Gap Financial News

Small-cap stock under ₹50: Despite heavy sell off at Indian stock market, Hardwyn India shares have been able to attract buying interest by Dalal Street bulls. After gap up op[ening Hardwyn India share price today ascended to intraday high of ₹38.45 apiece levels on NSE, logging around 2 per cent rise against its Friday close of ₹37.70 apiece.

Marico share price jumped nearly 6% to touch 52-week on Tuesday's trading session after domestic brokerage ICICI Securities upgraded Marico stock with a 'buy' rating from a 'add' rating and saw a possible upside 19% from Friday's close price of ₹562. Marico share price today opened at ₹570.05 on BSE, and touched an intraday high of ₹595, and low of ₹567.30. At 12:22 IST, Marico shares were trading over 3% higher at ₹580.65 apiece.

Godrej Consumer Products Ltd. gained 0.74 per cent to Rs 999.0 in Tuesday's session as of 10:35AM (IST) even as the equity benchmark Sensex traded 352.67 points lower at 65475.74. Earlier in the day, the stock witnessed a gap down start to the session.

Ambuja Cements Ltd. traded at Rs 430.15 on BSE at 10:30AM (IST) on Tuesday, up 1.21 per cent from previous close. The scrip quoted a 52-week low price of Rs 315.3 and a high of Rs 598.15.

Vedanta to outperform rating, Nuvama upgraded it to hold. Kotak Institutional Equities, however, remains a bear on the stock with a sell rating.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the initial part of the credit cycle growth will be led by the NBFC pack. On top of this, we are now heading into the festival season. Then in the summer, there will be demand for consumer durables. It is the election season and you will have lots of liquidity flooding the economy. So the consumption drive is also on the back of NBFCs as a clear lead over banks in terms of lending at the consumer and the retail end of it.” You understand the NBFC space so closely. In fact, one of your group companies is a big NBFC, very successful. They have been talking of a very high quality, sustainable growth going forward and one of the few NBFCs which is trading at a 52-week high. Which phase of the cycle are the top NBFCs in? Most of them are guiding towards 20%, 25% growth, while some SME ones are talking about 30-35% growth. Is it early cycle, mid-cycle or late cycle? I would say early to mid-cycle because as corporate capex goes up, banks generally come in at a late stage to finance.

₹232.35 apiece on the BSE. In a move to unlock value for its shareholders, the billionaire Anil Agarwal-led Vedanta Group unveiled a complete overhaul of its Indian metals, mining, and energy conglomerate, Vedanta Ltd.

Day trading guide for today: After US shutdown getting averted, Wall Street traded mixed but Nasdaq witnessed 0.67 per cent rise during Monday deals. However, Dalal Street will be under scanner today as it is opening after a three days gap due to extended week off.

Sharply subdued levels of edible oil prices in the global markets for nearly a year, coupled with the government’s resolve to pass the benefits on to the consumers, have kept consumption high, but hit the bottom lines of domestic companies hard.

The Emirati president-designate of the upcoming United Nations COP28 climate talks has called on oil and gas companies to be “central to the solution” to fighting climate change as the industry boosts its production to enjoy rising energy prices

Remunerations paid to top bosses in corporate India are increasingly coming under scrutiny, just as the gap between salaries of workers and top bosses widens. The widening gap Jayadev Galla, CMD of Amara Raja Batteries, took home over Rs 52 crore as compensation in FY23. That was about 1,872 times the median salary of the company's employees. Amara Raja Batteries heads the list of top 10 companies with the widest gap between CEO pay and median employee remuneration. An analysis of Nifty 500 companies that had released their annual reports for FY23 showed several small- and mid-cap, promoter-driven companies such as Amber Enterprises, JK Paper, Balkrishna Ind and Ratnamani Metals in the top 10, ET had reported in August.

hydrogen market, the Ministry of Shipping and Ports has identified three key ports—Kandla, Paradip, and Tuticorin—as focal points for the export of green hydrogen, green ammonia, and green methanol within the next seven years, a TOI report stated. The primary objective now is to establish the essential infrastructure at these ports, facilitating the storage, handling, and bunkering of these eco-friendly fuels and their derivatives. India's ambitious target is to create a capacity for exporting approximately 5 million tonnes of green hydrogen and its derivatives annually by the year 2030. This strategic initiative aligns with the objectives outlined in the National Green Hydrogen Mission, which seeks to harness hydrogen's potential in various industrial sectors, including fertilizers and petrochemicals.

United Nations COP28 climate talks called on oil and gas companies on Monday to be «central to the solution» to fighting climate change, even as the industry boosts its production to enjoy rising global energy prices. The call by Sultan al-Jaber highlights the gap between climate activists suspicious of his industry ties and his calls to drastically slash the world's emissions by nearly half in seven years to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) compared with pre-industrial times. «That is our North Star.

Stock market vs mutual funds: While investing in mutual funds or stock market, one needs an expert to get better returns on one's money. However, sometimes even expert advice fails to yield in sync with one's expected return.

Sycamore Gap tree near Hadrian's Wall, a Roman landmark in northeastern England. Following the earlier release of a 16-year-old on bail, a man in his 60s has been arrested and is currently in custody. The incident, described as «senseless destruction» by Detective Chief Inspector Rebecca Fenney-Menzies, has provoked shock, horror, and anger locally and beyond. The 16-year-old was initially taken into custody on suspicion of criminal damage after the ancient tree was felled overnight. The motivations behind such an act, which saw the destruction of one of England's iconic trees, have baffled and angered people across the United Kingdom. Police are treating the case seriously, as it involves damage to a world-renowned landmark and a local treasure. Authorities are committed to finding those responsible and bringing them to justice, with the second arrest underscoring the seriousness of the situation.

Key Takeaways

Financial institutions are missing an important element of providing an effective service for clients from diverse backgrounds.

Australian Defense Minister Richard Marles says the army will never again fly its fleet of MRH-90 Taipan helicopters following a crash in July that killed four soldiers

fiscal deficit for the first five months of this fiscal year through August stood at 6.43 lakh crore rupees, or 36% of annual estimates, government data showed today. The fiscal deficit widened from 32.6% reported in the comparable year-earlier period. Total receipts stood at 10.29 lakh crore rupees, while overall expenditure in April to August was at 16.72 lakh crore rupees. They were 37.9% and 37.1% of this fiscal year's budget target. Revenue receipts stood at 10.14 lakh crore rupees, of which tax revenue was 8.04 lakh crore rupees and non-tax revenue was 2.10 lakh crore rupees.

New Delhi: India's current account deficit (CAD) widened in the April-June quarter to $9.2 billion or 1.1% of GDP from $1.3 billion in the preceding three months. The September quarter is expected to see a substantial widening of the deficit as the trade balance has been worsening sequentially, oil and higher core imports are rising, and services exports are slowing further. Mint explains the relevance of the data in the context of the Indian economy The current account measures the flow of trade, including goods and services and investments in and out of a country.

Pakistan to fulfil its commitments under the IMF programme for the sake of economic continuity. In June, the IMF already agreed, in principle, to a nine-month Stand-by Arrangement worth about $3 billion with Pakistan. The finance minister also touched on the external financing gap.