Analysis Financial News

former Google employee, Jerry Lee, based in San Francisco, recently shared his inspiring journey on Threads. Joining the tech giant in 2018 as a strategist, Lee faced an uphill battle initially, as his teammates viewed him as a liability. «My first two months at Google? Honestly, they were weird,» he admitted. Lee described how colleagues urged him to «take it easy,» enjoy the perks, and explore the campus. «I felt like they saw me as just a kid who wouldn’t contribute much since I was the youngest on a team with members 6+ years out of school. To them, I was a potential 'negative' at first,» he revealed.

Mazagon Dock Shipbuilders have made a bottom after taking support near the Rs 3,870 level, from where the stock resumed its upward journey, having broken above its previous swing high near the Rs 4,900 zone. The stock made a fresh high of Rs 5,860 in the month of July, from where it corrected about 51% as it came down to the above-mentioned support zone.

One MobiKwik Systems fell by as much as 5.7% on Friday to Rs 510.30 on the BSE. This decline came as investors engaged in profit booking after a sharp rally of 37% in the previous two days following the fintech firm’s Dalal Street debut. MobiKwik, which listed on the stock exchanges on Wednesday at a 58.5% premium over its issue price of Rs 279, saw its shares open at Rs 442.25 on the BSE. The stock had already delivered a 117% return as of Thursday, peaking at an intraday high of Rs 605 before retreating on Friday.

MphasiS Ltd. traded at Rs 2984.65 on BSE at 02:06PM (IST) on Friday, 4.27 per cent from previous close. The stock quoted a 52-week low price of Rs 2180.05 and a high of Rs 3239.55.

Shriram Finance Ltd. 1.11 per cent to Rs 2913.40 at 01:29PM (IST) in Friday's trade. The counter hit a high of Rs 2962.15 and low of Rs 2906.45 so far during the session. The stock had closed at Rs 2946.20 in the previous session. The counter had a total traded volume of 01:29PM shares so far with a turnover of Rs 2.99 crore on BSE. The stock traded at a price-to-earnings multiple of 13.63 and a price-to-book ratio of 1.81.

bank policy decisions weighed. The Nikkei closed 0.29% lower at 38,701.90, bringing it to a weekly decline of 1.66%, its steepest decline since early-November.

subscription of 3.49 times by 12:39 PM on its second day of bidding. The IPO issue is a mix of a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares, with the issue set to close on December 23. Subscriptions from retail investors stood at 4.86 times, while the non institutions investors had subscribed by 4.12 times on the second day of bidding. Meanwhile, the qualified institutional buyers had subscribed to 78% of the allotted portion.

«So, for very short term, yes, from these oversold zones, you can expect a bounce. But eventually, from those higher levels, this market has turned into a sell-on-rise market and I am not bullish on this market, except for a short-term bounce, then again, this market will continue its downturn,» says CA Rudramurthy BV, MD, Vachana Investments. Help us with your take on the benchmark indices, because it is Nifty 50 which is still below that 24,000 mark, as well as Nifty Bank is also trading in the red. So, do you expect some more recovery in the benchmark indices or we could just be consolidating in a tight range? CA Rudramurthy BV: See, first of all, markets are highly oversold. So, from these levels of around 23,800 where you have the 200-day moving average placed, Nifty can definitely see a bounce. And similarly, Bank Nifty from levels closer to that 51,000-51,200, we can definitely see a bounce in both Nifty as well as Bank Nifty.

Bank of Baroda traded 0.92 per cent at Rs 245.95 at 01:07PM (IST) on Friday, even as BSE benchmark Sensex 787.06 points to 78430.99. The stock had closed at Rs 248.25 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 298.45 and Rs 214.85, respectively.

Avenue Supermarts Ltd. rose 0.16 per cent to Rs 3493.90 in Friday's trade. It hit an intraday high of Rs 3513.90 and low of Rs 3470.00, respectively, during the day. The stock quoted a 52-week high price of Rs 5484.00 and low of Rs 3458.00.

