At 09:30 IST, the barometer index, the S&P BSE Sensex, was down 292.10 points or 0.36% to 80,075.51. The Nifty 50 index lost 87.95 points or 0.36% to 24,380.35.
Hot stocks: Brokerage view on Marico, Maruti, CONCOR and Cipla (30-10-2024)
UBS has maintained a buy rating on Maruti, lowering the target price to Rs 14,800 despite Q2 results missing expectations. Improved demand and margins led to this decision. Meanwhile, JPMorgan holds a neutral stance on Container Corporation with a target price of Rs 1,000. Although growth was sluggish, cost reductions boosted margins, while volume growth of 6% YoY fell short of guidance.
Buy Sun Pharma, target price Rs 2,280: Motilal Oswal Financial Services (30-10-2024)
Motilal Oswal Financial Services has recommended a buy on Sun Pharma with a target price of Rs 2,280, citing ongoing efforts in product addition, differentiated clinical development, and branded generics. Sun Pharma reported a 9.29% YoY increase in consolidated total income for Q2 2024 and a net profit of Rs 3030.67 crore. Promoters hold 54.48% stake.
Marico Ltd Spikes 7.05% (30-10-2024)
Marico Ltd has lost 3.33% over last one month compared to 9.01% fall in BSE Fast Moving Consumer Goods index and 5.02% drop in the SENSEX
Voltas Ltd Falls 6.17%, BSE Consumer Durables index Drops 1.23% (30-10-2024)
Voltas Ltd has lost 10% over last one month compared to 9.53% fall in BSE Consumer Durables index and 5.02% drop in the SENSEX
Poonawalla Fincorp formerly Magma Fincorp (30-10-2024)
Stock has made 30% recovery to the original price before results so clearly provisioning was a non-event for marketing and investors chose to focus on rest of the quarter performance that apparently was exciting.
F&O Radar| Deploy Bull Call Spread in Nifty for gains from potential upmove (30-10-2024)
Nifty index opened flat, initially fell but found support at 24,150, and pulled back near 24,500. It formed a bullish candle yet did not surpass 24,500. Further movement hinges on holding above 24,500 with potential targets of 24,600 and 24,750, while supports lie at 24,350 and 24,150.
Arvind SmartSpaces: Will it make smartspace for Retail Investors? (30-10-2024)
Arvind Smartspaces Results Q2FY25
Shriram Pistons & Rings Ltd (30-10-2024)
Good to see that Freedom 125 cc sales are picking up nicely
Company seems to be focusing well on aftermarket sales as per concall. They seems to be getting good enquiries from the EV market, As per them, they have almost 95 % localisation in their components. They are in the process of ICAT approvals as per concall
Bullish Momentum: SBI among 3 stocks with White Marubozu Pattern (30-10-2024)
On October 29, three Nifty50 stocks appeared in the “White Marubozu” bullish scanner, indicating strong buying pressure, with opening prices as lows and closing prices as highs, signaling potential upward momentum.