Experts Financial News

Its total income increased to Rs 2,364 crore for the second quarter against Rs 1,833 crore in the year-ago period, Voltas Ltd said in a regulatory filing. The company said its board has approved a proposal to raise up to Rs 500 crore through the issuance of rated, listed, unsecured, redeemable non-convertible debentures (NCDs) on a private placement basis.

Airports Authority of India (AAI), the Delhi Pollution Control Committee and others to file their objections within two weeks to the maintainability of a plea seeking directions for prohibiting landing and take-off at airports in the national capital at night. The NGT was hearing a petition which sought directions to ban landing and take-off, except for international flights, at the Indira Gandhi International (IGI) Airport and all other airports located within the city limits from 10 PM to 6 AM due to noise pollution.

ITC Ltd on Thursday reported a 10.3% year-on-year (YoY) rise in net profit for the quarter ended September to Rs 4,927 crore. This was higher than the ETNow poll of Rs 4,906 crore.

Russia’s strategic dependence on China has only grown since the war. This year, trade between the two powers has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite.

Brazilian airplane maker Embraer recently revealed that American Airlines has made a solid commitment to buy four E175 jets. These planes will be used by Envoy Air, which is a part of American Airlines and operates smaller regional flights. The price of this order is around $230.6 million. The delivery of these planes is expected in the last part of 2024. This order will help boost Envoy Air's fleet, making it bigger with over 150 planes by the end of next year. This follows another order for seven E175 planes that American Airlines made back in June. American Airlines Reports Loss Due to Higher Fuel Prices In other developments, American Airlines experienced financial difficulties in the third quarter, causing the business to decrease its annual profit forecast. The main cause for this is the growing cost of fuel. The airline now expects to earn $2.25 to $2.50 a share for the whole year, down from $3 to $3.75 in July. This revised estimate, on the other hand, matches what experts projected. They also forecast a lower operational profit margin this year, down from 10% before. American Airlines expects to make or lose money in the fourth quarter of this year. Here's how American Airlines performed in the third quarter compared to what experts expected:

Cyient on Thursday reported a bigger-than-expected rise in its second-quarter revenue on strong growth in sustainability and transportation segments. The engineering and technology solutions company's consolidated revenue from operations jumped 27.4% to RS 1,779 crore ($213.8 million) for the September quarter, beating analysts' average estimate of RS 1,667 crore, as per LSEG data.

Cardiff Council has explained that the entire roof of the hall needs replacing. This repair could take about 18 months to finish. The UK has seen many public buildings, like hospitals and schools, dealing with problems caused by reinforced autoclaved aerated concrete (RAAC) recently.

Domestic benchmark index NSE Nifty ended 46.4 points down at 19624.7, while the BSE Sensex closed 247.78 points down at 65629.24. On the other hand, Aban Offshore, Shakti Pumps, GKW Ltd, DB(Intl)Stock and BPL Ltd stocks hit their fresh 52-week highs today.

Sectorally, buying was seen in auto, consumer durables, and FMCG stocks while metal, energy, oil & gas and power stocks saw some selling pressure. Stocks that were in focus on Thursday include names like Bajaj Auto, which was up more than 6% to hit a fresh all-time high; NBCC India, which gained more than 9%, and Nestle India which rose more than 3%. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Vivek Mashrani CFA, Director at Technofunda Ventures Private Limited Bajaj Auto Bajaj Auto hit a new all-time high and is trading in an uptrend. It is a good buy from a medium-term perspective as long as the trend is intact. Fundamentally, the company has been in the limelight with its excellent quarterly result with its quarterly EBITDA surpassing Rs 2,000-crore milestone for the first time. The September quarter profit increased by 20% on a YoY basis.

