Tata Motors Ltd on Friday reported a marginal decline in its domestic and international sales at 82,682 units in October as compared to 82,954 units in the same month last year. Total domestic sales were marginally up at 80,839 units last month against 80,825 units in the year-ago period, Tata Motors said in a regulatory filing.
Open FlipJet fuel, or ATF, price on Friday was hiked by 3.3 per cent and rate of commercial LPG used in hotels and restaurants increased by Rs 62 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation turbine fuel (ATF) price was increased by Rs 2,941.5 per kilolitre, or 3.3 per cent, to Rs 90,538.72 per kl in the national capital.
Open FlipVaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes that Indian stock market bias has weakened Regarding stocks to buy today, she recommended buying: 📌HDFC Bank: Buy at ₹1738, target ₹1850, stop loss ₹1710; 📌BSE: Buy at ₹4480, target ₹5000, stop loss ₹4100; and 📌Jio Financial Services: Buy at ₹322, target ₹340, stop loss ₹310.
Open FlipMysuru Urban Development Authority (Muda) has initiated the transfer of 900 residential layouts on the city's outskirts to urban local bodies (ULB), bringing relief to 38,224 site owners. Muda administrator and deputy commissioner G Lakshikantha Reddy is overseeing this transition, which will enable site owners to obtain their pending khatas for years.
Open FlipThe New India Assurance Company Q2 Results : The New India Assurance Company declared its Q2 results on October 30, 2024, reporting a profit of ₹89.7 crore. This marks a significant turnaround from the previous fiscal year’s Q2, where the company posted a loss of ₹176.13 crore. The topline for the quarter saw a modest increase of 2.51% year-on-year, and revenue grew by 2.73%.
Open FlipMirc Electronics Q2 Results : Mirc Electronics announced its Q2 results on October 30, 2024, revealing a significant decline in revenue, which decreased by 21.66% year-over-year. The company reported a profit of ₹1.35 crore, a notable recovery compared to a loss of ₹6.43 crore during the same period last fiscal year.
Open FlipConcerns over slowing earnings growth, elevated valuations, rising geopolitical tensions, and recent developments in China have prompted foreign portfolio investors (FPIs) to pull out record funds from Indian equities in October, leaving Indian front-line indices to record the worst monthly performance in more than 4 years.
Open FlipWith Nifty ending Samvat 2080 with a 25% gain and scores of stocks in the broader market giving multibagger returns, investor wealth, as measured by the total market capitalization of all BSE-listed stocks, rose by Rs 128 lakh crore or about $1.5 trillion since last Diwali. Samvat 2080 now goes in record books as the highest wealth-creating year.
Open FlipKwality Pharmaceuticals Q2 Results : Kwality Pharmaceuticals declared their Q2 results on 30 Oct, 2024, showcasing a remarkable performance with the topline increasing by 29.27% year-over-year, while profit surged by 35.83% compared to the same quarter last year.In comparison to the previous quarter, the company reported a revenue growth of 12.43% and a profit increase of 1.36%.
Open FlipElectrosteel Castings Q2 Results : Electrosteel Castings declared their Q2 results on October 30, 2024, reporting a concerning downturn in both revenue and profit. The company’s topline decreased by 4.77% year-over-year, while profit fell by 11.11% compared to the same quarter last year.In a quarter-over-quarter comparison, Electrosteel Castings witnessed a more significant decline.
Open FlipKIOCL Q2 Results : KIOCL declared their Q2 results on 30 Oct, 2024, revealing a staggering decline in revenue and a significant increase in losses. The company reported a topline decrease of 96.26% year-over-year, while losses surged by 223.56%, raising concerns among investors. In comparison to the previous quarter, KIOCL’s revenue fell by 89.05%, and losses increased by 36.46%.
Open FlipPraveena Rai has taken over as Chief Executive Officer and Managing Director of the Multi Commodity Exchange (MCX), effective October 31, succeeding P.S. Reddy, with over 20 years of experience in the banking sector, including as CEO of National Payments Corporation of India and roles at HSBC and Kotak Mahindra Bank.
Open FlipWhile festivals are traditionally seen as auspicious times for investment, the current market mood might seem anything but optimistic. Despite current market challenges, investors can find potential in stocks like 📌Bajaj Finserv, 📌IDFC First Bank, and 📌Tata Motors. Analysing their fundamentals and technical indicators reveals opportunities for significant returns in a recovering market.
Open FlipEicher Motors reported its October auto sales on Friday, November 1. The total sales of Royal Enfield increased by 31% to 1.1 lakh units from the previous year's 84,435 units. A CNBC-TV18 poll, which pegged the total Royal Enfield sales at 84,435 units. Of these, models with 350 cc engine capacity witnessed a 64% increase in sales at 13,737 units, compared to last year's 8,360 units.
Open FlipFollowing weak global market sentiments, the Indian stock market ended lower for the second straight session on Thu. Regarding shares to buy today, stock market experts Sumeet Bagadia, ED at Choice Broking, and Ganesh Dongre of Technical Research at Anand Rathi, recommended buying these 5 shares: 📌Crisil, 📌Fortis Healthcare, 📌Natco Pharma, 📌Chambal Fertilisers, and 📌Sun Pharma.
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