Asian Paints Q2 Results: Asian Paints reported a profit below the ET Now poll estimate of Rs 1,079 crore. In Q2, the company saw a 5.3% decline in consolidated net sales, down to Rs 8,003 crore from Rs 8,451.9 crore in the same quarter of FY24. An interim dividend of Rs 4.25 for FY25 was also announced, with the record date set for November 19 and payment to shareholders scheduled on or after November 28, 2024.
Posts in category Economic Times
Information versus Insight: Shaping fund analysis and market dynamics (09-11-2024)
As the gap between information and true insight widens, stock market swings will become increasingly intense, with each peak fueled by growing fervor. Enthusiasm will build as more voices join in, until, abruptly, the momentum fades—leaving many holding the ball in sudden silence.
Concurrent Gainers: 8 smallcap stocks that gained for 5 days in a row (09-11-2024)
Despite the modest weekly decline, ETMarkets identified eight BSE Smallcap stocks that posted steady price gains throughout the same period.
Action Construction Equipment Q2 Results: PAT grows 28% YoY to Rs 95 crore (09-11-2024)
Action Construction Equipment saw a profit jump of 28% in the recent quarter. The company’s income also increased, reaching Rs 790.90 crore. Sales of cranes and construction equipment were strong. The company sold 2,863 units, a 9% increase from the previous year. Action Construction Equipment is positive about future growth opportunities.
Non-stop selling! FII exodus crosses Rs 20,000 crore in first week of November (09-11-2024)
Up to Thursday, FIIs had net sold Rs 19,994 crore, per NSDL data, with another Rs 3,404 crore offloaded on Friday. Initially driven by a ‘Buy China, Sell India’ trend due to attractive Chinese stimulus measures, the FII sell-off intensified as weak Q2 earnings struggled to justify high valuations on Dalal Street.
These 5 smallcap stocks witnessed a rise in prices with volumes in 3 days (09-11-2024)
ETMarkets’ analysis of BSE Smallcap stocks reveals that from November 6 to 8, five stocks consistently saw increases in price, trading volume, and delivery volume, indicating growing investor interest.
Weakness continues in crude oil prices. Key factors to watch out for (09-11-2024)
Since mid-2022, oil has traded within a narrow range of $65 to $97 per barrel, primarily due to concerns of supply surpassing demand. In April 2023, OPEC+ responded by announcing production cuts to curb excess supply and stabilize prices, with further extensions to these cuts continuing since then.
US elections: How structural economic and geopolitical shifts can impact investors (09-11-2024)
Emerging markets might face some turbulence from trade adjustments, yet foreign institutional investors (FIIs) could see this volatility as an opportunity, focusing on companies that are either resilient to or benefit from shifts in global trade dynamics.
Trump’s Victory: What it means for India’s markets and key sectors (09-11-2024)
Trump’s past presidency emphasized policies supporting domestic business growth, and a similar focus this term could include corporate tax cuts and a protectionist trade stance. These measures may strengthen the dollar against emerging market currencies, impacting economies like India. For India, a stronger dollar could lead to more expensive imports, adding inflationary pressures.
Crypto pins hopes on reshaped SEC for deal revival under Trump (09-11-2024)
Following Trump’s decisive win, several mergers advisers and venture capitalists told Bloomberg they anticipate a sharp increase in activity next year. They expect Trump to replace SEC Chair Gary Gensler, who has led a prolonged industry crackdown, and to enact more favorable legislation.