The stock traded at a P/E multiple of 9.84, while the price-to-book value ratio stood at 1.73.
Posts in category Economic Times
Stock market update: Power stocks up as market rises (10-10-2024)
The 30-share BSE Sensex was up 303.96 points at 81771.06
Buy Oil India, target price Rs 720: Motilal Oswal Financial Services (10-10-2024)
Motilal Oswal Financial Services has buy call on Oil India with a target price of Rs 720. The current market price of Oil India is Rs 587.
Stock market update: Nifty Pharma index falls 0.39% in an upbeat market (10-10-2024)
The Nifty Pharma index was trading 0.39 per cent down at 23691.55.
Is India’s biggest IPO from Hyundai a damp squib due to entire-OFS offering? (10-10-2024)
Hyundai India plans to launch its biggest ever IPO to raise Rs 27,870 crore through an offer for sale. This IPO will not bring funds directly to the Indian unit, as the proceeds will go to the Korean parent company. Still, Hyundai India’s strong cash reserves and strategic plans for growth remain promising.
Q2 results may be India Inc’s worst quarter in 4 years. Investors brace for more downgrades (10-10-2024)
India’s stocks are expected to see their worst quarterly earnings since the 2020 lockdowns. Analysts predict Nifty’s earnings will grow only 2% in the September quarter. This slowdown is driven by demand issues. Sectors like BFSI, healthcare, and utilities may see some growth, while commodity sectors struggle.
Gold Price Today: Gold prices dip by Rs 1,200/10 gm in 1 week, silver down by Rs 3,800/kg (10-10-2024)
Gold prices have been witnessing some profit booking in the last few sessions. In the last one week, gold prices witnessed a decline of Rs 1,200/10 gram while silver prices were down by Rs 3,800/kg in the same time.
Pranik Logistics IPO opens today: Check price band, GMP and other details (10-10-2024)
Pranik Logistics has launched its SME IPO, opening today and closing on October 14. The company aims to raise Rs 22 crore by selling 29.18 lakh fresh equity shares. Shares are priced between Rs 73-77 each, with 50% reserved for institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Infosys shares in spotlight after expanding partnership with Microsoft to boost Microsoft Cloud, GenAI adoption (10-10-2024)
Infosys shares are expected to attract attention on Thursday following the announcement of an expanded partnership with Microsoft to promote the global adoption of generative AI and Azure, Microsoft’s cloud platform. Infosys will serve as a strategic supplier for cloud and AI workloads for Microsoft’s enterprise customers.
These 6 stocks showing RSI Trending Up on October 9 (10-10-2024)
This can indicate potential upward movement and may be used by traders to identify buying opportunities.