The Nifty index is receiving interim support, though its continued stability will hinge on the full Q2 results and indications of a recovery in demand & profitability in the third/fourth quarters.
Posts in category Economic Times
Freshara Agro Exports shares to list today. Here’s what to expect (24-10-2024)
Freshara Agro Exports will debut its shares on the NSE SME platform on Thursday. Ahead of the listing, the shares traded at a grey market premium (GMP) of Rs 80. With an upper price band of Rs 116, the stock is anticipated to list at a 69% premium over the issue price.
Adani Power shares in spotlight as board mulls Rs 5,000 crore fundraise (24-10-2024)
Adani Power shares will be in focus today after the company announced that its board will consider raising Rs 5,000 crore through NCDs at its upcoming meeting. The company will also declare its September quarter results during the board meeting.
Buy Ambuja Cements, target price Rs 750: Motilal Oswal Financial Services (24-10-2024)
Motilal Oswal Financial Services recommends buying Ambuja Cements with a target price of Rs 750. The current price is Rs 555.45. Ambuja Cements reported a net profit of Rs 786.24 crore for the quarter ended June 2024. The company is focusing on cost reduction and expansion plans to drive future growth and profitability.
Usha Financial Services IPO opens today: Check issue size, GMP, price band and other details (24-10-2024)
The SME IPO of Usha Financial Services will open for subscription on Thursday and close on October 28. The company aims to raise ₹98 crore through this IPO and plans to list its shares on the NSE SME platform.
Deepak Builders and Engineers IPO allotment likely today. Check status, GMP, listing date and other details (24-10-2024)
The share allotment for the Deepak Builders & Engineers IPO is expected to be finalized today, with shares allocated on a lottery basis under the registrar’s supervision. Investors will find out how many shares they received compared to their bids.
Go overweight on pharma; buy midcap IT basket, tier II PSU banks now: Dipan Mehta (24-10-2024)
Pharma stocks are currently seen as a strong investment due to robust earnings potential. Midcap IT stocks are outperforming their largecap counterparts. L&T’s entry into the power equipment sector might increase competition. FMCG sector growth appears slow, but niche categories may offer opportunities. Tier II PSU banks are also showing potential despite higher valuations.
Indian bond ETFs to draw billions as Amundi to BlackRock join race (24-10-2024)
Major asset management firms like BlackRock, Amundi, and Janus Henderson’s Tabula have launched new ETFs focused on Indian debt following JPMorgan’s inclusion of Indian bonds in its emerging-market index. This is expected to attract $5 to $10 billion, with professionals driving initial interest.