Jubilant FoodWorks outpacing QSR sector as market share gains driving stock surge: Abneesh Roy
Also, the marriage season is going to be better and that will help a lot of the discretionary demand in terms of gifting, in terms of paints, etc. So, we do see that volume growth for most companies in H2 should be better, plus pricing growth of 2% to 3% will gradually come back
Why Gautam Duggad is overweight in IT & private bank stocks; down to neutral in consumption
Gautam Duggad, Head of Research at Motilal Oswal, shares his insights on the shifting landscape of the Indian consumption sector. While reducing their exposure to consumer discretionary stocks, they are finding opportunities in specific areas like jewelry, hotels, and food delivery. Their current focus has shifted towards sectors like IT, private banks, real estate, and […]
Zinka Logistics IPO: GMP at 8% ahead of issue opening on Wednesday
Zinka Logistics IPO: The Bengaluru-based company has set a price band of Rs 259-273 per share for its offer. The issue includes a fresh share issuance worth Rs 550 crore and an offer for sale (OFS) from existing shareholders of up to 2,06,85,800 shares, valued at Rs 564.72 crore at the upper end of the […]
UPL shares rise nearly 6% despite widened Q2 loss, analysts weigh
Shares of UPL surged 5.6% to Rs 552.70 on Tuesday after the agrochemical company reported a net loss of Rs 443 crore for Q2 FY25, more than 2.3 times higher than the loss in the same period last year. Revenue for the quarter increased to Rs 11,090 crore, up from Rs 10,170 crore, driven by […]
Sagility India shares surge nearly 10% post listing
Sagility India Share Price: Sagility India’s shares opened modestly above the anticipated Rs 0.3 per share. The company had a fair stock market debut, with its IPO seeing a moderate subscription rate of 3.2 times. This positive listing is notable given the company’s niche focus on the US healthcare market, influenced by regulatory and economic […]
NMDC shares slip 4% even as co announces 2:1 bonus issue, reports 23% YoY jump in PAT
NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.
Shree Cement shares fall 4% after Q2 results disappoint. Should you invest?
Shree Cement’s shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
ONGC shares jump over 2% after Q2 PAT surges 17% YoY to Rs 11,984 crore
ONGC shares rose 2.3% after reporting a 17% YoY profit rise to Rs 11,984 crore, driven by lower levies, despite a fall in revenue and oil prices.
Stocks to buy or sell today: Wipro, Infosys among top 6 trading ideas for 12 November 2024
Indian market is expected to open higher on Tuesday following positive global market trends. Market volatility is anticipated to decline. Analysts predict a range-bound trading session with immediate support and resistance levels identified. Specific stock recommendations for short-term traders are provided, including buy recommendations for Infosys, Axis Bank, Wipro, REC, and Bank of Baroda, and […]
Hot stocks: Brokerage view on Aarti Industries, Britannia, LIC and Hindalco
Brokerage firm Nuvama has given a Buy rating on Aarti Industries, signaling confidence in the company’s prospects. Meanwhile, Goldman Sachs has a Neutral rating on Britannia Industries, indicating a more cautious outlook on the FMCG giant’s performance.