S&P BSE Sensex dropped by over 1,800 points, marking its third largest decline of 2024. This drop follows previous significant falls and is influenced by escalating hostilities between Iran and Israel, along with rising oil prices. Foreign institutional investors also contributed, pulling funds from Indian equities due to concerns over China’s economic stimulus measures.
Adani Green arm inks pact to supply green power to C&I customer (03-10-2024)
Adani Green Energy (AGEL) announced that its wholly-owned subsidiary, Adani Renewable Energy Three, has entered into power consumption agreement for supply of green power to a commercial and industrial (C&I) customer.
Sobha Ltd Partly Paidup leads losers in ‘A’ group (03-10-2024)
Hindustan Petroleum Corporation Ltd, 360 ONE WAM Ltd, Dabur India Ltd and Godrej Industries Ltd are among the other losers in the BSE’s ‘A’ group today, 03 October 2024.
RITES and DMRC join forces to explore metro projects, stock tumbles (03-10-2024)
MoU focuses on offering services such as General Consultancy, Project Management, Detailed Design, and Feasibility Studies
Should you book profits in KRN Heat Exchanger after multibagger debut? (03-10-2024)
KRN Heat Exchanger had an impressive stock market debut, jumping 118% above its issue price after strong IPO demand of over 213 times. The stock continued to rise, trading at Rs 475.85 on the BSE. Analysts attribute the company’s growth potential to its expertise in manufacturing fin and tube-type heat exchangers, adherence to international quality standards, quick turnaround times, and strong client relationships.
Should you book profits in KRN Heat Exchanger after multibagger debut? (03-10-2024)
KRN Heat Exchanger had an impressive stock market debut, jumping 118% above its issue price after strong IPO demand of over 213 times. The stock continued to rise, trading at Rs 475.85 on the BSE. Analysts attribute the company’s growth potential to its expertise in manufacturing fin and tube-type heat exchangers, adherence to international quality standards, quick turnaround times, and strong client relationships.
Auro Pharma gets USFDA nod for urinary tract infections drug. (03-10-2024)
Aurobindo Pharma announced that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Cephalexin Tablets USP, 250 mg.
Changed investment style, moved into defensive sectors in last 4 months: Siddharth Vora (03-10-2024)
Prabhudas Lilladher’s Siddharth Vora has transitioned to a defensive investment strategy due to high valuations in the Indian market and various global factors. His portfolio now focuses on quality and low volatility stocks, especially in healthcare, consumer staples, and insurance sectors. He believes this approach will help buffer against short-term market corrections.
Changed investment style, moved into defensive sectors in last 4 months: Siddharth Vora (03-10-2024)
Prabhudas Lilladher’s Siddharth Vora has transitioned to a defensive investment strategy due to high valuations in the Indian market and various global factors. His portfolio now focuses on quality and low volatility stocks, especially in healthcare, consumer staples, and insurance sectors. He believes this approach will help buffer against short-term market corrections.