Chakri Lokapriya, Managing Partner at RSB LLP, suggests that the current market downturn presents a buying opportunity in sectors like IT and power infrastructure, which are expected to see earnings growth. He advises caution in the auto sector until there are clearer signs of a demand rebound and recommends considering Swiggy’s IPO due to its attractive valuation compared to Zomato.
Posts in category All News
Stock market update: Sugar stocks up as market falls (05-11-2024)
The 30-share BSE Sensex was down 181.72 points at 78600.52
Boeing Union Approves New Contract, Ending Costly Strike (05-11-2024)
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.
IRCTC Q2 PAT rises 4% YoY to Rs 308 cr; declares interim dividend of Rs 4/- share (05-11-2024)
Indian Railway Catering and Tourism Corporation’s (IRCTC) consolidated net profit rose 4.47% to Rs 307.87 crore in Q2 FY25 as compared with Rs 294.68 crore posted in Q2 FY24.
Sagility India IPO subscribed 7% on Day 1 so far. Check GMP, other details (05-11-2024)
Sagility India’s IPO received a 7% subscription on the first day. Retail investors showed the most interest. The IPO aims to raise Rs 2106 crore. The company provides technology solutions to the US healthcare industry. Analysts have mixed opinions on the IPO due to its high valuation and complete offer-for-sale structure.
Ashok Leyland 0.4% as Sensex (05-11-2024)
The stock traded at a P/E multiple of 25.13, while the price-to-book value ratio stood at 5.58.
NSE delivers strong Q2 performance, revenue and profit jump (05-11-2024)
On a standalone basis, total income increased 35% YoY to Rs 5,297 crore, and net profit surged 64% YoY to Rs 2,954 crore. Operating revenue increased by 19% YoY to Rs 4,042 crore in Q2 FY25. It posted an operating EBITDA margin of 64% for Q2 FY25 compared to 54% in the corresponding quarter last year. The net standalone profit margin stood at 56%.
Sensex falls! But these stocks are up over 10% on BSE (05-11-2024)
In the Nifty 50 index, 24 stocks were trading in the green, while 26 stocks were trading in the red.
Gujarat Themis Biosyn Ltd – Bulk Drugs growth momentum (05-11-2024)
Hi, is there some news or some report today because of which the stock is up 10+%?