Shares of Indo Tech Transformers hit a new high of Rs 2,507, surging 5 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market on healthy business outlook.
Kanda Express to bring 1,600 tonnes of onions to Delhi (17-10-2024)
In a significant move to control spiralling onion prices ahead of the festive season, the government will transport 1,600 tonnes of buffer stock via railways from Maharashtra to Delhi – the first such initiative using rail transport for the kitchen staple. The special rake, dubbed ‘Kanda Express’, will depart from Maharashtra’s Lasalgaon Railway Station and reach Delhi’s Kishanganj Railway Station on October 20, Consumer Affairs Secretary Nidhi Khare announced on Thursday. The government expects this bulk movement to help stabilise prices in the Delhi-NCR region, where buffer stock onions are currently being sold at a subsidised rate of Rs 35 per kg.
Dhanlaxmi Bank gains after Q2 PAT climbs 11% YoY to Rs 26 cr (17-10-2024)
Dhanlaxmi Bank rallied 3.87% to Rs 37.30 after the bank’s standalone net profit increased 11.44% to Rs 25.81 crore in Q2 FY25 as against Rs 23.16 crore recorded in Q2 FY24.
Sensex tanks 562 pts, Nifty below 24,750; What’s worrying D Street today? (17-10-2024)
Sensex fell below the 81,000 mark. NSE Nifty slipped below 25,000 in trade
Central Bank of India Q2 Results: Profit surges 51% YoY to Rs 913 crore (17-10-2024)
Central Bank of India Q2 Results: Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.
EURUSD struggles at over two month low as ECB stays poised for yet another rate cut (17-10-2024)
Euro is struggling at its lowest level in over two months against the dollar on Thursday ahead of ECB monetary policy outcome to be delivered later in the day. EURUSD has been on a relentless decline since the start of the month amid rising expectations of interest rate cuts by the major central bank. The European central bank is seen likely set to lower interest rates for the third time this year citing easing inflation levels in the area. The Eurozone Harmonized Index of Consumer Prices (HICP) has decelerated to 1.7% in September, faster than expectations and the preliminary estimate of 1.8%. Currently the EURUSD pair is quoting at $1.0880, down marginally on the day and lower by 2.5% since the start of the month. Meanwhile, a firm greenback across the Atlantic holding well above 103 mark against a basket of currencies is further adding pressure on the single common currency.
Bajaj Auto Ltd leads losers in ‘A’ group (17-10-2024)
Oberoi Realty Ltd, BF Utilities Ltd, Himadri Speciality Chemical Ltd and Bharat Heavy Electricals Ltd are among the other losers in the BSE’s ‘A’ group today, 17 October 2024.
Midcap Momentum Portfolio (17-10-2024)
Hello @Keyur_Joshi
-
I have not considered dual momentum strategy. My understanding maybe slightly different to what you are indicating. Dual momentum refers to comparison among different asset classes and choosing which one to invest in. This theory was espoused Gary Antonacci. Someone made a good comparison on Gary’s theory and in an Indian context, say for example, the classes we are comparing are Nifty 50, an Income fund (for debt) and Gold. The first step is to check if Nifty 50 did better than Debt. If yes, continue with equity, else shift to Debt. Next step is to check if equity did better than gold. If yes, go with equity, else, shift to Gold. Here complete shift happens from one class to another when we do rebalancing. That is not something I want to do.
-
Regarding COCHINSHIP – while we are looking at absolute momentum (change of price of stock over different look back periods), our selection or ranking is relative. It depends on how this stock has done over certain periods of time as compared to its peers. Though it has fallen, if it has done better (relatively) it will remain in the pf. Of course, COCHINSHIP was moved from one index to another recently.