F&O Talk: Big break above 23,200 can open doors for 23,500 for Nifty; Sudeep Shah picks 6 stocks ahead of Diwali
Nifty could extend its recovery towards 23,500 if it decisively breaks above the 23,150–23,200 resistance zone, says SBI Securities’ Sudeep Shah. He also shares his outlook on IT, midcap and smallcap indices, sector trends and six stocks, including TVS Motor, Coforge and ICICI Bank, ahead of Diwali.
IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
Reliance Retail Q2 profit takes a hit on Qcomm push
Reliance Retail Ventures reported a significant drop in net profit, down 24.5% year-on-year to ₹2,619 crore in the last quarter. Despite this, revenue improved by 5.8% to ₹80,220 crore, largely driven by a surge in grocery sales. The company’s profitability was affected by strategic investments and evolving festive season patterns, alongside rising finance costs stemming […]
LIC Housing Fin Q2 net profit grows 12% YoY
LIC Housing Finance experienced a 12% year-on-year increase in consolidated net profit, reaching ₹1,507 crore. Total income for the quarter rose by 1.5% compared to the previous year. A notable improvement in asset quality contributed to the positive financial outcome and led to the reversal of impairment charges. Gross non-performing assets decreased significantly, highlighting better […]
New India slips into red with 1,267 cr loss in Q2
New India Assurance Company has revealed a concerning net loss of ₹1,267 crore for the September quarter, sharply contrasting with last year’s profit of ₹63 crore. The sharp downturn is attributed to underwriting losses in key segments such as property, motor, and health insurance. Despite this, gross written premiums showed a modest increase of 5.14% […]
Bank of Baroda’s Q2 profit surges 36% YoY on NSE stake sale
In a remarkable financial performance, Bank of Baroda reported a staggering 36% rise in net profit for the second quarter, reaching ₹6,532 crore. This surge was propelled by significant non-interest income, recoveries from previously written-off accounts, and gains from the partial sale of its stake in the National Stock Exchange.
Diwali stock picks: SBI Securities lists 11 stocks with up to 22% upside potential. Do you own any?
As India prepares to celebrate Diwali next week, investors will welcome Samvat 2083 after a challenging year for equities.SBI Securities expects a gradual recovery after two years of consolidation. The primary catalyst for this recovery, according to the brokerage, will be a pullback in crude oil prices below $90 per barrel.“We remain optimistic about forward […]
Oil prices soar 14% in October to end at 6-month high as US weighs fresh attacks after midterm elections. More upside ahead?
Brent crude rose 13.6% in October to settle at a six-month high of $117.64 a barrel, as fears of fresh US strikes on Iran and threats to shipping through the Strait of Hormuz fuelled supply concerns. Analysts warn of further volatility, with Goldman Sachs flagging a possible rise to $120.
Varun Beverages Q3 net profit rises 13% YoY, but margins fall
Varun Beverages recorded a substantial net profit increase of 13.5% for the quarter ending September 2026. Although there was strong revenue growth attributed to both local and international sales, the company’s shares dropped because of shrinking operating margins. Challenges arose from heightened packaging costs and sugar price surges affecting gross margins. Additionally, Varun Beverages solidified […]
Global Markets | European shares stumble at end of best month since June on AI worries
European stock markets slid as a global selloff in technology rattled investors, with the pan-European STOXX 600 index closing in negative territory. Concerns over soaring AI infrastructure costs loomed large. However, to add a silver lining, euro zone growth exceeded forecasts amid climbing inflation and borrowing costs, while firms such as Universal Music Group and […]