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A prime-time CNN discussion that went off the rails led to a conservative writer being thrown off the air and banned from the network

Elcid Investments has gone down in the annals of Dalal Street as a rare exception, with a mind-boggling 66,92,535% jump in share prices, leaving both old and young investors dumbfounded. The little-known stock, which was traded only once in 2024, saw just 500 shares change hands at Rs 3.53 apiece on June 21. On Tuesday, its share price suddenly jumped to Rs 2,36,250, with a small trading volume of 241 shares.

trading session. So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday's trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.

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Sandip Sabharwal, asksandipsabharwal.com, says while there is nothing safe in the market, IDFC First Bank stocks can be the relatively safe sparklers. For those willing to take higher risks, Ahluwalia Contracts can be the high-risk rockets while InterGlobe Aviation or IndiGo can be the perfect value bomb. This Dhanteras, which safe sparkler or safe bets should one look at? Sandip Sabharwal: Now, there is nothing safe in the stock market as such. It is all about relative safeness. I think IDFC First Bank is pretty well placed at the current prices. The results which came out over the weekend reflected that there is resilience in the business model. The core business is doing well. When you look at every bank, the key to look at is the asset quality of the bank and the deposit growth quality of the deposit and then the credit growth and the reported profitability. So, in all these parameters, it is doing very well. Its net NPAs are very similar to that of ICICI Bank or HDFC Bank.

smallcap stock called Elcid Investments has just re-written Dalal Street's history with its share price skyrocketing from just Rs 3.53 to Rs 236,250, an impossible-looking jump of 66,92,535% in one day. Elcid is now India's most highly-priced stock as it has surpassed MRF's share price of Rs 1.2 lakh. Such a sharp jump is unheard of in India's history and reminds investors of the crypto mania of 2021 when prices of several cryptocurrencies just went through the roof in a matter of days.

Finova Capital has secured $135 million (about Rs 1,135 crore) in a fresh funding round led by Avataar Venture Partners, Sofina and Madison India Capital, with existing investor Norwest Venture Partners also participating, the Jaipur-based company said on Tuesday. The new investors join existing shareholders Peak XV Partners, Faering Capital and Maj Invest. The round provided partial exit to some of the early investors, the company said. The transaction marks business-to-business focused growth-stage fund Avataar Venture Partners’ first investment in the financial services sector in India.

Suzlon Energy stock will be in focus on Tuesday after the company reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore reported by it in the year ago period. Company's revenue from operations during the quarter stood at Rs 2,093 crore which was up 48% over Rs 1,417 crore reported in the corresponding quarter of the previous financial year.

₹1,621 crore from anchor investors. The IPO, valued at ₹5,430 crore, is set to remain open until today (Tuesday, 29 October).

Suzlon Energy on Monday reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore in the year ago period. Company's revenue from operations during the quarter stood at Rs 2,093 crore, up 48% over Rs 1,417 crore reported in the corresponding quarter of the previous financial year. Company's Earnings, Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the reported quarter stood at Rs 294 crore versus Rs 225 crore in the year ago period. It was 31% higher on a YoY basis. Meanwhile, EBITDA margin in Q2FY25 was down to 14.1% from 15.9% in the year ago period.

V Vaidyanathan, MD & CEO, IDFC First Bank, says the microfinance sector's delinquency has been going up and other than IDFC First, other banks have also been affected. The good thing is IDFC’s delinquency as compared to the rest of the industry, is much less. SMA or pre-NPA is only 2.5% as compared to 3.5% to 4% or maybe 2.7% to 4% for similar banks. Also, now 50% of the portfolio is insured and it will reach 75% by March ‘25. Vaidyanathan also says that they have taken a big write-off on an infrastructure loan candidate who used to collect tolls from cars entering and leaving Mumbai. As the government has announced that no toll will be levied, this company was in dire straits. From next quarter, the name of this account will not be there anymore. Good comes with the bad and for the quarter gone by, there is a lot of good, but there is a lot of bad also. What shall we start with? V Vaidyanathan: We should start with the bad because people will want to hear what really happened this quarter and we need to explain.

Subscribe to enjoy similar stories. DLF Ltd’s pre-sales or booking momentum dwindled in the September quarter (Q2FY25) thanks to muted sales of existing projects in a seasonally lean quarter and no new project launches due to delayed approvals. The realty company’s pre-sales fell 69% year-on-year and 89% sequentially to a 17-quarter low of ₹692 crore.

