Trade Financial News

MphasiS Ltd. 2.44 per cent to Rs 3107.35 in Thursday's session as of 01:46PM (IST) even as the equity benchmark Sensex traded 966.55 points at 79215.65. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 3239.55 and a 52-week low of Rs 2180.05 on NSE. Around 9286 shares changed hands on the counter till 01:46PM (IST).

Ashok Leyland Ltd. 1.88 per cent to Rs 218.60 in Thursday's trade as of 01:56PM (IST). The stock hit a high price of Rs 221.60 and low of Rs 216.35 during the session. The return on equity (ROE) for the stock stood at 27.58 per cent. Traded volume on the counter stood at 01:56PM shares and turnover at Rs 2.09 crore around that time. The stock of Ashok Leyland Ltd. quoted a 52-week high price of Rs 264.70 and 52-week low prices of Rs 157.65, respectively.

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HDFC Asset Management Company Ltd. 0.21 per cent to Rs 4356.05 at 01:30PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 946 shares with a turnover of Rs 0.41 crore till 01:30PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 42.12, while the price-to-book value ratio stood at 11.32.

Hemang Jani, Independent Market Expert, says realty stocks have run up quite a lot. Once there is a bit of a lull in terms of the new project launches or the sales that they are doing, the market could react a bit negatively because it is a high beta sector. So, for momentum play, quarterly numbers play, Jani would be positive on Lodha and DLF, but he is not comfortable buying them from an investment perspective. Jani also says he would stay away from Tata Motors and if he has to bet, he would go with M&M which looks to be a much better, cleaner bet at this point of time. This has been a year of consolidation for the cement sector. At the end of 2024, there are fewer players than there were at the start of 2024. But the issue is that a lot of other segments also have not played well with the cement sector, especially on the pricing front. Hemang Jani: The sector has been going through a slowdown and despite the consolidation with two major players commanding about 75-80% of the capacity, when you look at the operating performance it has not been the best that one can really expect, but there is a sense that following a pickup in infra and the government spending and the rural side recovery, we might see good growth coming back.

Au Small Finance Bank Ltd. traded 2.0 per cent in Thursday's trade at 01:19PM (IST). Around 64,719 shares changed hands on the counter. The scrip opened at Rs 550.05 and touched an intraday high and low of Rs 553.00 and Rs 540.90, respectively, in the session so far. The stock of Au Small Finance Bank Ltd. quoted a 52-week high of Rs 813.00 and a 52-week low of Rs 540.90.

Zomato Ltd. 1.09 per cent to Rs 288.70 in Thursday's trade. It hit a high of Rs 290.10 and low of Rs 284.85 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 228.54, while the 50-DMA was at Rs 271.63. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

SpiceJet rallied 7.8% to an intraday high of Rs 60.70 on the BSE on Thursday after the company announced that it has settled its over $16 million dispute with Genesis. As part of the agreement, SpiceJet will settle $6 million with Genesis, while Genesis will invest $4 million in SpiceJet equity at a valuation of Rs 100 per share.

Canara Bank traded 0.43 per cent in Thursday's trade at 12:27PM (IST). Around 696,300 shares changed hands on the counter. The counter opened at Rs 100.20 and touched an intraday high and low of Rs 104.00 and Rs 100.20, respectively, in the session so far. Shares of the company of Canara Bank quoted a 52-week high of Rs 129.35 and a 52-week low of Rs 82.66.

Bank of Baroda traded 0.37 per cent in Thursday's trade at 12:17PM (IST). Around 162,247 shares changed hands on the counter. The scrip opened at Rs 246.00 and touched an intraday high and low of Rs 250.95 and Rs 244.85, respectively, in the session so far. The stock of Bank of Baroda quoted a 52-week high of Rs 298.45 and a 52-week low of Rs 214.85.

Godrej Consumer Products Ltd. 1.11 per cent to Rs 1079.40 in Thursday's trade as of 11:55AM (IST). The stock hit a high price of Rs 1087.75 and low of Rs 1076.00 during the session. The return on equity (ROE) for the stock stood at -4.44 per cent. Traded volume on the counter stood at 11:55AM shares and turnover at Rs 9.49 crore around that time. The stock of Godrej Consumer Products Ltd. quoted a 52-week high price of Rs 1541.30 and 52-week low prices of Rs 1026.95, respectively.

Hemang Jani, Independent Market Expert, says Zomato is now part of the Nifty and typically, when you see some flows either ETF related or otherwise in one of the global indices, that creates its own impact on the stock. So, definitely from a fundamental standpoint, given the 30-35% discount at which Swiggy is trading at, that would be a preferred bet. Jani says as a short-term tactical play, he likes Zomato, Swiggy, and some of the other platform companies. Yesterday when the markets were closing, we did not anticipate this bolt out of the blue coming in from the Federal Reserve, the fact that the dot plot is indicating only two rate cuts next year. Hemang Jani: After going through weakness in the last two days, this was clearly not expected. And the way the entire event panned out wherein the rate cut guidance has been only muted and only two rate cuts is what the Fed is looking at and maybe probably because of the way the US markets also had gone up in the last, let us say, about six months or so, so typically, the market tends to create a hype around certain events. When you do not see something coming out as per expectation, there is a huge swing in volatility and which is what we are seeing over there. From our perspective, maybe you could see a bit of a negative start. But our market is actually segregated into two halves.

Varun Beverages Ltd. 0.1 per cent to Rs 632.30 in Thursday's session as of 12:00PM (IST) even as the equity benchmark Sensex traded 907.61 points at 79274.59. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 682.84 and a 52-week low of Rs 454.60 on NSE. Around 40020 shares changed hands on the counter till 12:00PM (IST).

China Sea to Himalayan frontiers, Beijing’s methodical approach has left neighbouring countries scrambling to respond. China shares its border with more than a dozen countries and it has had border disputes with at least six of them over the past few years. On its border disputes with its neighbors, China has mostly gone unchallenged, gradually pushing its salami-slicing strategy forward. But 2024 was a turning point: India was the first country in past few decades to decisively stop China in its tracks and refuse to yield to its tried-and-tested game. India’s resistance proved to be a firm message that China’s expansionist ambitions can't always go unchecked.

PI Industries Ltd. 0.71 per cent to Rs 3859.05 in Thursday's trade as of 12:07PM (IST). The stock hit a high price of Rs 3873.10 and low of Rs 3825.00 during the session.

Tata Power Company Ltd. 0.33 per cent to Rs 413.65 in Thursday's session as of 12:12PM (IST) even as the equity benchmark Sensex traded 828.08 points at 79354.12. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 494.85 and a 52-week low of Rs 312.60 on NSE. Around 375488 shares changed hands on the counter till 12:12PM (IST).

Nomura India Investment Fund Mother Fund has picked up a stake in the recently listed Vishal Mega Mart through a bulk deal on Wednesday, buying a stake worth Rs 324.96 crore. Nomura purchased 3 crore shares of the company on the NSE at a price of Rs 108.32 apiece, according to data available on the exchange website.

Subscribe to enjoy similar stories. On 18 December, the Securities and Exchange Board of India (Sebi) approved several key amendments to improve business operations, investor protection, and the efficiency of market participants.

Subscribe to enjoy similar stories. The Indian textile industry plays a pivotal role in the nation’s economy. The sector contributes 2.3% to India’s GDP and generates 10.5% of export revenue, according to India Brand Equity Foundation.