Experts Financial News

gold buying almost synonymous. People have been buying and investing in gold year after year and generations after generations. The attractiveness of the returns on yellow metal is well established as it is also considered a good hedge against inflation and a good asset class to diversify your investment risk.

Info Edge (India) Ltd. traded at Rs 4493.1 on BSE at 01:54PM (IST) on Friday, down 1.69 per cent from previous close. The stock quoted a 52-week low price of Rs 3310.0 and a high of Rs 4984.1.

Cholamandalam Investment & Finance Company Ltd. traded 0.27 per cent up at Rs 1149.25 at around 01:49PM (IST) on Friday. The stock had closed at Rs 1152.4 in the previous session.

ransomware attack that disrupted trades in the US Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year. ICBC Financial Services, the US unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from it.

Tube Investments of India Ltd. gained 0.28 per cent to Rs 3159.5 at 01:34PM (IST) in Friday's trade. The counter hit a high of Rs 3176.05 and low of Rs 3107.15 so far during the session.

Pidilite Industries Ltd. fell 1.08 per cent to Rs 2430.5 in Friday's trade as of 01:39PM (IST) even as the benchmark Nifty ruled at 19404.8, up 9.5 points. The scrip had closed at Rs 2457.1 in the previous session.

Bharat Forge Ltd. gained 0.64 per cent to Rs 1039.2 at 01:29PM (IST) in Friday's trade. The counter has hit a high of Rs 1043.35 and low of Rs 1018.8 so far during the session.

DLF Ltd. gained 0.72 per cent to Rs 605.15 in Friday's trade as of 01:13PM (IST). It hit a high of Rs 606.65 and low of Rs 595.15 during the session.

XRP (-5%), Dogecoin (-2.8%), and Toncoin (-7%) were trading in the red, while Ethereum (9.7%), Solana (5.5%), Polygon (3.6%), Cardano, and BNB were trading in the green. Meanwhile, the global cryptocurrency market cap increased by 1.8% to around $1.4 trillion in the last 24 hours. At the same time, the market cap of Ethereum, the world's second-largest cryptocurrency, surged to $253 billion. On Friday, Ethereum experienced a significant surge, surpassing the $2,000 resistance level with a more than 10% increase. This growth was driven after the asset management giant BlackRock registered to create an Ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token. BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Nasdaq also filed a proposal on Thursday to list and trade shares of the trust.

Tata Elxsi Ltd. slipped 0.43 per cent to Rs 8007.0 in Friday's trade. It hit a high of Rs 8091.65 and low of Rs 7958.1 during the session.

Godrej Consumer Products Ltd. traded 0.16 per cent down in Friday's trade at 12:53PM (IST). Around 4,300 shares changed hands on the counter.

LTIMindtree Ltd. rose 0.27 per cent to Rs 5239.75 in Friday's trade. It hit an intraday high of Rs 5249.95 and low of Rs 5182.85, respectively, during the day.

Honasa Consumer, which runs Mamaearth and other brands, today fell up to 15% but recovered after global brokerage firm Jefferies issued a report initiating coverage on the beauty and personal care products company. After falling 15% to the day's low at Rs 256.10 in the morning session, Mamaearth shares rallied up to around 4% to Rs 313.50 at noon. «Honasa should report industry-leading growth at 27% over the next 3 years. We value at 6x Sep-25 EV/sales (at a discount to HPC peers; implies 67x FY26 PE) to arrive at a price target of Rs 520,» Jefferies said, while calling it a high conviction buy. Led by founder-couple Varun and Ghazal Alagh, Honasa has prioritised growth over profitability, which Jefferies said is the correct strategy.

If a deposit in a five-year account is withdrawn prematurely after four years from the date of account opening, interest at the Post Office Savings Account rate of 4%. 7 changes in Senior Citizens Savings Scheme rules:More people can invest, more time for retirees, stricter penalty Premature closure of account No deposit may be withdrawn before six months have passed from the date of deposit. If a deposit in a one-year, two-year, three-year, or five-year account is withdrawn prematurely after six months but before the expiry of one year from the date of deposit, interest at the rate applicable to Post Office Savings Account for the completed months is payable to the account holder. New PPF rule: Interest calculation on premature closure of PPF account changed When a deposit in a two-year or three-year account is withdrawn prematurely after one year from the date of deposit, interest on such deposit is payable to the account holder for the completed years and months beginning on the date of deposit and ending on the date of withdrawal, and such interest is calculated at a rate that is two percentage points less than the rate specified for a deposit of one or two years, as the case may be. Change in interest rate calculation If a deposit in a five-year account is withdrawn prematurely after four years from the date of account opening, interest at the rate applicable to Post Office Savings Accounts is payable. It means that on premature withdrawal, interest of post office savings account that is 4% will be paid. Earlier interest rate calculation If a five-year time deposit account is closed after four years from the date of deposit, the rate applicable to three-year time deposit accounts will be used to calculate

CarTrade Tech jumped over 13% to hit their 52-week high of Rs 825 on the NSE on Friday following the September quarter earnings posted by the company on Thursday where the online classifieds and auto auction platform reported a 44% jump in its revenue growth and a 132% growth in profit after tax (PAT). Today's gains take stocks' rally to seven sessions in a row. The price action was supported by volumes as 16 lakh shares changed hands on the NSE around 11:15 am. The company recorded a total income of Rs 330.24 crores in Q2FY24 with net revenue reported by it during the quarter at Rs 147.94 crores, the company filing to the exchanges revealed.

Max Healthcare Institute Ltd. traded 0.78 per cent down at Rs 588.65 on Friday at around 12:38PM (IST), while the benchmark BSE Sensex declined 26.54 points to 64805.66. As many as 9,885 shares changed hands on the counter with a total value of Rs 0.59 crore.

Crompton Greaves Consumer Electricals Ltd. gained 0.55 per cent to Rs 283.0 at 12:33PM (IST) in Friday's trade. The stock hit a high of Rs 283.0 and low of Rs 279.05 so far during the session.

United Spirits share price plunged almost 7 per cent in morning trade on BSE on Friday, November 10, as investors offloaded shares of the company in the wake of its September quarter earnings which showed a significant year-on-year (YoY) fall in standalone revenue and profit. In an exchange filing on Wednesday, November 8, United Spirits said its standalone revenue from operations dropped almost 19 per cent YoY to ₹6,733.8 crore. In the same quarter last year, the company's revenue from operations was at ₹8,275.9 crore.

Stock market today: ESAF Small Finance Bank share price today listed on Indian stock market at whopping 20 per cent premium. ESAF IPO listed on BSE at ₹71.90 per share levels whereas on NSE, ESAF shares listed at ₹71 apiece levels. According to stock market experts, fundamentals of the company is strong and ESAF IPO was offered at an attractive valuations.

rupee closed 1 paise lower at 83.28 against the American currency. “Rupee is expected to depreciate amid rise in dollar. The hawkish comments from the US Federal Reserve Chairman Jerome Powell has reinforced the possibility of another rate hike.

Bajaj Holdings & Investment Ltd. traded 0.44 per cent up in Friday's trade at 10:10AM (IST). Around 103 shares changed hands on the counter.