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Zinka Logistics, which opened for subscription earlier today, has been subscribed by 21% so far on the first day of the bidding process. Around 1:15 pm, the issue had attracted 46,70,514 bids out of the total 2,25,67,270 available for subscription. The highest demand was driven by the retail investors subscribing to the issue by 35%, followed by the qualified institutional buyers (QIBs)

HDFC Asset Management Company Ltd. 2.17 per cent to Rs 4300.65 in Wednesday's trade as of 01:48PM (IST). The stock hit a high price of Rs 4366.60 and low of Rs 4260.00 during the session.

Tata Power Company Ltd. traded 2.22 per cent in Wednesday's session at 12:36PM (IST). The stock opened at Rs 413.45 and has touched an intraday high and low of Rs 416.20 and Rs 404.40, respectively, during the session so far. The stock quoted a 52-week high of Rs 494.85 and a 52-week low of 251.40. About 905,336 shares changed hands on the counter so far.

SRF Ltd. traded at Rs 2211.25 on BSE at 12:46PM (IST) on Wednesday, 1.74 per cent from previous close. The stock quoted a 52-week low price of Rs 2088.55 and a high of Rs 2697.45.

GAIL (India) Ltd. 1.85 per cent to Rs 190.45 at 12:41PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 194.70 and low of Rs 189.85 so far during the session. The stock had closed at Rs 194.05 in the previous session. The counter has had a total traded volume of 315400 shares so far with a value of Rs 6.04 crore on the NSE. It traded at a price-to-earnings multiple of 10.88 and a price-to-book ratio of 1.55.

Lupin Ltd. traded 2.31 per cent in Wednesday's trade at 12:51PM (IST). Around 8,814 shares changed hands on the counter. The scrip opened at Rs 2111.95 and touched an intraday high and low of Rs 2111.95 and Rs 2036.75, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 2312.00 and a 52-week low of Rs 1153.55.

Swiggy surged 9% to Rs 449 on BSE in Wednesday's trade after making its Dalal Street debut at Rs 412. Meanwhile, the company’s market capitalization crossed Rs 1 lakh crore mark. Swiggy’s muted debut on Dalal Street was marked by a small premium of 8% over its issue price. Investors are refraining from making bold bets on the stock since the company is currently loss-making at the consolidated level and is believed to be at least 2-3 years away from PAT level break-even.

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Indian Hotels Company Ltd. traded 1.56 per cent up at Rs 718.50 at around 12:10PM (IST) on Wednesday. The stock had closed at Rs 729.90 in the previous session. Equity benchmark Sensex traded 546.44 points at 78128.74 around the same time.

DLF Ltd. 2.56 per cent to Rs 744.90 at 12:17PM (IST) in Wednesday's trade. The stock has hit a high of Rs 769.45 and low of Rs 744.50 so far during the session. The stock had closed at Rs 764.50 in the previous session. The counter has had a total traded volume of 50887 shares so far with a value of Rs 3.84 crore on the NSE. It traded at a price-to-earnings multiple of 51.33 and a price-to-book ratio of 5.64.

buy call on Life Insurance Corporation of India with a target price of Rs 1,200. The current market price of Life Insurance Corporation (LIC) is Rs 932.3. LIC, incorporated in 1956, is a Small Cap company with a market cap of Rs 590723.16 crore, operating in Financial Services sector. Life Insurance Corporation of India's key products/revenue segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2024.

gold and silver prices, however this time addition twist has happen to this theory,” says Santosh Pandey, President & Head, Nuvama Professional Clients Group. In an interview with ETMarkets, Pandey said: “Higher Yield has potential to derail equity rally globally including India, but strong dollar is good for certain sectors like IT/Pharma and Textile on Indian perspective” Edited excerpts:

Zomato while Citi has upgraded Ramco Cement to buy. Meanwhile, Macquarie has initiated coverage on Swiggy and NTPC with an underperform and an outperform rating respectively.

Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. The digital asset is up about 32% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, based on data compiled by Bloomberg. It changed hands at $88,500 as of 9:13 a.m. Wednesday in Singapore.

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buy call on State Bank of India with a target price of Rs 1,000. The current market price of State Bank of India is Rs 849.5. State Bank of India, incorporated in 1955, has a market cap of Rs 756495.42 crore. State Bank of India's key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

Vodafone Idea will be in focus as the company will announce its second quarter results today. The telco is expected to narrow its consolidated losses for the quarter ended September 2024, while revenues are likely to grow marginally. Net losses for the quarter may narrow in the range of Rs 6300-6400 crore, according to estimates from three brokerages. Revenues are seen rising 5% year-on-year in the September quarter.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says we might get relative outperformance but at this point, just keeping your powder dry is probably the best thing to do until some of the scenarios play out after Trump assumes office. Hospitality, and traveling will be a key feature at least for next year or so. The airlines look okay. Some kind of premiumisation is happening in pockets and alcoholic and non-alcoholic drinks are the place to be there. Finally, electronic manufacturing (EMS) is a great area to be in the long term. Those three themes are in play, but if markets go down, then these stocks will go down as well. What is spooking the global markets right now? Do you think the excesses of the Trump rally are getting shaken off a little? Andrew Holland: Yes, you are bound to see a little bit of slowdown in the index after its rise but one thing that has clearly happened is that all the attention and all the focus is now on the US and that is what we have seen in terms of the markets not just the equity market, but obviously the currency and to some extent crypto as well. I do not see that stopping. I think that is going to be the kind of theme as Trump puts together his administration and America first kind of comes out of this.

Contil India, JostS Engineering Company and JTL Industries will likely remain in fous in today’s session as these companies have November 14 as the ex-date for the purpose of their respective stock splits. This means today is the last day to buy the shares of these companies in order to be eligible for the stock splits.

Analysts said this subdued sentiment is likely influenced by the company's continued losses, despite steady revenue growth.

IRCTC and RITES among a host of other companies likely to remain in focus today as they are approaching their ex-date, November 14, for the purpose of payment of dividend to its eligible shareholders. This means today is the last day to buy shares of these companies to qualify for the announced dividends.