Experts Financial News

SRF Ltd. traded 0.14 per cent up in Monday's trade at 11:46AM (IST). Around 14,096 shares changed hands on the counter.

rupee settled at 83.25 against the US dollar. Sustained foreign fund outflows and strength of the American currency in the overseas market weighed on investor sentiments, forex traders said. Also Read: As optimism turns to caution in stock markets, what should retail investors do now? “Asian currencies are slightly lower while European currencies continue to remain on the lower side as the dollar index is near 106.57.

Click here!) Alkem Laboratories showcased a strong breakout from a medium-term falling channel formation at ₹3,550 level in mid-July on the weekly chart, marked by a powerful bullish candle, indicating a positive bias. The stock retested the upper band of the channel and bounced back sharply, reaffirming the breakout. The stock is displaying a pattern of higher highs and lows on the weekly chart, forming an upward-sloping trendline, indicating a strong uptrend.

NTPC share price declined over 2% on Monday after the company reported its Q2 results. NTPC shares fell as much as 2.45% to ₹230.75 apiece on the BSE. The state-run power generator NTPC reported a rise of 16.6% in its consolidated net profit for Q2FY24 at ₹3,885 crore as compared to ₹3,331 crore in the corresponding period last year.

Mahindra & Mahindra Financial Services, (MMFS), part of the Mahindra Group, slumped 14.40% to reach 237.35 apiece in early trade on Monday, a level not seen since April 2023, as the investors reacted negatively to the company's Q2FY24 performance, which was released post-market hours on Friday. At 10:45 AM, the stock was trading with a drop of 9.45% at ₹251.30.

Stock market today: Shares of Suzlon Energy Limited has been in uptrend after ushering in new financial year 2023-24. Suzlon shares bottomed out at ₹7.05 apiece levels on NSE at the end of March 2023 and since then its has been rising continuously. Suzlon share price today opened with an upside gap and hit intraday high of ₹32.80 apiece lveles, logging over 350 per cent rise in current financial year.

IDFC First Bank fell over 5% to the day's low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and financial stocks. Though the stock managed to recover from its intraday lows around 10:30 pm, it was still down by 3%. Brokerage Motilal Oswal downgraded the stock to neutral with a revised target price of Rs 95 following its September quarter earnings on Saturday.

PI Industries Ltd. gained 0.16 per cent to Rs 3320.5 in Monday's trade as of 11:16AM (IST). It hit a high of Rs 3335.6 and low of Rs 3297.1 during the session.

Cipla with a target price of Rs 1570. The current market price of Cipla is Rs 1198.1.

Avenue Supermarts Ltd. slipped 0.29 per cent to Rs 3655.0 in Monday's trade as of 11:11AM (IST). It hit a high of Rs 3690.8 and low of Rs 3625.0 during the session.

RBL Bank is offering a maximum return of 7.80% to the general public and 8.30% to senior citizens on terms ranging from 453 days to less than 24 months. Note that for Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as simple interest. These two special FDs offering up to 8.05% interest rate will end in November

The BSE Sensex was trading 168 points or 0.26% lower at 63,614. Nifty50 was trading at 19,003, down 43 points or 0.23% at around 9.18 a.m.

Shibani Sircar Kurian, Senior EVP and the head of equity research, Kotak Mahindra AMC, says “while in pockets, valuations have become expensive and therefore one should be mindful of valuations, structurally, in the hospitality sector as a whole, the trajectory of growth as well as better profitability should continue for the time being.” Much of the rally and the positive has already played out when it comes to the hotel sector and the massive recovery that they have seen from the Covid lows is testimony to that. Is there merit in a) staying invested and b) buying afresh into any of these names? Yes, a lot of the rally has happened because of the improvement that we have seen in terms of numbers.

SBI Life Insurance Company Ltd. with a target price of Rs 1570.

Maruti Suzuki India Ltd. with a target price of Rs 12300.

Brokerage firm Macquarie upgraded RIL to neutral post Q2 results while Jefferies downgraded Cipla to hold. Also, Nomura maintained a neutral rating on Maruti Suzuki and Jefferies had a buy rating on Indian Hotels. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on RIL: Neutral| Target Rs 2200 Macquarie upgraded RIL to Neutral from Underperform earlier and hiked the target price to Rs 2200 from Rs 2100. The September quarter results were in line with estimates.

Reliance Industries with a target price of Rs 2760. The current market price of Reliance Industries Ltd.

Most analysts advised investors to subscribe to the IPO over the company's strong brand identity and diverse product portfolio across different categories. Cello World has developed a strong brand identity through effective brand advertisements and marketing campaigns, including «Cello – Companion for Life», «Cello – Rishta Zindagi Bhar Ka, among others. »We believe the company would be a prominent player in its respective business verticals with a large addressable market growth of an average 16%. The strong financials and debt-free nature of the company offer a growth play in the long term.

stock and clamp down on shell companies that are often used to launder unlawful cash. «It is a matter of common knowledge that in the case of private companies, it is not rare that the shares of the company are registered in the name of persons who are not traceable, do not have valid PAN or similar identification numbers, or remain unidentified,» said Payal Agarwal of Vinod Kothari Consultants. «Historically, dematerialisation of shares is looked upon by the government as a means to curb black money.» As of January 30, 2023, more than 1.3 million private companies are registered with the Ministry of Corporate Affairs (MCA), which has given time to the unlisted large companies to convert stock into electronic form by September next year. Legal experts believe share dematerialisation is necessary to combat malpractices, including benami transactions and back-dated issuance of shares.

Elon Musk has brought a new change to creator monetization. In a post on the X platform, he said that if a user's tweet is corrected by Community Notes, the crowdsourced program of fact-checkers, then that person will not be paid for engagement on those tweets.

investor accounts across the country in recent times. One is the increased participation of the younger generation, while the other pertains to account additions from areas that have not historically participated in the equities boom. Over the past 30 months, 12.7 million accounts have been opened by members of Generation Z, specifically those between 18 and 20 years old. According to BSE data, the number of accounts held by individuals aged 18-20 has risen to 16.1 million as of September 30, 2023, from a mere 3.4 million as of March 2021.