Analysis Financial News

Shares of Federal Bank Ltd.(up 4.91 per cent), HDFC Bank Ltd.(up 2.25 per cent), IndusInd Bank Ltd.(up 1.7 per cent), Au Small Finance Bank Ltd.(up 1.54 per cent) and Kotak Mahindra Bank Ltd.(up 1.51 per cent) ended the day as top gainers in the pack.

Viking burial site in Denmark, revealing more than 50 exceptionally well-preserved skeletons that could hold important clues to the Viking era, a period from 793 to 1066 A.D. «This is such an exciting find because we found these skeletons that are so very, very well preserved,» archeologist Michael Borre Lundø told news agency AP, who led the six-month dig. «Normally, we would be lucky to find a few teeth in the graves, but here we have entire skeletons.» According to experts from Museum Odense the skeletons were preserved due to favourable soil chemistry, particularly chalk and high water levels. The site was discovered last year during a routine survey, on the outskirts of the village of Aasum, 5 kilometres, northeast of Odense, Denmark's third-largest city.

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Angel One on Monday reported a consolidated net profit at Rs 423 crore in the quarter ended September 30, 2024, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter. On a sequential basis, profit after tax (PAT) was up by 45% as against Rs 293 crore in Q1FY25, the company filing said.

Shares of Wipro Ltd.(up 4.03 per cent), MphasiS Ltd.(up 3.0 per cent), Tech Mahindra Ltd.(up 2.76 per cent), Persistent Systems Ltd.(up 2.7 per cent) and Infosys Ltd.(up 1.23 per cent) ended the day as top gainers in the pack.

Au Small Finance Bank Ltd. fell 0.5 per cent to Rs 687.05 at 12:36PM hours (IST) on Monday. 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 20,122 shares with a turnover of Rs 1.38 crore till 12:36PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 30.96, while the price-to-book value ratio stood at 0.0.

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Rep. Greg Murphy, R-N.C., details the devastation caused by Hurricane Helene and the impact of the storm on the upcoming presidential election.

stock market broker Ketan Parekh's plea for the closure of a case initiated against by SEBI for not paying a penalty imposed by the markets regulator, noting the accused prima facie violated the norms «intentionally». The special judge for cases under the Securities and Exchange Board of India (SEBI) Act, RM Jadhav, in an order passed on October 4, ruled that Parekh's plea for compounding of the case against him «is unwarranted and uncalled for». SEBI initiated a criminal case against Parekh after he failed to pay the penalty for violating the board's regulation. In response, Parekh filed an application before the court for closure of the case by compounding.

Vedanta Resources Ltd has said it paid USD 869 million to bondholders in October to redeem bonds three to four years ahead of maturity. The repayments are part of a larger liquidity management exercise under which Vedanta Resources Finance II PLC (VRF) — a wholly-owned subsidiary of Vedanta Resources Ltd — is repaying bonds with a higher interest rate to save on interest costs. VRF has repaid USD 869 million to bondholders holding 13.875 per cent bonds due in 2027 and 2028, respectively.

Major League Baseball has announced it will produce and distribute local broadcasts for the Cleveland Guardians, Milwaukee Brewers and Minnesota Twins next year

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Shree Cements Ltd. fell 1.41 per cent to Rs 25200.0 in Wednesday's trade as of 01:12PM (IST) even as the benchmark Nifty ruled at 25111.85, up 98.7 points. The scrip had closed at Rs 25562.4 in the previous session. The stock quoted a 52-week low of Rs 23714.05 and a high of Rs 30710.15. The company quoted a market-cap of Rs 90923.67 crore on the BSE.

Following the announcement of the price band, the company's GMP is steady at Rs 147 in the grey market. Considering the upper price band of Rs 1,960, the stock is expected to fetch marginal gains of 7% if the current trends are sustained.

BSE at 01:02PM (IST) on Wednesday, up 0.98 per cent from previous close. The stock quoted a 52-week low price of Rs 636.1 and a high of Rs 1148.3.

Au Small Finance Bank Ltd. traded 1.21 per cent down at Rs 718.3 at 01:07PM (IST) on Wednesday, even as BSE benchmark Sensex gained 297.08 points to 81931.89. The scrip had closed at Rs 727.15 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 813.0 and Rs 554.0, respectively.

Ambuja Cements Ltd. rose 1.66 per cent to Rs 616.6 at 11:16AM 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 21,085 shares with a turnover of Rs 1.29 crore till 11:16AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 45.75, while the price-to-book value ratio stood at 3.25.

RITES rallied 8% to a day’s high of Rs 324.70 on the BSE after the company announced that it has entered into a strategic partnership with Etihad Rail to explore railway infrastructure development in the UAE. “RITES Ltd., a prime transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with Etihad Rail, the developer and operator of the UAE National Rail Network, to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region,” the company said in a filing to the exchanges.

economic growth outlook, is expected to uphold the stable growth pattern in the housing property market. The ongoing steady growth in transactions for mid-range and luxury residential properties, along with a cautious approach toward the interest rate-sensitive affordable and low-income housing markets, is expected to continue, experts said. “The Reserve Bank of India's decision to maintain the repo rate at 6.5% and adopt a neutral stance reflects an astute understanding of the complex geopolitical and economic landscape. While a 25basis point cut could have further energized festive sales and buoyed market sentiment, the current approach represents a balanced measure to sustain financial health,” said Niranjan Hiranandani — Chairman, NAREDCO and Hiranandani Group.

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