The Nifty Realty index was trading 0.35 per cent down at 1053.7.
Posts in category Economic Times
RIL shares: Weak Q2 results make Motilal cut target price. Here’s what others said (15-10-2024)
Reliance Industries shares fell about 1% following weak Q2 results. The 5% decline in net profit led Motilal Oswal to reduce the target price to Rs 3,255. Other brokerages like Jefferies, CLSA, and Nomura also commented on the results. Future triggers include new energy operations by March 2025 and potential listings of Jio and Retail businesses.
Pidilite Ind stock price up 1.19 per cent as Sensex slides (15-10-2024)
As of 30-Jun-2024, promoters held 68.58 per cent stake in the company, while FIIs held 11.58 per cent and domestic institutional investors had 3.55 per cent.
Stock market update: Nifty IT index falls 0.02% in a weak market (15-10-2024)
The Nifty IT index was trading 0.02 per cent down at 42862.35.
Tata Power shares gain 1.34% as Sensex falls (15-10-2024)
A total of 340,569 shares changed hands on the counter till 10:04AM (IST)
HCL Tech shares jump 1% as Q2 profit jumps 10.5% YoY. Brokerage firms raise target prices (15-10-2024)
HCL Technologies shares climb 1.3% after reporting a 10.5% increase in Q2 net profit to Rs 4,235 crore, with revenue up by 8.2% to Rs 28,862 crore. Brokerages raise target prices, expecting sustained growth driven by solid deal pipelines and strategic focus on Data & AI, Digital Engineering, and SAP migration.
Share market update: Most active stocks of the day in terms of total traded value (15-10-2024)
The NSE Nifty index was trading 74.55 points down at 25053.4
Hyundai IPO valuation: How it stacks against rivals Maruti Suzuki, M&M and Tata Motors (15-10-2024)
Hyundai Motor India will launch a Rs 27,870 crore IPO, expected to trade at 26X FY2024 earnings. Brokers have mixed views on its valuation. Some see it as high with limited short-term gains, while others find it fair compared to rivals Maruti Suzuki and Tata Motors. The listing is on October 22.
Indian Oil Corp. rises 2.26% as Sensex slides (15-10-2024)
The stock traded at a P/E multiple of 7.74, while the price-to-book value ratio stood at 1.26.
Hyundai kicks off season 1 of K-drama. Will Indian IPOs help Koreans ward off K-discount curse? (15-10-2024)
Hyundai Motor India’s IPO, the largest in India’s history, may pave the way for other South Korean conglomerates like LG and potentially Samsung to list on Indian exchanges, potentially easing the valuation disparity known as the ‘Korea Discount.’ However, gains for investors are expected to be modest.