Sagility India’s IPO opens today and closes on November 7. The company aims to raise Rs 2106 crore by offering 70.22 crore shares at a price band of Rs 28-30 per share. Analysts have mixed opinions on the IPO due to its offer-for-sale nature and high valuations. The company’s performance could be influenced by the upcoming US presidential election.
Posts in category Economic Times
Stocks, dollar on tenterhooks with all eyes on US Election Day (05-11-2024)
Global markets held their breath as the United States headed to the polls in a tightly contested presidential election. The outcome remained uncertain, with polls showing Republican Donald Trump and Democrat Kamala Harris in a virtual tie. Investors awaited the results with bated breath, bracing for potential market volatility depending on the winner.
There is scope for the market to correct more before we can start buying: Anand Tandon (05-11-2024)
Indian markets are experiencing a correction after a long period of outperformance. Analyst Anand Tandon believes there is further room for correction before buying opportunities emerge. He suggests financials, particularly banks, as a potential sector for investment due to reasonable valuations. Tandon expresses concern about the impact of the US elections and the long-term outlook for the IT sector.
Market less than 10% down from the top, but Deepak Shenoy has started buying select stocks (05-11-2024)
Deepak Shenoy, Founder of Capital Mind, shares his insights on the current market scenario. He observes that while there has been some FII selling, the market decline is not a major concern. He remains optimistic about specific sectors like defense and manufacturing, while exercising caution in areas like NBFCs and microfinance.
Titan shares in focus ahead of Q2 results today (05-11-2024)
Titan is set to release its July-September 2024 quarter results, with analysts predicting a potential 27% drop in net profit due to inventory losses from customs duty cuts. However, sales are expected to rise by 3%, fueled by a strong 25% growth in the core jewelry segment.
HUL, RailTel among 10 stocks to trade ex-dividend tomorrow. Do you own any? (05-11-2024)
Hindustan Unilever (HUL) and RailTel Corporation, along with eight other companies, have set November 6 as the record date for their recently announced dividends. Investors looking to receive these dividends must own shares by the end of the trading day on November 6.
Crypto firms including Robinhood, Kraken launch global stablecoin network (05-11-2024)
A group of major financial and cryptocurrency companies, including Robinhood and Kraken, have joined forces to launch a new stablecoin called USDG. This initiative aims to boost the global use of stablecoins, which offer a less volatile alternative to traditional cryptocurrencies. USDG will be pegged to the US dollar and managed by a consortium called the Global Dollar Network.
IRCTC shares in focus today as Q2 PAT rises 4% YoY (05-11-2024)
IRCTC reported a 4% rise in Q2 net profit to Rs 308 crore, driven by growth in catering and internet ticketing segments. Despite the profit increase, margins saw a slight dip. The company declared an interim dividend of Rs 4 per share. Following the results, IRCTC shares closed 2% lower on Monday.
Dollar on back foot as Trump trades unwind; Aussie wary before RBA (05-11-2024)
The US dollar is weakening as traders adjust their positions ahead of the US presidential election. Polls suggest a close race, impacting market expectations. The Australian dollar remains near a three-month low, with the Reserve Bank of Australia expected to maintain its current policy. Investors await the outcome of the election and its potential impact on global markets.