PSU stocks crash up to 47% from peak. Is the reign of rail & defence over? (17-10-2024)
PSU stocks have seen significant declines, with some dropping over 40% from their 52-week highs due to expensive valuations and government share sales. Stocks like Cochin Shipyard, Mangalore Refinery, and HUDCO have been notably affected. Despite short-term turbulence, long-term prospects for rail and defence sectors remain positive.
Bajaj Auto shares tumble over 8% after Q2 disappoints D-St. Should you buy or sell? (17-10-2024)
Bajaj Auto Share Price: Shares of Bajaj Auto dropped 8.5% after the company reported Q2 FY25 earnings below expectations. The net profit rose by 9% to Rs 2,005 crore. Analysts gave mixed reactions, with ratings ranging from buy to sell, citing factors like gross margins, festive demand, and export recovery. The company’s future prospects in electric and CNG vehicles look positive.
Krishca Ltd : A SME offering steel strapping Solution (17-10-2024)
I had gone through this transcript, What I believe is margin% should not fall but declining or rising steel prices can lead to a change in absolute revenue and profit number.
Wipro Q2 Preview: Analysts expect mixed results with limited growth, margin stability (17-10-2024)
Overall revenue growth is expected to remain within the company’s guidance range of -1% to +1% in constant currency (CC), with performance across key verticals being closely monitored.
Indian bond yields seen steady ahead of govt’s $3 bn debt buyback (17-10-2024)
India is one of the largest oil importers and easing prices of crude could reduce inflationary pressures. The retail inflation accelerated to a nine-month high of 5.49 per cent in September
SRF slips 4% as UBS downgrades to ‘Sell’ from ‘Buy’; sees downside of 22% (17-10-2024)
The market’s expectation of a demand recovery for SRF’s chemical segment will be met with disappointment, UBS said
Indices open flat; Nifty below 24,950 (17-10-2024)
At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 14.82 points or 0.01% to 81,505.44. The Nifty 50 index lost 32 points or 0.13% to 24,939.30.
Bajaj Auto tanks 11% after Q2; analysts cautious on margin, export outlook (17-10-2024)
The decline followed a mixed response from both domestic and international brokerages, despite the company delivering strong results in the September quarter (Q2FY25).