An International Atomic Energy Agency team is in Fukushima for the agency's first marine sampling since treated radioactive wastewater started being released from the area's damaged nuclear plant into the sea

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie. We advise investors to check with certified experts before taking any investment decisions."Exciting news! Mint is now on WhatsApp Channels

Sandip Sabharwal, asksandipsabharwal.com, says “unlike some of the other managements on the two-wheeler side who continue to talk bullish when things were bad, the Bajaj Auto management used to point out at that time that market conditions are not as great. And now they are talking of a strong growth outlook. So I think one has to take it credibly and the outlook thus improves for the stock as well as the company.” Do you think the risk reward continues to favour Bajaj Auto given their quarterly performance? It does, because of the fact that the management is very credible. So when they talk of things like potential improvement in overseas as well as domestic sales, a good momentum in the festival season, as well as a pickup in the three-wheeler segment, which traditionally used to be the most profitable segment for them, we need to sit up and take notice because that indicates that the overall outlook looks good. Unlike some of the other managements on the two-wheeler side who continue to talk bullish when things were bad, the Bajaj Auto management used to point out at that time that market conditions are not as great. And now they are talking of a strong growth outlook. So I think one has to take it credibly and the outlook thus improves for the stock as well as the company.

Nifty 50 constituents, however, rescued the benchmarks from day's lows. The NSE Nifty 50 index settled 0.24% lower at 19,624, and the S&P BSE Sensex fell 0.38% to 65,629. From the Sensex pack, Wipro, Sun Pharma, Tech Mahindra, and NTPC closed in the red, while Nestle, UltraTech Cement, IndusInd Bank, and L&T closed in the green. Sector-wise, Nifty Metal declined 0.88%, and Nifty Financial Services fell 0.4%. Whereas auto, FMCG, media, and consumer durables closed higher.

Shares of IndusInd Bank Ltd.(up 2.11 per cent), Bank of Baroda(up 0.73 per cent), Federal Bank Ltd.(up 0.2 per cent) and Au Small Finance Bank Ltd.(up 0.09 per cent) ended the day as top gainers in the pack. On the other hand, Bandhan Bank Ltd.(down 3.75 per cent), Kotak Mahindra Bank Ltd.(down 0.85 per cent), ICICI Bank Ltd.(down 0.84 per cent), HDFC Bank Ltd.(down 0.31 per cent) and Punjab National Bank(down 0.26 per cent) finished as the top losers of the day.

Aditya Gaggar, Director of Progressive Shares believes that the earliest signs of recovery in the IT sector would only be visible from Q4FY24 or Q1FY25 onwards. In an interview with Mint, he said one can look at banking, infrastructure, auto, pharma, and chemicals sectors to invest. However, he emphasised that it is more of a stock-specific rather than a sector-driven market.

Relative Strength Index (RSI). In this article, we will delve into what RSI is and why it's a vital tool for assessing stock movements. The Relative Strength Index, or RSI, is a momentum oscillator that measures the speed and change of price movements.

Relative Strength Index (RSI) stands out as a key instrument for evaluating the movement of stocks. In this article, we'll explore RSI's significance and why it's crucial for understanding the dynamics of stock performance. The Relative Strength Index, or RSI, is a momentum oscillator that measures the speed and change of price movements.

technical indicators can be a game-changer for investors. One such powerful indicator is the «Golden Crossover.» In this article, we'll delve into what the Golden Crossover is and why it's a crucial tool for assessing stock movement. The Golden Crossover is a widely recognized bullish technical pattern, particularly favored by traders and analysts for its ability to signal potential buying opportunities.

mutual funds that align with your long-term financial goals. So, before you choose the mutual fund that is “right" for you, it is imperative to give careful consideration to a number of factors such as investment goals, risk tolerance, performance history, and expert management, among others. “Investing in mutual funds is a great way to grow your wealth.

₹23,279.90 against the previous close of ₹23,269.65 and rose about 3.8 per cent to hit its all-time high of ₹24,164.40 on BSE. Around 12:50 pm, the stock traded 3.28 per cent higher at ₹24,033 on the BSE. During market hours on Thursday, Nestle India reported a net profit of ₹908 crore in the quarter ended September 2023, registering a growth of 37.27 per cent from ₹661.46 crore in the same quarter last year.

Multibagger IPO: The initial public offering (IPO) Nirman Agri Genetics is one of the multibagger public issues that Indian stock market has delivered in 2023. This NSE SME issue was launched in March 2023 at a fixed price of ₹99 per equity share. The SME stock listed on NSE SME Emerge platform on 28th March 2023 at a normal premium of ₹3 per equity share.