Zepto founder on $5-bn valuation, IPO plans & how quick commerce is creating more jobs than Indian Railways
Zepto CEO Aadit Palicha envisions quick commerce as a massive job creator, surpassing even Indian Railways. He refutes claims of harming local stores, citing data that shows quick commerce is expanding the market alongside a growing economy. Palicha emphasizes Zepto’s focus on profitability and disciplined capital allocation, aiming for an IPO potentially next year.
VST Industries shares jump 4% on sale of immovable property for Rs 101 crore
VST Industries, a company partially owned by Radhakishan Damani, saw its shares rise 4% after announcing the sale of its Hyderabad property for ₹101.7 crore. The buyer is not affiliated with the promoter or promoter group. Despite the recent surge, the stock has experienced declines over the past six months.
Stocks to buy today: TCS, DLF among top 9 trading ideas for 25 November 2024
The Indian market is predicted to rise, fueled by positive domestic signals and increased optimism in the options market. Traders are showing bullish sentiment with significant put-writing activity. The Nifty50 could reach 24,500 if it breaks through the 24,000 resistance level.
Positive Breakout: These 6 stocks close cross above their 200 DMAs
In the NSE large-cap pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 22, 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 […]
ETMarkets Smart Talk: Gold and Silver: Tarun Birani on their appeal amid economic uncertainty
Despite these headwinds, India’s macroeconomic framework remains solid. The country’s GDP is expected to maintain robust growth in 2024, underpinned by strong domestic demand and reliable growth catalysts.
These 10 stocks to trade ex-dividend from Tuesday. Last chance to buy for eligibility
Ten stocks, including Sun TV Network and Gillette India, are set to trade ex-dividend on Tuesday, November 28th. Investors have until the end of trading Monday to purchase shares and qualify for dividend payouts. The ex-dividend date determines which shareholders are eligible to receive the declared dividends from these companies.
F&O Ban List: Adani Enterprises, NALCO among 7 stocks under trade ban on Monday
Seven stocks, including Aarti Industries and Adani Enterprises, faced trading restrictions on Monday as their open interest exceeded market limits. Despite a previous day decline, Indian equity markets rebounded strongly on Friday, driven by gains in IT and banking sectors, with Reliance Industries playing a significant role.
Asian shares, bond futures bounce on Bessent pick for US Treasury
Benchmark 10-year Treasury futures were up 13 ticks, ahead of the cash open and S&P 500 futures rose 0.4% to just shy of a record high while the dollar was weaker across the board, lifting the battered euro by 0.5% to $1.0484.
Nifty bullish on charts, could aim at 24,500 : Analysts
Stocks such as L&T Technology Services, Bharti Airtel, HCL Tech, Infosys, Tech Mahindra, Ipca Labs, Divis Labs, DLF, and National Aluminium show bullish chart patterns, indicating potential upside moves, according to analysts.
India Inc’s interest cover weakens with slipping top & bottom lines
Indian companies faced a decline in interest coverage ratio to 4.8% in the September quarter. This was due to rising interest costs and slower growth in operating profit. Interest costs surged by 7.2% year-on-year, while revenue growth slowed down to 4.9%. Higher working capital requirements and increased borrowings further impacted the ratio.