Oil and Gas stocks were trading with gains, with the BSE Oil & Gas index increasing 185.81 points or 0.62% at 30316.85 at 09:47 IST.
Telecom stocks edge higher (16-10-2024)
Telecom stocks were trading in green, with the BSE Telecommunication index increasing 34.84 points or 1.14% at 3098.65 at 09:47 IST.
Power stocks rise (16-10-2024)
Power stocks were trading with gains, with the BSE Power index increasing 58.84 points or 0.7% at 8477.59 at 09:47 IST.
Q2 preview: Another weak quarter expected for banks. Top stocks to buy ahead of results (16-10-2024)
Banks are expected to show weak earnings growth in Q2, with private banks performing slightly better due to higher fees and lower provisions. Loan growth remains slow, impacting net interest income. Top stock picks are ICICI Bank, Axis Bank, and SBI due to their strong growth and asset quality.
Ashoka Buildcon gains on bagging BMC road project of Rs 1,127 cr (16-10-2024)
Ashoka Buildcon rallied 3.82% to Rs 261 after the civil construction company received letter of acceptance (LoA) for projects totalling to Rs 1,126.58 crore from the Brihanmumbai Municipal Corporation (BMC).
Cochin Shipyard – No more Cheap (16-10-2024)
Cochin shipyard today opened 4% lower and was expected to trend still lower close to the floor price of 1540.
But the dip was bought out and the stock price remains firm. this may be because the stock has already corrected 40% from all time high.
If one is willing to buy for Rs 2 lakh and above amount , one can bid @1540 and above. Chances of getting is higher – though it would depend upon once again on demand and supply position.
That would also be true for retail tomorrow when the floor price is fixed.
However , i would take the OFS ahead of Q2 results with a pinch of salt.
Normally shipping companies may or may not be able to deliver the same growth rate QoQ or YoY due to the nature of the business , though it may be a good long term investment.
Discl : invested from lower level and as of now it is my long term idea. it is not a buy sell recommendation.pl do your own assessment before buying
PVR Inox shares fall 3% after reporting Rs 12 crore loss in Q2 (16-10-2024)
PVR Inox reported a Q2 net loss of ₹12 crore, down from ₹166 crore profit last year. Revenue declined 19%, but expenses reduced 7%, prompting Bank of America to maintain a ‘Buy’ rating.
Gold Price Today: Yellow metal opens at Rs 76,400/10 gm, silver opens at Rs 91,620/kg (16-10-2024)
Gold December futures opened flat at Rs 76,393, while silver dropped slightly to ₹91,620. Positive trends supported by cautious market sentiment and geopolitical tensions, with bullish outlooks from analysts.