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.
F&O Ban List: NMDC, RBL Bank among 10 stocks under trade ban on Thursday
Ten stocks, including Aarti Industries and Bandhan Bank, are under ban from F&O trading as their open interest exceeded 95%. This ban will only be lifted if their open interest drops below 80%. The Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday amid volatile trading, foreign fund outflows, and selling pressure.
Dow Jones falls 400 points pressured by tech losses and worries about rates
Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election.
Asian stocks fall, Yen steadies after weakening
Futures for the Nasdaq 100 climbed during Thursday trading in Asia, paring declines for the underlying benchmark in the prior day, after robust earnings from Tesla Inc. provided support for tech stocks. Treasuries opened little changed in Asia after the 10-year yield rose four basis points on Wednesday to the highest level in almost three […]
Forget gold, go for silver to add lustre to your portfolio
After the sharp run-up this year, with domestic prices touching the ₹1 lakh per kg mark, analysts believe investors could buy on dips over the next 1-3 months and allocate 3-5% of their portfolio to the white metal.
Irdai raises concerns over high auto cover commissions
India’s automotive industry, which accounts for 7.1% of the nation’s GDP, has boosted the growth of motor insurance. This sector now represents around 45% of the total business of general insurance companies. Car dealers, as primary intermediaries in the customer purchasing journey, have become a critical distribution channel for motor insurance.
Sluggish urban market to weigh on HUL, price hikes may help
High raw material costs limited the margin gains even as the company spent less on advertising during the quarter. The raw material cost grew 5% on year and constituted 49.6% of the revenues, driven by inflation in tea and crude palm oil prices. The company’s ad spends declined 15% on year with these spends standing […]