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Olaf Scholz said on Friday he wanted to deepen defence ties with New Delhi and bring the two countries' militaries closer, in comments following a meeting with Indian Prime Minister Narendra Modi. Germany, which has not traditionally had close defence ties with India, is now pitching to join the latter's effort to wean its arms base from decades of dependence on Russia, at a time when the West seeks to counter China's growing influence. «Our overall message is clear, we need more co-operation, not less,» Scholz said.

Tube Investments of India Ltd. traded 2.16 per cent down at Rs 4623.5 at 01:39PM (IST) on Friday, even as BSE benchmark Sensex dropped 787.68 points to 79277.48. The scrip had closed at Rs 4726.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4807.05 and Rs 2885.25, respectively.

LTIMindtree Ltd. traded 1.92 per cent down in Friday's trade at 12:16PM (IST). Around 6,655 shares changed hands on the counter. The scrip opened at Rs 5973.8 and touched an intraday high and low of Rs 5973.8 and Rs 5823.3, respectively, in the session so far. The stock of LTIMindtree Ltd. quoted a 52-week high of Rs 6575.0 and a 52-week low of Rs 4518.35.

"Demand had been depressed for a while. What has happened is firstly, things were never as good as the companies were talking about back two-three months back, but equally we do not think it is as bad either as how things are perceived to be right now. It is not doom and gloom. It is not a perpetual slowdown," says Pratik Gupta, Kotak Institutional Equities We are underperforming global markets and now the earnings in a sense have been marred with a string of disappointment. What has changed in between last quarter and now that the management commentary, the growth outlook and the demand environment is looking so sluggish? Pratik Gupta: Yes, you are right. We believe we are already seeing at Kotak series of earnings downgrades across the board in most companies and the December quarter will also not be very strong based on the early commentary about the festive season, this is as far as the consumer sector is concerned.

InterGlobe Aviation Ltd. traded 3.09 per cent up at Rs 4378.85 at around 12:21PM (IST) on Friday. The stock had closed at Rs 4518.75 in the previous session. Equity benchmark Sensex traded 711.94 points lower at 79353.22 around the same time.

Varun Beverages Ltd. traded 0.73 per cent lower in Friday's session at 12:27PM (IST). The stock opened at Rs 610.05 and has touched an intraday high and low of Rs 616.95 and Rs 593.75, respectively, during the session so far. The stock quoted a 52-week high of Rs 682.84 and a 52-week low of 331.28. About 104,248 shares changed hands on the counter so far.

Cholamandalam Investment & Finance Company Ltd. slipped 2.07 per cent to Rs 1358.35 in Friday's trade as of 11:21AM (IST). The stock hit a high price of Rs 1421.0 and low of Rs 1345.0 during the session. The return on equity (ROE) for the stock stood at 17.45 per cent. Traded volume on the counter stood at 11:21AM shares and turnover at Rs 2.55 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 1650.0 and 52-week low prices of Rs 1011.5, respectively.

Voltas Ltd. traded 1.77 per cent down in Friday's trade at 11:15AM (IST). Around 10,930 shares changed hands on the counter. The scrip opened at Rs 1800.05 and touched an intraday high and low of Rs 1802.9 and Rs 1741.15, respectively, in the session so far. The stock of Voltas Ltd. quoted a 52-week high of Rs 1946.2 and a 52-week low of Rs 810.05.

On the BSE, IndusInd Bank(down 17.92 per cent), Naturo Indiabull(down 13.69 per cent), Galactico Corporate(down 12.89 per cent), Olympic Cards(down 11.76 per cent) and Dixon Tech(down 11.69 per cent) were among the stocks that plunged over 5 per cent during the session.

As of 11 am, the maximum number of bids were attracted by the retail investors with a subscription of 1.17 times, followed by the non-institutional investors (NIIs) with a subscription of 32%.

Dixon Technologies fell by 9.7% to a day's low of Rs 13,601.30 on the BSE after soaring 6% to hit a new all-time high of Rs 15,999.95 in Friday's session, despite a 265% year-on-year (YoY) jump in its Q2 PAT. The company reported a Q2 PAT of Rs 412 crore on Thursday, driven by increased mobile phone production and an exceptional gain of Rs 209.6 crore in the fiscal second quarter of FY2025.

Asian stocks are mostly higher aside from in Japan, where investors are awaiting the outcome of an election on Sunday

Godrej Consumer Products Ltd.(up 3.09%), Bikaji Foods International Ltd.(up 2.66%), Mrs. Bectors Food Specialities Ltd.(up 1.86%), Britannia Industries Ltd.(up 1.18%), Marico Ltd.(up 1.15%), Nestle India Ltd.(up 1.03%), Emami Ltd.(up 0.99%), Dodla Dairy Ltd.(up 0.77%), LT Foods Ltd.(up 0.73%) and Dabur India Ltd.(up 0.60%) were among the top gainers.

Indian Hotels Company Ltd. traded at Rs 664.0 on BSE at 10:40AM (IST) on Friday, down 0.46 per cent from previous close. The stock quoted a 52-week low price of Rs 371.45 and a high of Rs 720.6.

United Spirits Ltd. gained 0.8 per cent to Rs 1472.95 in Friday's session as of 10:35AM (IST) even as the equity benchmark Sensex traded 452.8 points lower at 79612.36. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1648.4 and a 52-week low of Rs 993.65 on NSE. Around 7967 shares changed hands on the counter till 10:35AM (IST).

Bikaji Foods International surged by 10% to day’s high of Rs 918 on BSE post the results of Q2. The revenue from operation grew by 18.5% year-on-year to Rs 7,212 million with profit of 15% YoY. EBITDA grew by 21.7% on a yearly basis to Rs 686 million. The profit after tax also saw a notable jump of 14.7%. H1 FY25 reflected a similar strong performance with revenue growth of 18.6% and a volume growth of 15.5%.

BSE Midcap index has produced 12 gems since last Diwali, each delivering multibagger returns with 26 others yielding double-digit returns of 50% or more. There are 19 duds as well in the pack of 192 stocks which have fallen by up to 50% during this period. The 12 multibaggers are Indian Renewable Energy Development Agency (IREDA), Dixon Technologies (India), Rail Vikas Nigam (RVNL), Oracle Financial Services Software (OFSS), Oil India, Torrent Power, Glenmark Pharmaceuticals, Voltas, PB Fintech (Policybazaar), Hindustan Petroleum Corporation (HPCL) and Kalyan Jewellers India which have given returns between 182% and 100%.

were among the top gainers.

were among the top gainers.

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(This story originally appeared in on Oct 24, 2024)