Analysis Financial News

Revenue from operations during the second quarter is likely to fall by a marginal 0.2% year-on-year, according to an average estimate of four brokerages.

Reasons to buyReasons to avoidThe MOREPEN GlucoOne Glucose Monitor Strips are designed for use with the Dr Morepen BG-03 Gluco-Glocometer. These strips are easy to use and provide accurate results within seconds.

Nifty on Friday with a minor lower shadow. Technically, this pattern indicates a choppy movement in the market. Having declined sharply from near the hurdle of 24,500 levels, one may expect further consolidation in the short term. The short-term trend of Nifty continues to be choppy. The next lower supports to be watched are around 23,800 levels. Immediate resistance is placed at 24,250 levels, said Nagaraj Shetti of HDFC Securities.

capital on Friday amid fresh buying by local jewellers and retailers for the wedding festivities, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled lower at Rs 79,500 per 10 grams on Thursday. Silver also jumped Rs 800 to Rs 94,600 per kg against the previous close of Rs 93,800 per kg.

quarter, mainly on account of fall in income. It had posted Rs 386.57 crore net profit for July-September 2023, the company said in an exchange filing. Total income declined to Rs 3,364.23 crore from Rs 4,161.41 crore in the second quarter last fiscal.

Satin's consolidated net profit was at Rs 42 crore in the September quarter as compared with Rs 103 crore in the year-ago period.

«I have always been and I remain over the long term very positive on the private sector banking universe. India if it continues to grow at about, say, 7% to 7.5% over the long term, that growth will have to come from investments and consumption and it is the private sector banks which would be financing that growth,» says Manishi Raychaudhuri, Veteran Investor. It has been an eventful week of sorts because you had so many events to watch out for, be it the US elections, be it the FOMC rate decision. Also, back home you had Diwali and you had to look at the Diwali sales, the auto sales numbers. Tell me, how are you reading all of these various signs that you are getting in from the markets? Firstly, let us talk about the US elections. Manishi Raychaudhuri: That is possibly the most important development that the whole world has been waiting for, including financial asset investors, both equity and fixed income.

shares were subdued at the open on Friday on the back of mixed earnings results, while heavyweight luxury firms fell after Richemont's results failed to impress. The pan-European STOXX 600 held firm at 509.9 points as of 0817 GMT, with healthcare leading subsector gains with a 1.1% rise, while basic resources lagged with a 2.4% fall.

However, revenue from operations declined 9% YoY to Rs 8,768.8 crore in the reporting period, compared with Rs 9,638 crore in the corresponding period of last year.

Subscribe to enjoy similar stories. Nearly every Friday morning for the last three years, I’ve exercised side-by-side with Perry Chapman. At 70, Perry is over 15 years older than me, but she puts me to shame.

REC Ltd. 2.39 per cent to Rs 515.90 in Friday's trade as of 02:00PM (IST). The stock hit a high price of Rs 526.40 and low of Rs 514.10 during the session.

GAIL (India) Ltd. traded 2.54 per cent in Friday's trade at 02:09PM (IST). Around 502,607 shares changed hands on the counter. The scrip opened at Rs 210.40 and touched an intraday high and low of Rs 210.40 and Rs 203.90, respectively, in the session so far. The stock of GAIL (India) Ltd. quoted a 52-week high of Rs 246.35 and a 52-week low of Rs 122.90.

Ashok Leyland Ltd. traded 2.31 per cent at Rs 220.80 at 02:05PM (IST) on Friday, even as BSE benchmark Sensex 98.56 points to 79443.23. The stock had closed at Rs 215.80 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 264.70 and Rs 157.65, respectively.

H-1B visa holding employees in the last eight years even as Indian IT services firms cut their reliance, as per an ET analysis.

Stocks that rallied over 10% included, Adroit Infotech (PP)(14.32%), Aksh Optifibre(12.23%), Sayaji Hotels(11.84%), Trans Freight(11.73%), Shiva Texyarn(10.82%), Reliance Chemo(10.08%) and BKV Industries(10.00%).

HDFC Asset Management Company Ltd. traded 0.6 per cent up at Rs 4488.80 at around 11:28AM (IST) on Friday. The stock had closed at Rs 4516.30 in the previous session. Equity benchmark Sensex traded 93.3 points at 79448.49 around the same time.

DLF Ltd. 1.71 per cent to Rs 789.35 in Friday's trade as of 11:38AM (IST). The stock hit a high price of Rs 817.30 and low of Rs 788.65 during the session. The return on equity (ROE) for the stock stood at 6.91 per cent. Traded volume on the counter stood at 11:38AM shares and turnover at Rs 2.17 crore around that time. The stock of DLF Ltd. quoted a 52-week high price of Rs 967.00 and 52-week low prices of Rs 591.25, respectively.

Sumitomo Rubber says it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs

Wipro Ltd.(up 2.39 per cent), Tech Mahindra Ltd.(up 2.02 per cent), Infosys Ltd.(up 1.85 per cent), Coforge Ltd.(up 1.63 per cent) and LTIMindtree Ltd.(up 1.25 per cent) were among the top gainers.

Tata Elxsi Ltd. rose 0.66 per cent to Rs 7209.05 in Friday's trade. It hit an intraday high of Rs 7235.00 and low of Rs 7100.00, respectively, during the day. The stock quoted a 52-week high price of Rs 9191.10 and low of Rs 6406.60.

Lupin Ltd. 0.4 per cent to Rs 2119.00 at 11:02AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 67,166 shares with a turnover of Rs 14.23 crore till 11:02AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 36.86, while the price-to-book value ratio stood at 5.16.