Va Tech Wabag (18-10-2024)
While the valuation may be stretched. But this is how generally markets work. An undervalued stock over time becomes overvalued. Just like a stock can remain undervalued for extended periods of time same can can happen with overvaluation. Hence selling on such overvaluation is very difficult. However, if you suggest me a better company in the sector having better prospects I may think to swap.
Share market update: Most active stocks of the day in terms of traded value (18-10-2024)
The NSE Nifty index closed 104.21 points up at 24854.05
Stock market update: Nifty Bank index advances 1.57% (18-10-2024)
The Nifty Bank index closed 1.57 per cent up at 52094.2.
13 smallcaps stocks became multibaggers in FY25 so far, backed by over 30 MFs (18-10-2024)
Sensex has risen 10% in FY25, while BSE Smallcap index has surged 30%. 60 small-cap stocks have transformed into multibaggers. Today’s MF screener identified 10 small-cap stocks with over 100% increase and held by more than 30 mutual funds as of September 2024.
Indian stocks see record monthly foreign outflows as China takes spotlight (18-10-2024)
China’s blue-chip index fell about 14% from its peak recorded on Oct. 8, as Beijing left out details such as the size of the stimulus package and left investors thirsty for more tangible stimulus anno
Stock market update: Nifty Realty index advances 0.3% (18-10-2024)
The Nifty Realty index closed 0.3 per cent up at 1047.3.
Maharashtra CM’s son enters Ujjain Mahakal temple’s sanctum sanctorum despite ban; triggers row (18-10-2024)
Maharashtra CM Eknath Shinde’s son, Shrikant Shinde, entered the Mahakaleshwar temple’s sanctum sanctorum with his family despite a ban. This incident, captured on video, sparked controversy. Congress opposed the VIP treatment. Temple authorities have ordered a probe and action against officials involved. The temple is a prominent religious site dedicated to Lord Shiva.
Gainers & Losers: Manappuram Finance, Mazagon Dock among 6 stocks in action on Friday (18-10-2024)
After a slow start, the Sensex and Nifty50 closed higher, driven by gains in banking and metal stocks, with the Sensex rising 218 points and the Nifty gaining 104 points.