Trade Financial News

Tube Investments of India Ltd. traded 0.4 per cent at Rs 3697.55 at 11:48AM (IST) on Monday, even as BSE benchmark Sensex 54.87 points to 81763.99. The stock had settled at Rs 3682.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4807.05 and Rs 3333.90, respectively.

Shares are mostly lower in Asia, with South Korea's benchmark down 2.3%, after U.S. stocks rose to records on Friday

The year 2024 turned out to be remarkable—especially when judged by the impact of my New Year resolutions.

Persistent Systems Ltd.(up 0.89 per cent), L&T Technology Services Ltd.(up 0.71 per cent), Coforge Ltd.(up 0.55 per cent) and MphasiS Ltd.(up 0.5 per cent) were among the top gainers.

Sandip Sabharwal, asksandipsabharwal.com, says the key to FMCG stocks is to buy them early because the biggest feature of many of these stocks is that they do not raise equity. Most old investors tend not to sell. So, whenever there is positive news flow, new investors come in and then the stocks move up. They are reasonably priced. Start slowly nibbling into these stocks The FIIs clearly seem to be making a comeback, I do not know for how long, but at least it is a healthy buy figure so far this month. But does it seem like the rough patch of September, October is behind us or will the litmus test be in January when we have the next quarterly earnings? Sandip Sabharwal: So, FII flows have been erratic. Earlier, at the beginning of the fourth quarter, the flows started to become a bit positive, then they became quite negative. So, tracking these flows to make investment decisions is going to be difficult and that is what some investors should not be doing. So, when some selling creates opportunities to buy and if you are bullish on the markets, then we should be buying, so that is the perspective.

MphasiS Ltd. 0.43 per cent to Rs 3067.60 in Monday's trade. It hit a high of Rs 3096.90 and low of Rs 3045.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2695.13, while the 50-DMA was at Rs 2949.66. 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.

Bharat Forge Ltd. traded at Rs 1366.95 on BSE at 10:41AM (IST) on Monday, 0.88 per cent from previous close. The stock quoted a 52-week low price of Rs 1063.40 and a high of Rs 1826.20.

Sundaram Brake(up 20.00%), AdityaBirlaMoney(up 19.97%), Kridhan Infra (up 19.86%), Rajdarshan Ind(up 18.96%), Indo Asia Fin(up 18.65%), Crown Tours(up 18.13%), Ventura Text(up 17.62%), Indo Us Bio-Tech(up 16.23%) and J. Taparia Proj(up 15.36%) were among the stocks that surged over 15%.

DLF Ltd. 1.41 per cent to Rs 868.75 at 10:51AM (IST) in Monday's trade. The counter has hit a high of Rs 873.45 and low of Rs 855.60 so far during the session. The stock had closed at Rs 856.60 in the previous session. The counter has had a total traded volume of 85294 shares so far with a value of Rs 7.36 crore on the NSE. It traded at a price-to-earnings multiple of 59.64 and a price-to-book ratio of 5.64.

DLF Ltd.(up 1.43 per cent), Sobha Ltd.(up 0.79 per cent), Oberoi Realty Ltd.(up 0.52 per cent), Godrej Properties Ltd.(up 0.38 per cent) and Prestige Estates Projects Ltd.(up 0.33 per cent) were among the top gainers.

On the BSE, Adeshwar Meditex(down 20.00 per cent), Mishtann Foods(down 19.96 per cent), Shivansh Finserve(down 15.00 per cent), AVI Products India (down 12.23 per cent) and Aztec Fluids & Machi(down 10.73 per cent) were among the stocks that plunged over 5 per cent during the session.

MRF Ltd.(up 1.49 per cent), Apollo Tyres Ltd.(up 1.24 per cent), Balkrishna Industries Ltd.(up 0.66 per cent), Exide Industries Ltd.(up 0.61 per cent) and Bharat Forge Ltd.(up 0.27 per cent) were among the top gainers.

Tata Power Company Ltd. traded at Rs 441.80 on BSE at 10:15AM (IST) on Monday, 0.53 per cent from previous close. The stock quoted a 52-week low price of Rs 292.25 and a high of Rs 494.85.

Crompton Greaves Consumer Electricals Ltd. traded at Rs 412.15 on BSE at 10:04AM (IST) on Monday, 1.35 per cent from previous close. The stock quoted a 52-week low price of Rs 262.10 and a high of Rs 483.65.

Natco Pharma Ltd.(up 0.83 per cent), Mankind Pharma Ltd.(up 0.67 per cent), Torrent Pharmaceuticals Ltd.(up 0.23 per cent), Granules India Ltd.(up 0.15 per cent) and Ajanta Pharma Ltd.(up 0.13 per cent) were among the top gainers.

buy call on Inox Wind with a target price of Rs 245. The current market price of Inox Wind is Rs 206.4. Inox Wind, incorporated in 2009, is a Small Cap company with a market cap of Rs 26854.24 crore, operating in the Power sector. Inox Wind's key Products/Revenue Segments include Wind Turbine Generator, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.

REC Ltd. traded at Rs 562.90 on BSE at 10:09AM (IST) on Monday, 0.71 per cent from previous close. The stock quoted a 52-week low price of Rs 389.05 and a high of Rs 653.90.

Juan Soto and the New York Mets agreed to a record $765 million, 15-year contract Sunday night, a person familiar with the deal told The Associated Press

buy call on Lemon Tree Hotels with a target price of Rs 164. The current market price of Lemon Tree Hotels Ltd. is Rs 136.65. Lemon Tree Hotels, incorporated in 1992, is a Mid Cap company with a market cap of Rs 10829.22 crore, operating in Tourism & Hospitality sector. Lemon Tree Hotels' key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024.

The Nifty future closed positive with gains of 0.04% at 24775 levels on Friday. India VIX closed at 14.14 in the previous trading session.

RBI guidelines and the rates at which they are able to lend in foreign currency,” says Bhavik Thakkar, CEO Abans Investment Managers. In an interview with ETMarkets, Thakkar said: “For NRIs since rates have gone down in global major economies, India FCNR rates relatively becomes attractive, if it further goes up, it may benefit them more,” Edited excerpts: