Major change in portfolio! I exited KEI industries which was 95% of my portfolio(now Iam 95% cash) . I have been adding Bajaj steel industries in small quantities.
Looking for more companies to buy for my next phase of investment.
Sandeep’s Long Term Concentrated smallcap portfolio( Learnings and Mistakes) (21-10-2024)
Stock Market Live Updates: Stock to buy today: Mphasis (₹3,096): BUY (21-10-2024)
Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Mphasis. The stock has surged over 7 per cent last week and has closed on a strong note. The price action since the last week of July indicates a bull channel. Strong and cluster of supports are there in the ₹3,000-2,950 region.
GIFT Nifty up 20 points; here’s the trading setup for today’s session (21-10-2024)
In the absence of any major triggers, market participants will focus on upcoming earnings for direction. In today’s trade, shares of banking heavyweights HDFC Bank and Kotak Bank will be in focus following Q2 results.
Hyundai’s historic India IPO signals new era for multinational listings (21-10-2024)
Hyundai’s compatriot LG Electronics Inc. is also reported to be preparing for a potential IPO of its Indian unit
Stocks in news: Bajaj Housing, HDFC Bank, Kotak Bank, Jio Financial, Tata Consumer (21-10-2024)
The private sector lender reported Q2 profit growth of 5% year-on-year (YoY) to Rs 16,821 crore, which was above Street estimates.
Asian shares in tight range, gold at record high (21-10-2024)
Australian stocks gained, while Japanese equities slipped and Hong Kong equity futures signaled declines. US futures rose after the S&P 500 notched up a sixth straight weekly increase, its longest winning streak this year following a slew of corporate results and signs the world’s largest economy remains robust.
Oil & gas companies take the shine out of India Inc’s Q2 show (21-10-2024)
Revenue rose 7.2% from a year earlier, the slowest in five quarters, shows an analysis of the numbers from 175 companies that have reported results for the fiscal second quarter. Net profit growth at 2.5% was a six-quarter low, even as the operating margin of the sample group fell 1.5 percentage point to 20.9%.
Recent acquisitions help shore up Tata Consumer revenue (21-10-2024)
At 14.9%, the company’s operating profit margin for the quarter was 47 basis points, or 0.47 percentage point, higher than the year-ago level, but it was lower than the previous three quarters. TCPL’s revenues from the beverage business in India grew 3%. Excluding the Organic India acquisition, growth of its beverage business declined 4% due to subdued demand.
Approval delays for RCap buy keep Hinduja Group on edge (21-10-2024)
The acquisition, approved by Reliance Capital’s creditors more than a year ago and by the National Company Law Tribunal (NCLT) in February this year, is now held up pending key regulatory approvals from the Reserve Bank of India (RBI), department for promotion of industry and internal trade (DPIIT) and the Insurance Regulatory and Development Authority of India (Irdai) among others, multiple people aware of the matter told ET.
Low debt, backward integration plans make Waaree a long-term opportunity (21-10-2024)
Mumbai-headquartered company commenced operations in 2007. As of June 2024, it had 12 gigwatts (GW) of aggregate installed capacity compared with 4 GW in FY22.