Bajaj Auto shares fall 5% as October sales data disappoints
Mon, Nov 4, 2024 10:38 AM

Bajaj Auto shares fall 5% as October sales data disappoints

Shares of Bajaj Auto fell by 5% to its day’s low of Rs 9,401 on the BSE after the company on Monday posted its October sales number reporting merely a 2% YoY rise to 4,79,707 units.The total number of vehicles sold was reported at 4,71,188 units in October 2023.The company reported its domestic sales figure for the 2-wheeler segment at 2,55,909 units, which has declined by 8% on a yoy.

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NCC Bags Major Contracts Worth ₹3,496 Crore Across Key Divisions
Mon, Nov 4, 2024 10:37 AM

NCC Bags Major Contracts Worth ₹3,496 Crore Across Key Divisions

NCC announced the acquisition of contracts totaling ₹3,496 Crore in October 2024, as reported in its filing on Friday, November 1. The company received these contracts from various central and state government agencies, as well as private organizations, showcasing its multi-sector expertise. At the time of writing on November 4, 2024 at 10:20 am, shares of NCC Ltd is trading at ₹310.25.

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Adani Ports reports 37.9 MMT cargo volume in October
Mon, Nov 4, 2024 10:36 AM

Adani Ports reports 37.9 MMT cargo volume in October

Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday, November 4, reported handling 37.9 million metric tonne (MMT) of cargo in October 2024, maintaining its trajectory toward its annual cargo volume targets. The October performance supports Adani Port's year-to-date (YTD) cargo volume of 257.7 MMT, an 8% growth compared to the same period last year, the company said in a stock exchange.

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All's not well with SBI Card!
Mon, Nov 4, 2024 10:35 AM

All's not well with SBI Card!

SBI Card, India’s second-largest credit card issuer, is facing significant headwinds as profitability shrinks and competition intensifies. In the quarter ended September 2024, the company posted a 32.9% drop in net profit, down to ₹404.42 crore from ₹602.98 crore in the same period last year. Finance costs surged 30% year-over-year to ₹788 crore, attributed to higher receivables.

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Afcons Infrastructure makes disappointing debut, lists at 8% discount
Mon, Nov 4, 2024 10:03 AM

Afcons Infrastructure makes disappointing debut, lists at 8% discount

Afcons Infrastructure was listed at Rs 426 on the National Stock Exchange, a discount of 8% to the issue price. Shapoorji Pallonji Group’s company’s IPO opened on October 25 and raised Rs 5,430 crore through fresh shares as well as an offer for sale. The IPO bidding closed on October 29. The allotment of shares was finalised on October 30.

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Azad Engineering stock soars over 14% on ₹700 crore order from Mitsubishi
Mon, Nov 4, 2024 10:02 AM

Azad Engineering stock soars over 14% on ₹700 crore order from Mitsubishi

Shares of Azad Engineering, a leading manufacturer of aerospace components and turbines, surged 14.3% to ₹1,670 apiece in early trade today, November 4, after securing a significant order.On Sunday, the company announced via an exchange filing that it had signed a Long-Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI), Japan.

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Tata Motors Shares Slump On Monday, But This Brokerage Sees 40% Upside
Mon, Nov 4, 2024 10:01 AM

Tata Motors Shares Slump On Monday, But This Brokerage Sees 40% Upside

Tata Motors’ share price was slumping on Monday morning as Mahindra and Mahindra continued to outsell the Tata Group auto manufacturer for the second straight month, maintaining its position as the third-largest passenger car player in the country. What Happened: However, analysts at Morgan Stanley remain upbeat about the stock’s performance. Morgan Stanley maintained its “equal weight” rating.

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Mahindra & Mahindra Jumps 4% On Kotak's Upgrade To 'Buy' Following Oct
Mon, Nov 4, 2024 10:00 AM

Mahindra & Mahindra Jumps 4% On Kotak's Upgrade To 'Buy' Following Oct

Shares of car maker Mahindra & Mahindra jumped nearly 4% after brokerages were bullish on the company following the release of its October sales data. What Happened: The company sold a total of 96,648 vehicles in October across domestic and international markets, surpassing analysts’ estimates. Of these, 93,142 vehicles were sold in the domestic market, while 3,506 vehicles were exported.

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NBCC shares in focus after winning orders worth Rs 235 crore
Mon, Nov 4, 2024 9:59 AM

NBCC shares in focus after winning orders worth Rs 235 crore

Shares of NBCC (India) are likely to remain in focus after the company announced that it has won 3 orders in its normal course of business amounting to a total of Rs 235.46 crore. The company has received an order for the construction of a multipurpose examination hall cum innovation centre from Mahatma Gandhi Kashi Vidyapith University Varanasi worth Rs 44 crore.

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Gensol Engineering Shares Rise 3% After Winning ₹780 Cr Order
Mon, Nov 4, 2024 9:58 AM

Gensol Engineering Shares Rise 3% After Winning ₹780 Cr Order

Shares of Gensol Engineering were on the rise on Monday morning. What Happened: The solar engineering procurement and construction (EPC) company said it won a large project from a public sector utility in Maharashtra. Under the project, the company will develop a 150-megawatt alternating current ground-mounted solar photovoltaic (PV) power plant with a total contract value of ₹780.

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Gensol Engineering bags ₹780 crore solar PV project in Maharashtra
Mon, Nov 4, 2024 9:42 AM

Gensol Engineering bags ₹780 crore solar PV project in Maharashtra

Gensol Engineering on Sunday, November 3, said it has bagged a solar PV project worth ₹780 crore from a leading public utility in Maharashtra. It is a large turnkey engineering, procurement and construction (EPC) order and invovles the development of a 150 MWac ground-mounted solar PV power plant. The same is to be executed over 15 months.

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Interested in options? Here’s how you can use VIX to time your trades
Mon, Nov 4, 2024 9:40 AM

Interested in options? Here’s how you can use VIX to time your trades

Warren Buffet once said that an investor should be fearful when others are greedy and be greedy when others are fearful. The famous value investor was talking about the equity market, but it turns out this applies even more to the options market. That’s because we can directly observe fear and greed in the options market, and profit from it.

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Hot Stocks: 4 stocks that may give returns between 16-29%
Mon, Nov 4, 2024 9:36 AM

Hot Stocks: 4 stocks that may give returns between 16-29%

A look at some of the latest stock recommendations by analysts. Analysts recommend four stocks with expected returns between 16% and 29% based on price targets: 📌Dabur, 📌Aditya Birla Capital, 📌Prestige Estate, and 📌Nykaa, citing favorable risk-reward ratios, stable earnings growth, and niche market positions.

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NSE, India's leading stock exchange, completes 30 years
Mon, Nov 4, 2024 9:34 AM

NSE, India's leading stock exchange, completes 30 years

National stock exchange (NSE), the leading stock exchange in India, completed 30 years on November 3. NSE started its operations in equity segment on Diwali day, 30 years ago on November 3, 1994. Since its launch, NSE has revolutionised India’s capital markets by introducing electronic trading and promoting fairness, efficiency and transparency.

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MCX shares in focus after Average Daily Turnover declines sharply in Oct
Mon, Nov 4, 2024 9:29 AM

MCX shares in focus after Average Daily Turnover declines sharply in Oct

Shares of Multi Commodity Exchange of India (MCX) Ltd. will be in focus on Monday after the exchange reported a sharp fall in its Average Daily Turnover for the month of October. Average Daily Turnover for the month of October declined to ₹9.36 lakh crore in October, down 21.2% from the ₹12.03 lakh crore figure in September.

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