Q2 Results: BCL Industries reports 64% jump in net profit to Rs 21 crore
Wed, Oct 30, 2024 10:24 AM

Q2 Results: BCL Industries reports 64% jump in net profit to Rs 21 crore

BCL Industries, a key player in the recycling sector, announced a significant rise in standalone net profit for the September quarter, with earnings surging 64 per cent to Rs 21.01 crore. This contrasts sharply with the Rs 12.83 crore loss reported in the same quarter of the previous fiscal year, 2023-24, as per the company’s exchange filing on Tuesday.

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Torrent Pharma stock drops 4% as promoter likely pares stake
Wed, Oct 30, 2024 10:21 AM

Torrent Pharma stock drops 4% as promoter likely pares stake

Shares of Torrent Pharma slipped as much as 4 percent on October 30 after a block deal worth Rs 3,238.90 crore took place in the counter with promoter Torrent Investments being the likely seller. At 09.33 am, shares of Torrent Pharma were trading at Rs 3,113.25 on the NSE. The block deal also tipped off a spike in trading volumes in the counter.

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Prestige Estates stock in focus after Q2 net profit plunges 77.4% YoY
Wed, Oct 30, 2024 10:17 AM

Prestige Estates stock in focus after Q2 net profit plunges 77.4% YoY

Prestige Estates Projects shares will be in focus after the firm reported a steep 77.4% year-on-year (YoY) decline in net profit to Rs 192.2 crore for the second quarter, driven primarily by a Rs 106 crore deferred tax impact linked to recent changes in the tax code, including the removal of indexation benefits on capital gains. The company’s revenue, however, edged up by 3% to Rs 2,304.4 cr.

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Adani Enterprises shares in focus after Q2 profit skyrockets 664% YoY
Wed, Oct 30, 2024 10:16 AM

Adani Enterprises shares in focus after Q2 profit skyrockets 664% YoY

Adani Enterprises' shares are in focus after reporting a 664% year-on-year jump in consolidated net profit to Rs 1,742 crore for the September quarter, driven by rapid growth in logistics, energy transition, and adjacent sectors. The company's board has approved a Rs 2,000 crore fundraising plan through Non-Convertible Debentures.

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Marico shares back among 'top picks' for Jefferies; Stock jumps 9%
Wed, Oct 30, 2024 10:14 AM

Marico shares back among 'top picks' for Jefferies; Stock jumps 9%

Marico's shares surged 9% after reporting strong September quarter earnings, driven by 5% domestic volume growth, 28% food revenue growth, and 8% growth in Bangladesh. Brokerages Jefferies and Nomura maintained their "buy" ratings, citing accelerated revenue growth and resilience in premium and mass consumption segments. Marico's shares are trading 5% higher at ₹660.35.

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Godavari Biorefineries shares list at nearly 13% discount
Wed, Oct 30, 2024 10:13 AM

Godavari Biorefineries shares list at nearly 13% discount

Shares of Godavari Biorefineries Ltd. made a negative debut on the stock exchanges. The company's shares listed at ₹308 on the NSE, marking a 12.50% discount to its issue price of ₹352 per share. Ahead of its debut, the company's shares were trading with a grey market premium of ₹5. Considering the upper price band of ₹352, the stock was expected to see a flat or even negative listing.

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Oil prices steady on shrinking U.S. crude inventories
Wed, Oct 30, 2024 10:00 AM

Oil prices steady on shrinking U.S. crude inventories

Oil prices stabilised on Wednesday on industry data showing a surprise drop in U.S. crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East. Brent crude futures gained 21 cents, or 0.3%, to $71.33 a barrel by 0002 GMT. U.S. West Texas Intermediate crude futures rose 22 cents, or 0.3%, to $67.43 per barrel.

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US election uncertainty lifts gold prices to record high
Wed, Oct 30, 2024 9:59 AM

US election uncertainty lifts gold prices to record high

📌Gold touched a record high on Wed, with U.S. election jitters supporting bullion prices. 📌Spot gold was up 0.1% at $2,778.27 per ounce, as of 0026 GMT. Bullion inched up to an all-time high of $2,778.79, marking a significant bullish run in market. 📌U.S. gold futures rose 0.4% to $2,790.60. 📌The Nov. 5 U.S. election has entered its final stretch, with uncertainty lifting bullion demand.

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Sumeet Bagadia recommends five shares to buy today!
Wed, Oct 30, 2024 9:58 AM

Sumeet Bagadia recommends five shares to buy today!

Shares to buy today: 📌Syrma SGS Technology: Buy at ₹492.50, target ₹520, stop loss ₹473; 📌AMI Organics: Buy at ₹1810, target ₹1945, stop loss ₹1745; 📌 Deepak Fertilisers: Buy at ₹1310, target ₹1400, stop loss ₹1260; 📌SJS Enterprises: Buy at ₹1145, target ₹1212, stop loss ₹1100; 📌Gillette India: Buy at ₹9399, target ₹10050, stop loss ₹9070.

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YEIDA to offer over 800 plots near Noida airport
Wed, Oct 30, 2024 9:56 AM

YEIDA to offer over 800 plots near Noida airport

YEIDA is launching a residential plot scheme near the Noida International Airport, offering 821 plots in Sectors 18 and 24A, with applications opening on October 31 and closing on November 30, and a draw scheduled for December 27. YEIDA CEO Arun Vir Singh said the scheme provides another chance for those eager to build homes close to the airport.

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What's at stake for China's markets at the US election
Wed, Oct 30, 2024 9:55 AM

What's at stake for China's markets at the US election

China's currency and equities will bear the brunt of a protectionist shift in the U.S. and are seen trading sensitively to the election's trade and foreign policy implications. Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export sectors.

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Alphabet’s pricey AI bet pays off with growth in Cloud, Search
Wed, Oct 30, 2024 9:54 AM

Alphabet’s pricey AI bet pays off with growth in Cloud, Search

Google parent Alphabet Inc. showed on Tuesday that an expensive foray into artificial intelligence is starting to pay off, delivering better-than-expected traction for its cloud computing business and driving more usage for its flagship search engine. Reporting healthy gains in both revenue and profit, Google did much to allay Wall Street concerns that the company has squandered an early lead.

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US election nerves are fueling bets on Asian sovereign bonds
Wed, Oct 30, 2024 9:52 AM

US election nerves are fueling bets on Asian sovereign bonds

Investors are turning to Asian sovereign bonds to ride out the US election, giving a boost to markets that have already benefited from billions of dollars of foreign inflows this year. Asset managers such as Allianz Global Investors, Franklin Templeton and Gama Asset Management are bullish on government debt in Asia ex-China.

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This microcap stock 1:8 bonus issue, 1:5 stock split record date tomorrow
Wed, Oct 30, 2024 9:52 AM

This microcap stock 1:8 bonus issue, 1:5 stock split record date tomorrow

Microcap stock Sellwin Traders, earlier in the month of September, had announced a bonus share issue in the ratio 1:8 along with a 1:5 stock split while fixing November 1 as the record date for the purpose. Since November 1 is a market holiday, October 31st becomes the ex-date. This means that in order to qualify for the said dividend, one needs to buy the shares of Sellwin Trader today.

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Stock market today: 5 stocks to buy on Wednesday — Oct 30
Wed, Oct 30, 2024 9:51 AM

Stock market today: 5 stocks to buy on Wednesday — Oct 30

Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for Tuesday. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi has suggested three stock ideas for today. These include 📌Dynamic Cables Ltd , 📌The Anup Engineering Ltd, 📌RBL Bank Ltd, 📌Emcure Pharmaceuticals Ltd and 📌Sun TV Network Ltd.

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