Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information.
Posts in category Economic Times
Tata Motors, other auto stocks fall up to 6%. Why the red signal? (29-10-2024)
The Nifty Auto index was down over 2%, with Bajaj Auto and Hero Moto shares falling around 3% each, while Maruti Suzuki and Mahindra & Mahindra were about 2% lower. Analysts expect the auto index could decline by an additional 10-15% from current levels.
India’s shrinking middle-class debate, why is it ruffling feathers? (29-10-2024)
India’s middle class is shrinking due to a slowdown in consumer demand. Major brands like Nestlé report lower growth and high profit margins are under pressure. Urban spending is slowing, and rural demand remains weak. Companies must now adjust strategy to retain market share until economic conditions improve.
Maruti Suzuki Q2 Results: Standalone profit slides 17% YoY to Rs 3,069 crore, misses estimates (29-10-2024)
Maruti Suzuki Q2 Results: The profit figure was below Street estimates of Rs 3,525 crore.
Adani Ports Q2 Results: Profit rises 40% YoY to Rs 2,445 crore (29-10-2024)
Adani Ports reported a 40% year-on-year growth in its consolidated net profit, reaching Rs 2,445 crore for the quarter ended September 2024, compared to Rs 1,748 crore in the same quarter last year.
Is it a temporary cyclical slowdown or is something serious ailing Indian economy? Neelkanth Mishra answers (29-10-2024)
Neelkanth Mishra explains the current state of the Indian economy, suggesting that the worst phase may be over. However, a recovery requires increased fiscal spending and monetary easing. Mishra highlights slow government spending and weak credit as concerns, but notes potential improvements with real estate and power investments. Monetary easing might begin around April.
Canara Bank Q2 Results: Net profit jumps 11% YoY to Rs 4,015 crore (29-10-2024)
Canara Bank Q2 Results FY25: Canara Bank reported an 11% rise in net profit for the September quarter to Rs 4,015 crore. Interest earned and expended both increased. Global business grew by 9.42%.
A Diwali sale for investors: Hiren Ved’s outlook on market corrections and growth potential (29-10-2024)
Hiren Ved, CEO of Alchemy Capital, remains positive on India’s long-term market growth despite current corrections and slow earnings. Highlighting the unique investment opportunities in capital market plays over traditional banks, Ved sees the market correction as a ‘Diwali sale’ chance for investors, amid heavy FII outflows to China and Japan.
IndiGo shares crack 16% in 2 weeks. When will the stock take off? (29-10-2024)
IndiGo shares fell 25% after reporting a surprising Q2 loss of Rs 987 crore. Analysts suggest monitoring the Rs 3,600 level for potential buying opportunities as stability is expected.