Exide Industries shares jump 1% after Q2 profit drops 14%. Should you buy or sell?
Exide Industries witnessed a 13.66% dip in consolidated profit for the September quarter, despite a rise in revenue. The company’s profits were impacted by increased expenses, even as demand in sectors like two-wheeler, four-wheeler, and industrial-UPS remained strong.
Sagility India’s Rs 2,106 crore IPO to open for subscription. Should you bid?
Sagility India’s IPO opens today and closes on November 7. The company aims to raise Rs 2106 crore by offering 70.22 crore shares at a price band of Rs 28-30 per share. Analysts have mixed opinions on the IPO due to its offer-for-sale nature and high valuations. The company’s performance could be influenced by the […]
Yen is first of many Japanese assets set to pivot on US election
The US election outcome will significantly impact Japan. A Harris win might strengthen the yen, while a Trump victory could boost the Tokyo stock market but weaken the yen. Market volatility is expected regardless of the winner. The impact of the election on US economic policy and potential trade implications will be closely watched by […]
HUL, RailTel among 10 stocks to trade ex-dividend tomorrow. Do you own any?
Hindustan Unilever (HUL) and RailTel Corporation, along with eight other companies, have set November 6 as the record date for their recently announced dividends. Investors looking to receive these dividends must own shares by the end of the trading day on November 6.
IRCTC shares in focus today as Q2 PAT rises 4% YoY
IRCTC reported a 4% rise in Q2 net profit to Rs 308 crore, driven by growth in catering and internet ticketing segments. Despite the profit increase, margins saw a slight dip. The company declared an interim dividend of Rs 4 per share. Following the results, IRCTC shares closed 2% lower on Monday.
Big movers on D-Street: What should investors do with IRFC, IRCTC and Raymond?
Indian benchmark indices Sensex and Nifty experienced significant drops, driven by losses in Reliance Industries and banking stocks. Analysts suggest investors monitor IRCTC’s upcoming earnings for potential movement, while IRFC needs to hold above key levels for bullish momentum. Raymond, despite initial losses, showed resilience, with its future trajectory depending on upcoming earnings.
Q2 results today: Titan, Dr Reddy’s among 63 companies to announce earnings on Tuesday
The second quarter earnings season is in full swing, with 63 companies, including prominent names like Dr Reddy’s, Titan, and Mankind Pharma, set to release their July-September 2024 quarter results today.
Govt steps in to pay interest on MTNL bond
MTNL informed investors that its debt obligations for the upcoming semi-annual interest payment on its 7.80% bond have been made for Series VIII-C (INE153A08170). The funds were transferred into the designated escrow account on November 4, before the November 7 due date.
Wall Street slips as uncertainty surrounds U.S. election
Some of the so-called “Trump trades” unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the U.S. dollar, Treasury yields and bitcoin. Trump Media & Technology Group closed up 12.37%, bouncing back from early losses of nearly 6%.
Sagility a niche play, better to wait for stock to trade first
Sagility India, a business process management services provider to the healthcare sector, plans to raise Rs 2,106 crore through an offer for sale. The company offers services to US-based health insurers and hospitals. While it operates at a higher margin, it faces risks from single-sector and single-market exposure.