The stock traded at a P/E multiple of 158.01, while the price-to-book value ratio stood at 2.39.
Utilties shares rise (19-09-2024)
Utilties stocks were trading with gains, with the BSE Utilities index rising 78.16 points or 1.2% at 6595.37 at 09:46 IST.
Power stocks rise (19-09-2024)
Power stocks were trading with gains, with the BSE Power index increasing 90.94 points or 1.09% at 8429.84 at 09:46 IST.
Sundaram Finance Holding – Like a mutual fund of top notch TVS group auto ancilliary companies (19-09-2024)
Hi @nav_1996 ,
It is mentioned in the rating report by Crisil. Quoting the same.
“TEPL is in the primitive stages of researching E-compressors and Electronic Braking which will be used in EVs. The amount spent on the R&D are expenses as revenue expenditure as technical feasibility has not been achieved. Evolution of EVs, and ability to introduce new products, including for EVs will be a key monitorable for TEPL.”
Please refer the below link for the Report.it is of Jul 2023.
Thanks,
Deb
Rupee rises to six-week high after Fed rate cut, importer dollar bids pick up (19-09-2024)
The Indian rupee reached its highest level in over six weeks after the Federal Reserve’s 50-basis-point rate cut. However, traders anticipate that importer dollar bids will limit further gains. The rupee was at 83.66 against the U.S. dollar, supported by broad-based dollar selling interest and the Fed’s updated projections for future rate cuts.
Share market update: Most active stocks of the day in terms of total traded value (19-09-2024)
The NSE Nifty index was trading 159.86 points up at 25537.4
Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps? (19-09-2024)
The surge in IT stocks was fuelled by the US Federal Reserve’s decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.
Indian markets rally as Fed cuts rates; Sensex surges 600 points (19-09-2024)
The IT sector showed strength, despite concerns over potential reduced demand for Indian IT services exports due to a slowdown in the US economy
Gold Price Today: Gold and silver prices trade flat post Fed’s 50 bps rate cut (19-09-2024)
Gold and silver were trading in a tight range in the early trading session and gained after hefty 50 basis points rate cuts by the U.S. Fed in its monetary policy meetings but were unable to hold gains after the FOMC press conference. The Fed funds rates are now in the range of 4.75%-5.00%.