what’s the difference between demerging Asirvad vs going the IPO route?
GIFT Nifty down 120 points; here’s the trading setup for today’s session (18-10-2024)
The RSI is showing a bearish crossover and is declining. However, this may not be the ideal level to initiate short positions, as the index has experienced a steep correction and is near a double-bottom support, which could trigger a near-term recovery toward 25,000
Stock market live updates: Stock to buy today: Tech Mahindra (₹1,699.6) (18-10-2024)
Sensex, Nifty, Share Prices LIVE: The stock of Tech Mahindra, since mid-August, has been in a sideways crawl. It has largely been oscillating between ₹1,580 and ₹1,660. However, early this week, the stock broke out of ₹1,660, opening the door for further appreciation. Although the scrip moderated post the breakout, the rebound happened on Thursday indicates that the bulls are in the driving seat.
Stocks in news: Jio Financial, Infosys, LTIMindtree, Wipro, Tata Consumer, MGL, Axis Bank (18-10-2024)
IT services company LTIMindtree reported 8% year-on-year growth in its consolidated net profit at Rs 1251 crore in the quarter ended September 2024.
Is China investible? (18-10-2024)
Axis greater China Fund of Fund (personally using it)
Edelweiss Greater China Fund of Fund
Infosys net profit rises 4.7% in Q2, misses Street estimates (18-10-2024)
The guidance change is the sixth consecutive quarterly revision and seventh in eight quarters. Infosys is seeing a “lot of traction in financial services, which has given us good growth last quarter and this quarter,” said chief executive officer Salil Parekh. “We see that continuing.”
Nestle India needs to up its game to justify premium valuations (18-10-2024)
The profitability also suffered on account of inflationary prices of coffee and cocoa. The operating profit margin corrected by 100 bps to 23.4%. Raw material cost stood at 43.6% of revenues-same as the year ago elevated level of 43.7%.
RBI accepts nearly Rs 25,000 crore bids in g-sec buyback auction (18-10-2024)
This is the second such buyback operation done by the central bank this month. This auction, along with the one last week, was one of the most successful buyback auctions conducted by the RBI since it resumed such operations in May this year, after a gap of six years.
New liquidity window may not boost retail play in corporate bonds (18-10-2024)
These latest guidelines provide an issuer with flexibility on the quantum of their buyback and what kind of investors they want to buy it back from. Sebi noted that issuers can give investors ‘put options’ that are exercisable on pre-specified dates or intervals.
Vishal Mega Mart updates IPO papers (18-10-2024)
The company retails apparel, general merchandise and fast-moving consumer goods through 626 stores and online and mobile channels.