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Reuters. Ken Mehlman and Robert Antablin who are the fund's co-heads, in an interview with Reuters said the firm attracted commitments from investors for more than double its first $1.3 billion impact fund raised in 2020.

BJP's defeat in Lok Sabha elections might lead to 25% drop in stock market, says Jefferies Wood is positive about the real estate sector as he pointed out that the property upturn has not waned despite monetary tightening and they have the steam left for the next four to five years. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Also Read: Chris Wood's Greed and Fear explains why PSU banks are outperforming private lenders He said investors should buy both - property and property stocks.

smallcap stocks including Suzlon Energy, Kalyan Jewellers, KEI Industries and the newly-listed JSW Infra can get upgraded to midcap status. Calculations done by Nuvama show that the remaining 10 stocks waiting to enter the midcap universe are Mazagon Dock, Lloyds Metal, SJVN, CreditAccess Grameen, Emami, Exide Industries, Ajanta Pharma, Glenmark Pharma, Nippon Life and Fivestar Business. Suzlon, the stock of which has rallied over 300% in the last 6 months, is also seen entering the MSCI India Standard Index in its quarterly review on 14th November. Stocks which can get downgraded from midcap to smallcap are Rajesh Exports, Aarti Industries, Pfizer, Vinati Organics, Crompton Greaves, Bharat Dynamics, Atul, Navin Fluorine, Whirlpool, Laurus Labs, Sumitomo Chemicals, Aditya Birla Fashion, Bata India and Kajaria Ceramics. The mutual fund body will announce a reshuffle in the first week of January 2024 and will be applicable from February to July 2024. «The change in categorization doesn’t lead to incremental inflows or outflow. The active mutual fund managers keep an eye on the list while taking fresh/modifying positions in stocks in different categories of schemes,» Nuvama said. Stocks which can move from largecap to midcap are, UPL, Adani Wilmar, IRCTC, PI Industries, Bosch, Tube Investments, Hero Motocorp and Samvardhana Motherson. On the other hand, Nuvama sees IRFC, Power Fin Corp, Polycab Macrotech, Shriram Finance, Union Bank, Indian Overseas Bank, REC Ltd and Jio Financial getting largecap status. AMFI categorises stocks on the basis of its 6-month average market capitalisation.

Varun Beverages on Monday reported robust earnings for the quarter ended September, with the consolidated net profit rising nearly 32% year-on-year (YoY) to Rs 501 crore, on the back of strong topline and operational performance. Consolidated revenue, net of excise duty, grew by nearly 22% YoY to Rs 3,871 crore, led by a healthy growth in volumes and realisations. Despite the strong earnings growth, the stock wiped the gains and fell 0.7% to Rs 946.10 due to profit-booking. Ahead of the earnings, the stock had touched a one-month high of Rs 965.70. Consolidated sales volumes grew by 15.4% in the third quarter of the calendar year to 220 million cases, led by a double-digit growth in both Indian and international markets, the company said. Varun Beverages, which is PepsiCo’s second-largest franchisee outside the US, follows the calendar year. Net realization increased by 5.6% to Rs 176.3 per case, driven by an increase in realization per case primarily in the international markets. Operating profit, calculated as earnings before interest, taxes, depreciation, and amortisation (EBITDA), increased by 26% on year to Rs 882 crore. Gross margins improved by 163 bps to 55.3% in the quarter, primarily due to the softening of PET chip prices.

action-thriller is among the biggest grossers at both the Indian and Kollywood Box Office with its worldwide collection totalling ₹566.9 crore on Day 18. According to industry tracker Sacnilk, the film raked in ₹328.45 crore net in India as one of the biggest Tamil hits of the year having an overall Tamil occupancy of 31.17% in theatres on November 5. Leo raked in ₹4.45 crore on the eighteenth day of its release, according to Sacnilk estimates.

Bharat Forge share price spiked 4% on Monday after the company announced strong September quarter results. Bharat Forge shares jumped as much as 4% to ₹1,071.85 apiece on the BSE.

US Federal Reserve is likely done hiking interest rates in the current cycle. The local unit opened at 83.13 a dollar as compared to Friday’s close of 83.29. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03% higher at 105.05.

₹57 to ₹60 per equity share of face value of ₹10. ESAF Small Finance Bank lot size is 250 equity shares and in multiples of 250 equity shares thereafter. "Exciting news! Mint is now on WhatsApp Channels

Zomato share price jumped nearly 5% to touch a 52-week high on Monday's trade after food delivery aggregator platform's Q2 results surpassed street's expectations on all the fronts. The brokerages noted that following two quarters of tapering growth, the food delivery company had a resurgence in growth.

₹19,500-18,800 with a negative bias. As the market outlook for the near term is uncertain, experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The financial affiliate of e-commerce giant Alibaba Group in September unveiled a finance-specific AI model and started testing consumer and professional apps for the products.

