Indian benchmark equity indices continued their decline for a second day, driven down by major players like HDFC Bank and Reliance Industries. This followed the previous day’s steepest drop in a month, attributed to the U.S. election uncertainty.
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Karnataka joint Assembly session to mark 100th anniversary of Belagavi Congress session, Obama invited (05-11-2024)
The Karnataka government is organizing a joint Assembly session to commemorate the 100th anniversary of the 1924 Belagavi Congress session led by Mahatma Gandhi. Chief Minister Siddaramaiah has invited former US President Barack Obama, a Gandhi admirer, to attend the event. The session will be held at the Suvarna Vidhana Soudha in Belagavi, with the date contingent on Obama’s confirmation.
Neutral on P&G Hygiene, target price Rs 16,500: Motilal Oswal Financial Services (05-11-2024)
Motilal Oswal Financial Services has given a neutral rating to Procter & Gamble Hygiene & Healthcare, setting a target price of Rs 16,500. The company shows potential for growth in the feminine hygiene segment and higher margin gains. Despite expensive valuations, P&G Hygiene focuses on product innovation and customer acquisition, with no medium-term triggers seen.
Sunny skies for Reits, with a high chance of growth (05-11-2024)
After lagging behind benchmarks and broader indices over the past five years, real estate investment trusts (Reits) have outperformed them since the start of 2024. The four listed Reits have posted an average return of 16 per cent year-to-date, compared to 9.9 per cent for the S and P BSE Sensex and 11 per cent for the National Stock Exchange Nifty.
Sharda Cropchem Ltd Spikes 7.83% (05-11-2024)
Sharda Cropchem Ltd has added 44.27% over last one month compared to 5.89% fall in BSE Commodities index and 3.69% drop in the SENSEX
Prestige Estates Projects Ltd Slides 1.06% (05-11-2024)
Prestige Estates Projects Ltd has lost 9.93% over last one month compared to 6.08% fall in BSE Realty index and 3.69% drop in the SENSEX
Why investors are pulling money from Indian stocks in favour of China (05-11-2024)
Even after the recent selloff, MSCI India trades at 22 times forward earnings, more than 1.5 standard deviations higher the its two-decade average, Chinese stocks are a lot cheaper, by comparison
Dr Reddy’s likely to post dip in net profit in Q2, FY25 (05-11-2024)
Analysts predict net profit could be down by about 5 to 7 percent on a year-on-year basis