Posts in category Economic Times
Share price of Indian Oil Corp. rises as Nifty strengthens (18-10-2024)
A total of 274,428 shares changed hands on the counter till 12:58PM (IST).
Moody’s assigns first-time Baa3 ratings to Bajaj Finance (18-10-2024)
Moody’s assigned Bajaj Finance Ltd a Baa3 investment-grade rating, citing its strong franchise, diversified loans, risk management, and market share growth, with assets under management of Rs 3.5 trillion.
IGL, MGL shares nosedive up to 15% after APM gas allocation cut (18-10-2024)
Shares of city gas distribution (CGD) companies, including Indraprastha Gas and Mahanagar Gas, experienced significant declines of up to 15% after the government announced a reduction in priority gas allocations to these firms. Mahanagar Gas Ltd (MGL) saw its shares drop by 14.5%, reaching a low of Rs 1,503.80, while Indraprastha Gas Ltd (IGL) fell 13% to Rs 439.40 on the BSE.
Share price of BEL jumps as Sensex gains 254.75 points (18-10-2024)
Promoters held 51.14 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 17.27 per cent and 15.81 per cent, respectively.
Max Healthcare shares down 0.17% as Nifty gains (18-10-2024)
The stock quoted a 52-week high price of Rs 1117.05 and low of Rs 538.95.
Maintaining a target of 27,500 for Nifty, 15-16% CAGR earnings growth for next 2 years: Pankaj Pandey (18-10-2024)
Pankaj Pandey of ICICIdirect notes Nifty’s expected growth amid market corrections, projecting 15-16% CAGR in earnings. Despite a soft first half and mixed sector performance, optimism remains for the second half. IT sectors show no fireworks, with auto companies facing valuation challenges. Hyundai IPO’s lukewarm reception is attributed to high valuation and a large offering size.
DLF rises 1.39% as Sensex climbs (18-10-2024)
The stock traded at a P/E multiple of 75.91, while the price-to-book value ratio stood at 5.64.
Share price of ACC jumps as Sensex gains 246.75 points (18-10-2024)
Promoters held 50.05 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 5.51 per cent and 15.35 per cent, respectively.
ITC, Persistent Systems among 5 stocks with short buildup (18-10-2024)
This suggests that more traders anticipate a price drop and are building short positions.