FSN E-Commerce Ventures, the operator of omnichannel beauty and fashion retailer Nykaa, will today announce its financial results for the quarter ended September 2023. Nykaa is expected to report strong earnings growth in the second quarter of FY24 with net profit more than doubling on an year-on-year basis, while revenue seeing a decent rise driven by uptick in the beauty and personal care (BPC) segment. However, with the festive season completely in the third quarter this year compared to partly in Q2 last year, the growth in Nykaa’s BPC segment would be limited, analysts said.

The stock, which has advanced 13% in the last six months, is still trading around 34% below its 52-week high level of Rs 224.65. In Q2, the new-age company is expected to report a double-digit year-on-year (YoY) growth in revenue for the September quarter, driven primarily by the beauty and personal care and fashion segments, which are seen growing 21-31%. Nuvama Institutional Equities expects overall gross merchandise value growth of 25% YoY for the Nykaa brand owner. The industry estimates indicated slightly subdued discretionary consumption, primarily on account of a delayed festive season, but Nykaa on the contrary, has witnessed a strong quarter across all verticals, analysts said. Kotak Institutional Equities expects an improvement in the operating margin to 5.9% (up 90/70 bps yoy/qoq), driven by positive operating leverage. After having faced investor wrath in 2022, most new-age companies are seeing a turnaround in 2023 with the likes of Zomato and Paytm leading the way. Zomato, whose shares have already crossed past the listing price of Rs 115, surprised Street by reporting food delivery GOV growth at 20/9% YoY/QoQ. «Unit economics to steadily improve with scale as Zomato unlocks cost efficiencies and as customer willingness to pay for convenience increases. We value Zomato's delivery business at an exit multiple of 52x Sep'25E Ebitda and quick commerce at 9x Sep'25E Sales, to arrive at a price target of Rs165,» Jefferies said. (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Zerodha, which lost its No.1 status to rival Groww last month, on Monday reported another technical glitch. On its trading platform Kite, traders said the pages displaying their order book as well as positions was blank. «Due to an intermittent issue, some of our users are not able to see executed orders in the orderbook.

₹829 per share, 27.9% higher than the issue price of ₹648, and on the BSE, Cello World share price today was listed at ₹831. Cello World IPO opened for subscription on Monday, October 30 and closed on Wednesday, November 1.

₹88.90 apiece on the NSE SME, a premium of 27% from its issue price of ₹70 per share. Transteel Seating Technologies IPO opened for public subscription on October 30 and closed on November 1. The IPO share allotment was finalised on November 3.

₹apiece on the BSE. India’s largest commercial bank, SBI reported an 8% year-on-year jump in its net profit for the second quarter of FY24 at ₹14,330 crore from ₹13,264.5 crore in the corresponding quarter of last fiscal. SBI’s net interest income (NII) in Q2FY24 rose 12.3% to ₹39,500 crore from ₹35,183.4 crore in the year-ago quarter.

PTI. On November 1, a mob attacked a Manipur Rifles camp to loot its armoury, prompting security personnel to fire several rounds in air. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The notice further stressed the existence of "elements of imminent danger of loss of life and/or damage to public-private property...as a result of inflammatory material and false rumours which might be transmitted/ circulated to the public through social media...in the context of the recent incidents of violence in some parts of the state".

Economic Times. The billionaire Gautam Adani-led group holds 43.97% stake in Adani Wilmar, the company which sells a range of edible oils and food products under Fortune brand.

The S&P BSE Sensex rose nearly 300 points while the Nifty50 closed above 19200 levels. Sectorally, buying was seen in realty, consumer durables, oil & gas, and public sector stocks. India VIX was down by 1.78% from 11.07 to 10.88 levels on Friday. Volatility has been cooling off from the last two sessions and aided in support-based buying in the indices. On the weekly options front, the maximum Call OI is placed at 19300 and then towards 19500 strikes while the maximum Put OI is placed at 19200 and then towards 19000 strikes. Call writing is seen at 19300 and then towards 19400 strikes while Put writing is seen at 19200 and then towards 19150 strikes. “Options data suggests a broader trading range in between 18500 to 19600 zones while an immediate trading range in between 19000 to 19400 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bullish candle and an Inside Bar on the weekly frame on Friday but has been forming lower highs for the last two weeks,” he said. “Now the index has to hold above 19200 zones, for an up move towards 19350 then 19442 zones whereas supports are placed at 19150 then 19000 zones,” recommended Taparia. We have collated a list of stocks from various experts for traders who have a short-term trading horizon: Expert: Parag Shah, Technical Analyst – Research, Nuvama Professional Client Group Research told ETBureau Muthoot Finance: Buy| Target Rs 1415| Stop Loss Rs 1285 Godrej Properties: Buy| Target Rs 1920| Stop Loss Rs 1730 (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic

SBI and upgraded Zomato to buy post Q2 results. CLSA also upgraded Titan Company to buy and BofA Securities recommended a buy on InterGlobe Aviation. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on SBI: Buy| Target Rs 700 CLSA maintained a buy rating on SBI with a target price of Rs 700.