Oil prices edge up, US plan to refill reserve offers support
Tue, Oct 29, 2024 8:33 AM

Oil prices edge up, US plan to refill reserve offers support

Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a U.S. plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East. Brent crude futures climbed 44 cents, or 0.6%, to $71.86 a barrel by 0025 GMT, while U.S. West Texas Intermediate crude was at $67.83 a barrel, up 45 cents, or 0.7%.

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AA Plus Tradelink Ltd Hit Upper Circuit As Board Announces 10:1 Stock Split
Mon, Oct 28, 2024 7:38 PM

AA Plus Tradelink Ltd Hit Upper Circuit As Board Announces 10:1 Stock Split

AA Plus Tradelink Limited has announced that its Board of Directors convened and held a meeting, during which they approved a 1:10 stock split, subject to shareholder approval. This stock split will divide each equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1 each, aiming to increase liquidity and accessibility for retail investors.

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US spirits market remains under pressure – NABCA data
Mon, Oct 28, 2024 7:37 PM

US spirits market remains under pressure – NABCA data

The US spirits market remained a tough trading environment in September, with sales by volume and value declining across most categories, new data shows. In September, total sales volumes were down 1.8% year on year to 4.84 million nine-litre cases, while sales value dropped 3.5% to $1bn, figures from the National Alcohol Beverage Control Association (NABCA) show.

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Sky Gold Ltd Stock Surges Over 2,000 Per cent in Just 2 Years!
Mon, Oct 28, 2024 7:36 PM

Sky Gold Ltd Stock Surges Over 2,000 Per cent in Just 2 Years!

At the start of the day's trading session, the Sky Gold Ltd. stock opened at Rs 3478.30 per share, compared to the previous day's closing figure of Rs 3434.35 per share on the BSE. Finally, the shares closed at Rs 3478.30 per share. The company's current market capitalization stands at Rs 5097.10 crore, and the stock has generated an impressive multibagger return of over 400% in the past 1 year.

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US stocks open higher ahead of megacap earnings
Mon, Oct 28, 2024 7:34 PM

US stocks open higher ahead of megacap earnings

Wall Street rose at the open on Monday, recovering some losses following a turbulent trading week, ahead of key corporate earnings and the final phase before the Nov. 5 presidential election. The Dow Jones Industrial Average rose 150.1 points, or 0.36%, at the open to 42,264.54. The S&P 500 rose 25.8 points, or 0.44%, at the open to 5,833.93, while the Nasdaq Composite rose 129.6 points.

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Momentum Picks: Best Swing Trading Stocks to Keep an Eye On!
Mon, Oct 28, 2024 7:33 PM

Momentum Picks: Best Swing Trading Stocks to Keep an Eye On!

📌Indian Bank is a swing trading stock, showing a significant price move as it trades at Rs 551.95, up 10.72 per cent from its previous close of Rs 498.5. 📌ICICI Bank Ltd, trading at Rs 1294.4, saw a 3.10 per cent increase from its previous close of Rs 1255.45 and hit a high of Rs 1307.8. With a substantial trading volume of around 2.41 crore shares.

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Capacit'e Infraprojects Ltd bags new orders from Signatureglobal (India)
Mon, Oct 28, 2024 7:24 PM

Capacit'e Infraprojects Ltd bags new orders from Signatureglobal (India)

Capacit'e Infraprojects Limited has received work orders worth Rs 1,203 crore (Excl GST) from Signatureglobal (India) Limited, a new client, for the construction of the civil structure and Part MEP work for all towers & basements and all other ancillary buildings” in their Group Housing Project namely, “Titanium SPR (Phase-1 and 2)” at Sector 71, Gurugram, Haryana.

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After a slow Q2, two-wheeler sale on recovery path driven by festive demand
Mon, Oct 28, 2024 7:22 PM

After a slow Q2, two-wheeler sale on recovery path driven by festive demand

The ongoing festive season, which started on the first day of Navratri (October 3 this year) and will conclude for 15 days after Dhanteras (November 1), has brought some buoyancy to the two-wheeler retail market. As per data from Vahan, the national vehicle registry services provider, two-wheelers registrations (excluding electric ones) rose 10.5 percent in the 28 days of October so far.

