Experts Financial News

Adani Energy Solutions Ltd (AESL). The tenders were floated as four packages in August 2023 for providing the smart meters under the central government's revamped distribution sector scheme.

Cholamandalam Investment & Finance Company Ltd. 0.27 per cent to Rs 1183.30 in Wednesday's trade as of 12:27PM (IST). The stock hit a high price of Rs 1199.95 and low of Rs 1175.65 during the session. The return on equity (ROE) for the stock stood at 17.45 per cent. Traded volume on the counter stood at 12:27PM shares and turnover at Rs 0.95 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 1650.00 and 52-week low prices of Rs 1011.50, respectively.

UltraTech, has announced the appointment of new leadership for the company, following the exit of its former promoters including N Srinivasan as Managing Director & CEO from the South-based cement maker. The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO, the company said in a regulatory filing.

ICICI Lombard General Insurance Company Ltd. 0.48 per cent to Rs 1795.90 at 12:12PM (IST) in Wednesday's trade. The stock has hit a high of Rs 1796.50 and low of Rs 1766.45 so far during the session. The stock had closed at Rs 1787.15 in the previous session. The counter has had a total traded volume of 1264 shares so far with a value of Rs 0.23 crore on the NSE. It traded at a price-to-earnings multiple of 39.92 and a price-to-book ratio of 6.80.

equity mutual funds have offered over 20% return in 2024. Around 71 new funds were launched in the said period.

<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. 0.58 per cent to Rs 6063.90 at 12:17PM (IST) in Wednesday's trade. The counter hit a high of Rs 6134.95 and low of Rs 6062.40 so far during the session. The stock had closed at Rs 6099.75 in the previous session. The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 1.23 crore on BSE. The stock traded at a price-to-earnings multiple of 87.84 and a price-to-book ratio of 6.71.

Tata Elxsi Ltd. 0.78 per cent to Rs 6740.45 at 11:21AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 6899.95 and low of Rs 6716.65 so far during the session. The stock had closed at Rs 6794.00 in the previous session. The counter has had a total traded volume of 1376 shares so far with a value of Rs 0.94 crore on the NSE. It traded at a price-to-earnings multiple of 51.29 and a price-to-book ratio of 19.34.

Stocks that rallied over 10% included, 3i Infotech(14.82%), Hindprakash Ind(14.60%), Confidence Futuristic Energetech(13.75%), Megastar Foods(13.00%), Vishal Fabrics(12.30%), Duncan Engineering (12.19%), Strides Shasun (11.13%), Aravali Sec Fin(10.00%) and MIRC Electronic(10.00%).

Adani Power Ltd. traded 0.21 per cent up at Rs 528.00 at around 11:11AM (IST) on Wednesday. The stock had closed at Rs 529.15 in the previous session. Equity benchmark Sensex traded 419.54 points at 78558.55 around the same time.

Amnish Aggarwal, Head — Research, Prabhudas Lilladher, says ITC will retain a 40% stake in ITC Hotels, potentially reducing its sum of the parts (SOTP) valuation by Rs 15-17 post the latter’s listing. This makes the ITC Hotels listing a positive for shareholders. Three key events for ITC are: the demerger of ITC Hotels, a possible interim dividend in mid-February, and the upcoming Budget, which may affect duties. If excise duties remain unchanged in February, the stock could see double-digit returns, with a potential gain of around Rs 20 per share from the ITC Hotels listing. How is the year ahead going to pan out? Is it going to be as happy as the first half of 2024 or not quite? Amnish Aggarwal: In the next couple of months, I expect the markets to remain slightly volatile because the first factor to watch out for is Donald Trump summing reins as the US president. The second key factor to watch out for will be the Budget on 1st of February and then obviously the earning season is ahead of us. So, the next couple of months could be volatile but as we progress through the year, I expect the markets to not only stabilise but give double-digit returns in the coming year.

Zuari Agro Chemicals Ltd.(up 4.26%), Mangalore Chemicals & Fertilizers Ltd.(up 2.51%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.13%), Agro Phos India Ltd.(up 1.92%), Paradeep Phosphates Ltd.(up 1.86%), Chambal Fertilisers & Chemicals Ltd.(up 1.53%), Southern Petrochemicals Industries Corporation Ltd.(up 1.44%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.37%), Madras Fertilizers Ltd.(up 1.26%) and Coromandel International Ltd.(up 1.01%) were among the top gainers.

On the BSE, Sundaram Clayton(down 9.64 per cent), IB Infotech Enterprises(down 9.13 per cent), Sharad Fibres(down 8.79 per cent), Scanpoint Geo(down 8.75 per cent) and Transgene Biotek(down 8.49 per cent) were among the stocks that plunged over 5 per cent during the session.

www.ibps.in. Candidates who appeared for the mains exam for Office Assistant (Clerk) and interview rounds for Officer Scale 1, 2, and 3 can now check their selection status.

Pinarayi Vijayan has slammed the «organised effort» to portray social reformer and spiritual leader Sree Narayana Guru «as the advocate and proponent of Sanatana Dharma.»

Justin Baldoni sued The New York Times for libel on Tuesday over its story on allegations that he sexually harassed and sought to smear the reputation of the film's star, Blake Lively.

Sambhal continues, District Magistrate (DM) Rajender Pensiya informed that the administration has received some documents raising objections to the ongoing construction.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

The issue is completely a fresh issue of 48.30 lakh equity shares.

ITC shares will remain in focus on Wednesday as the much-awaited demerger of ITC Hotels comes into effect from today, January 1, but the record date for ITC shareholders would be January 6. Under the demerger scheme, ITC shareholders whose names will appear in the list of shareholders on January 6 will get one share of ITC Hotels for every 10 units of the parent company.

systematic investment plans (SIPs) at the start of the new year. This could be due to a salary hike, a rise in business income, or allocating more due to higher comfort with mutual funds.

startup funding and public listings, with more than double the number of new-age tech IPOs expected compared with 2024. Quick commerce will continue to take centrestage, with increasing investments and deals in the sector as investors focus on the growth potential of various rapid delivery models. Pre-IPO funding rounds and secondary transactions will remain key avenues for liquidity, as startups prepare for listings and attract fresh capital. Industry executives said that smaller IPOs will also gain prominence, offering diversified opportunities for new investors.