Experts Financial News

Tube Investments of India Ltd. traded at Rs 4484.95 on BSE at 11:31AM (IST) on Monday, down 0.03 per cent from previous close. The stock quoted a 52-week low price of Rs 2881.3 and a high of Rs 4666.0.

Elon Musk is pledging to give away $1 million a day to voters for signing his political action committee’s petition backing the Constitution

KKV Agro Powers Ltd.(up 8.68%), Ravindra Energy Ltd.(up 5.00%), Tata Power Company Ltd.(up 1.86%), JSW Energy Ltd.(up 0.84%), Voltamp Transformers Ltd.(up 0.47%), Jyoti Structures Ltd.(up 0.36%), RattanIndia Power Ltd.(up 0.14%), Adani Green Energy Ltd.(up 0.11%), Inox Wind Energy Ltd.(up 0.01%) and KEC International Ltd.(up 0.01%) were among the top gainers.

Tech Mahindra today surged 4% in an intraday session to their new 52-week high of Rs 1,761.30 after the company on Saturday reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

Domestic benchmark index NSE Nifty fell 63.3 points to 24790.75, while the BSE Sensex traded 70.24 points down at 81154.51.

IndiaMart InterMesh-operated IndiaMart today fell by 18% to Rs 2,466.80 on the BSE even as the company reported nearly a 95% YoY jump in its Q2 PAT at Rs 135.1 crore. Additionally, the company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the second quarter ended September 2024, which stood at Rs 295 crore in the same quarter of the previous fiscal year.

Enforcement Directorate (ED) has shown the rising reach and power of the Popular Front of India (PFI), the organisation at the centre of several ongoing probe being done by various agencies, ToI reported on October 21. The Enforcement Directorate (ED) arrested KA Rauf Sherif, general secretary of the Campus Front of India (CFI), in December 2020, marking the beginning of a multi-agency investigation into the Popular Front of India (PFI). A dossier prepared by ED after a four-year probe detailed that PFI has numerous members and offices in states including Kerala, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Maharashtra, Bihar, West Bengal, Assam, Jammu and Kashmir, and Manipur. PFI, banned under the Unlawful Activities (Prevention) Act in 2022 after an attempted attack on Prime Minister Narendra Modi in July of that year, reportedly has 13,000 members in Singapore and five Gulf countries. According to the dossier, funds are collected in cash from «unknown donors» and sent to India through hawala channels. These funds are then deposited in 29 bank accounts of trusts and affiliated entities.

hand transplant post her amputation. Anamta Ahmad, the youngest person in the world to undergo a shoulder-level limb transplant, faced a daunting recovery journey as she got electrocuted by 11000-volt electric wires. The complex nature of the surgery and extended recovery period required a specialised approach to ensure proper healing and minimised discomfort. Imaginarium's custom 3D printed orthotic device, tailored to Anamta's needs, has been crucial in overcoming these challenges. «We are proud to have played a role in Anamta's recovery by pushing the boundaries of personalised healthcare,” said Aashay Mehta, Managing Director and Co-Chairman at Imaginarium, said in a statement. “There’s nothing that requires more customization than the human body, no two people are the same, and even our left and right sides aren’t identical. That’s why our work is so vital. Whether it's for this surgery or developing patient-specific implants, we’ve been at the forefront of 3D-printed healthcare solutions for two decades. Our goal is to keep innovating and finding new ways to meet the unique medical needs of each individual.»

Cameron Brandt, Director of Research, EPFR Global, says China's equity market, in some senses, has been the only game in town for domestic investors. There has been eye-catching inflows since the second quarter of this year, which peaked at a record weekly total of $40 billion two weeks back. But last week, they had significant outflows, the biggest single weekly outflow of $4 billion since 2015. So, even in China, this spirit of “what have you done for me lately” seems to be the determinant for flows. I just want to touch upon what is going on in the US because it has been a fairly robust few days of trade. Do you think that investors are still mindful about stretch valuations, the US presidential elections, and the fact that there are geopolitical risks? Cameron Brandt: I do not think they have forgotten, but there is so much good stuff in the proverbial punch bowl at the moment that it is hard to resist. There are some fairly rosy assumptions about the trajectory of interest rates over here. Oil prices have come down, which makes driving cheaper for people here, always good for the mood. And neither of the presidential candidates are saying anything about fiscal discipline. So, there is an assumption that this sort of expansionary fiscal policy will continue into next year.

Lupin Ltd. gained 0.69 per cent to Rs 2191.4 in Monday's trade as of 10:35AM (IST). It hit a high of Rs 2203.6 and low of Rs 2173.2 during the session. The stock quoted a 52-week high price of Rs 2312.0 and a low of Rs 1113.0. The return on equity for the stock stood at 13.5 per cent. About 2,097 shares have changed hands on the counter so far.

