While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation.
Posts in category Economic Times
Nestle India, Gujarat Gas among 5 stocks with short buildup (20-10-2024)
A short buildup signifies rising open interest and trading volumes alongside falling stock prices, suggesting traders anticipate declines. Last Friday, five stocks experienced the establishment of fresh short positions.
Market Trading Guide: Paradeep Phosphates, 1 more smallcap are stock recommendations for Monday (20-10-2024)
Indian indices rebounded as private banks led a recovery, breaking a three-session losing streak. Experts suggest buying Paradeep Phosphates and Vishnu Prakash R Punglia for potential gains.
Diwali picks: Top 5 stocks with up to 105% upside potential in Samvat 2081 (20-10-2024)
Wellworth Share & Stock Broking recommends five stocks with significant upside potential for the new Samvat year. Lyka Labs and Emmbi Industries lead with projected gains of up to 105% and 104% respectively, followed by TajGVK Hotels, Prime Focus, and Varroc Engineering.
HDFC profit rises 5.3%, beats street (20-10-2024)
HDFC Bank surpasses expectations with a 5.3% rise in net profit to ₹16,821 crore for the September quarter, aided by an increase in net interest income. The bank focuses on reducing borrowings, controlling unsecured loans, and improving credit-deposit ratio, and witnessed a decline in provisions and slippages.
Tech Mahindra Q2 net profit up 153% YoY to Rs 1,250 cr (20-10-2024)
Tech Mahindra’s net profit increased 46.8% to ₹1,250 crore in the fiscal second quarter, driven by improved margins and a one-time land sale gain. Revenue rose 2.4% sequentially to ₹13,313 crore. The company’s total contract value surged to $603 million, and it hired 6,653 employees, with a focus on operational excellence through Project Fortius.
Hyundai listing, Q2 results among 8 factors to drive stock market this week (20-10-2024)
Nifty declined 0.44% this week, influenced by auto, metal, and IT stocks. Key upcoming factors include FII flows, IPO activity, Q2 results, and global market trends
Deepak Builders and Engineers IPO opens on Monday, GMP at 23%. Check details (20-10-2024)
Deepak Builders and Engineers’ IPO opens October 21, with a 23% grey market premium. The price band is set at Rs 192-203, targeting funds for working capital and debt repayment
These 8 penny stocks surge 15-30% in a week (20-10-2024)
Despite a 0.19% weekly decline in the Sensex, eight penny stocks surged by 15% to 30% by October 18. Sharpline Broadcast led with a 33% gain, followed by India Steel Works at 32%. Selections included stocks under Rs 20 with market caps below Rs 1000 crore.