Analysis Financial News
16.10 / 11:17
16.10 / 09:45
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Maharashtra's pre-budget welfare schemes not to dent state finances: Icra
Maharashtra government is unlikely to dent the state's financial position, a domestic rating agency said. Icra Ratings' chief economist Aditi Nayar also expects that there will not be a «runaway increase» in spending even though the «rhetoric may be very high». She explained that Maharashtra fares well on the state debt front, and the leverage levels are among the lowest in the country. Concerns have been raised in the recent past over schemes like the Rs 46,000-crore Ladki Bahin Yojana of providing cash handouts to women or the decision to discontinue tolls for cars while entering or exiting the financial capital.
16.10 / 09:45
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band
Danish Power announces IPO dates, price band in largest SME offering this year
Danish Power, which is the largest in the SME segment this year, will open for subscription on October 22. Investors can bid for the offer till October 24. The company plans to raise nearly Rs 198 crore through the IPO, which is completely a fresh equity sale of 52.08 lakh shares. The IPO is priced in the range of 360-380 per share.
16.10 / 09:45
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Investors cheer IPO announcement from Waaree Energies as GMP hints at multibagger gains
Waaree Energies are in high demand in the grey market as the company announced its price band for its Rs 432 crore IPO. The issue opens for subscription on October 21 and investors can bid till October 23. The current GMP is around Rs 1350, which indicates a premium of nearly 90% over the issue price. The IPO is priced in the range of Rs 1427-1503 apiece. Most analysts expect a multibagger listing for the company if the current demand sustains.
16.10 / 09:45
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Quant Mutual Fund invests Rs 2,000 crore in Adani Enterprises QIP
Quant Mutual Fund has invested around Rs 2,000 crore in the Adani Enterprises Qualified Institutions Placement (QIP). The QIP committee has approved the total issue size aggregating to approximately Rs 4,200 crore, under the issue by provisions of SEBI ICDR Regulations. As a percentage of total issue size, Quant Mutual Fund has invested nearly 47% in the QIP. Among the list of participants, a major stake was held by Quant Mutual Fund. Five schemes were from Quant Mutual Fund. Quant Small Cap Fund got the highest stake where around 24.68 lakh shares were allotted which is nearly 17.40% of the total issue size.
16.10 / 09:19
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Buy State Bank of India, target price Rs 1,000: ICICI Securities
ICICI Securities has buy call on State Bank of India (SBI) with a target price of Rs 1,000. The current market price of State Bank of India share is Rs 805.2. State Bank of India, incorporated in the year 1955, is a banking company with a market cap of Rs 718387.29 crore. SBI 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.
16.10 / 09:19
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Lakshya Powertech IPO booked over 30x so far on Day 1. Check GMP & other details
Lakshya Powertech's issue has been garnering strong demand from investors. The issue, which opened for bidding earlier today, was already subscribed 30 times. This demand was driven by retail investors, whose category was booked over 50 times, followed by non-institutional investors at 24 times.
16.10 / 08:33
16.10 / 08:33
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Share price of Divis Labs falls as Sensex drops 293.37 points
<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. dropped 0.29 per cent to Rs 6089.55 at 01:39PM (IST) in Wednesday's trade. The stock hit a high of Rs 6141.1 and low of Rs 6055.3 so far during the session. The stock had closed at Rs 6107.35 in the previous session. The counter had a total traded volume of 01:39PM shares so far with a turnover of Rs 3.51 crore on BSE. The stock traded at a price-to-earnings multiple of 96.49 and a price-to-book ratio of 6.71.
16.10 / 08:33
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Share price of LTIMindtree falls as Sensex drops 268.61 points
LTIMindtree Ltd. dropped 1.32 per cent to Rs 6374.25 at 01:49PM (IST) in Wednesday's trade. The scrip hit a high of Rs 6459.6 and low of Rs 6344.0 so far during the session. The stock had closed at Rs 6459.6 in the previous session. The counter had a total traded volume of 01:49PM shares so far with a turnover of Rs 1.39 crore on BSE. The stock traded at a price-to-earnings multiple of 41.32 and a price-to-book ratio of 7.3.
