Booking Financial News

By Ankika Biswas

₹11,901.85, hit on March 28, 2023. While they achieved record-high wholesale dispatches of passenger vehicles (PVs) in October, showrooms are now dealing with unprecedented inventory levels, raising concerns for both dealerships and manufacturers. According to FADA, the Navratri period saw a surge in bookings driven by the introduction of new models, particularly SUVs, and attractive consumer offers.

Tata Motors, L&T amongst top 5 performers during Samvat 2079 Tata Motors Ltd, Larsen & Toubro stand amongst top 5 Sensex gainers since last Diwali. The share prices of Tata Motors and Larsen & Toubro have gained 55-61% during samvat 2079 till date (i.e since Diwali last year) The strong pickup in economic activity has been supportive for Tata Motors and Larsen & Toubro. For Tata Motors the pickup and improvement in domestic commercial vehicle demand as well as continued momentum in personal vehicles segment remains a key growth driver.

real estate on Dhanteras aligns with the concept of wealth accumulation and prudent financial planning. The act of buying a house on Dhanteras is akin to a well-considered financial decision with the potential to underpin long-term financial stability, added Anoop Kumar Bhargava.

Lok Sabha elections are going to be the most important event for the next 12 months. PL believes the return of a strong majority government can re-rate the markets meaningfully from current levels.

Protean eGov Technologies, ESAF Small Finance Bank and ASK Automotive are currently open for public subscription. Here's a brief look at subscription status and other details. ESAF Small Finance Bank The public offer of ESAF Small Finance Bank (SFB) was booked nearly 19x on the third day of the bidding process.

Investing.com — European stock markets edged largely lower Tuesday, as investors digested weak German industrial output data as well as more quarterly corporate earnings.

Diwali 2023: IRCTC announces 5 nights 6 days package to Andaman and Nicobar Islands. Check price, itinerary here Saurabh Jain, Vice President - Research at SMC Global Securities, said, “IRCTC's focus on other than online ticket booking business is expected to reflect in the balance sheet of the company in the upcoming Q2 results." "The market is expecting that IRCTC may report a rise in hospitality and catering revenue.

ASK Automotive IPO raised over ₹250 crore from anchor investors on Monday, November 6, where 25 investors participated in the anchor book, and five mutual funds applied through six schemes. ASK Automotive IPO consists of a total offer size of up to 29,571,390 equity shares with a face value of ₹2 each where Kuldip Singh Rathee will offload up to 20,699,973 equity shares and Vijay Rathee (promoter selling stockholders) up to 8,871,417 equity shares.

home loan and real estate industries see the festive season as a potential opportunity to increase their sales by attracting customers. A recent report by real estate advisory company Palladian Partners shows there was a 32% jump in bookings in Mumbai in September 2023 year-on-year (YoY) while stamp revenue rose 53 per cent during the same period. Anarock Group’s data for September showed a jump of 29% YoY in new bookings in Bengaluru.

Stock market today: After flat listing on BSE and NSE, Mamaearth's parent Honasa Consumer share price further went down and touched intraday low of ₹322 apiece on BSE. According to stock market experts, Mamaearth IPO witnessed 'motivated investment' in second half of the last day of subacription. Hence, there can be sharp downside if no big investment comes into the stock after listing.

Ambuja Cements Ltd. traded 0.53 per cent down at Rs 419.0 on Tuesday at around 01:09PM (IST), while the benchmark BSE Sensex declined 188.18 points to 64770.51. As many as 38,799 shares changed hands on the counter with a total value of Rs 1.63 crore.

TATA AIG General Insurance Company Limited today said it will offer travel insurance to Air India, for both of its domestic and international travellers. The objective is to enhance Air India passengers’ journeys, thereby allowing them to enjoy their travels, the insurer said. 

OpenAI introduced its latest AI model called GPT-4 Turbo, which is an upgraded version of its popular ChatGPT chatbot. This new model comes with enhanced capabilities for users to create customized versions of ChatGPT. One of the major announcements made by OpenAI was the reduction in prices for companies and developers who use their software.

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

Rajeev Thakker, CIO,PPFAS MF, says “ at a time when US bond yields are around 4 to 5% and threatening to go higher and for longer, I do not think one should be really looking at hitting sixes right now. People have made a good amount of returns in the last few years, not the last two years, but maybe from a five-year perspective. I think it is time to be more conservative in terms of the future outlook. I do not think it is a time to be very aggressive in terms of investing.” The PMS started with an AUM of less than Rs 500 crore, Is it worth Rs 20,000 crore now? Equity scheme is Rs 45,000 crore. So, Rs 45,000 crore of equity and you started in 2012? 2013.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “L&T on one hand, shows extremely high competitiveness in bidding and winning the contracts. On the other hand, the input cost control has to be there. In a given situation, which remains quite fluid, it is difficult for companies to maintain the margin beyond a point. Of course, they have got a pass over clause in most of their contracts. But all said and done, there are certain challenges in the margin. As a result of which, the margins have remained relatively more competitive. That is where they are probably not getting a higher valuation.” Do you think a large part of the rally in the capex theme is done because in the last few weeks, we have seen sideways moves from the likes of Siemens and ABB. The big rally that we were witnessing a few months ago seems to have subsided, with the exception of L&T? I guess a few things need to be observed. While most of the companies are continuing to take advantage of a good capex cycle in the country because of the government spending, the spending by the industry, etc. I feel the more important part is that these companies would have a probability of growth rate moderated between 15% and 20%.

The Sun has stated. Sources told The Sun that the former Suits actress is waiting for a "Meghanaissance" as she has joined top Hollywood talent agency WME in April this year. As per the report, there have been speculations that Markle could follow her husband Prince Harry's footsteps and launch her own memoir.

Dalal Street, Mish Designs shares listed on the BSE SME exchange today at ₹160 per share levels, which is 31 per cent higher from the issue price. The BSE SME issue was offereed at a fixed price of ₹122 apiece. After listing at ₹160 per share levels, Mish Designs share price further went upside and hit intraday high of ₹165 per share within few minutes of stock listing.

ZURICH (Reuters) — UBS Group reported a $785 million third-quarter loss on Tuesday after booking $2.1 billion in expenses tied to the Swiss bank's takeover of fallen rival Credit Suisse.

Sanjiv Bhasin, Director, IIFL Securities, says “Lupin is my dark horse play. The stock has given a smart run up, but I still think Lupin is headed higher. You can add a basket of maybe Cipla and given that it is a takeover target, given a Cipla, Dr Reddy and Sun Pharma. Divi’s yes, on decline would be a buy because in contract farming in the API distribution, they are one of the largest players.” Let us begin by discussing the pharma sector. The earnings this time have managed to show an improvement with the exception of Divi’s which of course was a big miss on the margin front. The commentary is something that the Street likes. Even Gland after many quarters has managed to deliver an okay set. Which are the stocks that you like? You are right, Divi’s did disappoint but the management sounded very confident on the second half and that is the commentary from a lot of players on the second half of the calendar year and that I think is going to be instrumental. In pharma, we have seen blockbuster numbers from Cipla, Sun Pharma and Dr Reddy. The dark horse play which will come out with superb numbers is Lupin.