Wipro’s Board plans to consider issuing bonus shares to investors during its October 16-17 meeting while revealing September 2024 quarter results. This move aims to boost stock liquidity and affordability. The bonus shares will be fully paid and retain the same rights as existing shares.
Ahead of Market: 10 things that will decide stock action on Monday (13-10-2024)
Indian benchmark equity indices Sensex and Nifty50 logged daily and weekly losses on Friday, weighed down by foreign outflows, slowing corporate earnings and escalating tensions in the Middle East.
Rahul Gandhi launches Jai Jawan movement to remove Agnipath scheme (13-10-2024)
Rahul Gandhi started the ‘Jai Jawan’ movement to eliminate the Agniveer scheme, which he considers unjust to the army and disrespectful to soldiers’ martyrdom. This follows the death of two Agniveers in a training accident. Gandhi questioned the scheme’s pension structure and called for equality in compensation and benefits for all soldiers’ families.
J&K elections: At least 13 new MLAs from political families (13-10-2024)
At least 13 of the newly elected MLAs in Jammu and Kashmir hail from political families, with the National Conference having the most such representatives. Omar Abdullah, a third-generation politician, leads the government, continuing the political legacy of the Abdullah family.
Shakti Pumps – solar shakti (power)! (13-10-2024)
Thanks for your answer. Since I’m new to investing directly, the confidence is usually low and then since all quality companies are at very high valuations we get quite tempted by PEs of 30s or so and then when the stock runs high we do get a sense of validation that we have cracked the value formula which people are ever learning and yet not there.
Btw – isn’t it true that as long as the quarterly results are yoy or qoq company Is showing ever increasing growth the stock could be relied upon, in this case Shakti Pump? Or?
Corporate earnings, inflation data key factors to drive markets: Analysts (13-10-2024)
Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.
Moreover, markets would also focus on movement in crude oil prices amid geopolitical tensions, experts added.
“In the coming week, the market’s direction will largely hinge on corporate earnings, with major companies like Reliance Industries, Infosys, HDFC Bank, Axis Bank, and HCL Technologies set to release their results, among others,” Ajit Mishra, SVP, Research, Religare Broking Ltd, said.
From the macroeconomic front, investors will keep an eye on the CPI (consumer price index-based inflation) and WPI (wholesale price index-based) inflation data for September, scheduled to be announced on Monday.
Investors will also closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows. Key domestic economic data, including CPI and WPI
Modi Naturals – Olive Oil Play (13-10-2024)
But isn’t ethanol procurement price fixed by govt. already so there already isn’t any pricing power. The main lure is that govt is giving subsidy on capex interest costs so it’s a low cost bet with visibility on income.
Correct me if I’m wrong