Posts in category Economic Times
Positive Breakout: These 3 stocks close cross above their 200 DMAs (23-10-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend
Expect a subdued trend in midcaps and smallcaps for some more time: Sampath Reddy (23-10-2024)
The steep growth in earnings is slowing, leading to a subdued market, particularly in midcap and smallcap segments. Valuation premiums are compressing due to weak earnings in most sectors. The market may continue to experience this trend for the next few quarters with potential revival towards the end of the financial year.
ECB policymakers increasingly worried over too-low inflation (23-10-2024)
European Central Bank officials warn that inflation may drop below the 2% target. Despite past high inflation, current economic weakness is a concern. There are expectations of rate cuts ahead. ECB President hopes inflation will meet the target sooner than the 2025 projection.
Tokyo Metro shares jump a third in market debut (23-10-2024)
Shares in Tokyo Metro surged 36% on their Tokyo market debut, following a highly popular initial public offering that raised $2.3 billion. The IPO was oversubscribed by more than 15 times, attracting investors with an appealing dividend yield and additional perks. This marked Japan’s largest IPO since 2018.
PSU Banks positioned for recovery; defence stocks await further correction: Mayuresh Joshi (23-10-2024)
But a large part of the banking universe is well-capitalised. Asset quality pressure is under control. Provisioning has been done adequately onto the balance sheet and therefore, additional stress coming through seems minimal.
Zomato shares in focus after Q2 profit misses estimates (23-10-2024)
Zomato Share Price: Zomato’s second-quarter profit surged 389% YoY to Rs 176 crore, below market estimates. Revenue climbed 68% to Rs 4,799 crore driven by food delivery margins and quick commerce business. Despite improvements, Blinkit’s EBITDA remains negative due to infrastructure investments.
Adani Green Energy shares in focus after company reports 39% YoY jump in Q2 net profit (23-10-2024)
Adani Green Energy Price: Adani Green Energy’s consolidated net profit jumped 39% to Rs 515 crore in Q2 2024, driven by major greenfield capacity additions and robust operational efficiency. Revenue rose 30% to Rs 3,376 crore. The company reduced its net debt-to-EBITDA ratio and reported significant growth in operational capacity and energy sales.