Analysts see a potential short-term reversal in Nifty after a downward correction. Friday’s chart signals a bullish pattern and a sustainable upmove from the lows. Support is at 24,500 and resistance at 24,950-25,000.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (18-10-2024)
SIL Investments, Nalwa Sons Invst, Pennar Ind, Motilal Oswal and Vishnu Prakash R Punglia, hit their fresh 52-week highs during the day.
Pragnesh’s portfolio (18-10-2024)
I think, all above mentioned stocks having pe ratio<35 are good candidates for long term perspective.
Stock market update: Power stocks up as market rises (18-10-2024)
The 30-share BSE Sensex closed up 218.14 points at 81224.75
Geojit Financial Services Q2 Results: PAT jumps 53% in September quarter (18-10-2024)
Geojit Financial Services Ltd on Friday reported a 53 per cent year-on-year jump in profit after tax to Rs 57.42 crore in three months ended September 2024. In comparison, the company had posted a profit after tax (PAT) of Rs 37.48 crore in the year-ago period.
Manappuram Finance (18-10-2024)
Demerger:
- Splitting a company into two separate entities. Shareholders get shares in both companies.
- Shareholders keep their ownership in both the parent and new company.
- No new capital raised; focuses on restructuring.
IPO:
- Selling shares of a company to the public for the first time to raise capital.
- Existing shareholders may see their ownership percentage decrease as new shares are issued.
- Raises money from public investors for growth or debt repayment.
Value of securities held in demat form at NSDL reaches Rs 500 trillion (18-10-2024)
The National Securities Depository Ltd (NSDL) on Friday said the value of securities held in dematerialized form at the depository reached Rs 500 lakh crore (USD 6 trillion) in September 2024.
The leading depository took 18 years to reach Rs 100 lakh crore in June 2014, another 6 years to touch Rs 200 lakh crore in November 2020 and a span of 4 years to hit the milestone of Rs 500 lakh crore, a statement said.
“We thank investors, market participants, regulators and other stakeholders on this historic occasion,” S Gopalan, Interim MD of NSDL said in a statement.
NSDL is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996.
Last month, the depository received Sebi’s go-ahead to launch its initial public offering (IPO). The clearance from the markets …
Oberoi Realty Q2 Results: Profit jumps 29% on strong demand for premium housing (18-10-2024)
India’s Oberoi Realty reported a jump in second-quarter profit boosted by sustained demand for its premium projects, including luxury homes and office spaces.