16.10 / 08:33
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Wipro Q2 Results Preview: Revenue seen down up to 2% YoY, Q3 CC guidance at -1% to 1%
Wipro is expected to report a revenue decline of 1.1% to 1.7% on a year-on-year (YoY) basis for the quarter ended September 30, 2024, according to average estimates from five brokerages, which have pegged the topline in a range of Rs 22,134 crore to Rs 22,516 crore. Estimates for the company's net profit growth for Q2 are expected to range between 5.5% and 19.5%, resulting in PAT of Rs 2,646 crore to Rs 3,161 crore.
16.10 / 07:29
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Bandhan Bank stock price down 0.72 per cent as Sensex slides
Bandhan Bank Ltd. fell 0.72 per cent to Rs 192.9 at 12:42PM hours (IST) on Wednesday. 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 326,027 shares with a turnover of Rs 6.31 crore till 12:42PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 12.09, while the price-to-book value ratio stood at 1.34.
16.10 / 07:29
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Pidilite Ind shares fall 0.57 per cent in Wednesday's trading session
Pidilite Industries Ltd. fell 0.57 per cent to Rs 3147.75 in Wednesday's trade as of 12:38PM (IST) even as the benchmark Nifty ruled at 24944.0, down 113.35 points. The scrip had closed at Rs 3165.8 in the previous session. The stock quoted a 52-week low of Rs 2293.1 and a high of Rs 3414.4. The company quoted a market-cap of Rs 160100.05 crore on the BSE.
16.10 / 06:27
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Shipping Corporation, GE Shipping shares rally up to 5% ahead of Cabinet meeting today
Shipping Corporation of India and Great Eastern Shipping Company rose up to 5% on the BSE today amid reports that the Centre may approve the Coastal Shipping Bill 2024 in today’s Cabinet meeting. The shares of Shipping Corporation surged 4.6% to day’s high of Rs 249.45 while those of Great Eastern Shipping Company went up by 2.5% to Rs 1,312.40 on the BSE.
16.10 / 06:27
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F&O Stock Strategy: How to trade Deepak Nitrite and Bajaj Finance
banking, auto, and IT stocks. The BSE Sensex was trading 161 points, or 0.20%, lower at 81,659. The Nifty50 was down 33 points, or 0.13%, trading at 25,024 around 9:18 am.
16.10 / 06:27
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Crompton Greaves shares down 1.92% as Nifty drops
Crompton Greaves Consumer Electricals Ltd. traded 1.92 per cent down in Wednesday's trade at 11:52AM (IST). Around 23,735 shares changed hands on the counter. The scrip opened at Rs 422.2 and touched an intraday high and low of Rs 430.7 and Rs 417.9, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 483.65 and a 52-week low of Rs 262.1.
16.10 / 06:27
16.10 / 06:27
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PNB shares fall 0.04% as Nifty drops
Punjab National Bank traded 0.04 per cent down at Rs 104.9 on Wednesday at around 11:45AM (IST), while the benchmark BSE Sensex declined 387.68 points to 81432.44. As many as 161,723 shares changed hands on the counter with a total value of Rs 1.69 crore.
16.10 / 05:15
16.10 / 05:15
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Stock market update: Nifty IT index falls 0.17% in a weak market
Wipro Ltd.(up 0.68 per cent), HCL Technologies Ltd.(up 0.52 per cent), L&T Technology Services Ltd.(up 0.41 per cent) and Persistent Systems Ltd.(up 0.1 per cent) were among the top gainers.
16.10 / 05:15
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Indian Oil Corp. stock price up 0.98 per cent as Sensex slides
Indian Oil Corporation Ltd. rose 0.98 per cent to Rs 169.5 at 10:25AM hours (IST) on Wednesday. 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 331,071 shares with a turnover of Rs 5.64 crore till 10:25AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 7.78, while the price-to-book value ratio stood at 1.26.
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