Adani Energy shares tumble 4% on Sebi notice for alleged misclassification of shareholding
Adani Energy Solutions shares are under scrutiny following the receipt of a show-cause notice (SCN) from the Securities and Exchange Board of India (SEBI) during the September quarter, related to the wrongful categorization of shareholders. The company disclosed this in its exchange filing for the quarter but did not provide further details.
Coforge shares rally over 7% after reporting 24% YoY jump in Q2 PAT
Coforge reported a profit after tax of Rs 233.6 crore for Q2 2024, marking a 24.3% YoY increase. Revenue grew by 33% YoY. The company also announced an interim dividend of Rs 19 per share. Shares have risen by 35.9% over the past year. Coforge’s CEO expressed confidence in sustained growth.
ETMarkets Smart Talk: Banking and consumption sectors to outperform by next Diwali, says Naveen Kulkarni
The stock markets have been relatively stable over the last two months since the beginning of October. Although the market did reach new highs at times, overall returns have been modest.
Diwali Investment Ideas: Gold vs Silver – Which is the best bet for 2024?
We sat down with Naveen Mathur, Director of Commodities and Currencies at Anand Rathi Share and Stock Brokers, to get a clearer picture of where gold and silver are headed and how you can make the most of your money this Diwali.
Positive Breakout: These 3 stocks close cross above their 200 DMAs
In the Nifty500 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 22, according to stockedge.com’s technical scan data.
Big movers on D-Street: What should investors do with Bajaj Finance, Zomato and Adani Green?
Benchmark Sensex dives 930 points, Nifty slips below 24,500, marking over two-month lows due to widespread sell-off. Stocks like Adani Green, Zomato, and Bajaj Finance face significant declines. Analysts advise cautious buying at dips in these stocks for potential long-term gains.
Q2 results today: HUL, SBI Life among 73 companies to announce earnings on Wednesday
Seventy-three companies will release their second-quarter earnings for July-September 2024 today. Key results include HUL, Bajaj Finserv, SBI Life, and TVS Motor. HUL is expected to report a slight increase in revenue. SBI Life is expected to show a flat to moderate growth in annual premium equivalent, with mixed estimates on the value of new […]
Smallcap multibagger stock’s record date for Rs 2 dividend tomorrow. Do you own?
Smallcap stock Tips Music announced an interim dividend of Rs 2 per share with October 24 as the record date. The dividend will be paid by November 12. Over the past year, the stock surged 107.6%, with a current market cap of Rs 9,486.38 crore. Shares were trading 4.2% lower at Rs 742.
Brokerages upbeat on City Union Bank
The price targets imply a 1-19% rise in the stock over its Tuesday closing price of ₹168.5. City Union Bank shares rallied 11.9% on Tuesday in a weak market in response to the September quarter earnings.
ET In The Classroom: Evaluating MF returns
Financial planners believe investors should not just look at returns in isolation, but should look at many other factors while evaluating performance. An important thing would be to compare rolling returns with the right schemes and peers, study expense ratio, look at statistical factors like standard deviation and beta.