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Dipan Mehta, Director, Elixir Equities, says “one should never analyse L&T on a consolidated basis because due to the software business and the NBFC, you will never realise that value. L&T is never going to sell off those stakes and unlock value for its shareholders and those companies are already listed. So, I do not want to double count them when I am doing the valuation calculation for L&T. If you start to value only the EPC business and the unlisted subsidiaries, then it is a slightly reasonable valuation.” We have been talking quite extensively about the real estate space as well as a whole, the kind of promising opportunity given that there are a few formidable players in New Delhi, Gurgaon, etc. Is there a ripe opportunity still at play when it comes to real estate? At corrections, why not? And, although a lot of the real estate stocks are quoting at or around their net asset value, the fact is that the opportunities are keeping on growing for the sector and these companies and I have seen quarter after quarter because of either joint development agreements or because of price increases or acquisition of land bank, these companies have started to report even higher and higher net asset value or the net realisable value of these companies.

Star Health and Allied Insurance Company fell over 5% to Rs 550 in Wednesday's trade on BSE after the firm reported lower-than-estimated earnings for the September quarter. The company reported a 34% increase in net profit to Rs 125 crore in Q2 FY24. Its total income in the second quarter of the ongoing fiscal rose to Rs 3,357 crore against Rs 2,918 crore in the year-ago period.

Federal Bank Ltd. traded 0.32 per cent down at Rs 140.1 at 12:43PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 147.19 points to 63727.74. The stock had closed at Rs 140.55 in the previous session.

Bajaj Auto on November 1 said its total sales increased by 19 percent year-on-year (YoY) to 471,188 units in October this year. The company had dispatched a total of 395,238 units in October 2022. Year-to-date (YTD) domestic unit sales have risen 25 percent to 1,608,730 units sold in the April-October 2023 period, against 1,290,128 units sold in the April-October 2022 period.

Hero MotoCorp, the world’s largest two-wheeler manufacturer, will report its financial results for the quarter ended September 2023 today. The company is expected to see double digit growth in net profit, while revenue is seen rising moderately. Despite strong urban demand and adequate finance availability, volume performance of two-wheeler companies in Q2FY24 has been restricted due to the timing of the festive season.

Blue Jet Healthcare share price was listed at ₹380 on the NSE (National Stock Exchange) almost 10% higher than the issue price of ₹346 on Wednesday. On the BSE (Bombay Stock Exchange) Blue Jet Healthcare share price was listed at Rs359.90 per share and touched highs of ₹395.85, during intraday trades. Investor confidence had remained strong on the company as was visible from IPO subscription level as was subscribed 7.95 times, which as per analysts is a good subscription level.

rupee settled at 83.25 against the American currency. Persistent foreign fund outflows also weighed on the local unit, forex traders said. “In October, the USD/INR pair exhibited an unusual trend, with the lowest monthly intraday trading range observed recently.

Gold demand 8% ahead of 5-year average in July-Sept, falls short of year-ago mark on high prices The US Fed meeting outcome is the key event which can affect gold prices. If the Fed signals it does not want to raise rates from here, gold prices can see fresh interest. Gold prices react to interest rates in a complex way.

market was seen consolidating on Wednesday tracking muted global cues. The Nifty index bucked its ongoing trend of forming consecutive lower lows by closing higher at 19,047 on Tuesday. The Nifty50 index managed to reclaim 19000 levels on Tuesday amid short covering of existing short positions in the Index futures, suggest experts. The Put-Call Ratio (PCR) has also improved from 0.63 a day earlier to 1.27 on Tuesday. Put-call ratio (PCR) is an indicator commonly used to determine the mood of the options market. A PCR ratio below 1 suggests that traders are buying more Call options than Put options.

