Hindalco shares rally over 2% as Q2 profit beats estimates. Should you buy, sell, or hold?
Hindalco Share Price: Hindalco’s shares climbed after the company announced a significant jump in its second-quarter net profit. The company’s profit soared by 123% compared to the same period last year. This impressive performance was driven by strong results in its India business. Analysts are optimistic about Hindalco’s future prospects, with JP Morgan and Investec […]
Jubilant FoodWorks shares zoom nearly 7% even as Q2 PAT falls 31% YoY
Jubilant FoodWorks Share Price: Jubilant FoodWorks witnessed a surge in its shares despite a 31.5% YoY decline in profit, posting a PAT of Rs 66.53 crore. This growth was fueled by a 43% YoY increase in revenue, reaching Rs 1,954.70 crore. The company’s strategic initiatives, including new store openings and a focus on delivery services, […]
Positive Breakout: These 5 stocks close cross above their 200 DMAs
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 11, 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 200-day […]
Mangal Compusolution IPO opens today: Check issue size, GMP, price band and other details
Mangal Compusolution has launched its SME IPO to raise Rs 16 crore, offering shares at Rs 45 apiece. The IT hardware equipment rental and sales company aims to list on NSE SME. The IPO opened on November 12 and closes on November 14, with a potential listing date of November 20.
Big movers on D-Street: What should investors do with Hindalco, ONGC and Asian Paints?
Indian benchmark indices closed relatively flat on Monday, impacted by several factors including persistent selling by foreign institutional investors (FII), underwhelming quarterly earnings reports, and weak performance in Asian markets. Analysts suggest investors avoid buying Hindalco, ONGC, and Asian Paints at current prices due to various technical indicators and market trends.
Tesla options draw ‘euphoric’ trading as Trump win fires up stock
Tesla shares surged by 8% due to investors’ optimistic outlook on Elon Musk’s connection with then President-elect Donald Trump. The stock reached its highest point in over two years. Trading activity in Tesla options was exceptionally high, with a significant portion concentrated in short-term contracts. Analysts suggested that a Trump administration could be advantageous for […]
Reaching $100 b in Indo-Russian trade realistic: Jaishankar
India and Russia are aiming to achieve $100 billion in bilateral trade by 2030, according to Indian External Affairs Minister S Jaishankar. While optimistic about reaching this target, Jaishankar highlighted the need to address the trade imbalance, which currently favors Russia due to India’s oil imports. He urged for swift action on non-tariff barriers and […]
Q2 results today: Hyundai, Nykaa among 540 companies to announce earnings on Tuesday
Nykaa is predicted to experience a threefold increase in net profit for the second quarter, reaching Rs 1900 crore in revenue. This surge is attributed to the success of their beauty and personal care (BPC) sector. The fashion vertical also showed growth, with revenue growth in the early twenties.
Zinka’s truck with logistics tech needs a longer profit run
Zinka Logistics Solutions plans to raise Rs 1.115 billion through an IPO. The company provides digital platform solutions to truck operators. While it has shown traction, profitability remains a concern. Investors may wait for sustained profitable growth before investing. The promoter stake will fall to 28% post-IPO.
LIC drags down life insurers’ new business by 42% in Oct
This decline comes in the first month under new surrender value regulations effective October 1, with the updated rules creating product gaps and earlier sales push and festivals impacting demand.