Lowe's Financial News

₹319.55 on Thursday, October 18. It has jumped about 41 per cent in the calendar year so far, strongly outperforming the equity benchmark Sensex which has gained 9 per cent in the same period. Coal India share price hit its 52-week low of ₹207.70 on March 27 this year.

Arvind Fashions with a ‘buy’ call. It is a focused player with a strengthened balance sheet and attractive valuations, it said. The brokerage has a target price of ₹515 for the stock, indicating an upside of over 40 percent.

L&T Technology Services (LTTS) lost over 5 percent on Wednesday after the company lowered its revenue growth guidance for the current fiscal year despite in-line revenue for the quarter ended September 2023 (FY24). The stock shed as much as 5.5 percent to its day's low of ₹4,360.35. It has gained 29 percent in the last 1 year and 19 percent in 2023 YTD.

Varun Beverages Ltd. fell 0.95 per cent to Rs 920.7 in Wednesday's trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 19702.0, down 109.5 points. The scrip had closed at Rs 929.55 in the previous session.

MphasiS Ltd. traded 1.34 per cent down at Rs 2259.85 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 429.88 points to 65998.21. The scrip had settled at Rs 2290.75 in the previous session.

DLF Ltd. traded at Rs 566.25 on BSE at 01:14PM (IST) on Wednesday, down 0.22 per cent from previous close. The scrip quoted a 52-week low price of Rs 336.55 and a high of Rs 576.55.

Colgate-Palmolive (India) Ltd. traded 0.34 per cent down in Wednesday's trade at 01:19PM (IST). Around 2,483 shares changed hands on the counter.

Bharat Electronics Ltd. slipped 1.33 per cent to Rs 136.65 in Wednesday's trade. It hit a high of Rs 138.95 and low of Rs 136.45 during the session.

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InterGlobe Aviation Ltd. traded 1.01 per cent up at Rs 2572.4 at around 12:53PM (IST) on Wednesday. The stock had closed at Rs 2598.8 in the previous session.

«Actually, I do think that while obviously smallcaps tend to be volatile on a two-three-year basis, that is where the big return will be made,» says Manish Gunwani, Head-Equities, Bandhan AMC. So, where do we start with — your great call on Tata Group, hotel stocks and hospital stocks, or we should simply talk about the big picture first? No, so I think the new themes we are more positive on which are basically things related to power capex or revival in rural consumption, pharma, so these are the new set. The ones you said are a bit old right now.

Tube Investments of India Ltd. gained 0.21 per cent to Rs 2999.85 in Wednesday's trade as of 12:48PM (IST). The stock hit a high price of Rs 3005.8 and low of Rs 2963.0 during the session.

HDFC Bank is better placed through its granular branch expansion and faster customer acquisition compared to ICICI Bank which will ensure diversified and deeply penetrated growth with the sticky customer base. It likes both large private sector banks and has maintained ADD ratings on them. For HDFC Bank, the brokerage has a target price of ₹2000, implying a potential upside of almost 30 percent while for ICICI Bank, it has a target of ₹1,060, indicating an 11 percent upside.

Crompton Greaves Consumer Electricals Ltd. traded 0.44 per cent up at Rs 298.65 at around 11:46AM (IST) on Wednesday. The stock had closed at Rs 300.0 in the previous session.

cement producers in the September quarter, with average profitability of the industry seen surging by at least 50% compared to the previous year, said analysts. Also Read: Orient promoter CK Birla taps Adani for cement business sale While operating margins are seen lower on a sequential basis due to weak seasonality, they could rise by as much as 400 600 basis points on an average year-on-year, with ACC and Ambuja Cements clocking in the best improvement. “ACC and Ambuja would witness higher EBITDA expansion due to low base while we expect Ultratech, Shree Cement and Dalmia Bharat to see a margin expansion in the range of ₹212-250/t,” Systematix Institutional Equities said. Spending by a few key states ahead of their elections this year, and the impending elections at the Centre has kept the demand for cement robust with an estimated year-on-year growth of 12-14%, they said. Market leader Ultratech Cement has seen a 16% year-on-year growth in its consolidated sales in the September quarter, with volumes of 26.69 million tonnes. “Institutional demand was more robust, driven by increasing construction activity in most regions. In addition, both central and state government infrastructure projects executed well,” Axis Securities said in a pre-ear nings note. The cost of power and fuel, meanwhile, is seen lower by around ₹100-150 per tonne as compared to the previous quarter.

ABB matched forecasts with its third-quarter operating profit on Wednesday and dampened expectations for the fourth quarter while reporting continued decline in orders from China. The maker of industrial drives and motors posted a 13% increase in its operational earnings before interest, tax and amortisation (EBITA) to $1.4 billion during the three months to Sept. 30, in line with a company-gathered consensus of forecasts. Revenues at the company, which competes with Germany's Siemens and France's Schneider Electric rose 8% on a comparable basis to $8 billion, slightly below analysts' forecast for $8.1 billion. ABB reported net income of $882 million, below the $919 million consensus forecast. ABB, a big supplier to industry, is seen as a bellwether for the broader global economy, with its products being used in ships, ports, factories and transport systems. The group said its order intake fell 2% during the quarter with double-digit growth in the United States, its biggest market, partially helping to offset a decline in China, ABB's second-largest market. «Orders in China declined at a low single-digit comparable growth rate particularly hampered by weakness in robotics and construction demand,» Chief Executive Bjorn Rosengren said in a statement. ABB said it anticipated low- to mid-single digit comparable revenue growth in the fourth quarter.

LONDON (Reuters) — British annual consumer price inflation (CPI) was unchanged at 6.7% in September holding at August's 18-month low, official data showed on Wednesday.

Vedanta Ltd. gained 0.71 per cent to Rs 231.6 in Wednesday's trade as of 10:25AM (IST). The stock hit a high price of Rs 232.45 and low of Rs 230.0 during the session.

Shree Cements Ltd. traded at Rs 26791.75 on BSE at 10:30AM (IST) on Wednesday, up 0.56 per cent from previous close. The stock quoted a 52-week low price of Rs 20165.8 and a high of Rs 27284.85.

Bajaj Finance share price: Bajaj Finance share price fell over 2 per cent in early trade on BSE on Wednesday, October 18, a day after the company reported its current fiscal's July-September quarter (Q2FY24) scorecard. Bajaj Finance share price opened at ₹8,080.95 against the previous close of ₹8,091.35 and dropped 2.05 per cent to the level of ₹7,925 quickly. Around 9:25 am, the stock was 1.36 per cent down at ₹7,981.35 on BSE.

new fund offers (NFOs) every month and the old ones plying in the market to create wealth, many old and new investors are eager to know which of them can help them create wealth. Of course, there are some of the best-performing mutual funds that have earned returns to investors beyond anticipation.