Bikaji Foods shares in focus as co to acquire majority stake in Hazelnut Factory for Rs 131 crore
Bikaji Foods International will attract attention on Thursday following its announcement that its subsidiary, Bikaji Foods Retail, plans to invest Rs 131.01 crore for a 53.02% stake in Hazelnut Factory Food Product. The investment will occur in tranches, with the acquisition expected to be finalized over the next two years.
We are in uncharted territory as too much fresh funds are coming in: Dipan Mehta
Dipan Mehta highlights the unprecedented liquidity in markets from tier II and III cities and its unpredictable outcomes. He expresses concerns over PVR-Inox due to OTT competition and sees potential in banking stocks like Bandhan Bank and IDFC First Bank. Challenges in the capital goods sector due to high PE multiples and execution issues are […]
Ircon International shares jump nearly 4% on inking MoU with Patel Engineering for infra projects
Shares of Ircon International surged by 3.6% following an MoU with Patel Engineering Limited to explore joint infrastructure projects. Retail investors boosted their stake while FIIs reduced theirs. Despite a 17% revenue dip in Q1 FY25, Ircon saw a 19.5% rise in net profit.
Q2 will broadly remain a muted earnings season: Smallcase Manager Narender Singh
Investing should be considered only when there are clear signs of reversal, which are currently absent in most defence stocks. Only a few exceptions show some stability, so it’s better to wait for stronger indications of a recovery.
Q2 results today: Infosys, Wipro, Nestle, Axis Bank among 38 companies to announce earnings on Thursday
Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India. Infosys is poised for healthy growth driven by mega-deals, whereas Wipro may see a revenue decline. Axis Bank is expected to boost net profit by 8% with rising NII, and Nestle India projects a 5-7% revenue uptick.
Positive Breakout: These 3 stocks close cross above their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 16, according to stockedge.com’s technical scan data.
Big movers on D-Street: What should investors do with Bajaj Auto, L&T Tech and BSE?
Benchmark Sensex fell by 318 points and Nifty slipped below 25,000 on Wednesday due to foreign fund outflows and weak global trends. Stocks in focus were Bajaj Auto, LTTS, and BSE. Bajaj Auto saw a slight rise, LTTS faced bearish pressure, while BSE shares declined significantly. Analysts suggest various actions for investors.
Dollar hovers near 11-week high, eyes on China property briefing
The dollar remained near an 11-week high due to U.S. election uncertainty and a resilient economy. Meanwhile, China’s press conference on its property sector is awaited. The Australian dollar fell to a one-month low. The euro and sterling were also weak as markets eye decisions from major central banks.
Dow ends at another record high as Wall Street buoyed by banks, small-caps
Dow Jones closed at a record high on Wednesday. Other Wall Street indexes also ended higher, despite declines in tech shares, driven by gains in small-caps and financial stocks. Morgan Stanley hit a record close with strong earnings. Investors showed interest in financial stocks due to a favorable rate environment.
As rupee slides, RBI weighs securities threat on Bond Street
Officials from RBI’s Financial Markets Regulation Department (FMRD) have informally spoken to banks, particularly foreign lenders, to gauge unwinding of overseas trading positions in Indian debt markets, including those taken in certain interest rate derivatives, people aware of the matter told ET.