On November 11, five stocks saw short covering, with decreasing open interest and slight price gains: Persistent Systems, IndiGo, Birlasoft, Container Corporation of India, and BHEL.
Posts in category Economic Times
RBI issues framework for reclassification of FPI to FDI (11-11-2024)
Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach.
KPI Green Energy to consider bonus issue, stock split on November 14 (11-11-2024)
KPI Green Energy’s board will meet on November 14 to consider a bonus share issue and an increase in authorized share capital. This will be the company’s second bonus share issue in 2024. The company had previously split its shares in July 2024.
Demat accounts reach 17.9 crore in October, new additions decline to 35 lakh: Motilal Oswal (11-11-2024)
The total number of demat accounts reached 17.9 crore in October 2024, with a monthly addition of 35 lakh. CDSL gained market share, while NSDL lost share. Zerodha, Groww, Angel One, and Upstox remain the top discount brokers. ICICI Securities, Kotak Securities, and HDFC Securities lead the traditional brokers.
Devyani International Q2 results: Co. slips into red with Rs 5 crore loss; revenue jumps 49% YoY (11-11-2024)
Devyani International reported a net loss of Rs 4.92 crore in Q2FY25, despite a 49% YoY revenue growth to Rs 1,222 crore. EBITDA margin declined to 16.3% from 18.3%. The company added 85 new stores and secured exclusive master franchise rights for three modern QSR brands: TeaLive, New York Fries, and Sanook Kitchen.
Is the Indian stock market overheated? What the CAPE ratio tells us (11-11-2024)
The CAPE ratio suggests Indian stocks are overvalued, but India’s economic growth and increased foreign interest justify this to some extent. However, the CAPE ratio’s limitations, including its reliance on historical data and its inability to account for changes in market composition, should be considered. While a market correction is possible, long-term investors should focus on quality stocks and maintain a balanced, informed perspective.
BEML Q2 Results: Co reports marginal YoY decline in PAT, revenue falls 57% (11-11-2024)
BEML, the Miniratna company, reported a marginal 0.75% decline in its profit after tax (PAT) for Q2 FY2024, totaling Rs 51.03 crore, compared to Rs 51.78 crore in the same quarter last year. The company’s revenue from operations fell by 57% YoY.
European shares open higher at start of data-packed week (11-11-2024)
Later this week, inflation readings across Europe, U.S. and a preliminary reading of euro zone third quarter GDP would remain in focus.
Info Edge shares rally 6% even as PAT slides 59% YoY to Rs 86 crore. Brokerages remain positive (11-11-2024)
Revenue from operations recorded 11% growth at Rs 656 crore for the quarter under review as against Rs 593 crore in the corresponding quarter of the previous fiscal.
Mohit Khanna on 3 sectors which are poised for growth in near term (11-11-2024)
Metals is one space where we are finding stories with margin expansion and volume growth at the same time. Fmcg is again one area for us which is turning out to be very interesting.