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Honasa Consumer, which runs the Mamaearth brand of toxin-free products, on Thursday rallied around 12% to touch a fresh peak of Rs 393.95 on BSE after the beauty and personal care products retailer reported 94% year-on-year (YoY) growth in Q2 profit. Driven by volume growth, Honasa's quarterly revenue grew 21% YoY to Rs 496 crore while its Ebitda margin expanded 170 bps YoY to 8.1%, the highest ever. The company's management remains confident of delivering a 30% plus revenue growth going forward, similar to that in H1. It also expects Ebitda margins to keep improving on a YoY basis over the coming years, led by operating leverage and further optimisation of ad-spends. «We upgrade our FY24-26e Ebitda and EPS by 5-6%.

As of Tuesday, the IPO was subscribed a whopping 6.5 times, with the global engineering services provider getting bids for 29.5 crore shares, against 4.5 crore shares on offer. Analysts across the board have given a thumbs up to the IPO asking to subscribe to it or buy it post listing and have several positive reasons backing the same.

The Nifty future closed positive with gains of 0.23% at 19886 levels on Wednesday. India VIX was down by 2.98% from 12.23 to 11.86 levels. Volatility slightly cooled off but has been hovering in a range. Positive setup was seen in stocks like BPCL, Aurobindo Pharma, Bharat Forge, Persistent, NTPC, Cipla, Bajaj Auto, Infosys, Power Grid, and Apollo Hospital etc.

Hindustan Copper, Indiabulls Housing Finance, The India Cements, Manappuram Finance, the Multi Commodity Index of India (MCX), NMDC, RBL Bank and Zee Entertainment Enterprises (ZEEL). Chambal Fertilizers and Delta Corp have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

₹288 to ₹304 per equity share of face value of ₹5. Flair Writing IPO comprises a fresh issue of shares of up to ₹292 crore and an offer for sale (OFS) of equity shares with face value of ₹2 each by a promoter and others aggregating up to ₹301 crore.

Sensex closed 92.47 points higher at 66,023.24, while the Nifty 50 settled 28.45 points, or 0.14%, higher at 19,811.85. Nifty 50 formed a small positive candle on the daily chart with a long lower shadow. “Technically, this pattern indicates a formation of hanging man type formation, which is a bearish reversal pattern.

Also Read: OpenAI researchers sent letter warning of AI threat ahead of Sam Altman's ouster Nvidia forecast adjusted gross margins of 75.5% for the fourth quarter, above analyst estimates of 72.64%. Nvidia forecast current-quarter revenue of $20 billion, plus or minus 2%.

Sensex climbed 92 points to settle at 66,023, while the Nifty edged higher by 28 points to end at 19,811. Stocks that were in focus included names like Delhivery, which fell 4.15%, CG Power, which gained 20%, and IDBI Bank, which rose 3% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Delhivery (Bearish) The stock has experienced a breakdown below its critical support level of 395. This breach of the trendline suggests a potential decline towards the 375 and 360 marks in the coming weeks.

defeat in the summit clash against Australia. “Our journey from Chennai to Ahmedabad ended in a disappointing result, but we take pride in our achievements over the six weeks. Despite the pain, we're determined to work harder for the next opportunity," he posted on X, formerly known as Twitter.

₹136 to ₹140. Investors can bid for a minimum of 1000 shares and in multiples thereof.

Linc Ltd (with P/E ratio of 33.50), Kokuyo Camlin Ltd (with P/E ratio of 56.82), and Cello World Ltd, as per Red-herring prospectus (RHP). "Exciting news! Mint is now on WhatsApp Channels

trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upwards, it is taken as a sign of a long buildup.

WhatsApp is rolling out a new update that allows iOS users to link their email addresses to their accounts, in a bid to enhance user experience and security This update, named version 23.24.70, is designed to provide an additional method of access beyond the traditional phone number login. The move is seen as a response to challenges faced by users in areas with poor cellular network coverage. Users can now link their email addresses to receive verification codes, a helpful alternative when facing difficulties in receiving SMS codes due to network issues or technical glitches. It's important to note that these email addresses will remain private, unseen by contacts, and serve solely as a means for WhatsApp to send authentication codes. This feature is particularly valuable for those in low cellular network zones or frequent travellers.

Also Read: Stocks to buy: Hindustan Aeronautics, Bharat Dynamics among top defence stock picks by Choice Broking “We believe the sector should be looked as stock specific now considering runup in some stocks as well as growth concern in some stocks due to book to bill below 2.2x. We maintain PNC Infratech as our top pick, followed by HG Infra Engineering and NCC. We see limited upside potential in GR Infraprojects, KNR Constructions and Ahluwalia Contracts (India)," Phillip Capital said.

Coal India share price has surged significantly in the calendar year 2023 yet experts and brokerage firms anticipate further double-digit gains, indicating that the stock's momentum is expected to continue. As of the November 21 close, Coal India share price has jumped 48.4 per cent this year, strongly outperforming the equity benchmark Sensex which has gained just 8.4 per cent in the same period.

Also Read: Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Which upcoming IPO is better? The products were sold in more than 100 countries worldwide as of June 30, 2023. With the support of our extensive global supplier base and manufacturing operations in India and the United Arab Emirates, Gandhar Oil Refinery India served over 3,500 customers in the Financial Year 2023, including well-known Indian and international businesses like Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare, as per Red-herring prospectus (RHP).

₹600 crore and an offer for sale (OFS) of up to 3.51 crore shares by selling shareholders. Fedbank Financial Services IPO price band has been fixed in the range of ₹133 to ₹140 per equity share and the company plans to raise a total of ₹1,092.26 crore from the upper end of the price band. The OFS comprises up to 54.74 lakh equity shares by its promoter Federal Bank and up to 2.96 crore shares by True North Fund VI LLP.

Jefferies has upgraded Coal India (CIL) to buy following an investors call by the company on Tuesday. The US-based brokerage's optimism stems from the company's focus on volume growth, transformation in its coal evacuation infrastructure and employee reduction cost among other things. The stock was trading at Rs 333.50 on the NSE on Wednesday around 10:40 am, down by Rs 0.70 or 0.21% from the Tuesday closing price. Jefferies said in a note that Coal India's volume growth trajectory has improved and will likely sustain amid India's strong economic growth outlook and rising power consumption.

US Federal Reserve showed that the US central bank would proceed "carefully and only raise interest rates if progress in controlling inflation faltered". Gold eased below the key $2,000 level on Wednesday in international markets. Softer bond yields and the dollar capped the losses for the yellow metal.

₹3,425.00 apiece on the BSE. Titan shares rose today after the company received approval from the Competition Commission of India to purchase an additional stake in its subsidiary CaratLane. On November 21, Titan share price rose over a percent and crossed the market capitalisation of ₹3 lakh crore for the first time.

US Federal Reserve meeting minutes. The dollar index, which measures the greenback against a basket of currencies, was flat at 103.58, near levels last seen in early September but off an overnight session low of 103.17. US Treasury yields slipped overnight to hover around 4.40%.