Experts Financial News

Mathura Road, formеrly considеrеd a pеriphеral routе, is now poisеd to bеcomе a sought-aftеr rеsidеntial and commеrcial dеstination, drawing both invеstors and homеownеrs.According to industry experts, rеcеnt еxpansions and еnhancеmеnts to this historic road havе triggеrеd a rеal еstatе rеvolution, transforming it into a hub of growth and opportunity.

HAL share price: After ushering in 2023, shares of Hindustan Aeronautics Ltd (HAL) have remained in uptrend throughout this year. In YTD time, HAL share price has delivered over 70 per cent return to its shareholders. However, it seems that the defence PSU stock still has some steam left.

Also Read: Renewable energy has hidden costs China’s net imports of polypropylene (PP) have fallen from 26.7% in 2013 to a mere 10.7% in 2023. HDPE imports have halved from 52% to 25.4% during the same period. LDPE and LLDPE imports have declined from 56.7% and 44.6% in 2019 to 48.3% and 35.4%in 2023, respectively.

Life Insurance Corporation of India (LIC) has trimmed its stake in Engineers India, a leading global engineering consultancy and EPC company, by about 2% through open market. The insurance behemoth disclosed in a regulatory filing on November 23 that it sold 1.14 crore shares of Engineers India during the period from February 02, 2021, to November 22, 2023, at an average price of ₹118.08 apiece. As a result of this transaction, LIC's overall stake in Engineers India has come down to 3.122% from the previous 5.155%.

By Lewis Jackson

Rescue teams intend to offer board games and playing cards to the 41 workers stuck inside the Silkyara tunnel for 12 days, as the ongoing evacuation efforts face numerous setbacks and delays. As reported by PTI, Dr Rohit Gondwal, one of the psychiatrists at the rescue site, said, “We are planning to provide ludo and chess boards and playing cards to help them (trapped labourers) relieve stress.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Meanwhile, crude oil prices extended decline, lending support to the local currency. Brent eased 0.02% to $81.40 a barrel, while US West Texas Intermediate crude fell 0.75% to $76.52 a barrel.

Coal India, Honasa Consumer ltd, Eicher Motors Ltd, NTPC Ltd, HDFC Bank Ltd and ICICI Prudential Life Insurance Company Ltd to its India model portfolio deploying cash and at the cost of Power Grid Corporation of India Ltd, Marico Industries, Maruti Suzuki India Ltd and NBFCs (Non Banking Financial Companies). In an Equity strategy note Equity analysts-Mahesh Nandukar, Abhinav Sinha, and Equity associate-Nishant Poddar a Jefferies India Pvt Ltd said that they had raised cash tactically in their model portfolio in early September, which they said are now deploying as the key macro concerns around higher US yields, rising oil prices and near-term state election results have subsided.

Bonus shares 2023: Small-cap company Axita Cotton Ltd has declared bonus shares for its eligible shareholders. The board of directors of the company considered and approved proposal for bonus shares in its meeting held on Thursday. The company board approved bonus shares in 1:3 ratio, which means one bonus share will be rewarded to its eligible shareholders for every three stocks held on bonus share record date, which will be announced later.

TCS buyback 2023: Tata Consultancy Services or TCS share price is expected to remain under the lens of stock market investors and observers as it is trading ex-bonus today. As per the exchange filing of the Indian IT giant, TCS buyback date has been fixed on 25th November 2023 and this TCS buyback record date has been fixed in ex-trade basis.

IERDA IPO: The three days subscription for the initial public offering (IPO) of Indian Renewable Energy Development Agency Ltd closed on Thursday and now applicants are eagerly waiting for IREDA allotment date, which is expected any time today. As per IREDA IPO subscription status, the public issue got subscribed 38.80 times whereas its retail portion got subscribed 7.73 times. As per the T+3 schedule, IREDA IPO allotment date is most likely today as Monday will be stock market holiday for Gurunanak Jayanti.

Tube Investments of India Ltd. rose 1.42 per cent to Rs 3469.35 in Friday's trade. It hit an intraday high of Rs 3505.0 and low of Rs 3386.65, respectively, during the day.

On the BSE, Prataap Snacks(down 6.66 per cent), Forbes Company(down 6.54 per cent), Laffans Petro(down 5.80 per cent), Mahaveer Infoway(down 5.00 per cent) and Raja Bahadur(down 5.00 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 18 stocks traded in the green, while 31 stocks traded in the red.

Paytm, fell over 5% to the day's low of Rs 877.15 on the NSE on Friday following reports of a block deal. The price correction was amid high volumes with over 1.78 crore shares changing hands at around 9:45 am. The block deal saw shares worth Rs 1,441 crore changing hands, CNBC-TV18 reported. The multibagger stock has given 104% returns over the last 12 months and significantly outperformed Nifty50 with nearly 8% returns during this period.

