Trade Financial News

REC Ltd. traded 1.8 per cent down in Thursday's trade at 12:42PM (IST). Around 116,013 shares changed hands on the counter. The scrip opened at Rs 556.95 and touched an intraday high and low of Rs 556.95 and Rs 534.5, respectively, in the session so far. Shares of the company of REC Ltd. quoted a 52-week high of Rs 653.9 and a 52-week low of Rs 259.5.

Cryptocurrency prices exhibited mixed trends on Thursday. Bitcoin (BTC) remained volatile but managed to stay above the $67,400 mark, while Ethereum (ETH) continued to hover around $2,600. Solana (SOL) and Shiba Inu experienced slight dips over the past 24 hours. As of 11:41 pm IST, Bitcoin was up 0.6%, trading at $67,433, having earlier reached a high of $68,375. Ethereum gained 0.17%, rising to $2,623.

Tube Investments of India Ltd. dropped 1.87 per cent to Rs 4419.0 at 12:26PM (IST) in Thursday's trade. The scrip hit a high of Rs 4511.0 and low of Rs 4397.55 so far during the session. The stock had closed at Rs 4503.6 in the previous session. The counter had a total traded volume of 12:26PM shares so far with a turnover of Rs 0.48 crore on BSE. The stock traded at a price-to-earnings multiple of 70.63 and a price-to-book ratio of 14.15.

Vedanta Ltd. traded 1.35 per cent down in Thursday's trade at 12:37PM (IST). Around 1,752,628 shares changed hands on the counter. The counter opened at Rs 488.0 and touched an intraday high and low of Rs 492.8 and Rs 478.85, respectively, in the session so far. The stock of Vedanta Ltd. quoted a 52-week high of Rs 523.6 and a 52-week low of Rs 211.25.

Colgate-Palmolive (India) Ltd. traded at Rs 3420.0 on BSE at 12:33PM (IST) on Thursday, down 2.15 per cent from previous close. The scrip quoted a 52-week low price of Rs 2003.65 and a high of Rs 3893.0.

The Federal Trade Commission has adopted a rule that will require businesses to make it easy for consumers to cancel unwanted subscriptions and memberships

Shares are mostly higher in Asia after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies

Japan has reported its exports to key destinations like China fell in September, leading it to rack up a trade deficit of about $2 billion for the month

Subscribe to enjoy similar stories. Mineral stocks, quiet through much of 2024, are heating up ahead of what promises to be an exciting 2025. Top investors anticipate a promising year for these stocks, with Dolly Khanna, making a strategic entry into one such company after Rekha Jhunjhunwala bought and sold shares of Raghav Productivity Enhancers, which manufactures and exports quartz-related products Dolly Khanna is an investor in Chennai who is known for picking some lesser-known mid caps and small caps.

Cholamandalam Investment & Finance Company Ltd. traded at Rs 1490.9 on BSE at 10:49AM (IST) on Thursday, up 0.4 per cent from previous close. The scrip quoted a 52-week low price of Rs 1011.5 and a high of Rs 1650.0.

Balrampur Chini Mills Ltd.(up 0.41%), Simbhaoli Sugars Ltd.(up 0.36%), EID Parry(India)Ltd.(up 0.16%) and Magadh Sugar & Energy Ltd.(up 0.15%) were among the top gainers.

Bitcoin has recently surged past $67,000, reaching new monthly highs and pushing its market cap to $1.33 trillion. Over the past year, it has delivered an impressive 142% increase, driven by significant developments and growing confidence in the crypto space. We are now at a time where adoption of crypto is rapidly scaling. Let’s dive into the key factors behind this price action and explore the events shaping its upward momentum.

Ircon International shares are in focus after the company signed a Memorandum of Understanding (MoU) with Patel Engineering Limited. This agreement aims to foster collaboration between the two companies in exploring, identifying, and jointly executing mutually beneficial business opportunities in various infrastructure projects, both in India and overseas. The stock is also drawing attention due to the recent shareholding changes in the September quarter. Mutual funds reduced their stake in the railway infrastructure company, with holdings dropping to 0.31% as of September 30, down from 1.67% at the end of the June quarter. Notably, Quant Active Fund exited its position in Ircon during this period, after holding a 1.15% stake in the company as of June.

The BSE Sensex was up 41 points, or 0.05%, trading at 81,543, while the Nifty50 was down 14 points, or 0.06%, at 24,957 around 9:20 am.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Macquarie has a neutral rating on Bajaj Auto while Jefferies has a buy rating on KIE Industries. Macquarie has maintained its outperform rating on Zydus Life and Investec has retained a sell rating on L&T Technology.

Mphasis shares will be in focus on Thursday after the company reported a 4.6% sequential increase in net profit for the quarter ending September. The net profit stood at Rs 423 crore, up from Rs 404 crore in the first quarter. Revenue for the second quarter of fiscal 2025 rose by 3.3% to Rs 3,536 crore, compared to Rs 3,422 crore in the previous quarter.

Pawan Parakh, Fund Manager, Geojit Financial Services, says in auto, we have hardly scratched the surface as far as electric vehicles are concerned, but a lot of these companies are getting valuations as if EV is 20%, 30%, 40% of their sales. This is one segment where, even at the OEM level, there are unbelievable valuations. Apart from that, in the retail space, once again some of the companies, despite how good the performance is, the valuations can be justified. Also, in some of these PSU names, a lot of the stocks have run up as if they are great Maharatna companies. These are the few pockets Parakh will be looking for the next two-three quarters. What so far within the earnings has really stood out for you either as a positive or a negative surprise? Pawan Parakh: So far not many companies have reported their earnings but whatever is out, it is one sector which we continue to like. Very clearly from now on or maybe a quarter onward you should see momentum coming back as far as its revenues are concerned. So, it is one sector which looks good. Some of the data that we picked up from various channels is that this time around e-comm sales are also being reasonably good.

LTTS) shares will be in focus on Thursday following the company's report of a marginal 2% increase in its consolidated net profit, reaching Rs 320 crore for the quarter ended September 2024, up from Rs 315 crore a year ago. In the same reporting period, revenue from operations rose by 8% year-on-year (YoY) to Rs 2,573 crore, compared to Rs 2,386 crore in the previous year.

The Nifty future closed negative with losses of 0.34% at 25032 levels on Wednesday.

Bikaji Foods International shares will be in focus on Thursday after the company announced that its wholly-owned subsidiary, Bikaji Foods Retail, will make a strategic investment of Rs 131.01 crore for a 53.02% stake in Hazelnut Factory Food Products. Hazelnut Factory is a café-cum-artisanal sweets brand based in Lucknow. The investment will be made in tranches, with the acquisition expected to be completed over the next two years, according to the company's stock exchange filing.