Hindalco shares fall 7% as bad news from Paris makes it top Nifty loser
Hindalco Share Price: Hindalco Industries’ shares dropped 7% to Rs 666.80 on BSE after Constellium’s weak Q3 revenue report. Constellium experienced reduced demand in automotive and industrial markets, impacting Hindalco’s subsidiary Novellis, which contributes significantly to the company’s volumes and EBITDA.
TVS Motor shares fall 3% after Q2 earnings miss estimates. Here’s what analysts say
TVS Motor shares fell 3% after missing quarterly profit expectations, despite stable demand. Analysts have varied ratings, with targets ranging from Rs 2,596 to Rs 3,050, highlighting future growth potential.
AU Small Finance Bank shares rally 5% after Q2 profit soars 42% YoY to Rs 571 crore
Shares of AU Small Finance Bank rose 5% after the bank reported a 42% rise in net profit to Rs 571 crore for the September quarter. The increase was driven by its acquisition of Fincare Small Finance Bank.
Sona BLW shares zoom 10.5% on approving Rs 1,600 crore acquisition of Escorts Kubota’s railway equipment biz
Sona BLW Precision Forgings (Sona Comstar) is acquiring Escorts Kubota’s Railway Equipment Division for Rs 1,600 crore on a slump sale basis. This strategic move aligns with Escorts Kubota’s focus on agriculture and construction sectors. The acquisition enhances Sona Comstar’s mobility offerings.
India can benefit from current geopolitical complexity, if it plays the game skillfully: Ben Powell, BlackRock
Ben Powell, BlackRock’s Chief Investment Strategist, highlights emerging partnerships between governments and private capital due to limited fiscal power in the West. He also points out India’s significant role in global geopolitics, emphasizing its strategic positioning within both BRICS and Quad alliances amidst complex international dynamics. Powell praises AI’s potential and India’s promising investment landscape.
Go overweight on pharma; buy midcap IT basket, tier II PSU banks now: Dipan Mehta
Pharma stocks are currently seen as a strong investment due to robust earnings potential. Midcap IT stocks are outperforming their largecap counterparts. L&T’s entry into the power equipment sector might increase competition. FMCG sector growth appears slow, but niche categories may offer opportunities. Tier II PSU banks are also showing potential despite higher valuations.
What to do with stocks like KPIT, Paytm now? Dipan Mehta answers
Dipan Mehta, Director at Elixir Equities, suggests caution for investments in KPIT, Paytm, Hyundai, Reliance Industries, and TVS Motors. He recommends careful consideration due to current market trends and specific company challenges. Existing investors in KPIT may hold, but new investments should be avoided. Reliance’s value unlocking and TVS Motors’ earnings are areas to watch […]
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 23, according to stockedge.com’s technical scan data.
Big movers on D-Street: What should investors do with HUL, SBI Life and TVS Motor?
Benchmark Sensex declined 138 points as investors booked profits amid ongoing FPI outflows, marking its third day of losses. HUL formed a bullish pattern at lower levels, SBI Life showed reversal signs, while TVS Motor indicated further downside.
Q2 results today: ITC, Adani Wilmar among 114 companies to announce earnings on Thursday
Today, 114 companies, including ITC, IndusInd Bank, and Godrej Consumer, will announce their second-quarter earnings for July-September 2024. ITC is expected to see modest growth in revenue and profit, while IndusInd Bank may see a slight dip in net profit despite some growth in net interest income.