Former BJP MP Brij Bhushan Sharan Singh stated that the Congress party relies heavily on its alliance with the Samajwadi Party in Uttar Pradesh, claiming it has no status in the state. He suggested that Congress would understand its true position if it were to separate from the SP.
IndiaMART InterMESH tumbles after brokerage downgrade (21-10-2024)
IndiaMART InterMESH fell 17.32% to Rs 2494.90 after a foreign broker downgraded the stock from ‘buy’ to ‘underperform’, reducing its target price to Rs 2,540 per share.
Titan will be unable to compete with lab grown diamonds: Milind Karmakar (21-10-2024)
Milind Karmakar says he sold Titan after 20 years of holding because it will be unable to compete with lab grown diamonds which cost a fraction of natural diamonds. "Diamonds will become a commodity. When people of lower strata start wearing diamonds, it will lose its snob value"
JM Financial (21-10-2024)
Not sure why the stock seems to be underperforming but the news seems good for JM
JP Morgan initiates coverage on 5 cement stocks, sees upside of up to 31% (21-10-2024)
The foreign brokerage noted that urbanization and infrastructure projects are expected to drive medium-term demand, while utilization levels should remain stable despite the addition of new capacity.
Paytm Q2 Results Preview: Losses may widen YoY; revenue growth to improve (21-10-2024)
One97 Communications, which runs Paytm, is set to see increased revenue growth in the second quarter of 2024. However, its losses are likely to widen to Rs 660 crore. Despite this, losses should decrease from the previous quarter due to growth in payment services to merchants and financial services.
Waaree Energies IPO sees robust 2.26x subscription, NII category leads (21-10-2024)
Retail investors also showed strong interest, with 2.42x subscription, while employees subscribed 1.15 times.
Karnataka HC rejects PIL seeking apology from Rahul Gandhi over alleged remarks on women (21-10-2024)
A bench comprising Chief Justice NV Anjaria and Justice K Aravind dismissed the petition, stating that it was a waste of judicial time. The Court also imposed a Rs 25,000 fine on the petitioner, the All India Dalit Action Committee, for filing the plea.