In the Nifty pack, 32 stocks closed in the green, while 18 stocks ended in the red.
Posts in category Economic Times
Manappuram Finance, Deepak Nitrite among 5 stocks with long unwinding (18-10-2024)
Long unwinding occurs when traders sell positions or stocks held for a longer period, often to book profit or exit due to anticipated bearishness. Five stocks witnessed long unwinding on Friday.
Cryptocurrency prices on October 18: Bitcoin rises above $67,800; Dogecoin and Shiba Inu jump up to 10% (18-10-2024)
Cryptocurrency markets traded higher on Friday, led by gains in Bitcoin, Dogecoin, Solana, and Shiba Inu. The global cryptocurrency market cap increased by 0.9% to approximately $2.33 trillion in the last 24 hours. The volume of all stablecoins is now $70.39 billion, which is 90.86% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.
Zee Ent Q2 Results: Cons profit surges 70% YoY to Rs 209 crore, beats estimates (18-10-2024)
Zee Entertainment Enterprises saw a 70% year-on-year growth in consolidated net profit to Rs 209 crore for the quarter ended September 2024. Total income fell 19% YoY to Rs 2,034 crore. Domestic advertising revenue declined 9% YoY. Subscription revenues grew 9% YoY. ZEE shares traded 5.5% higher at Rs 132.73 on NSE.
How Waaree Energies is ready to be a composite energy solution company in next 3 years (18-10-2024)
Waaree Energies is expanding its capabilities to meet the increasing demand for solar energy. The company is investing in renewable technologies, storage solutions, battery production, and hydrogen initiatives. These strategic moves position Waaree to tackle upcoming market shifts and international competition effectively. Waaree aims to diversify its products and geographical reach, ensuring sustained growth.
Hyundai GMP indicates 3% loss for IPO investors on listing day (18-10-2024)
Hyundai Motor India’s shares currently trading at a discount to the issue price of Rs 1,960. The grey market premium (GMP) stands at Rs 1,903, reflecting a -3% premium. If trends persist, the stock is likely to debut negatively on October 22. The final share allotment for the IPO will be confirmed today.
Hindustan Zinc Q2 Results: Cons PAT jumps 35% YoY to Rs 2,327 crore, revenue up 21%; interim dividend of Rs 19 per share declared (18-10-2024)
Hindustan Zinc Q2 Results: Vedanta promoted Hindustan Zinc on Friday reported a 35% jump in its September quarter consolidated net profit at Rs 2,327 crore versus Rs 1,729 crore posted by the company in the year ago period.
Nalco, Motilal Oswal among 5 small & midcap stocks that hit 52-week highs on Friday (18-10-2024)
The domestic benchmark indices, Sensex and Nifty 50, rebounded from early losses to trade higher on Friday, driven by gains in Reliance Industries and banking stocks. Additionally, five small and midcap stocks from the Nifty 500 index hit new 52-week highs.
Freshara Agro Exports IPO booked over 21 times so far on Day 2. Check GMP and other details (18-10-2024)
The retail portion of the IPO was subscribed 29 times, while NII investors booked 23 times. The fresh equity issue of 64.99 lakh shares closes on October 21. In the grey market, the company has a GMP of 81% over its issue price of Rs 116 per share.
Motilal Oswal shares rally nearly 40% in a month. What’s next? (18-10-2024)
Motilal Oswal Share Price: Shares of Motilal Oswal Financial Services (MOFSL) have surged 36.7% over the last two weeks and 23% in the past week, reaching an all-time high of Rs 1,002.95. The stock displays a robust uptrend across all time frames, characterized by a series of higher tops and bottoms. Additionally, it has recently regained support from the 20-day and 50-day SMA and has bounced back strongly, signaling a positive trend.