Deven Choksey shares his views on Hyundai’s IPO, suggesting it might have a muted listing and could turn into a buying opportunity later. He discusses the robust fundamentals of private banks like HDFC and Kotak. He also discusses the impact of lab-grown diamonds on Titan, the uncertain future of Paytm, and the challenges faced by Tejas Networks.
Info Edge shares fall 1.96% as Nifty drops (22-10-2024)
A total of 830 shares changed hands on the counter till time (IST).
Spectrum Foods spurts on inking pact with IHG for Pushkar Hotel project (22-10-2024)
Spectrum Foods rose 4.88% to Rs 28.99 after the company signed non-binding letter of intent with InterContinental Hotels Group (IHG) for the management and branding of their upcoming 5-star resort in Pushkar, Rajasthan.
Paytm share price slips 5% post Q2FY25 results; Check details (22-10-2024)
Paytm reported an exceptional item gain of Rs 1,345.4 crore from the sale of its ticketing business to Zomato during the quarter
Mahindra Logistics Q2 net loss narrows to Rs 11 cr (22-10-2024)
Mahindra Logistics’ consolidated net loss narrowed to Rs 10.75 crore in Q2 FY25 as against a net loss of Rs 15.93 crore posted in Q2 FY24.
Manappuram Finance shares fall 21% in one week. Analysts suggest caution (22-10-2024)
Manappuram Finance’s shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram’s assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels.
Federal Bank shares drop 0.69% as Sensex falls (22-10-2024)
On the technical charts, the RSI of the stock stood at 50.48.
Info Edge (India) to invest Rs 30 cr in Redstart Labs (India) (22-10-2024)
The Company has agreed to acquire 3,000,000 Compulsorily Convertible Debentures (CCDs) having face value of Rs. 100/- each. Post this investment, Redstart remains the wholly-owned subsidiary of the company.
Sona BLW Precision shares rise over 2% on inaugurating new plant in Manesar (22-10-2024)
The uptick in Sona BLW share price came after the company announced that it has inaugurated its new plant in Manesar, Haryana