Commentary Financial News

HCL Tech, from making an open offer for her proposed indirect acquisition of shares and voting rights in the company. This approval paves way for Roshni to take a larger ownership role in key entities that control HCL Technologies, a move aimed at ensuring smoother succession planning within the Nadar family.

Zomato CEO Deepinder Goyal sparked an online uproar with a job posting for a Chief of Staff role, requiring candidates to donate Rs 20 lakh to Feeding India and work for a year without salary. The announcement drew widespread backlash, with many criticizing the unconventional requirements. Among the reactions, Shaadi.com founder Anupam Mittal chimed in humorously, sharing a playful LinkedIn post inviting candidates unable to afford the Rs 20 lakh to apply for his own “Chief of What?” role. He teased that the job would involve figuring out the responsibilities as the first assignment.

Kitex Garments on Friday announced that it will issue bonus shares to its shareholders in the ratio of 2:1 in its board meeting held today. “It is to inform that the Board of Directors of the Company at its meeting held today, i.e., November 22, 2024, inter-alia, transacted the following items of business amongst other items: Issue of Bonus equity shares in the ratio of 2:1 i.e. 2 (Two) new fully paid equity shares of Rs 1/- each for every 1 (One) existing equity share of ͅRs 1/- each held as on Record date by the shareholder, subject to the approval of shareholders of the Company through Postal Ballot,” said the company in a filing to the exchanges.

Bank of Baroda and Axis Bank are considering raising funds totalling ₹6,500 crore through bonds to boost their capital base, said market sources. State-run Bank of Baroda will likely offer tier-2 bonds worth ₹3,500 crore for 15 years, while private lender Axis Bank is looking at raising ₹3,000 crore through tier-1 bonds.

David Fincher’s acclaimed crime thriller Se7en will be re-released in 4K Ultra HD and screened in IMAX as part of its 30th-anniversary celebration. The film will be available in both digital and physical formats with previously issued special features.

Ricky Ponting is disappointed over the clash between the IPL 2025 mega auction and the first Test of the Border-Gavaskar Trophy. He labelled the scheduling as «the worst possible case scenario». The clash has forced Ponting, former Australian coach Justin Langer and other key personalities like Australia bowling coach Daniel Vettori to prioritise their IPL commitments over the crucial series-opener. The IPL auction is scheduled for November 24 and 25 in Jeddah, Saudi Arabia. It will have Ponting (head coach of Punjab Kings), Langer (coach of Lucknow Super Giants), and Vettori (coach of Sunrisers Hyderabad) absent from significant portions of the Perth Test. Ponting and Langer will do the commentary for Channel 7 on the first day of the first Test before flying to Jeddah.

Dynamic Midcap Strategy, we follow the GSM investment philosophy. ‘G’ stands for growth, ‘S’ stands for strategic value and ‘M’ stands for margin expansion,” says Mohit Khanna, Fund Manager at Purnartha. In an interview with ETMarkets, Khanna said: “In the Multi-asset, Purnartha One Strategy, we optimize risk by actively managing the asset allocation using a VMS framework – ‘V’ stands for valuations, ‘M’ stands for macro outlook and ‘S’ stands for sentiments.” Edited excerpts:

Colgate-Palmolive (India) Ltd. 0.44 per cent to Rs 2762.50 in Tuesday's trade as of 01:02PM (IST) even as the benchmark Nifty ruled at 23754.85, 301.05 points. The scrip had closed at Rs 2750.35 in the previous session. The stock quoted a 52-week low of Rs 2151.55 and a high of Rs 3893.00. The company quoted a market-cap of Rs 74986.44 crore on the BSE.

Voltas Ltd. traded 1.14 per cent in Tuesday's trade at 12:58PM (IST). Around 45,821 shares changed hands on the counter. The counter opened at Rs 1700.05 and touched an intraday high and low of Rs 1731.40 and Rs 1695.90, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1946.20 and a 52-week low of Rs 811.50.

MphasiS Ltd. 2.62 per cent to Rs 2831.25 at 10:41AM (IST) in Tuesday's trade. The stock has hit a high of Rs 2844.00 and low of Rs 2755.00 so far during the session. The stock had closed at Rs 2758.80 in the previous session. The counter has had a total traded volume of 3112 shares so far with a value of Rs 0.88 crore on the NSE. It traded at a price-to-earnings multiple of 33.58 and a price-to-book ratio of 5.13.

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said.

Granules India Ltd.(up 3.96 per cent), Natco Pharma Ltd.(up 2.04 per cent), Dr. Reddy's Laboratories Ltd.(up 1.93 per cent), Divi's Laboratories Ltd.(up 1.63 per cent) and Biocon Ltd.(up 1.59 per cent) were among the top gainers.

Around 29 stocks in the smallcap space gained 25% or more at a time when the BSE smallcap index has fallen nearly 14% from its peak. JSW Holdings saw a multibagger surge of 118%, followed by Nalwa Sons Investments, whose shares rallied 70% during this period.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Siddha Ventures Ltd.(20.00%), Shri Gang Industries(19.99%), Jindal Poly Investm(19.99%), James Warren Tea(19.99%), Multibase India(19.99%), Tokyo Finance(19.98%), Laffans Petro(19.98%), Sumedha Fiscal(19.88%), Purple Entertainment(19.20%) and Garware Tech(18.71%).

REC Ltd. rose 0.59 per cent to Rs 505.55 in Monday's trade. It hit an intraday high of Rs 510.10 and low of Rs 495.45, respectively, during the day. The stock quoted a 52-week high price of Rs 653.90 and low of Rs 327.30.

SRF Ltd. traded 0.48 per cent at Rs 2225.30 at 12:32PM (IST) on Monday, even as BSE benchmark Sensex 44.39 points to 77624.7. The stock had settled at Rs 2236.15 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 2697.45 and Rs 2088.55, respectively.

Lupin Ltd. traded 0.73 per cent in Monday's trade at 11:29AM (IST). Around 7,998 shares changed hands on the counter. The stock opened at Rs 2000.75 and touched an intraday high and low of Rs 2029.85 and Rs 1998.25, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 2312.00 and a 52-week low of Rs 1168.50.

On the BSE, AIK Pipes & Polymers(down 20.00 per cent), Honasa Consumer(down 20.00 per cent), Ascensive Educare(down 20.00 per cent), Unitech Intnl(down 19.77 per cent) and Looks Health Services(down 19.66 per cent) were among the stocks that plunged over 5 per cent during the session.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, thinks the US tariff announcements, which should start coming because very clearly there is going to be a differentiated tariff between China and India. And China will be having a much higher tariff vis-a-vis India that is the expectation. And as and when that is clearly articulated, Indian companies and Indian businesses will get enthused on the back of exciting prospects of doing business in the US.

MRF, Cochin Shipyard, ONGC and Ashok Leyland among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividends and stock splits. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.