Q2 results today: Just Dial among 6 companies to announce earnings on Friday
Six companies, including Just Dial, are set to announce their second-quarter results on Friday. Analysts predict this quarter might be the weakest in four years for corporate India, with Nifty earnings projected to grow by just 2%. Just Dial is anticipated to show a 75% rise in profit year-on-year, driven by growth in paid campaigns […]
Positive Breakout: These 7 stocks close cross above their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 10, 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 […]
Divi’s may not lose on Nifty exit, Trent faces entry test
A study by ETIG has shown that two out of three times over the past 10 years, the outgoing stock has either outperformed or matched the performance of the incoming stock in the Nifty.
Asian stocks climb as traders downplay hot CPI
A gauge of US-listed Chinese companies advanced Thursday, echoing gains in China in the prior session, as investors shifted their focus to a key meeting on fiscal policy this weekend. Hong Kong markets are closed for a holiday on Friday.
RBI accepts nearly Rs 25,000 crore bids in bond buyback
In its earlier auctions, the RBI accepted bids worth a smaller quantum than the total notified amount of the auction. This is because the central bank and the government were likely uncomfortable with the price levels that banks were earlier offering. The RBI is the manager of the government’s debt.
Adani Enterprises raises $ 500 million via QIP
The QIP attracted investors such as GQG Partners, Quant Mutual Fund, SBI General Insurance, SBI Life Insurance and HDFC Life Insurance along with a few ultra-high net worth individuals, the people said.
Market expects RBI to kickstart easing with a shallow cut in December
The Reserve Bank of India has shifted to a ‘neutral’ policy stance, increasing expectations of a rate cut in December. Most financial institutions anticipate a 25 basis point cut. Market participants will closely monitor inflation and growth indicators. The RBI’s decision provides flexibility for potential rate easing as inflation remains within legal limits.
Tata stocks rally, D-St confident RNT values will sustain
Tata Investment Corporation, TRF, Tata Teleservices (Maharashtra), Tata Chemicals, Automobile Corporation of Goa, Tata Elxsi, Tejas Networks, Nelco, Automotive Stampings & Assemblies, Tata Technologies, Tata Power Company, Rallis India, and Indian Hotels Company gained between 3% and 15% on Thursday.
TCS clear of clouds for now, but rough weather ahead
On the positive side, the traction in new deals for the banks, financial services, and insurance (BFSI) vertical showed improvement and headcount increased year-on-year for the first time in five quarters. Given the seasonal weakness in the remaining two quarters of the current fiscal year, the overall growth and margin trajectory may show stress on […]
TCS declares second interim dividend of Rs 10/share, sets October 18 as record date
Tata Consultancy Services (TCS) has declared a second interim dividend of Rs 10 per share, payable on November 5, 2024, with a record date of October 18, 2024. The announcement followed the release of Q2FY25 earnings, showing a 5% YoY increase in consolidated net profit to Rs 11,909 crore, falling short of analyst estimates.