UPS Financial News

Asian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors

Varun Beverages Ltd. gained 0.23 per cent to Rs 1526.0 at 01:59PM (IST) in Thursday's trade. The scrip hit a high of Rs 1532.45 and low of Rs 1506.5 so far during the session. The stock had closed at Rs 1522.35 in the previous session. The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 4.24 crore on BSE. The stock traded at a price-to-earnings multiple of 81.67 and a price-to-book ratio of 23.16.

InterGlobe Aviation Ltd. gained 0.29 per cent to Rs 4828.0 in Thursday's session as of 12:11PM (IST) even as the equity benchmark Sensex traded 59.19 points lower at 82293.45. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4944.6 and a 52-week low of Rs 2334.95 on NSE. Around 4821 shares changed hands on the counter till 12:11PM (IST).

«The whole idea is that if we do not repeat our mistake, that is the reason we build our system and process around that. So, learning from mistake is something very important and we have to keep on acknowledging it, that yes, as human beings we have made mistakes and we will make mistakes, so there is no point that the day you get that feeling you have arrived, the problem starts,» says Sandeep Tandon, Quant Mutual Fund. We are celebrating Teacher's Day with great learnings of Rakesh Jhunjhunwala and Warren Buffett. What has been your great learning from the masters of the world? And what would you like to share as a learning for our viewers today on Teacher's Day? Sandeep Tandon: If you sit down, whether you talk about Warren Buffett or talk of bhaiya or anybody who is very successful in the market, I think I have always seen the one aspect which is humility. And second thing they always accepted, even on the multiple public forum, the mistake which they did. And we believe that if you can highlight that, that you have learned from mistakes and I think that is the biggest learning, like even at Quant what we try to say that we as a human being will make new mistakes.

Tata Power Company Ltd. gained 0.36 per cent to Rs 422.2 in Thursday's trade as of 12:01PM (IST). The stock hit a high price of Rs 423.4 and low of Rs 419.3 during the session. The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 12:01PM shares and turnover at Rs 6.64 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 470.85 and 52-week low prices of Rs 230.75, respectively.

LTIMindtree Ltd. gained 0.78 per cent to Rs 6118.0 in Thursday's trade as of 12:07PM (IST). The stock hit a high price of Rs 6198.0 and low of Rs 6060.25 during the session.

Indian Oil Corporation Ltd. gained 1.69 per cent to Rs 180.05 in Thursday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 3.61 points lower at 82349.03. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51 on NSE. Around 758982 shares changed hands on the counter till 10:25AM (IST).

Tata Elxsi Ltd. traded 0.53 per cent up at Rs 7790.0 at 11:36AM (IST) on Thursday, even as BSE benchmark Sensex dropped 66.08 points to 82286.56. The stock had settled at Rs 7748.85 in the previous session. The stock quoted a 52-week high price of Rs 9191.1 and 52-week low of Rs 6406.6, respectively. As per BSE data, total traded volume on the counter till 11:36AM (IST) stood at 8165 shares with a turnover of Rs 6.37 crore.

Algeria's Imane Khelif won an Olympic gold medal in women's boxing, athletes and coaches in the North African nation say national enthusiasm is inspiring newfound interest in the sport, particularly among women. Khelif's image is practically everywhere, featured in advertisements at airports, on highway billboards and in boxing gyms. The 25-year-old welterweight's success in Paris has vaulted her to national hero status, especially after Algerians rallied behind her in the face of uninformed speculation about her gender and eligibility to compete. Amateur boxer Zougar Amina, a medical student who's been practicing for a year, called Khelif an idol and role model.

REC Ltd. traded at Rs 631.5 on BSE at 11:41AM (IST) on Thursday, up 1.12 per cent from previous close. The stock quoted a 52-week low price of Rs 233.75 and a high of Rs 653.9.

PI Industries Ltd. traded 0.28 per cent higher in Thursday's session at 11:46AM (IST). The stock opened at Rs 4545.6 and has touched an intraday high and low of Rs 4555.0 and Rs 4508.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 4632.75 and a 52-week low of 3060.0. About 1,484 shares changed hands on the counter so far.

