other stocks? Aamar Deo of Angel One decodes
Most of the technical and derivatives indicators point towards a consolidation this week, with markets likely to be further driven by quarterly earnings, FII flows, geo-politics, and global market sentiments.
Tejas Networks shares hit 20% upper circuit on robust Q2 earnings
Tejas Networks shares surged 20% to Rs 1,427.55 on Monday after the company reported a return to profitability in Q2 FY25. The profit after tax (PAT) reached Rs 275 crore, compared to a net loss of Rs 13 crore last year. Consolidated revenue soared six-fold to Rs 2,811 crore, up from Rs 396 crore in […]