Kotak Institutional Equities has downgraded Tata Steel from ‘Reduce’ to ‘Sell,’ setting a target price of Rs 145, reflecting a potential downside of 9% from the previous closing price of Rs 159. The brokerage anticipates continued pressure on Indian and European steel spreads due to higher imports, a weak export market, and delayed cost benefits, despite recent Chinese stimulus measures.
Bharat Forge shares fall 0.02% as Nifty gains (10-10-2024)
The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.
Buying the pessimism: Trying to catch the bottom (10-10-2024)
@Mudassir_Parvez – I feel the worst baked into the price (things have only gone from bad to worse in the Middle East, unfortunately, since I first posted my thesis). In my view my thesis still stands – as soon as they figure out a game plan for Saudi and as soon as Iran normalizes KRBL should benefit hugely from it. One more note I want to make is: I feel the management overpromises and underdelivers – they’d said they’d fix Saudi by Diwali but there has been no progress/communication on that front.
GTPL Hathway share price drops 4% after Q2 profit plunges 63% YoY (10-10-2024)
The fall in GTPL Hathway share price came after the company reported a weak set of September quarter (Q2FY25) results.
Rain Ind up 9% as unit to make battery anode material with Canadian partner (10-10-2024)
Rain Carbon and Northern Graphite Corporation will develop advanced battery anode material (BAM) used in lithium-Ion batteries for EVs.
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (10-10-2024)
PPFAS flexicap changes for September 2024
Added more Kotak Mahindra bank, Holding up from 2.50% to 2.96%
Kovai Medical Center and Hospital – Health and Wealth (10-10-2024)
There is an element of seasonality in the education business. Odd and even semesters start in June and December respectively, hence these quarters tend to be better.
A snippet from the KMCH website:
The odd semesters shall be conducted from the month of June/July to November/December and the even semesters shall be conducted from December/January to May/June in every calendar year.
You should compare the numbers on a Y-o-Y basis instead, that will paint a better picture!
Voltas share price up 0.31 per cent (10-10-2024)
A total of 4,297 shares changed hands on the counter till 11:30AM (IST).