ACC Ltd. rose 0.61 per cent to Rs 2128.90 in Friday's trade. It hit an intraday high of Rs 2128.90 and low of Rs 2101.55, respectively, during the day. The stock quoted a 52-week high price of Rs 2843.00 and low of Rs 1867.15.

«2025, the key is that what sort of revival we see in the auto sector. This year has been very turbulent, like initially there were good demand trend, then inventory got built up, festival season was fine, but post festival season again the growth concerns are there. The inflationary concerns in the minds of the consumers has held back consumption across various sectors and on top of that liquidity and interest rates have been higher,» says Sandip Sabharwal, asksandipsabharwal.com. We were just chatting yesterday about Asian Paints and how you think actually maybe it could bottom out in the year ahead. But that is not the case. I can even see names like IndusInd Bank, Nestle, Tata Consumer. We know your thoughts on FMCG, but what about banks? Do you think that the underperformers, like a case in point being IndusInd Bank, Bandhan, etc, even IDFC, and it is a long list, AU Small Finance Bank as well added in there, could they actually play catch up? Sandip Sabharwal: If we look at the internals of the banking stocks, especially the smaller ones, then what we need to see is that how the asset quality buildup is there, what have been the growth drivers in the past, how margins will get impacted for them, etc, and what the managements have historically said and what they have been able to deliver.

IPO) of Sanathan Textiles was subscribed 72% on Friday by 11:18 AM on its second day of bidding. The Rs 550 crore issue, which is a mix of fresh equity sale of Rs 400 crore and an offer for sale (OFS) of 46.72 lakh shares, will be available for bidding till December 23. Subscriptions from retail investors stood at 1.19 times, while the non institutions investors had subscribed by 60% on the second day of bidding. The qualified institutional buyers had not made any bids yet.

Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell's hawkish tone and comments on the potential of a Bitcoin reserve. In a press conference on Wednesday, Powell stated that the US central bank has no intention of being involved in any government efforts to stockpile large amounts of Bitcoin. «We're not allowed to own Bitcoin,» he said, following the Fed's two-day policy meeting.

Domestic benchmark index NSE Nifty fell 0.75 points to 23952.45, while the BSE Sensex traded 37.3 points down at 79180.75.

Bharat Electronics Ltd. traded 0.72 per cent in Friday's trade at 11:06AM (IST). Around 121,040 shares changed hands on the counter. The counter opened at Rs 298.00 and touched an intraday high and low of Rs 301.95 and Rs 297.25, respectively, in the session so far. Shares of the company of Bharat Electronics Ltd. quoted a 52-week high of Rs 340.35 and a 52-week low of Rs 163.95.

ICICI Lombard General Insurance Company Ltd. traded 0.97 per cent in Friday's trade at 11:12AM (IST). Around 628 shares changed hands on the counter. The counter opened at Rs 1898.00 and touched an intraday high and low of Rs 1915.60 and Rs 1889.00, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 2285.85 and a 52-week low of Rs 1354.80.

Cholamandalam Investment & Finance Company Ltd. 0.35 per cent to Rs 1217.80 at 10:20AM (IST) in Friday's trade. The scrip hit a high of Rs 1228.50 and low of Rs 1209.30 so far during the session. The stock had closed at Rs 1213.45 in the previous session. The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 0.63 crore on BSE. The stock traded at a price-to-earnings multiple of 26.50 and a price-to-book ratio of 4.96.

Benchmark NSE Nifty index fell 35.0 points to 23916.7 amid selling in frontline bluechip stocks.

Sagility India today rallied 5% in early trade to hit its upper circuit and a fresh all-time high of Rs 46.09 on the BSE as global brokerage firm Jefferies initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 52. The target indicates an upside potential of 18% for the stock from its previous closing price.

Oberoi Realty Ltd.(up 1.07 per cent) and Mahindra Lifespace Developers Ltd.(up 0.22 per cent) were among the top gainers.