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Pfizer India Q2 Results | Net profit rises 6% to ₹158 crore
Mon, Oct 28, 2024 7:20 PM

Pfizer India Q2 Results | Net profit rises 6% to ₹158 crore

Pfizer Ltd on Monday (October 28) reported a 6.3% year-on-year (YoY) increase in net profit at ₹158.4 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Pfizer posted a net profit of ₹149 crore, the company said in a regulatory filing. The drug firm’s revenue from operations grow 2.3% to ₹588.6 crore against ₹575.2 crore in the year.

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Tamilnad Mercantile Bank Q2: Record net profit soars to ₹303 cr
Mon, Oct 28, 2024 7:19 PM

Tamilnad Mercantile Bank Q2: Record net profit soars to ₹303 cr

Tamilnad Mercantile Bank Ltd (TMB) reported a strong Q2 FY2025, with net profit rising by 10.6% to ₹303 crore compared to ₹274 crore in the same period last year. Operating profit saw a robust increase of 27.4%, reaching ₹465 crore from ₹365 crore in Q2 FY2024. The bank’s net interest income (NII) also improved, climbing 11.9% to ₹596 crore, reflecting efficient interest management.

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Expect price hikes to hold as China stimulus, infra focus takes effect
Mon, Oct 28, 2024 7:15 PM

Expect price hikes to hold as China stimulus, infra focus takes effect

Metals giant JSW Steel Ltd's Joint Managing Director and Chief Executive Officer Jayant Acharya said in an interaction with Moneycontrol that the recent upward movement in steel prices is expected to hold, as China introduces measures to improve consumption at home, and in India, infrastructure projects are expected to ramp up after a slow April-September marred by election.

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Deepak Builders & Engineers disappoints investors on market debut
Mon, Oct 28, 2024 7:14 PM

Deepak Builders & Engineers disappoints investors on market debut

Construction company Deepak Builders & Engineers India has disappointed investors with its listing performance as shares corrected 20 percent on the debut day, October 28, despite healthy IPO subscription numbers. The stock started off at Rs 200 (which was also its day's high) on the NSE, lower by 1.5 percent compared to issue price of Rs 203.

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Apollo Micro Systems Q2: Cons PAT grows to Rs 16 crore
Mon, Oct 28, 2024 7:09 PM

Apollo Micro Systems Q2: Cons PAT grows to Rs 16 crore

Apollo Micro Systems Ltd (AMSL) reported a two-fold increase in its consolidated profit after tax, reaching approximately Rs 16 crore for the second quarter ended September 2024, driven by higher income. The company had recorded a profit after tax (PAT) of Rs 6.55 crore in the July-September quarter of the previous fiscal, AMSL said in a statement on Monday.

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Tarmat Limited bags new order from Mumbai International Airport Ltd
Mon, Oct 28, 2024 7:07 PM

Tarmat Limited bags new order from Mumbai International Airport Ltd

Tarmat Limited has been awarded a contract worth Rs. 23,90,55,919 to construct Taxiway M (Phase 1) and other works at the Airside of Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai. This domestic contract, awarded by Mumbai International Airport Limited, requires Tarmat Limited to complete the civil works within six months from the date of the Notice to Proceed.

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In data: China’s online shopping boom, e-commerce market hits $2.2 trillion
Mon, Oct 28, 2024 7:00 PM

In data: China’s online shopping boom, e-commerce market hits $2.2 trillion

According to GlobalData's 2023 Financial Services Consumer Survey, carried out in Q2 2023, the Chinese e-commerce market is anticipated to grow at a compound annual growth rate (CAGR) of 9.9% between 2024 and 2028 to reach CNY25.4trn ($3.6trn) in 2028, driven by the ongoing shift in consumer preference from offline to online shopping. Ravi Sharma, lead banking and payments analyst at GlobalData.

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