Government decides to use the greenshoe option in Cochin Shipyard OFS after receiving Rs 1,984 crore in bids from institutional investors. Retail buyers can bid on Thursday. Cochin Shipyard shares fell 5% to Rs 1,588.35. The government’s planned stake sale is set at Rs 1,540 per share, potentially fetching over Rs 1,980 crore.
Posts in category Economic Times
Stock to Watch: Cochin Shipyard shares in focus as OFS opens today for retail investors (17-10-2024)
Stock to Watch: Axis Bank shares in focus ahead of Q2 results (17-10-2024)
Axis Bank’s shares will be in focus as the private lender reports its September 2024 quarter results, expected to show an 8% rise in net profit year-on-year. Despite recent underperformance, NII is estimated to grow by 10%, supported by lower sequential slippages.
These 3 stocks showing RSI Trending Up on October 16 (17-10-2024)
This can indicate potential upward movement and may be used by traders to identify buying opportunities.
We are in uncharted territory as too much fresh funds are coming in: Dipan Mehta (17-10-2024)
Dipan Mehta highlights the unprecedented liquidity in markets from tier II and III cities and its unpredictable outcomes. He expresses concerns over PVR-Inox due to OTT competition and sees potential in banking stocks like Bandhan Bank and IDFC First Bank. Challenges in the capital goods sector due to high PE multiples and execution issues are also noted.
Bullish Momentum: 5 stocks with White Marubozu Pattern on October 16 (17-10-2024)
Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.
Stock to Watch: Bajaj Auto shares in focus on 9% YoY PAT jump (17-10-2024)
Bajaj Auto Share Price: Shares of Bajaj Auto are expected to be in focus due to the company’s Q2FY25 earnings results. The company reported a standalone net profit of Rs 2,005 crore, up 9% year-on-year. Revenue from operations rose 22% to Rs 13,127 crore. Both profit and revenue figures were slightly below market estimates. The company saw a 22% increase in domestic volumes.
Stock to Watch: RIL shares in focus as co sets October 28 as record date for 1:1 bonus share (17-10-2024)
RIL Share Price: Reliance Industries will issue 1:1 bonus shares to shareholders, with October 28, 2024, as the record date. Shareholders approved the bonus issue and an increase in authorised share capital. The authorised share capital will rise from Rs 15,000 crore to Rs 50,000 crore. Reliance shares increased by 0.79% on Wednesday.
Stock to Watch: Infosys shares in focus ahead of Q2 earnings (17-10-2024)
Infosys Share Price: Infosys, India’s second largest software exporter, will announce its earnings for the September 2024 quarter today. Analysts expect healthy numbers with a 5% rise in net sales year-on-year and an 11% increase in profit after tax. Investor focus will be on discretionary spending, deal pipelines, and senior management attrition.
Positive Breakout: These 3 stocks close cross above their 200 DMAs (17-10-2024)
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock