Adani Power shares tumble 3% after Q2 PAT falls 50% YoY
The company’s revenue from operations during the quarter stood at Rs 13,339 crore, up 3% over Rs 12,991 crore reported in the corresponding quarter of the previous financial year.
United Heat Transfer shares list at 3% premium over IPO price on NSE SME platform
United Heat Transfer shares started trading on the NSE SME platform at a 3.3% premium, listing at Rs 60.95 compared to the issue price of Rs 59. Proceeds from the public offer will be utilized for loan repayment, working capital, and corporate purposes.
Waaree Energies shares jump 5% as buying resumes on Day 2
Waaree Energies shares rose 5% after a strong IPO debut, reflecting investor confidence. The company plans expansion and reported a 69% revenue increase for FY24, with profits more than doubling.
Bharti Airtel shares fall 3% on posting strong Q2 earnings but below Street’s estimates
Airtel Share Price: Shares of Bharti Airtel fell by 2.7% to Rs 1,617.55 on the BSE, despite strong Q2 results showing a 168% year-on-year increase in consolidated net profit to Rs 3,593 crore, though below Street estimates. Revenue rose 12% YoY to Rs 41,473 crore, driven by robust growth in India and Africa. The profit […]
Hot Stocks: Brokerage view on Bharti Airtel, Macrotech Developers, BPCL, Federal Bank and Sun Pharma
Nomura maintains a buy rating on Macrotech Developers with a target price of Rs 1,600, citing strong Q2 performance and anticipated 20% YoY pre-sales growth. For BPCL, Nomura raises the target to Rs 380 despite lower results. Nuvama and Jefferies also maintain buy ratings on Federal Bank (target Rs 235) and Sun Pharma (target Rs […]
Federal Bank shares soar 7% post Q2 results. Should you buy, sell, or hold?
Federal Bank Share Price: Shares of Federal Bank surged 7% to an intraday high of Rs 197.75 on BSE after the bank posted an 11% increase in net profit to Rs 1,057 crore in the September quarter. The lender had earned a net profit of Rs 954 crore in the year-ago period. Total income rose […]
ETMarkets Smart Talk | FMCG and IT sectors look promising for next Diwali, PSU valuations stretched: Harjeet Singh Arora
Certainly, the investors are relating to the possibility as the IPO has been subscribed only 0.5 times in the retail category which is far less participation as compared with recent IPOs where the subscription was even more then 10-20x of the issue.
Here’s why Sudip Bandyopadhyay is bullish on L&T
Fundamentally, we do not see any problem. The only challenge here is the valuation and over a period of time, we believe the company will do so well that the valuation now will look absolutely reasonable in the future.
Mazagon Dock among 4 stocks to trade ex-dividend tomorrow. Last chance to buy
Mazagon Dock Shipbuilders and CRISIL, along with two other companies, have set October 30 as the record date for determining eligibility for their announced dividends. Mazagon Dock declared an interim dividend of Rs 23.19 per share, with payment due by November 20. CRISIL, Gabriel India, and Supreme Industries also announced their interim dividends.
Positive Breakout: These 6 stocks close cross above their 200 DMAs
In the NSE large-cap pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 28, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the […]