Britannia, BEL, Asian Paints, NTPC and Bajaj Auto were among the top losers on NSE.
Posts in category Economic Times
Stock market update: Nifty Pharma index 0.61% in an upbeat market (12-11-2024)
The Nifty Pharma index was trading 0.61 per cent at 22480.60.
NMDC shares slip 4% even as co announces 2:1 bonus issue, reports 23% YoY jump in PAT (12-11-2024)
NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.
Rupee falls 2 paise to all-time low of 84.40 against US dollar in early trade (12-11-2024)
The Indian Rupee hit a new all-time low of 84.40 against the US dollar due to foreign fund outflows and a strong US currency. Despite the RBI’s efforts to stabilize the rupee, factors like weak Q2 earnings and overvalued Indian stocks have led to significant foreign investment withdrawals.
Add Hindalco Industries, target price Rs 790: ICICI Securities (12-11-2024)
ICICI Securities has downgraded its rating for Hindalco Industries to ‘add’ from ‘buy’, lowering the target price to Rs 790 from Rs 830. Despite a positive long-term outlook, short-term profitability concerns arise from volatile scrap prices. Although Hindalco is implementing mitigation strategies, ICICI Securities has adjusted EBITDA projections downwards for FY25 and FY26.
UBS recommends caution on mid & small cap stocks; remains underweight on India (12-11-2024)
UBS advises caution for mid and small-cap stocks in the Indian market due to high valuations, despite recent corrections. While bullish on Utilities and Industrials, they remain cautious on Autos, Consumer Discretionary, and selective Financials and Pharma stocks. India’s rich valuations compared to other emerging markets lead UBS to maintain an underweight stance on Indian equities in the near term.
These 4 F&O stocks saw a high increase in futures open interest (12-11-2024)
Futures open interest surged for Aarti Industries, Asian Paints, Jubilant FoodWorks, and Deepak Nitrite on November 11, indicating increased market participation and expanded positions in these stocks.
ONGC shares jump over 2% after Q2 PAT surges 17% YoY to Rs 11,984 crore (12-11-2024)
ONGC shares rose 2.3% after reporting a 17% YoY profit rise to Rs 11,984 crore, driven by lower levies, despite a fall in revenue and oil prices.
Can Bitcoin surpass the $100K mark in 2024? (12-11-2024)
Bitcoin has been soaring to new all-time highs, fueled by Trump’s election victory and growing investor confidence. Strong ETF inflows, increasing retail participation, and positive technical indicators suggest the rally could continue, potentially pushing Bitcoin to $100,000 by year-end. However, investors are advised to remain cautious and stay informed about potential market risks.
Jubilant FoodWorks shares zoom nearly 7% even as Q2 PAT falls 31% YoY (12-11-2024)
Jubilant FoodWorks Share Price: Jubilant FoodWorks witnessed a surge in its shares despite a 31.5% YoY decline in profit, posting a PAT of Rs 66.53 crore. This growth was fueled by a 43% YoY increase in revenue, reaching Rs 1,954.70 crore. The company’s strategic initiatives, including new store openings and a focus on delivery services, contributed to its positive performance despite market challenges.