Tata Steel Q2 Results Preview: Tata Steel will announce its financial results for the second quarter of FY24 today, November 1. The Tata group company is expected to report a sharp fall in profitability during the July-September quarter of FY24. The overall steel sector is expected to report mixed performance in Q2FY24 due to reduced seasonal demand and lower average selling price (ASP), resulting from decreased ferrous prices.

BSE on Wednesday (November 1), a day after the company reported its Q2FY24 earnings. GAIL share price opened at ₹120.65 against the previous close of ₹119.55 and rose about 1.6 per cent to the level of ₹121.50. The stock, however, cooled off quickly and traded 0.71 per cent higher at ₹120.40 around 9:20 am in a weak market.

Indian Railways will operate the fully reservation-based Patna-New Delhi Special Vande Bharat Express for a total of six trips. Earlier, Indian Railways announced 283 festival special trains for Diwali and Chhath Puja.

Aussie Broadband’s wholesale telecommunications business, which provides services to third parties to resell, will account for almost a third of its operations after it sealed a deal to buy software group Symbio for $262 million.

India VIX was up by 2.92% from 11.49 to 11.82 levels on Tuesday. Volatility has been on the rise from the last two sessions which has made the upside capped for the indices. On the weekly options front, the maximum Call OI is placed at 19200 and then towards 19500 strikes while the maximum Put OI is placed at 19000 and then towards 19100 strikes. Call writing is seen at 19200 and then towards 19250 strikes while Put writing is seen at 19100 and then towards 19050 strikes. “Options data suggests a broader trading range in between 18500 to 19600 zones while an immediate trading range in between 18850 to 19400 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty has formed a Bearish candle on the daily frame on Tuesday but has been forming higher highs — higher lows from the last three sessions,” he said. “Now the Nifty index has held above 19050 zones, for an up move towards 19250 then 19350 zones whereas supports are placed at 19000 then 18888 zones,” recommended Taparia. We have collated a list of stocks from various experts for traders who have a short-term trading horizon: Expert: Nagaraj Shetti, Technical Research Analyst, HDFC Securities Ltd told ETBureau Mangalam Cement: Buy| Target Rs 425| Stop Loss Rs 380 Tube Investments of India: Buy| Target Rs 3300| Stop Loss Rs 3050 Expert: Nooresh Merani, an independent technical analyst told ETNow LIC Housing: Buy| Target Rs 490| Stop Loss Rs 450 CDSL: Buy| Target Rs 1700| Stop Loss Rs 1390 Satin Creditcare: Buy| Target Rs 270| Stop Loss Rs 230 (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not

Nokia said Tuesday it is suing Amazon in five global jurisdictions, including the United States and India, over patent infringements on video-related technologies. Nokia said it is also suing HP, formerly known as Hewlett-Packard, in a US court, also for using Nokia video technology without its permission.

The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules.

Dividend stocks 2023: Cyient Shares and Nestle India share price will be in focus when the stock market opens today. The board of directors of these companies have declared dividend for its eligible shareholders. The dividend is a percentage of earnings paid out to shareholders.

₹365 crore. The IPO will see the sale of 3,186,300 shares by Honasa promoter Varun Alagh and up to 100,000 shares by his wife Ghazal Alagh.

Sensex declined 237 points to settle at 63,874 and Nifty dipped 61 points to end at 19,079. Stocks that were in focus included names like BSE, which declined 2.61%, Muthoot Finance, which fell 1.50%, and SBI Life, whose shares gained 3.30% on Tuesday. Here's what Amol Athawale, Vice-President — Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today. Siemens — Buy The stock had been in a persistent downward trend. Therefore, it is currently into an oversold territory on the daily scale.

Advisors who make one-off recommendations to 401(k) plans and participants may face a new reality under the latest fiduciary rule proposed by the Department of Labor: They will be fiduciaries, whether they like it or not.

President Biden warned financial advisors Tuesday not to recommend high-fee investment products that line their own pockets rather than help their clients build a nest egg, as he promoted a proposal to raise advice standards for retirement accounts.