Posts in category Economic Times
HVAX Technologies shares to list today. GMP hints at marginal gains (07-10-2024)
HVAX Technologies will debut on the NSE SME platform, with shares trading at a Rs 5 grey market premium, suggesting a 5% gain on the listing price. The company, specializing in turnkey cleanroom projects, reported Rs 106 crore in revenues and Rs 9.39 crore in net profit for the fiscal year ending March 2024.
Saj Hotels to debut on NSE SME platform today. Here’s what to expect (07-10-2024)
Saj Hotels shares will debut on the NSE SME platform on Monday. The company will use the proceeds for property expansion, working capital, and corporate purposes. Saj Hotels, engaged in hospitality, offers diverse accommodation and event services. The company reported revenues of Rs 14.25 crore and a net profit of Rs 3.45 crore for the year ended March 2024.
Stock to watch: Kalyan Jewellers shares in focus after Q2 cons revenue rises 37% YoY (07-10-2024)
Kalyan Jewellers reported a 37% YoY increase in consolidated revenue for Q2 FY2025, driven by a 39% revenue growth in India and 24% in the Middle East. The company opened 26 new showrooms, bringing the total to 303, and saw 30% growth in its digital platform, Candere.
Stock to watch: Jio Financial shares in focus after company gets Sebi nod to set up a mutual fund (07-10-2024)
Jio Financial and BlackRock received in-principle approval from Sebi for their mutual fund project. The joint venture also plans wealth management and broking services. Jio Financial aims for major growth in fintech, leveraging its ties with Reliance’s digital and retail sectors. Foreign stake limit has been raised to 49%.
Stock to watch: Titan shares in focus today after Q2 update shows 25% biz growth (07-10-2024)
Titan’s shares will be in focus as the company reported 25% year-on-year growth in its second quarter update. Jewellery domestic operations grew significantly after a reduction in gold import duties. The watches and wearables segment also saw growth, though wearables faced a decline. The company expanded its retail network by adding 75 stores.
2 big themes Ashi Anand is betting on in the long term (07-10-2024)
Ashi Anand, CEO of IME Capital, emphasizes the promising future of digital platforms and the financial sector in India. Digital forms of transactions, including payments and transportation, have strong potential. He also favors financiers, insurers, and capital market players, highlighting their growth prospects. However, he advises caution in the oil sector due to geopolitical tensions.
Stopping Nifty weekly expiry will deprive hedging opportunity: Anand James (07-10-2024)
Following Sebi’s new regulation, NSE is likely to discontinue all other weekly expiries besides Nifty Bank as it has higher volumes. What are your thoughts on which index has the potential to make more money – Nifty or Nifty Bank? Old-timers will miss Nifty if it is discontinued.
Stock to watch: IndusInd Bank shares in focus as net advances jump 13% YoY, deposits rise 15% in Q2FY25 (07-10-2024)
IndusInd Bank reports a 13% year-on-year rise in net advances to Rs 3,56,980 crore for September 2024, and a 15% increase in deposits to Rs 4,12,704 crore. Sequential gains of 3% and 4% respectively are also noted. CASA ratio declines to 35.9%.