GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Tata Power rallied 2.9% to an intraday high of Rs 439.50 on the BSE on Thursday after the company reported a net profit (before exceptional items) of Rs 1,533 crore for the September 2024 quarter, compared with Rs 1,017 crore in the same quarter last year. This represents a 51% year-on-year (YoY) increase. Meanwhile, revenue from operations fell 1% YoY to Rs 15,247 crore. Consolidated EBITDA for the quarter rose 23% to Rs 3,808 crore, driven by increased solar manufacturing, favorable regulatory developments in distribution, and enhanced operational efficiency across businesses. The company also stated that it is well on track with its planned capital expenditure (Capex) for the financial year, having spent Rs 9,100 crore during H1 out of a total of Rs 20,000 crore. The transmission portfolio now stands at 7,049 circuit kilometers (Ckm), including 4,633 Ckm that are commissioned and 2,416 Ckm currently under construction. Also r...

[hfe_template id='11223'] [ad_1] Synopsis In October, the bears made no distinction between large-, mid- or small-cap stocks – mauling them equally. The market behavior during the month underlined the importance of adhering to the basic principles of equity investing. First, remember that when you buy a stock, you own part of a business – and how the business is doing is more important than any movement of the Nifty. Second, if you are a long-term investor, a month of selling should not bother you. It has happened in the past, and will happen in the future as well. So, keep your focus on the business underlying the stock. Check for changes in the environment, and whether they are positive or negative for the business. Last, but not the least, do your homework before investing – not after investing. The mayhem in the market all through the month of October may appear to be unexpected. But hindsight tells us that there were – and still are – many signs indicating a phase o...

[hfe_template id='11223'] [ad_1] Biopharmaceutical company Biocon's shares fell 6% to Rs 320.80 in Thursday trade on the BSE after the firm reported a second-quarter loss, impacted by a deferred tax charge. The drugmaker's net profit plunged 84.2% year-on-year (YoY) in Q2 to Rs 27.1 crore, sharply down from Rs 172 crore reported in the same quarter of the previous fiscal year. Operational performance also deteriorated, with the EBITDA margin squeezing to 19% in Q2, down from 21% in the same period last year. Despite the weak bottom line and operational performance, the company's revenue from operations increased by 3.7% to Rs 3,590.4 crore, up from Rs 3,462 crore in Q2 of FY24. At the operating level, EBITDA dipped 7.6% to Rs 685.5 crore in the second quarter of this fiscal, compared to Rs 741.3 crore in the year-ago period. Should you buy, sell, or hold Biocon's stock? Here's what analysts say: Axis Securities Axis Securities has maintained its '...

[hfe_template id='11223'] [ad_1] With rich valuations and slowing corporate earnings spoiling a festive October, Dalal Street is ending Diwali month as the worst one since 2020's market crash during Covid amid record FII outflow that has crossed the Rs 1 lakh mark in the secondary market. "India has been underperforming in October with Nifty down 5.7%, when markets in the US and Japan have delivered positive returns and China and Hong Kong have hugely outperformed. India’s underperformance is driven by lofty valuations, relentless FII selling, and concerns over slowing earnings growth. In the near term, this scenario is unlikely to change, reversing the trend decisively, even though mild pullbacks are possible," said Dr. V K Vijayakumar of Geojit Financial Services. Given the current geopolitical events and the impending US elections, analysts expect the Sensex and Nifty to deliver modest returns going forward, with large caps outperforming mid and small ca...

[hfe_template id='11223'] [ad_1] IRFC Share Price 155.96 03:59 PM | 31 Oct 2024 0.41(0.27%) Suzlon Energy Share Price 66.95 03:59 PM | 31 Oct 2024 -1.18(-1.74%) IREDA Share Price 210.04 03:59 PM | 31 Oct 2024 -0.18(-0.09%) Tata Motors Share Price 834.05 03:59 PM | 31 Oct 2024 -6.16(-0.74%) YES Bank Share Price 20.4 03:59 PM | 31 Oct 2024 -0.33(-1.55%) HDFC Bank Share Price 1735.7 03:59 PM | 31 Oct 2024 1.11(0.07%) NHPC Share Price 82.6 03:59 PM | 31 Oct 2024 0.57(0.7%) RVNL Share Price 471.8 03:59 PM | 31 Oct 2024 6.45(1.39%) SBI Share Price 820.2 03:59 PM | 31 Oct 2024 -2.25(-0.28%) Tata Power Share Price 440.05 03:59 PM | 31 Oct 2024 13.06(3.06%) Tata Steel Share Price 148.56 03:59 PM | 31 Oct 2024 -0.41(-0.28%) Adani Power Share Price 592.7 03:59 PM | 31 Oct 2024 0.66(0.11%) PayTM Share Price 758.9 03:58 PM | 31 Oct 2024 6.8(0.91%) PNB Share Price 97.9 03:59 PM | 31 Oct 2024 -2.06(-2.07%) Zomato Share Price 241.75 04:00 PM | 31 Oct 2024 -5.1(-2.07%) BEL Share Price 28...

