Mcap of 4 of top-10 most valued firms jumps ₹81,151 crore last week; ICICI, HDFC Bank biggest gainers (20-10-2024)
Reliance Industries remains the most-valued domestic firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and LIC
Manappuram Finance (20-10-2024)
I believe it will take less than 1-2 months, as the RBI only requires confirmation and won’t be conducting a specialized audit like in the IIFL case. The key concern is how much this will impact EPS growth. Nonetheless, with a current price-to-book ratio of 1.1, the business is essentially being available at book value.
Freshtrop Fruits Ltd (20-10-2024)
Not Invested:
Other then the AR, does the company share information anywhere else?
Mcap of 4 of top-10 most valued firms jumps Rs 81,151 cr last week; ICICI, HDFC Bank biggest gainers (20-10-2024)
While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation.
Nestle India, Gujarat Gas among 5 stocks with short buildup (20-10-2024)
A short buildup signifies rising open interest and trading volumes alongside falling stock prices, suggesting traders anticipate declines. Last Friday, five stocks experienced the establishment of fresh short positions.
Market Trading Guide: Paradeep Phosphates, 1 more smallcap are stock recommendations for Monday (20-10-2024)
Indian indices rebounded as private banks led a recovery, breaking a three-session losing streak. Experts suggest buying Paradeep Phosphates and Vishnu Prakash R Punglia for potential gains.
Export data and learnings (20-10-2024)
SEPTEMBER 2024 update:
India’s overall exports(merchandise and services combined) during September 2024 is estimated at USD 65.19Billion, registering a positive growth of 3.76 % compared to Sept-23.
Total import during Sept-24 is estimated at USD 71.68 billion, positive growth of 3.79 % over Sept-23.
Monthly merchandise export during Sept -24 is USD 34.58 Billion which is flat compared to USD 34.41 Billion during Sept- 23.
The estimated value of service export during Sept -24 is at USD 30.61 Billion compared to USD 28.42 Billion during Sept-23.
Coffee exports continue to do well, up by 76% during the month and 50% from April to Sept.
Rice exports increased by 26% during Sept.
Marine products exports continue to remain negative.
Iron ore exports are down significantly.
Ceramic products and glassware exports continue to remain negative.
Pharma exports and chemical exports continue to grow.
RMG of textiles exports continue to have double digit positive growth.
Mcap of 4 of 10 most valued firms jumps Rs 81,151 cr; ICICI Bank top gainer (20-10-2024)
Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers.
Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent.
While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation.
ICICI Bank added Rs 28,495.14 crore, taking its market valuation to Rs 8,90,191.38 crore.
The valuation of HDFC Bank jumped Rs 23,579.11 crore to Rs 12,82,848.30 crore.
State Bank of India’s market valuation climbed Rs 17,804.61 crore to Rs 7,31,773.56 crore and that of Bharti Airtel went up Rs 11,272.45 crore to Rs 9,71,707.61 crore.
On the other hand, the market capitalisation (mcap) of Infosys slumped Rs 23,314.31 crore to Rs 7,80,126.10 crore.
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