Maruti Suzuki on Friday said its board has approved the allotment of 1,23,22,514 equity shares of the company to Suzuki Motor Corporation on a preferential basis as consideration for the acquisition of a 100% stake of SMC in Suzuki Motor Gujarat (SMG). The decision to allot shares at a price of Rs 10,420.85 per equity share for a total consideration of Rs 12,841.1 crore was taken at a board meeting this morning. Maruti shares were trading 0.3% higher at Rs 10,525 on BSE in the opening session. Following the preferential allotment, Suzuki Motor Corporation Japan's stake in Maruti Suzuki India will increase from 56.48% to 58.19%. Back in August, Maruti Suzuki said it would acquire parent Suzuki Motor's manufacturing facility in Gujarat to ensure better management control over the unit.

Taking cues from the international prices, MCX December gold futures opened in the green and were trading at Rs 61105 per 10 gram, up by Rs 33 or 0.05% from the Thursday closing price. Meanwhile, the December Silver futures were trading at Rs 72,934 per kg, higher by Rs 36 or 0.05%. On Comex, Gold futures were trading at $1,993.60 per troy ounce on Friday, up by $0.80 or 0.04% while Silver futures were trading at $23.720, higher by 0.032 or 0.14%. The dollar index was trading at 103.83 against a basket of top six currencies, down by $0.09 or 0.09% though the bias was negative. The December Gold futures ended at Rs 61,018 on Wednesday, down 207 or 0.34% while the December Silver futures settled at Rs 72,781, lower by Rs 523 or 0.71%. Gold futures on the MCX have gained by 0.28% or Rs 170 per 10 gram on the month-to-date basis, Analyst Anuj Gupta, Head Commodity & Currency, HDFC Securities informed.

The NSE Nifty index traded 8.35 points down at 19793.65, while BSE Sensex was down 32.35 points at 65985.46 as of 10:09AM(IST)on November 24. In the Nifty index, Dr.

Phoenix Mills Ltd.(up 2.07 per cent) and Macrotech Developers Ltd.(up 0.24 per cent) were among the top gainers. Prestige Estates Projects Ltd.(down 1.49 per cent), Indiabulls Real Estate Ltd.(down 1.0 per cent), Brigade Enterprises Ltd.(down 0.91 per cent), Godrej Properties Ltd.(down 0.21 per cent) and Sobha Ltd.(down 0.21 per cent) were the top losers on the index.

HDFC Bank, Axis Bank, and ITC were offset by losses in TCS and Infosys. The BSE Sensex was trading 23 points or 0.03% higher at 66,044, while Nifty50 was trading at 19,819, up 17 points or 0.09% at around 9.19 am. Amongst sectors, Nifty Pharma, Metal and PSU Bank were major gainers, while auto and IT opened flat.

Hindustan Copper, The India Cements, Manappuram Finance, the Multi Commodity Index of India (MCX), Indiabulls Housing Finance, RBL Bank and Zee Entertainment Enterprises (ZEEL). BHEL and Indiabulls Housing Finance have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

The Nifty future closed negative with losses of 0.04% at 19875 levels on Thursday. Positive setup was seen in HPCL, Hero MotoCorp, MCX, Bajaj Auto, BPCL, TVS Motor, IOC, Balrampur Chini, Jubilant FoodWorks, Eicher Motor, BHEL, and Bharti Airtel. On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19900 strikes while the maximum Put OI is placed at 19800 and then towards 19700 strikes. Call writing is seen at 19900 and then towards 20000 strikes while Put writing is seen at 19800 and then towards 19700 strikes. “Options data suggests a broader trading range in between 19600 to 20000 zones while an immediate trading range in between 19700 to 19900 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a small-bodied Bearish candle on the daily scale on Thursday with longer upper shadow indicating the absence of momentum at higher zones,” he said. “Now the index has to hold above 19800 zones, for an up move towards 19888 then 19950 zones whereas supports are placed at 19750 then 19650 zones,” recommended Taparia. We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon: Expert: Pritesh Mehta, Lead Technical Analyst at YES Securities told ETBureau BPCL: Buy| Target Rs 455| Stop Loss Rs 395 Bharti Airtel: Buy| Target Rs 1057| Stop Loss Rs 945 BHEL: Buy| Target Rs 161| Stop Loss Rs 137 Expert: Kunal Bothra, Market Expert told ETNow Aditya Birla Fashion & Retail: Buy| Target Rs 236| Stop Loss Rs 222 Aarti Industries: Buy| Target Rs 600| Stop Loss Rs 500 Varun Beverages: Buy| Target Rs 1100| Stop Loss Rs 1050 (You can now subscribe to