Experts Financial News

MphasiS Ltd. traded 0.34 per cent up at Rs 2769.20 at around 01:38PM (IST) on Tuesday. The stock had closed at Rs 2778.85 in the previous session. Equity benchmark Sensex traded 179.92 points at 76509.93 around the same time.

Barflex Polyfilms was fully subscribed on Tuesday, the third day of bidding with an overall subscription of 6.11 times as of 11:40 AM. The company aims to raise Rs 39 crore through the SME IPO, with the shares set to list on the NSE SME platform. The retail portion of the issue was subscribed by 9.58 times, while the issue was subscribed 6.16 times in the non-institutional investors category on the third day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

Shiv Sena (Uddhav Balasaheb Thackeray) leader Sanjay Raut on Tuesday hit out at Rashtriya Swayamsevak Sangh (RSS) supremo Mohan Bhagwat over his remarks, saying it was «wrong» to say that India gained Independence on the day Ram temple was consecrated.

H-1B visa program has become a critical pillar for sustaining economic growth and innovation. With a predicted shortfall of 1.2 million tech workers by 2026 and nearly 1.9 million manufacturing jobs expected to remain unfilled by 2033, experts warn that reducing or eliminating H-1B visas could exacerbate these challenges.

Radhika Gupta, CEO of Edelweiss Mutual Fund, says it is important to manage emotional responses as there is a natural temptation to panic and take action that may not be good for your portfolio.

Siemens Ltd. 0.46 per cent to Rs 5777.10 in Tuesday's trade as of 01:18PM (IST) even as the benchmark Nifty ruled at 23165.85, 79.9 points. The scrip had closed at Rs 5804.05 in the previous session. The stock quoted a 52-week low of Rs 3966.05 and a high of Rs 8129.95. The company quoted a market-cap of Rs 206156.38 crore on the BSE.

Marico Ltd. traded 0.9 per cent in Tuesday's session at 01:13PM (IST). The stock opened at Rs 670.00 and has touched an intraday high and low of Rs 670.00 and Rs 654.55, respectively, during the session so far. The stock quoted a 52-week high of Rs 719.80 and a 52-week low of 486.75. About 8,895 shares changed hands on the counter so far.

ICICI Lombard General Insurance Company Ltd. 0.52 per cent to Rs 1827.25 at 01:23PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 2,543 shares with a turnover of Rs 0.48 crore till 01:23PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 40.64, while the price-to-book value ratio stood at 6.80.

«The worry is that if DXY goes back to 121 and that is the one big risk I want to highlight, it is a high probability that it can play out. And if it plays out, that can be a longer-term top also,» says Sandeep Tandon, CIO, Quant Mutual Fund. It is not turning out to be a great year so far. Will it be a great year by the time it ends? Sandeep Tandon: So, if you ask me purely from a numbers perspective can CY25 be higher than CY24, December 2024, maybe the answer could be yes globally. But what is very important for us to understand, this year is not about market or market return.

SN Subrahmanyan's recent comments about long workweeks. L&T's HR head Sonica Muraleedharan has defended Chairman SN Subrahmanyan, portraying him as a visionary leader who treats employees as part of an extended family and fosters a strong sense of unity and belonging within the organisation. Muraleedharan's comments come after Subrahmanyan's remarks about 90-hour workweeks sparked controversy and were misinterpreted, leading to widespread debate.

N Jayakumar, MD, Prime Securities, says despite ongoing market challenges, financials are the best investment option for the next rally. Additionally, the dollar-rupee exchange rate will benefit the pharmaceutical sector, particularly generics and exports. The IT sector may also see gains, with some benefits reaching consumers. Moreover, India's manufacturing and Production-Linked Incentive (PLI) initiatives will attract investment alongside financials. For a market where bulls were looking immortal, they are running for cover now. At the beginning of the year, the general narrative was that we are in for a good year. Now everyone is guessing what is coming next. What is your view on what lies ahead for us? N Jayakumar: The way I see this is that complacency had set in in a pretty major way and we saw that the last six months gave virtually no returns. Indices did not fall by more than 8-10% and yet portfolios were down 15% and 20%. Individual stocks were down up to 30-35%. Complacency had settled, people said it is a buy on dips. Now that particular thesis, in a sense, got challenged with this most recent correction. In the last few days, especially the last three-four days, I have seen all around capitulation coming through.

Pidilite Industries Ltd. traded 0.19 per cent in Tuesday's session at 12:52PM (IST). The stock opened at Rs 2796.75 and has touched an intraday high and low of Rs 2820.00 and Rs 2785.20, respectively, during the session so far. The stock quoted a 52-week high of Rs 3414.40 and a 52-week low of 2490.00. About 5,179 shares changed hands on the counter so far.

Jaguar Land Rover and Tata Communications have strengthened their collaboration for connected car technologies, the companies said in a joint statement on Tuesday. As part of the enhanced collaboration, Tata Communications will offer its MOVE platform to enhance JLR's connected vehicle ecosystem, transforming the driving experience for customers worldwide.

BrightNight on Tuesday said it has commissioned the first phase of its 115 MW hybrid renewable power project in Maharashtra. BrightNight has achieved its first energy delivery into the Indian power grid, furthering its mission to decarbonise energy globally, a company statement said.

Lupin Ltd. traded 0.0 per cent in Tuesday's trade at 01:03PM (IST). Around 2,991 shares changed hands on the counter. The counter opened at Rs 2111.40 and touched an intraday high and low of Rs 2179.70 and Rs 2111.40, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 2403.45 and a 52-week low of Rs 1367.45.

Indian Hotels Company Ltd. traded 1.49 per cent in Tuesday's session at 01:08PM (IST). The stock opened at Rs 760.00 and has touched an intraday high and low of Rs 770.70 and Rs 751.35, respectively, during the session so far. The stock quoted a 52-week high of Rs 894.15 and a 52-week low of 450.55. About 54,939 shares changed hands on the counter so far.

insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period. There are no other estimates on the company's third quarter profit and net premium income. However, the value of new business (VNB) growth is likely to be anywhere between 19-21% YoY during the quarter. Most estimates predict a decline in VNB margins on a YoY basis.

Shapoorji Pallonji Group firm Afcons Infrastructure’s shares surged 3.5% in early trade to a high of Rs 496.70 on the BSE on Tuesday, January 14, as the company emerged as the lowest bidder (L1) for the Rs 4,787.20 crore tender floated by the Maharashtra State Road Development Corporation (MSRDC). The civil construction company has been selected for two projects to construct the access-controlled Pune Ring Road (East) Packages PRR E5 and E7. Both projects are to be completed within 36 months.

Elon Musk said a third person has received an implant from his brain-computer interface company Neuralink, one of many groups working to connect the nervous system to machines.