Aurionpro Solutions on Tuesday, October 29, said it has bagged multiple significant orders in the data cetre sector, including consultancy and end-to-end design-and-build services for tier 3 data centres in India. The order wins include a comprehensive design and turnkey build execution project for an edge data centre in the NCR region for around ₹150 crore.
Open FlipShares of Bharat Electronics (BEL) are in focus on October 29 after the defence and aerospace company's fiscal second-quarter earnings beat Street estimates, driven by better-than-expected margin performance. Morgan Stanley has given an overweight call on 'BEL', setting a target price of Rs 364 per share. The company is projecting revenue growth of 15 percent for F25.
Open FlipThe shares of OBSC Perfection will debut on the NSE SME platform on Tuesday. Ahead of the listing, the company's shares are trading with a GMP of Rs 6.Considering the upper price band of Rs 100, the stock is expected to list at a premium of 6% over the issue price. The IPO, which was completely a fresh equity sale of 66.02 lakh shares, was subscribed just over 16 times at close.
Open FlipShares of Bharti Airtel are expected to be in focus on Tuesday as the company reported strong Q2FY25 earnings though they were below Street's estimates. The consolidated net profit for the fiscal second quarter jumped 168% on-year on the back of strong average revenue per user (ARPU) growth and subscriber adds, although a Rs 318 crore exceptional loss caused it to miss estimates.
Open FlipTata Power has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. The acquisition includes the development of the 600 MW Khorlochhu Hydropower Project, costing approximately Rs 6,900 crore. This move aims to accelerate Tata Power's transition to clean energy. The company's shares rose marginally to Rs 425, up 78% over the past year.
Open FlipThe shares of Danish Power will debut on the NSE SME platform on Tuesday. Ahead of the listing, the company's shares are trading with a GMP of Rs 246.Considering the upper price band of Rs 380, the stock is expected to list at a premium of 64% over the issue price. The IPO was entirely a fresh equity sale of 52.08 lakh shares and through the issue, the company raised about Rs 198 crore.
Open FlipRobinhood announced on Monday that it will begin offering US presidential election event contracts amid growing demand for speculative trading products among retail investors, Reuters reported. The new feature will enable users to profit from speculating on the competitive race between Vice President Kamala Harris and former President Donald Trump.
Open Flip📌Tata Power on Monday said it has acquired 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. 📌Quess Corp reported a net profit of Rs 94 crore in the September quarter. 📌Federal Bank reported a net profit of Rs 1057 crore in the second quarter. 📌IGL posted a net profit of Rs 431 crore in the July-September 2024 period.
Open Flip📌GIFT Nifty signals a positive start. India VIX fell 2.3% to settle at 14.29 levels. 📌Oil prices edged up on Tuesday, after a sharp plunge in the previous session. 📌Foreign portfolio investors turned net sellers at Rs 3,228 crore on Monday. 📌DIIs bought shares worth Rs 1401 crore. 📌The rupee traded on a flat to positive note and settled 1 paisa higher at 84.07 against the US dollar on Monday.
Open FlipFord Motor Co. said full-year earnings would be at the low end of its forecast as the carmaker struggles with warranty costs and supply disruptions tied to recent hurricanes. Adjusted earnings before interest and taxes this year will be about $10 billion, down from a previous outlook for as much as $12 billion, the company said Monday. Analysts had expected $10.6 billion.
Open FlipAsian equities traded in a narrow range as traders prepared for the US election and key economic data that will set the stage for the next Federal Reserve decision. Shares rose in Sydney while Tokyo stocks were little changed and futures pointed to gains in Hong Kong. US futures were steady after most major groups in the S&P 500 gained at the start of the busiest week for corporate earnings.
Open FlipThe multi-year bull run in automobile shares is losing its steam as investor appetite for the sector is waning amid concerns over elevated stock valuations and sluggish vehicle demand. The Nifty Auto index has declined over 11% in the past month as against the 5.7% decline in the benchmark Nifty. Analysts said the Auto index could drop at least 10-15% from the current levels.
Open FlipVaishali Parekh said that the Nifty 50 Spot for today has support at 24,200 points, while the resistance lies at 24,500 points. 💰Castrol India Ltd. (CASTROLIND): Buy at ₹210; Target at ₹222; Stop Loss at ₹202. 💰Central Depository Services (India) Ltd. (CDSL): Buy at ₹1,486; Target at ₹1,580; Stop Loss at ₹1,420. 💰CSB Bank Ltd (CSBBANK): Buy at ₹312; Target at ₹330; Stop Loss at ₹300.
Open FlipWall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election, while sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East. The S&P 500 gained 15.4 points, or 0.27%, to 5,823.52, while the Nasdaq Composite gained 48.58 points, or 0.26%, to 18,567.19.
Open FlipGold prices held steady on Tuesday as investors looked forward to a slew of U.S. economic data for clues about the Federal Reserve's interest rate outlook. Spot gold edged up 0.1% to $2,744.51 per ounce by 0014 GMT. Prices hit a record high of $2,758.37 on Wednesday. U.S. gold futures were steady at $2,756.70. Spot silver was little changed at $33.70 per ounce.
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