Benchmark equity indices opened slightly lower due to declines in Reliance Industries, financial, and IT stocks. Continued FPI outflows, reaching around $11 billion in monthly sales, and weak quarterly earnings have affected market sentiment.
Posts in category Economic Times
Buy Maruti Suzuki., target price Rs 14,300: HDFC Securities (31-10-2024)
HDFC Securities gave a buy recommendation on Maruti Suzuki India with a target of Rs 14,300. Maruti’s Q2FY25 Adjusted PAT surpassed expectations due to forex gains. Despite challenges in entry-level car demand, SUVs drive growth. The company remains a market leader in UVs. Promoters held 58.19% stake as of September 2024.
3 stocks closed crossing above VWAP on October 30 (31-10-2024)
On October 30, three stocks with market caps over Rs 10,000 crore closed above VWAP, indicating potential bullish trends.
Bullish Momentum: 3 stocks with White Marubozu Pattern on October 30 (31-10-2024)
Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.
Bought Swiggy shares over Rs 500 prior to IPO? Here’s what you can do (31-10-2024)
As Swiggy prepares for its IPO with a price cap of Rs 390 per share, early investors who bought shares at Rs 530 may face challenges due to a six-month lock-in period and a lower company valuation of $11.3 billion, reflecting market cautiousness.
Buy Arvind SmartSpaces, target price Rs 1,085: Axis Securities (31-10-2024)
Axis Securities recommends buying Arvind SmartSpaces with a target price of Rs 1,085. Current price is Rs 923.15. The company, a smallcap in real estate, reported strong income growth and net profit in the latest quarter. It aims for 30-35% growth in pre-sales and plans geographical expansion. Promoter stake is 50.17%.
HDFC Bank’s arm HDB Financial files papers for Rs 12,500 crore IPO (31-10-2024)
India’s HDB Financial Services, a non-banking lending unit of HDFC Bank, files for an IPO worth Rs 12,500 crore, with HDFC Bank selling shares worth up to Rs 10,000 crore. The proceeds are earmarked for capital requirements including onward lending, fulfilling regulatory requirements for listing NBFCs by September 2025.
Acme Solar Holdings fixes price band at Rs 275-289 for Rs 2,900 crore IPO. Check details (31-10-2024)
Acme Solar Holdings has announced a price band of Rs 275-389 for its upcoming initial public offering (IPO), set to open for public subscription on Tuesday, November 5, and remain available until November 8. Investors can bid for a minimum of 51 shares, with additional bids required in multiples of 51.
ETMarkets PMS Talk: We are bullish on India macro; October correction likely to offer better opportunities to investors: Amit Goel (31-10-2024)
I must also acknowledge the market sentiment, which peaked by the end of September. A few factors aligned in our favor, and being fully invested at the time worked to our advantage.
Fund Manager Talk | Market likely to be volatile, time to seek safety cushion: Jitendra Arora (31-10-2024)
As a life insurance company managing the life savings of customers we have a long-term investment approach. We believe the long-term prospects of the Indian equity markets are positive.