Indian indices reversed gains, closing lower due to declines in banking, financial, and auto stocks, amid weak earnings and foreign outflows. Nifty 50 dropped 1.07%, Sensex fell 1.03%.
Posts in category Economic Times
Rising competition, price hikes & declining volumes? Amit Syngle on what Asian Paints will do going ahead (12-11-2024)
Asian Paints faced a challenging second quarter with muted demand due to uneven rainfall and a slowdown in metro cities. Despite price hikes, competitive intensity remains high. The company is cautiously optimistic about single-digit volume growth in the coming quarter while closely observing AkzoNobel’s strategic review of its India business.
NTPC Green seeks $12 billion valuation for its IPO (12-11-2024)
NTPC Green Energy Ltd. aims for a $12 billion valuation in what could be one of India’s largest renewable energy IPOs. The share sale, potentially raising Rs 10,000 crore, is expected to open on Nov. 18 and close on Nov. 21.
Sebi gives nod to Inventurus and Manjushree Technopack to float IPOs (12-11-2024)
After refiling their IPO documents in August, the companies gained regulatory approval between November 4 and 8. Their shares will be listed on the BSE and NSE
Novelis IPO to be taken up once conditions are right for premium valuation, says Hindalco MD Satish Pai (12-11-2024)
Hindalco Industries will delay the IPO of its US subsidiary Novelis until market conditions improve and performance meets expectations for premium valuations. The company also plans $4-5 billion in capital expenditure for Indian upstream projects over the next three years.
B L Kashyap & Sons Limited Q2 Results: Profit reported at Rs 10 crore, revenue Rs 275 crore (12-11-2024)
B L Kashyap & Sons reported Q2FY25 revenue of Rs 275.67 crore and net profit of Rs 10.87 crore. The company plans to expand its order book to Rs 3,500-4,000 crore by April 2025, focusing on high-margin projects in key sectors.
Nisus Finance Services secures BSE approval to launch IPO (12-11-2024)
Nisus Finance Services has received Bombay Stock Exchange approval for its IPO, offering 65 lakh equity shares. Proceeds will enhance infrastructure, obtain licenses, fund expansion in global hubs, and support general corporate purposes and fundraising costs.
5 stocks surge over 10% for 4 consecutive months, turning into multibaggers (12-11-2024)
Notably, four of these stocks have doubled investors’ wealth over the past four months. The analysis targeted stocks with a market capitalization exceeding Rs 1,000 crore and strong trading volumes.
Beyond Bitcoin! 10 cryptocurrencies surged up to 200% since Trump won (12-11-2024)
Since Trump’s 2024 election win, altcoins like Cronos (+200%), Dogecoin (+175%), and Neiro (+134%) have surged, reflecting significant growth in the crypto market.
Small-cap stocks – torchbearers of growth in the coming times (12-11-2024)
Despite a recent downturn and concerns about valuations in the small-cap market, high-growth potential in this sector makes it a fertile ground for substantial wealth creation. A five-year analysis of profit growth across various market caps confirms that small-cap companies consistently demonstrate the most significant growth.