Commentary Financial News

Shree Cement Ltd on Monday reported an 83% fall in its consolidated net profit for the quarter ended September 2024 to Rs 76 crore. The same stood at Rs 447 crore in the year-ago quarter.

These high-performing stocks that rallied more than 10% during the session included, Disha Resources (13.29%), Lippi Systems(13.04%), Vardhman Hold(12.57%), Samrat Forgings(12.27%), Inter State Oil(12.07%), Tainwala Chem(10.46%), Maximus Intl.(10.12%), BKV Industries(10.00%), Tera Software(10.00%) and JSW Holdings(10.00%).

«So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs,» says Aditya Arora, Adlytick. It looks like this week, unlike the previous weeks, we started on a good foot. But where do you see the markets trading at this point in time, the range that you are seeing for the benchmarks? Aditya Arora: We can see that on the screen and what I like today is the leadership in a lot of largecaps and the leadership by banking name, which is pulling Bank Nifty almost 1000 points higher, Nifty almost 200 points higher. So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.

Cholamandalam Investment & Finance Company Ltd. rose 0.52 per cent to Rs 1266.75 in Monday's trade. It hit an intraday high of Rs 1269.80 and low of Rs 1245.05, respectively, during the day. The stock quoted a 52-week high price of Rs 1650.00 and low of Rs 1011.50.

market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities. Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.

The company reported PAT of Rs 348 crore in the corresponding quarter of the previous year.

National Stock Exchange (NSE) on Friday said it wants to launch its IPO, which could beat Hyundai's record of largest public issue, not for price discovery of its shares but for the sake of transparency and accountability. “The IPO will increase transparency and accountability. We are valued at around Rs 4.75 lakh crore in the unlisted market and as India's largest exchange we should be accountable to the market," Sriram Krishnan, Chief Business Development Officer, NSE, told reporters in New Delhi on Friday.

Satin's consolidated net profit was at Rs 42 crore in the September quarter as compared with Rs 103 crore in the year-ago period.

DLF Ltd. 1.71 per cent to Rs 789.35 in Friday's trade as of 11:38AM (IST). The stock hit a high price of Rs 817.30 and low of Rs 788.65 during the session. The return on equity (ROE) for the stock stood at 6.91 per cent. Traded volume on the counter stood at 11:38AM shares and turnover at Rs 2.17 crore around that time. The stock of DLF Ltd. quoted a 52-week high price of Rs 967.00 and 52-week low prices of Rs 591.25, respectively.

Tata Elxsi Ltd. rose 0.66 per cent to Rs 7209.05 in Friday's trade. It hit an intraday high of Rs 7235.00 and low of Rs 7100.00, respectively, during the day. The stock quoted a 52-week high price of Rs 9191.10 and low of Rs 6406.60.

SBI, Tata Motors, Ola Electric, Vedanta, Indian Hotels among others will be in focus due to various news developments and second quarter results. SBI, LIC, Tata Motors, Vedanta, MRF, Vedanta, Ola Electric, Ashok Leyland Shares of SBI, LIC, Tata Motors, Vedanta, MRF, Vedanta, Ola Electric and Ashok Leyland will be in focus as the companies will announce their second quarter results today.

Revenue from operations in the July-September 2024 period increased 4% YoY to Rs 3052 crore, compared with Rs 2,931 crore in the corresponding period of previous year.

Indian Hotels Company Ltd. traded 0.18 per cent in Thursday's trade at 11:47AM (IST). Around 94,968 shares changed hands on the counter. The counter opened at Rs 693.95 and touched an intraday high and low of Rs 693.95 and Rs 679.45, respectively, in the session so far. Shares of the company of Indian Hotels Company Ltd. quoted a 52-week high of Rs 720.60 and a 52-week low of Rs 394.95.

HDFC Asset Management Company Ltd. traded 0.27 per cent at Rs 4488.30 at 11:25AM (IST) on Thursday, even as BSE benchmark Sensex 897.77 points to 79480.36. The scrip had closed at Rs 4500.55 in the previous session. The stock quoted a 52-week high price of Rs 4862.00 and 52-week low of Rs 2725.00, respectively. As per BSE data, total traded volume on the counter till 11:25AM (IST) stood at 4352 shares with a turnover of Rs 1.95 crore.

<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. 0.7 per cent to Rs 5849.10 at 11:35AM (IST) in Wednesday's trade. The stock has hit a high of Rs 5893.65 and low of Rs 5795.35 so far during the session. The stock had closed at Rs 5808.20 in the previous session. The counter has had a total traded volume of 11772 shares so far with a value of Rs 6.89 crore on the NSE. It traded at a price-to-earnings multiple of 92.79 and a price-to-book ratio of 6.71.

Info Edge (India) Ltd. traded at Rs 7637.00 on BSE at 12:53PM (IST) on Tuesday, 1.11 per cent from previous close. The stock quoted a 52-week low price of Rs 4250.05 and a high of Rs 8463.00.

Cholamandalam Investment & Finance Company Ltd. 1.26 per cent to Rs 1235.25 in Tuesday's trade as of 12:58PM (IST). The stock hit a high price of Rs 1253.55 and low of Rs 1222.00 during the session.

The stock has since been in a downtrend and is currently forming a wedge-like chart pattern.

Subscribe to enjoy similar stories. With a 8% fall in stock prices from their peak on 26 September, those who make money from the business of selling stocks seem to be getting jittery. Foreign institutional investors pulled out ₹94,017 crore or $11.2 billion in October.

portfolio is to generate returns. Returns, in turn, are influenced by the allocation of investments between cash, fixed income, Hybrid, equity, and alternates. Each of these investments carry a different level of investment risk that increases as one moves from cash to alternatives.

GAIL (India) Ltd. traded at Rs 197.05 on BSE at 01:18PM (IST) on Monday, 1.57 per cent from previous close. The scrip quoted a 52-week low price of Rs 118.75 and a high of Rs 246.35.