[hfe_template id='11223'] [ad_1] Many stocks recently witnessed an over-correction, as high as 15%, when the Nifty index corrected 8% as of October 24 from it's all-time high of 26,277.35 made on September 24. The index is now trading below the 24,300 level and also below most of its significant exponential moving averages (EMAs). Domestic brokerage firm Emkay Global in a report stated that 64% of the stocks in their coverage universe have fallen more than 15% from their 52-week high, which may now provide an attractive opportunity if they buy this dip. However, it is to be noted that the negative momentum may not turn around immediately in these stocks, but they are all attractive from a 1-year perspective. Below is the list of the same: IndusInd Bank The MFI pain is temporary and this is not a classical down-cycle that wipes out large parts of the book. The bank’s decision to sacrifice growth rather than compromise on credit standards is an overlooked positive. The...

[hfe_template id='11223'] [ad_1] Shares of Elcid Investments soared 5% in Thursday’s trade, hitting the upper circuit at Rs 2,48,062.5 on the BSE. This rally extends Elcid's remarkable rise, which has captured market attention due to its transformation from a little-known smallcap stock to India’s most expensive one, surpassing even MRF’s per-share price. On Wednesday, Elcid made headlines with an unprecedented jump of 66,92,535%, rising from Rs 3.53 to Rs 2,36,250 following a special call auction session on October 29, organised to uncover the fair value of undervalued holding companies. On Thursday, the stock surged even higher, reaching Rs 2,48,062.5 — a leap from Rs 3.53 that now comes out to be an astonishing 70,27,166%. The October 29 auction session established a fair value for Elcid shares at Rs 2.25 lakh, still significantly below the company’s substantial book value of Rs 5,85,225 per share. Elcid has also been known for generous payouts, with a dividend of...

[hfe_template id='11223'] [ad_1] Mumbai: In the global money hubs, the EM menu now has a pretty varied spread - and Chinese isn't the staple dish any longer. The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China. And Mumbai is a key beneficiary of this shift, said fund managers. "India is expected to be a big beneficiary of such funds in the months to come," said Kailash Kulkarni, CEO, of HSBC Mutual Fund. "India is structurally placed very well, with the economy fueled by multiple themes. Fiscal discipline, growing forex reserves, and a currency that has been least volatile as compared with others have helped give a lot of confidence to global investors, who are looking at investing in growth markets." This year, more than 20 emerging market ex-China equity funds have launched - exceeding the total number introduced in all of...

[hfe_template id='11223'] [ad_1] ET Intelligence Group: The stock of Persistent Systems, a mid-tier IT services company, has gained 10% since its second-quarter result announcement last Tuesday, taking the three-month return to 20%. The stock has remained buoyant following the company's strong business momentum in the September quarter, even as the broader market has shown weakness. The key business vertical of hi-tech and emerging industries, where the revenue growth has been sluggish over the past few quarters, is likely to show a turnaround given the new deal wins. The company's management also expects to improve the operating margin in the second half of the fiscal year with rising utilisation levels. The company reported above 5% sequential revenue growth for the second consecutive quarter. Revenue grew by 5.3% to $345.5 million, driven by the banking, financial services and insurance (BFSI), and healthcare verticals, contributing 59% to the top line. Each o...

[hfe_template id='11223'] [ad_1] Domestic markets experienced volatility on Wednesday and ended down nearly half a percent amid mixed signals. In today's trade, shares of Tata Investment, Tata Power, L&T, Wipro, Biocon among others will be in focus due to news developments and second quarter results. Tata Investment Shares of Tata Investment will be in focus in Thursday's trade as the company will announce quarterly numbers for the July-September 2024 period. Tata Power The company reported a net profit (before exceptional items) of Rs 1533 crore in the September 2024 quarter, compared with Rs 1,017 crore in the year-ago quarter. This is an increase of 51% year-on-year. Read more: Here's the trade setup for today's session Godavari Biorefineries Ace investor Madhuri Madhusudan Kela on Wednesday bought 5 lakh shares in debutant Godavari Biorefineries through a block deal. Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Ku...