The 30-share BSE Sensex was down 163.88 points at 80842.73
Volumes soar at L&T Technology Services Ltd counter (18-10-2024)
L&T Technology Services Ltd recorded volume of 1.06 lakh shares by 10:47 IST on BSE, a 22.53 times surge over two-week average daily volume of 4686 shares
5paisa Capital Q2 PAT rises 15% YoY to Rs 22 cr (18-10-2024)
The stockbroking company’s consolidated net profit jumped 15.02% to Rs 21.90 crore in Q2 FY25 from Rs 19.04 crore reported in Q2 FY24.
Sensex falls! These stocks are down 5% or more on BSE (18-10-2024)
In the Nifty pack, 28 stocks were trading in the green, while 22 stocks were trading in the red.
Manappuram Finance (18-10-2024)
Manappuram I feel will infuse capital, and given it survived the challenges of COVID-19, I believe it can withstand any current or future hurdles. Currently, it’s trading near its book value. Similar to IIFL, once the ban is lifted, the stock could experience a rapid increase. The most attractive aspect of Manappuram is its extremely low valuation
CLSA 200
Morgan Stanley 170
Jefferies : 167
Mazagon Dock spurts as board to mull stock split on Oct 22 (18-10-2024)
Mazagon Dock Shipbuilders gained 4.32% to Rs 4,423.45 after the company said that its board will meet on Tuesday, 22 October 2024 to consider a proposal of sub-division /split of equity shares of the company.
J&K LG allocates portfolios to newly inducted ministers in Omar-led cabinet (18-10-2024)
Lieutenant Governor of Jammu and Kashmir allocated portfolios to new ministers in Chief Minister Omar Abdullah-led cabinet. Key assignments include Surinder Kumar Choudhary as deputy chief minister with multiple portfolios and Sakeena Masood overseeing Health, Medical Education, and other crucial sectors.
Purple Finance concludes its rights issue with strong investor interest (18-10-2024)
Purple Finance has announced the successful closure of its recent rights issue, which was oversubscribed by 1.5 times. The issue offered 1,12,04,985 shares at Rs 40 per share, resulting in strong investor interest, with valid applications totaling 1,71,99,236 shares53% higher than the issued amount.
Axis Bank shares rally 5% after Q2, but analysts cautious on outlook (18-10-2024)
Axis Bank share price: Brokerages, however, have cut their earnings forecast by up to 5 per cent over FY25-27 to factor in Q2 results
Nitco shares hit 5% upper circuit; Here’s what’s driving the stock higher (18-10-2024)
Nitco has settled all its dues with LIC and also entered into a memorandum of intent of settlement with Authum Investment and Infrastructure