The Relative Strength Index of the stock stood at 56.13 on Friday.
Posts in category Economic Times
Va Tech Wabag, Nazara among 10 smallcaps that MFs bought & sold in September (18-10-2024)
In September, mutual funds actively restructured their smallcap portfolios, significantly increasing shares in companies like Max Estates, Route Mobile, and Medi Assist Health, while reducing holdings in Nazara Technologies and Va Tech Wabag, according to Nuvama Institutional Equities reports
Infosys shares drop 4% as Q2 results disappoint D-St. Should you buy, sell or hold? (18-10-2024)
Infosys share Price: Infosys shares dropped 4% after its revenue forecasts missed expectations, despite a 5% YoY growth in net profit and revenues. Brokerages continue to show varied support, with Nomura, Bernstein, Motilal Oswal, and Nuvama maintaining buy ratings, while Investec retains a sell rating.
Stock market update: FMCG stocks down as market falls (18-10-2024)
The 30-share BSE Sensex was down 468.92 points at 80537.69
Gold Price Today: Gold opens above Rs 77,500/10 gm, while silver trades flat (18-10-2024)
Gold December futures at MCX opened flat at Rs 77,565 per 10 gram after making new highs for three sessions. Silver December futures were up at Rs 92,573/kg. Gold and silver prices remain influenced by U.S. economic data and geopolitical tensions in the Middle East, with forecasted volatility.
Tech Mahindra Q2 results preview: One-time gain may drive PAT higher by 100%; revenue growth muted (18-10-2024)
Tech Mahindra’s Q2 revenue growth is expected to be muted with only a 2% year-on-year rise. However, a one-time gain from a land sale is anticipated to double net profit. Margins are forecasted to improve slightly due to cost-control measures.
Add Havells India, target price Rs 2,000: HDFC Securities (18-10-2024)
HDFC Securities recommends Havells India with a target price of Rs 2,000, reflecting confidence in its future performance. Havells India operates in the Consumer Durables sector and has shown financial growth. Key reasons include a diverse product portfolio, strong market presence, and innovation focus. Its recent financials show a rise in income and profitability.
HDFC Bank Q2 results preview: PAT may rise 2% YoY; margins to be stable (18-10-2024)
HDFC Bank’s net profit for the September quarter is anticipated to rise by 2% year-on-year. Net interest income may jump 11%. Investors will watch the management’s comments on deposit growth and credit progression. The bank’s gross advances and CASA deposits saw moderate growth in the same period.
Zee Entertainment Enterprises to announce Q2FY25 earnings today. Here’s what to expect (18-10-2024)
Zee Entertainment Enterprises (ZEEL) is set to announce its Q2FY25 earnings, with expected revenue at Rs 2,059 crore, marking a 16% YoY decline. Core net profit is anticipated at Rs 153 crore, an 18% increase YoY. EBITDA is projected to decline by 21% YoY to Rs 264 crore.
Sensex’s 12% YTD returns trail Gold’s 21% uptick. Will yellow metal’s 2024 outperformance continue? (18-10-2024)
Indian equity markets consolidate as Sensex dips by 4% in October due to valuation concerns and a subdued Q2 earnings season. Meanwhile, gold and silver outperformed, fueled by geopolitical tensions and expected US rate cuts. Experts suggest sector-specific opportunities amid cautious outlook.