GAIL shares gain 1.48% as Sensex rises (23-09-2024)
On the technical charts, the RSI of the stock stood at 40.71.
Fusion Finance tanks 10%, hits record low on higher ECL provisioning in Q2 (23-09-2024)
Fusion Finance said it may be required to make an estimated credit loss (ECL) provisioning between Rs 500 crore to Rs 550 crore in Q2FY25 as compared to Rs 348 crore provision in Q1FY25.
Share market update: Most active stocks of the day in terms of total traded value (23-09-2024)
The NSE Nifty index was trading 83.5 points up at 25874.45
Hind Rectifiers hits 5% upper circuit on order from Indian Railways (23-09-2024)
Hind Rectifiers share price locked in 5 per cent upper circuit at Rs 856.65 per share on the BSE in Monday’s intraday deals
Banks to give steady returns over next 12 to 15 months; private banks to shine: Amnish Aggarwal (23-09-2024)
Amnish Aggarwal of Prabhudas Lilladher suggests that private banks will offer steady returns over the next 12 to 15 months. He further notes that banking, especially private sector banks, is trading at a discount compared to previous highs. Consumption trends are shifting towards discretionary spending, impacting urban and rural markets.
MSTC Ltd.: Growth through to E-Commerce (23-09-2024)
Thanks for sharing all the updates. Really appreciate it!
A few questions:
- FSNL revenue will be gone, the ~1100Cr cash that the business has will go to ~1400 Cr. There was no concerete answer from the management around how they are trying to replenish the revenue deficit here & what is their plan to utilize all that idle cash.
- After Coal India started doing their own auction, other major clients (or group of clients) can also do the same. Management also agreed that there is a lot of competition coming from private players. Is their moat kind of weakened? Do we still see MSTC has kind of monopolly business as we thought it had? If yes, why?
- With the vehicle scrapping policy being implemented, even after 6 years of the MSTC & M&M joint venture is not showing any traction. Do we know why? & when do we think this will start contributing to the topline & bottomline?
- The new initiatives that they are talking about, how much time will it take for them to materialize?
- After thinking about all the above things, what do we think about current 23-24 multiple? Does the near-mid term growth support that?
Nifty above 25,850; PSU bank shares in demand (23-09-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex, added 193.83 points or 0.23% to 84,738.76. The Nifty 50 index rose 94.05 points or 0.36% to 25,885.
Info Edge shares up 0.95% as Nifty gains (23-09-2024)
A total of 2,518 shares changed hands on the counter till 10:35AM (IST).
Bikaji Foods Int’l share hits record high on incorporating unit; details (23-09-2024)
The shares of the snack manufacturer surged after the company announced that it has secured Ministry of Corporate Affairs (MCA) approval to incorporate a wholly-owned subsidiary, Bikaji Foods Retail.