Experts Financial News

Shree Cement's consolidated net profit more than doubled to Rs 447 crore in the three months to September 2023. This compares with Rs 183 crore in the previous year period. Revenue from operations in the reporting second quarter jumped 19% year-on-year (YoY) to Rs 4,800 crore, compared with Rs 4,038 crore in the year-ago quarter. Operating profit or EBITDA for the quarter jumped 64% YoY to Rs 886 crore.

₹11,901.85, hit on March 28, 2023. While they achieved record-high wholesale dispatches of passenger vehicles (PVs) in October, showrooms are now dealing with unprecedented inventory levels, raising concerns for both dealerships and manufacturers. According to FADA, the Navratri period saw a surge in bookings driven by the introduction of new models, particularly SUVs, and attractive consumer offers.

General Elections, inflation and interest rate trajectory are the key factors that will influence the market. Also Read: Stock Markets and Diwali 2023: What could be the top challenges before Nifty 50 in Samvat 2080? Analysts explain We talked to several experts to gain insights into their expectations regarding the market's trajectory in Samvat 2080 and the potential milestones the Nifty 50 may reach in the new Samvat.

Tata Motors, L&T amongst top 5 performers during Samvat 2079 Tata Motors Ltd, Larsen & Toubro stand amongst top 5 Sensex gainers since last Diwali. The share prices of Tata Motors and Larsen & Toubro have gained 55-61% during samvat 2079 till date (i.e since Diwali last year) The strong pickup in economic activity has been supportive for Tata Motors and Larsen & Toubro. For Tata Motors the pickup and improvement in domestic commercial vehicle demand as well as continued momentum in personal vehicles segment remains a key growth driver.

real estate on Dhanteras aligns with the concept of wealth accumulation and prudent financial planning. The act of buying a house on Dhanteras is akin to a well-considered financial decision with the potential to underpin long-term financial stability, added Anoop Kumar Bhargava.

travelling abroad. Let us discuss what it covers and when one should buy it. Though the word “Travel Insurance" suggests that expenses related to travel only are covered but travel insurance covers more than that.

larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates Credit Suisse after taking over its fallen Swiss banking rival. Switzerland's largest bank said the net loss in the third quarter stood at $785 million (732 million euros).

Golden Crossover, a technical indicator that often elicits intrigue among stock market enthusiasts. On November 7, Tuesday, Trendlyne revealed that over 40 Nifty stocks had experienced the Golden Crossover.

European shares were subdued on Tuesday as a drag in energy stocks offset gains in financials, while Watches of Switzerland jumped to a more than one-month high following a strong second-quarter update. The pan-European STOXX 600 was flat by 0815 GMT, having snapped a five-day gaining streak on Monday. It had climbed more than 3% last week amid robust earnings and signs of an end to rate hikes by major central banks. Energy stocks led sectoral declines with a 1.2% fall, tracking a more than 1% drop in crude oil prices. Watches of Switzerland soared 12.2% to the top of the STOXX 600 as it expects to more than double its annual profit by 2028. UBS Group posted a $785 million loss in the third quarter, while signalling that its core wealth business is stabilising.

Protean eGov Technologies, ESAF Small Finance Bank and ASK Automotive are currently open for public subscription. Here's a brief look at subscription status and other details. ESAF Small Finance Bank The public offer of ESAF Small Finance Bank (SFB) was booked nearly 19x on the third day of the bidding process.

Square Yards, India’s largest integrated real estate platform, has reached a significant milestone of Rs 100-cr recovery of invested funds, with over 300 legal cases resolved for homebuyers and property owners, with the help of its asset management arm, PropsAMC.

As the digital currency market continues to evolve, Bitcoin faces a new set of challenges and endorsements. Currently priced at $34,901, Bitcoin has seen a slight decline of 0.25% as of Tuesday.

Diwali 2023: IRCTC announces 5 nights 6 days package to Andaman and Nicobar Islands. Check price, itinerary here Saurabh Jain, Vice President - Research at SMC Global Securities, said, “IRCTC's focus on other than online ticket booking business is expected to reflect in the balance sheet of the company in the upcoming Q2 results." "The market is expecting that IRCTC may report a rise in hospitality and catering revenue.

Diwali just around the corner, it's important to avoid overspending on jewellery, and understanding how making charges on gold are calculated can help save money. Jewellery involves labour costs and all jewellers pass on this cost to the buyers in the form of making charges. Making charges are usually a percentage of the current gold price.

Devyani International on Tuesday, November 7, reported a consolidated profit of ₹33.35 crore for Q2FY24, down 43 per cent against the profit of ₹58.76 crore in the corresponding quarter last year. Revenue from operations for the quarter under review stood at ₹819.47 crore, up 9.64 per cent year-on-year (YoY) against ₹747.43 crore in Q2FY23. The reported EBITDA, post-IND-AS, closed at ₹158.8 crore, resulting in an EBITDA margin of 19.4 per cent.

Stock market today: After flat listing on BSE and NSE, Mamaearth's parent Honasa Consumer share price further went down and touched intraday low of ₹322 apiece on BSE. According to stock market experts, Mamaearth IPO witnessed 'motivated investment' in second half of the last day of subacription. Hence, there can be sharp downside if no big investment comes into the stock after listing.

ICICI Prudential Life Insurance Company Ltd. traded 1.11 per cent up in Tuesday's trade at 01:29PM (IST). Around 18,699 shares changed hands on the counter.

Marico Ltd. traded at Rs 523.7 on BSE at 01:39PM (IST) on Tuesday, down 1.78 per cent from previous close. The stock quoted a 52-week low price of Rs 462.95 and a high of Rs 595.0.

ICICI Lombard General Insurance Company Ltd. fell 0.28 per cent to Rs 1371.35 at 01:34PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.

Relative Strength Index (RSI). On November 6, Tuesday, StockEdge reported over 60 stocks showing upward momentum.

The benchmark Nifty50 is expected to scale 21,000-mark by the next Diwali, according to over 56% of the 16 respondents who participated in the survey conducted by ETMarkets on what the new year for Dalal Street will look like. Since last Diwali, the 50-stock index has net gained 9.5%, and the 21000-level target for Nifty50 implies a somewhat similar quantum of gains from the current levels. The bullish optimism among money managers for the next year comes despite the general elections on the anvil. While events such as these will bring in short-term volatility, the structural growth story of India remains intact and this is likely to drive strong capital inflows, according to money managers. Key Drivers General elections will be one of the major events that will drive domestic equities.