Onion prices likely to cool down further with arrival of new kharif crop: Govt official
Onion prices in India are anticipated to decrease further due to the arrival of the new kharif crop. The government has been selling onions from its buffer stock at subsidized rates to combat recent price increases. Over 4,850 tonnes of onions have been transported via railway to major cities, including Delhi, to enhance supply and […]
Festivals take e-toll collections to a record ₹6,000 crore in October
India witnessed its highest-ever monthly electronic toll collection in October, reaching ₹6,114.92 crore. This surge, a 7.6% increase from the previous six-month average, signals robust economic activity driven by festive spending and increased travel during Dussehra and Diwali.
Tech view: Nifty hits 200 DEMA, break below may test 23,200 level. How to trade tomorrow
A decisive break below 23,500 could drive the index further down to the 23,300-23,200 range, where trend line support is located. While the overall market sentiment seems negative, it remains to be seen how Nifty performs around the 200-DEMA support, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
NTPC Green IPO proceeds will be used to meet capex needs; no OFS component: Management
NTPC Green Energy is set to launch its IPO. The company plans to raise Rs 10,000 crore. The IPO proceeds will fund ongoing and future green energy projects. NTPC Green Energy is confident in its competitive pricing strategy. The company aims to maintain strong financial performance and deliver value to investors.
Banking and finance sector holds promise for absolute positive returns: Vetri Subramaniam
There could be periods of the market in which you want to be 100% momentum and that will be the best strategy to run with at other points you might want low volatility, that will be the best strategy to run with.
Prosus gains $2 billion on Swiggy investment with IPO valuation
Prosus NV, Tencent’s top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent. Prosus and Naspers Ltd. invested $1.3 billion for a 31% stake in Swiggy, which is aiming for an IPO valuation of up to $11.3 billion in India.
Macquarie raises Zomato target prices but remains bearish
Macquarie raises Zomato’s target price to Rs 130 but maintains an ‘underperform’ rating due to growth risks. Zomato’s competitor Swiggy also attracts mixed ratings from brokerages.
Hyundai Motor shares fall 5% after Q2 results. What brokerages say
Hyundai Motor India Share Price: Hyundai India’s shares tumbled over 5% after the company reported a 16% decline in Q2 profit, citing weak demand and high discounts. Despite the challenging market conditions, several brokerages remain optimistic about Hyundai’s long-term growth prospects, driven by its SUV lineup and export opportunities.
Macquarie flags challenges for Swiggy, initiates ‘underperform’ rating with Rs 325 target price
Macquarie initiates an ‘Underperform’ rating on Swiggy, giving it a target price of Rs 325. They believe that while Swiggy has growth potential, profitability remains a challenge, particularly in the quick commerce segment. Swiggy’s IPO, meanwhile, saw a decent subscription rate and is set to debut on the stock exchange.
Samvardhana Motherson shares fall 3% despite reporting 222% YoY rise in Q2 profit
Samvardhana Motherson International saw a significant increase in net profit for the second quarter of the financial year 2025. The company’s net profit rose by 222.5% year-on-year. Revenue from operations also experienced a nearly 19% increase. Despite this positive financial performance, the company’s shares fell by 3.3% in early trading.