Tatkal tickets on the day before the train's departure from the originating station. The booking window opens at 10 am for AC classes (2A/3A/CC/EC/3E) and 11 am for non-AC coaches (SL/FC/2S). For example, if you want to book a Tatkal ticket for a train departing on November 1, you can book it on October 30 at the specified times. Now imagine you need to book Tatkal train tickets for a family of five. This could cost thousands of rupees. Additionally, if you specify a particular berth, such as a lower berth, and it's not available, your money will be blocked for four to five days before being automatically refunded. The main concern is not the refund itself, but the time it takes to receive it. To save both time and money when booking Tatkal tickets, consider using the autopay option where you can use UPI (OTM)/debit card (OTM)/credit card (OTM) to pay for the tickets using a mandate. These autopay options are available on the IRCTC iPay payment gateway.

Waaree Energies dropped nearly 10% to Rs 2,294.5 on the BSE after their strong debut on the exchanges on Monday. The stock debuted at Rs 2,550 on the BSE, reflecting a premium of Rs 1,047 or 69.7% over the IPO price of Rs 1503. «Waaree Energies Limited made a strong listing, reflecting investor confidence in the company's growth potential and financial stability. Investors may consider booking part profit here, and those who want to hold it for the long term may keep a stoploss of 2000,» said Shivani Nyati, Head of Wealth at Swastika Investmart.

Waaree Energies will debut on the exchanges today. Ahead of the listing, the company's shares are trading with a GMP of Rs 1225 in the grey market. Considering the upper price band of Rs 1503, the stock is expected to list at 81% premium over the issue price.

Subscribe to enjoy similar stories. The Adani Group is in advanced discussions with the Odisha government to build its first greenfield cement factory, two years after embarking on its cement odyssey with a series of acquisitions. Group company Ambuja Cements Ltd is likely to build the 4 million tonnes per annum (mtpa) unit at a cost of ₹3,000-3,500 crore, said two people aware of the matter, including a government official.

Subscribe to enjoy similar stories. BENGALURU , MUMBAI : The highly anticipated biography of Ratan Tata, which hit bookstores on Friday, less than three weeks after his death, was reportedly published without the late industrialist’s stamp of approval. Tata distanced himself from ‘Ratan Tata—A Life’ and ended the agreement late last year because he felt “discomfited" by the overly flattering references about him in the manuscript he had received, according to an executive familiar with the situation.

Ratan Tata and Cyrus Mistry is well-documented, marked by a series of pivotal moments that ultimately led to Mistry's dismissal as Chairman of Tata Sons in 2016. As reported by TOI, a newly released biography, Ratan Tata: A Life, authored by Thomas Mathew, sheds light on the intricate dynamics that characterized their professional relationship.

Ratan Tata began having second thoughts about Cyrus Mistry's 'suitability' as chairman-designate of Tata Sons by the end of the first year of apprenticeship under him to give insights and hands-on experience on how to run the group, even before the latter formally taking over the position fully, according to a newly released book. Tata 'suffered more' than Mistry 'in a way' from the decision to sack his successor as Chairman of Tata Sons in October 2016, claimed a biography of the late veteran industrialist and philanthropist — Ratan Tata A Life — authored by Thomas Mathew and published by HarperCollins Publishers. Late Mistry was chosen in 2011 after a global search by a selection committee to succeed Tata — who retired as Chairman of Tata Sons in December 2012 — with his full endorsement, despite apprehensions and reservations expressed by group veterans. For a year Mistry was the 'Chairman designate' before he took over as Chairman of Tata Sons after Tata's retirement. While approving the recommendation of the selection panel, Tata had two observations while nodding Mistry as his successor. He wanted Mistry, who was then the MD of Shapoorji Pallonji Group with interests similar to the Tatas such as construction, real estate, textiles, engineering goods, and power among others to 'severe all relations' with the company by creating a separation that would be 'legal and tenable'.

DLF is expecting Rs 26,000 crore in revenue from its new super-luxury project in Gurugram at the current selling price, and the sales numbers may rise further due to high demand, its MD Ashok Tyagi said on Saturday. DLF has done a pre-launch of its 17-acre super-luxury housing project The Dahlias at DLF 5, Gurugram, and has received a good response from the customers. It received RERA approval at the beginning of this month to launch this project. The company will develop around 420 ultra-luxury apartments in this project. The minimum size of an apartment is 10,300 square feet. In a conference call with market analysts, DLF MD Tyagi informed that the company expects a revenue of Rs 26,000 crore from this super luxury project.

Subscribe to enjoy similar stories. The 1995 BBC Pride And Prejudice miniseries is an iconic piece of pop-culture that has passed into canon for Jane Austen fans.