₹16.8 crore in benefits from her ex-employer ICICI Group. ICICI Bank Ltd and Buch have denied the allegations. But Khera has intensified his charges, alleging that Buch’s post-retiral benefits from ICICI Group were higher than the salary she drew from the private lender.

Biocon Ltd.(up 3.63 per cent), Laurus Labs Ltd.(up 3.61 per cent), Mankind Pharma Ltd.(up 2.88 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 2.8 per cent) and Ipca Laboratories Ltd.(up 1.96 per cent) were among the top gainers.

Avenue Supermarts Ltd. traded 2.1 per cent up at Rs 5207.0 at 10:19AM (IST) on Thursday, even as BSE benchmark Sensex dropped 2.04 points to 82350.6. The stock had closed at Rs 5099.75 in the previous session. The stock quoted a 52-week high price of Rs 5253.0 and 52-week low of Rs 3617.3, respectively. As per BSE data, total traded volume on the counter till 10:19AM (IST) stood at 9139 shares with a turnover of Rs 4.73 crore.

Indian Hotels Company Ltd. traded 0.68 per cent up in Thursday's trade at 11:31AM (IST). Around 72,226 shares changed hands on the counter. The scrip opened at Rs 661.15 and touched an intraday high and low of Rs 667.0 and Rs 659.45, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 672.0 and a 52-week low of Rs 371.45.

In an interaction with ET Digital, Ashvin Patil, Founder & Director, Biofuels Junction, says his company plays a critical role in the ongoing decarbonisation efforts as a supply chain partner to replace fossil fuels. Patil also explains how with the right technological solutions, India can create a more sustainable and efficient system to manage agricultural residue and promote the growth of the biofuels sector.

A 14-year-old student opened fire at a Georgia high school and killed four people on Wednesday, authorities said, sending students scrambling for shelter in their classrooms — and eventually to the football stadium — as officers swarmed the campus and parents raced to find out if their children were safe.

America’s employers posted fewer job openings in July than they had the previous month, a sign that hiring could further cool in the coming months

Gurmeet Chadha of Complete Circle Consultants, points out that there is news of Sona BLW buying the railway arm from Escorts Kubota and doing a QIP there. Their market share in differentiated gear is almost 55-60% in PVs and 75% in CVS. The heavy gears they make are amongst the best in class and the EV portfolio has traction motors. The BSGs also seem to be doing well. Chadha also slike Precision Camshafts that has 60% market share in camshafts. Plus, they continue to have exposure in Uno Minda and Sandhar Technologies. Which are the sectors that are not going to rotate and where there is both value and growth visibility? Gurmeet Chadha: In the correction that has happened in the market, there will be a lot of chemical names where something may not happen immediately, but the destocking probably should get over. For example, there are some APIs; the solvent prices are down, the destocking is almost done, and something may not come immediately but the US Biosecure law and one or two good quarters can re-rotate some of the good names like Aarti, Deepak, and Tata Chemicals. Soda ash prices are down.

Well-heeled Chinese are moving to Japan in droves, buying up homes and harboring hopes for opportunities

«But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names,» says Pankaj Pandey, Head Research, ICICIdirect.com. Let us first talk about the oil sensitives because they are the one which sort of really held the market in place yesterday. I mean be it paint companies, OMCs, all of them a bunch. But do you think that this was just a knee-jerk reaction because crude has been seeing a steady decline for past three months now? Pankaj Pandey: On the crude oil front, volatility is going to be there because ahead of US elections, largely if you look at, both the candidates are at extreme positions in terms of the views. But Trump is pitching for nearly three million barrel kind of increase in the oil production. And coupled with the fact that the Chinese economy is not doing so well, which is the largest incremental buyer, I think crude is expected to remain soft. Now, while the marketing margins are expected to prop up given the softness what we have seen in crude, but the refining margins is something which needs to be watched for. But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names.