Performer Financial News

Small-cap stocks can offer exciting investment opportunities, often showing agility and rapid changes in market dynamics. On October 12, 2023, a selection of small-cap stocks displayed noteworthy movements as they crossed their 100-day Simple Moving Averages (SMA). Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Hitachi Energy India Hitachi Energy India, a subsidiary of Hitachi ABB Power Grids, had its 100-day SMA at Rs 4,174.37.

Multibagger stock: Mufin Green Finance shares are one of the multibagger stocks that Indian stock market has produced in recent years. This multibagger NBFC stock has surged from around ₹39 to ₹87.10 apiece levels in year-to-date (YTD) time, delivering to the tune of 125 per cent return to its positional investors. However, it seems that the stock still has some steak left in it.

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Tata Motors jumped over 4 percent to their record high on Friday after the company's arm Jaguar Land Rover (JLR) India reported its highest-ever performance in the first half of financial year 2023-24 (FY24). The company posted an over 97 percent year-on-year (YoY) jump in its total sales for April-September at 2,356 units from around 1,194 units in the same period last year. The stock rose as much as 4.4 percent to its all-time high of ₹665.50.

stock market, several midcap stocks achieved significant milestones by reaching new 52-week highs on October 13, reflecting positive market sentiment and the growth potential of these companies. These notable performances offer investors a diverse range of opportunities in the midcap segment. The data was sourced from StockEdge at 1:30 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

In the world of stock market analysis, indicators like the 200-day Simple Moving Average (SMA) are essential for understanding long-term trends. On October 12, 2023, several major stocks displayed significant movements by crossing their 200-day SMAs. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Sterlite Technologies Sterlite Technologies, a global technology company, surpassed its 200-day SMA of Rs 160.38.

A 65-inch TV screen has pride of place in Vanessa Hudson’s office at the Qantas headquarters in Mascot, monitoring in real-time the airline’s schedules across its domestic and international markets.

₹2.8 lakh crore. Sustained infrastructure investments shall help the capital goods, industrials, and infrastructure sectors to continue performing in the coming months. Auto and auto ancillary sectors shall also continue to see selective traction as a few sub-segments in the industry are performing extremely well and with the upcoming festive season, the momentum is expected to continue.

Fixed-income investments are investments that provide a fixed or stable return on investment over a specified period of time. These can be used by investors to diversify their portfolio given these are not as risky as derivatives and equities. Because the returns in fixed-income investments are reliable, it is particularly popular amongst senior citizens.

Bethesda, Maryland-based ProShares, a prominent player in the crypto-linked ETF market, has announced a significant expansion of its product line. On October 2, 2023, the firm will launch three new exchange-traded funds (ETFs), including the ProShares Ether Strategy ETF (EETH). This will be the first ETF specifically designed to track the performance of ether, the second-largest cryptocurrency by market capitalization. In addition to EETH, ProShares is introducing two blended ETFs that aim to offer investors exposure to both bitcoin and ether, the dominant cryptocurrencies in the market.

Avenue Supermarts is likely to see its net profit for the quarter ended September 2023 decline on a year-on-year (YoY) basis. This is largely because of a weak operational performance. According to the provisional numbers released by the owner of DMart hypermarket chain earlier this month, the company’s standalone revenue increased by nearly 19% YoY in the September quarter to Rs 12,308 crore. However, the net profit is expected to decline about 3% on year to Rs 666 crore, according to the average of estimates given by five brokerages. The Radhakishan Damani-owned company will release its earnings on Saturday. Dalal Street investors will track the management’s commentary on the outlook for the current quarter, given that festival season will drive discretionary spending and increase footfalls in stores. Industry-wide commentary indicated a persistent slowdown in the discretionary category in the September quarter, but analysts expect it to improve in the current quarter with the onset of festive demand. The company’s overall view on the margin trajectory for the rest of the financial year will also be watched by investors. Store addition outlook and trend on revenue per square feet will also be a key monitorable. Revenue per sq ft, which remained subdued in the recent past mainly due to the addition of larger store sizes and weak discretionary spending, is now seeing a pick-up, said analysts at Motilal Oswal Securities. “We believe the improvement in revenue per sqft indicates an improved contribution from larger stores,” it said. As of September 30, the company's total number of stores stood at 336, with nine new additions in the last quarter.

Angel One shares jumped 7% to hit a new 52-week high of Rs 2,250 in Friday's trade on BSE after the firm reported a nearly 43% YoY rise in second-quarter profit at Rs 304.5 crore as against Rs 214 crore a year earlier. Its quarterly revenue grew 40.7% YoY to Rs 1,048 crore. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter under review stood at Rs 443 crore, marking a jump of 40.1% compared with the year-ago period. The company’s board also declared a second interim dividend, of Rs 12.7 per share, for the financial year 2023-24.

Rajeev Sodhi, Bhatinda, Punjab Tax-saver index funds, also known as equity-linked savings schemes (ELSS) index funds, are a subcategory of ELSS mutual funds, that specifically invests in a basket of stocks that track a particular market index, such as the Nifty 50 or the Sensex. These funds offer investors the dual benefit of tax savings and the potential for capital growth. Tax-saver index funds work by investing in a basket of stocks that track a particular market index.

₹143.75 apiece in early Friday trade after the company in an exchange filing on Thursday said it was awarded 'Navratna' status by the Department of Public Enterprises. This makes IRCON the 15th Navratna company among the Central Public Sector Enterprises (CPSEs), as per the company's exchange filing. Furthermore, the Department of Public Enterprises also granted the 'Navratna' status to another PSU, RITES, making it the 16th Central Public Sector Enterprise (CPSE) to receive this prestigious recognition.

statement on its website. Ahead of the match, Ahmedabad police have also issued a notification designating the city a “no-drone zone", Times of India report stated. There was no opening ceremony held for the ICC Cricket World Cup which is being hosted in India, however, a pre match event has been planned by the BCCI ahead of the India vs Pakistan match.

Proxy firm CGI Glass Lewis has advised clients to vote against the election of Bill Wavish to the board of Endeavour Group, despite an aggressive campaign by the company’s biggest shareholder, pubs billionaire Bruce Mathieson snr.

Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd indicate that the ride in second half of financial year may remain turbulent. There are limited expectations for FY24. While TCS reported tepid revenue growth missing expectations, Infosys and HCL Technologies' revenue growth guidance cuts have disappointed.

ITC has turned a new leaf in recent years, as its strategy to derive higher revenue from its consumer business is bearing fruit, bit by bit. Registered in Calcutta as the Imperial Tobacco Company, the FMCG major has always relied on its cigarettes and leaf tobacco business for a major chunk of its revenues. ITC’s true diversification move might have begun with the launch of its hotel in Chennai in 1975, including a failed attempt at the financial services business, but it wasn’t until August 2001 that the tale of the FMCG behemoth came to be. Having relied on its cigarette business since 1910, ITC has increasingly sought to earn more from its ‘cleaner’ consumer goods products.

Mirae Asset Mutual Fund has launched Mirae Asset Nifty IT ETF, an open-ended scheme replicating/tracking Nifty IT Total Return Index. The new fund offer or the NFO of the scheme is open for subscription and it will close on October 18. The scheme will re-open for continuous sale and repurchase from October 23. The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error.

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