Over 20 MFs boost holdings in 9 stocks in Oct, with some surging up to 65% in FY25
An analysis by ETMarkets identified 9 stocks that were included in the portfolios of over 20 MF schemes in October 2024, marking an increase compared to September ’24.
NTPC Green Energy IPO looks well placed to take advantage of India’s expanding renewable energy landscape
The IPO valuation looks aggressive since the company is approaching the primary market in the initial stage of operations where capital expenditure (capex) is higher to build capacities while the benefit in terms of higher cash flows and profit will flow in subsequent years. Given these factors, the issue looks more suitable for long-term investors […]
Gujarat Gas, MGL best positioned amid city gas sector’s uncertainty: Probal Sen
The differential with alternate fuels like petrol and diesel is the highest in Mumbai and probably the lowest in IGL’s case, because in Delhi the tax structure is slightly different for even petrol and diesel compared to Bombay.
Oversold market poised for short-term rebound: Rohit Srivastava
And if we do not go beyond that and do start falling again, yes, we can create a case that this will become a further extended decline. But right now, at current levels, there are some oversold readings that allow us to look for some kind of a bounce back in the next one or […]
What should investors do with Honasa stock? Hemang Jani answers
Typically, for consumer companies you would not see this kind of major gaps versus expectations. Yes, I can understand that versus a certain growth that the market is expecting if there is a certain bit of disappointment, which has been the case with many consumer companies in this quarter.
HAL shares rally 4% after Q2 PAT jumps 22% YoY to Rs 1,510 crore
Hindustan Aeronautics (HAL) shares rose 4% after the company announced a 22% increase in net profit for the quarter ending September 30, 2024. The company’s net profit reached Rs 1,510 crore, up from Rs 1,237 crore in the same period last year. Revenue from operations also grew by 6% to Rs 5,976 crore.
Honasa downgraded to ‘Sell’ as shares plunge 20% amid Q2 weakness
Emkay Global downgraded Honasa Consumer, the parent company of Mamaearth, to ‘SELL’ from ‘BUY’ and slashed its target price by 50% to Rs 300 after the company reported its first quarterly loss in five quarters due to weak demand and distribution challenges.
CGD firms MGL, IGL shares nosedive 18% on APM gas allocation cuts
IGL Share Price: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a ‘Sell’ rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA […]
LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell’s indication of slower rate cuts
IT stocks came under pressure on Monday after US Federal Chair Jerome Powell’s comments suggesting a slowdown in interest rate cuts. Powell highlighted persistent inflation and a strong economy, allowing the Fed to approach decisions cautiously. Indian IT stocks, sensitive to US market moves, saw declines of up to 5%, with major companies like LTIMindtree […]
Hero MotoCorp shares rally 5% after Q2 PAT, revenue see double-digit growth. Should you invest?
Hero MotoCorp share price: Hero Motocorp’s shares surged 5% after reporting a 14% rise in Q2 net profit, reaching ₹1204 crore. Revenue grew 11% to ₹10463 crore, driven by record revenue from parts and accessories. Analysts are optimistic, citing rural market recovery, new launches, and strong brand equity as key growth drivers.