Kotak Mahindra Bank shares fell over 4% to Rs 1,793.85 on NSE after the private sector lender after its net interest margin (NIM) moderated 11 bps sequentially to 4.91% and card delinquencies drove an increase in slippage run-rate. «Factoring in slower growth and rising NPAs, we cut our earnings by 1-5% over FY25-27E, while we retain our REDUCE rating with TP of Rs1,700 rolling forward on 1.7x Sep-26E Standalone ABV and subs/inv value at Rs550/share,» Emkay Global analyst Anand Dama said.

Ekta Kapoor and her mother Shobha Kapoor have landed in legal trouble. A case has been filed against them under the POCSO Act for allegedly showing inappropriate scenes involving minor girls in an episode of the ALT Balaji's web series 'Gandi Baat'. The case is related to season 6 of the web series 'Gandi Baat' on the OTT platform 'Alt Balaji'. According to Mumbai Police, a case has been registered against Balaji Telefilm Limited, Ekta Kapoor and her mother Shobha Kapoor at MHB police station in Mumbai under section 295-A of IPC, IT Act and sections 13 and 15 of POCSO Act.

sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies — setting back development, stunting climate change mitigation and fuelling distrust in governments and Western institutions. The issue, and what to do about it when western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings taking place in Washington, D.C. this week.

HDFC Bank on Monday jumped 3% to Rs 1,734 on BSE after India's largest private sector lender reported steady performance in Q2 with PAT growth of 5.3% year-on-year (YoY) beating Street estimates. HDFC Bank's board approval to launch the IPO of its NBFC subsidiary – HDB Financial Services — to the tune of Rs 12,500 crore (including OFS of Rs 10,000 crore) to meet regulatory guidelines will also unlock value for shareholders.

Rahul Malani, Banking Analyst, Sharekhan, says if one has an investment horizon of around three years, then this is a good entry point for HDFC Bank from a medium-term perspective. In the near term, it will continue to be guided by the news flows and the quarterly numbers. Malani does not see more than 10-15% upside in the next one to two years. But over three to four years, there is a scene for good re-rating. As for Kotak Mahindra Bank, the Street seeks a timeline for the lifting of the RBI embargo on issuing credit cards and onboarding more online customers via and also the overall submissions to the RBI were unclear. So, until and unless that clarity comes to the Street, Kotak Bank will continue to remain range-bound and trade with a negative bias. Let us start off with Kotak because that is an out-and-out disappointment. Do you think that is much in the price, given that the stock has languished for quite some time now? Rahul Malani: As you rightly alluded, the valuation mostly reflects all the intermittent headwinds. So, we do not feel that there will be a much negative reaction on the stock because the results were weak but that was on expected lines. However, the Street was looking at the timelines for the lifting of the RBI embargo, plus the overall submissions to the RBI that were unclear. So, until and unless that clarity comes to the Street, Kotak Bank will continue to remain range-bound and will trade with the negative bias.

mutual funds have turned Rs 10,000 monthly SIP to more than Rs 2 crore in the last 25 years. Only these three value and contra funds have completed 25 years in the market. SBI Contra Fund, the oldest and the largest contra fund, turned Rs 10,000 monthly SIP to Rs 7.15 crore in the last 25 years. The scheme gave an XIRR of 20.83% in the same period.

hybrid funds. Because of the uncertainties regarding the global economy and ever rising Indian stock market, advisors have been advising investors to move cautiously. In such a scenario they believe that investing in hybrid mutual funds — schemes that invest in equity and debt — may serve investors, especially new and inexperienced investors, better. Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks. These schemes are ideal for investors looking to invest a small part of their corpus in equity to earn some extra returns. Also Read |Jio Financial, Tata Power among top 10 largecaps bought by mutual funds in September

Lidia Thorpe shouted anti-colonial slogans at King Charles during his visit to the Australian parliament on Monday, shocking assembled lawmakers and other dignitaries. «Give us our land back! Give us what you stole from us!» Thorpe screamed in an almost minute-long diatribe, after the 75-year-old king's speech. «This is not your land, you are not my king,» the independent lawmaker said, decrying what she described as a «genocide» of Indigenous Australians by European settlers.

Dalmia Bharat will be in focus on Monday after the firm’s profit slumped by 60% in the September quarter as weak prices of cement weighed on earnings, even as the cement maker sold more cement during the quarter as compared to the previous year. The New Delhi-based company clocked in a net profit of Rs 49 crore for the quarter, down over 60% on year, while income from operations was more than 2% lower at Rs 3,087 crore.

Since the majority of Nifty Bank constituents are yet to announce their figures, traders appeared more inclined to take a risk-on approach, especially since we are coming off a low base, says Anand James, Chief Market Strategist, Geojit Financial Services. «Though the 20-day SMA at 52375 could pose some challenge to Nifty Bank’s ascent, we are counting on the oscillator divergences as well as Friday’s bullish engulfing pattern to provide enough momentum to see 53000,» he says.

HDFC Bank, Reliance Industries, and IT stocks. The BSE Sensex was trading 475 points, or 0.59%, higher at 81,700. The Nifty50 was up 102 points, or 0.41%, trading at 24,955 around 9:18 am.