Geojit Financial Services's report on Daily Agri Picks. Farmers in Gujarat have sown kharif crops over 8.49 million hectares as of Oct. 14, down slightly by 1.4% on year, according to the final kharif sowing report released by the state's agriculture department. The state had kharif crops sown over 8.61 million hectares in the same period last year.
Open FlipDrug maker Cipla's shares will be in focus during Wednesday's trading after the company posted a 15% growth in its consolidated net profit, reaching Rs 1,303 crore for the quarter ended September 2024, compared to Rs 1,131 crore in the year-ago period. The profit exceeded the ET Now poll estimates of Rs 1,218 crore. Revenue from operations rose 6% year-on-year (YoY) to Rs 7,051 crore in the July.
Open FlipDefence Stock Mazagon Dock Shipbuilders remains in focus as today . 30 October is the record date for dividend payout The Board of Directors of Mazagon Dock Shipbuilders at their meeting held on 22 October 2024 had declared an interim dividend of Rs. 23.19 per equity share of Rs. 10 each fully paid-up for the financial year 2024-25. The Company had fixed Wednesday, 30 October 2024.
Open FlipPrestige Estates Projects has reported a decline of 74.23 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax stood at Rs 234.60 crore in Q2 FY25 as against Rs 910.30 crore it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 2,423.80 crore.
Open FlipShares of Voltas plunges over 6% to trade at intra-day low of Rs 1657 on NSE following the company's impressive financial results for the September quarter. Voltas reported a staggering 269% year-on-year (YoY) increase in consolidated net profit, reaching Rs 133 crore compared to Rs 36 crore in the same period last year. This growth was primarily fueled by a 56% surge in volume.
Open Flip📈 Amid weak global cues, domestic benchmark indices started gap-down on 30 Oct 2024 📢 At 9:16 AM, the Sensex tanked 318.42 points or 0.40% at 80,050.61, and the Nifty plunged 104.05 points or 0.43% at 24,362.80. 📊 Cipla (⬇️4.15%), Voltas (⬇️3.45%) and M&M (⬇️1.89%) appeared as the top losers on the Nifty 50 at the Open. Torrent Pharma, Marico and Hitachi stocks are in focus today.
Open FlipIt's not often that a stock returns 66,92,534% in trading session. So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday's trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.
Open FlipIndian markets have seen a stellar run, with the Nifty returning 25% since last Diwali, driven by strong corporate earnings growth and increased retail investor participation, despite concerns over rich valuations. The market may not replicate this performance without strong foreign investor participation, with large-caps likely to outperform mid-caps and small-caps.
Open FlipThe Delhi High Court ordered the auction of the Fortis trademark to execute a ₹3,500 crore arbitral award in favor of Daiichi Sankyo and against the former Ranbaxy promoters, brothers Malvinder Mohan Singh and Shivinder Mohan Singh. The court's decision came on an application filed by Daiichi Sankyo seeking the sale of the Fortis trademark.
Open FlipIndustrial equipment maker IDEX Corp raised the lower end of its 2024 profit forecast on Tuesday after beating third-quarter profit and revenue expectations, driven by a recovery in demand within its health and science division. IDEX now expects its full-year adjusted profit to be between $7.85 and $7.90 per share, marginally higher than its previous forecast of $7.80 to $7.90.
Open Flip📌L&T, Tata Power and Dabur will be in focus as the companies will announce their second quarter results today. 📌Torrent Pharma are expected to remain in focus on as company's promoter could sell 2.9% stake. 📌Marico reported a 20% in consolidated net profit to Rs 433 crore for the Sept quarter. 📌NTPC announced commissioning of commercial operations of a 32.90 MW solar plant in Rajasthan.
Open FlipAsian stocks eked out gains following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision. Shares gained in Japan, but slipped in Australia and South Korea. US contracts advanced in Asia after the S&P 500 closed up 0.2% and the Nasdaq Composite rose to a record.
Open Flip📌Nifty 50 ended the previous trade session 1,810.5 points away rom its record high of 26,277.35. 📌Wall Street indices were mixed. 📌Nasdaq hit a fresh record high, while the Dow Jones continued to underperform and the S&P 500 ended with minor gains. 📌Asian equities gained in early trade today. 📌Indian stocks react to quarterly earnings, with Marico, CONCOR, and others reporting.
Open FlipBank shares jumped on Tuesday, emerging as the top gainers in the day's trading, as investors lapped up shares of some larger lenders amid uncertainty over near-term market prospects. The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday.
Open FlipThis Dhanteras, jewellery and gold demand dropped 10-15% by volume, but value sales rose 25% due to high prices, with consumers opting for lightweight and diamond-studded jewellery, and silver demand increasing 30-35%. Total gold sales are estimated at 22 tonnes, down 12% from last year, with gold prices up 30% year-on-year.
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