Q2 Results 2024 Live: 77 companies set to unveil earnings today
Wed, Oct 30, 2024 11:06 AM

Q2 Results 2024 Live: 77 companies set to unveil earnings today

Q2 Results 2024 Live: The second quarter earnings season is in full swing, with 77 companies set to announce their quarterly results for the July-September 2024 period today. Key results to watch include L&;T, Tata Power, and Dabur. In addition to these, several other companies will also reveal their quarterly performance, including AIA Engineering, Biocon, Centrum Capital, D-Link, etc.

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Will domestic investors continue to cushion market declines?
Wed, Oct 30, 2024 11:04 AM

Will domestic investors continue to cushion market declines?

📌Foreign funds have sold over Rs 1 lakh crore in October. 📌Domestic funds have picked up almost equal value of shares. 📌FII selling in derivative markets behind the fall. 📌Steady SIP flows give mutual funds dry powder to capitalise on opportunities during a market fall. 📌Indian markets have managed to withstand significant selling pressure from foreign investors in April.

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RITES stock jumps 3% on MoU with SAIL-Bokaro Steel Plant
Wed, Oct 30, 2024 11:01 AM

RITES stock jumps 3% on MoU with SAIL-Bokaro Steel Plant

RITES shares surged over 3% after signing a Memorandum of Understanding with SAIL-Bokaro Steel Plant for project management consultancy services and securing a Rs 59.13 crore contract from UP State Bridge Corporation Limited for infrastructure project supervision. RITES shares are up 21% this year and 31% in the past 12 months.

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Dollar Steady, Aussie Weakens on Inflation Data
Wed, Oct 30, 2024 10:41 AM

Dollar Steady, Aussie Weakens on Inflation Data

The dollar hovered near a 3-month high on Wednesday in a critical week for economic data that may indicate the direction of U.S. monetary policy. However, the Australian dollar edged closer to a 3-month low. It’s because the inflation trends suggested that an interest rate cut by the Reserve Bank of Australia is unlikely this year. Mixed U.S. data overnight, indicating a softening job market.

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Gold and silver prices today on 30-10-2024: Check latest rates in your city
Wed, Oct 30, 2024 10:40 AM

Gold and silver prices today on 30-10-2024: Check latest rates in your city

Gold and Silver Prices Today: Gold prices experienced a slight increase on Wednesday. The cost of 24 carat gold is Rs.8063.3 per gm, reflecting an increase of Rs.670.0. The cost of 22 carat gold is Rs.7393.3 per gm, which is up by Rs.620.0.The price change in 24 carat gold over the past week has been -0.25%, while in the last month it has seen a decline of -3.79%.

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Accumulate Adani Wilmar; target of Rs 373: KR Choksey
Wed, Oct 30, 2024 10:39 AM

Accumulate Adani Wilmar; target of Rs 373: KR Choksey

Adani Wilmar's Q2FY25 revenue increased 17.9% YoY to INR 144,605 Mn, driven by strong growth in the Food & FMCG segment. EBITDA and adj. net profit also rose 294.1% and 302.8% YoY, respectively, but missed estimates due to high operating expenses. The target price is lowered to INR 373 per share, maintaining an 'ACCUMULATE' rating.

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Yellow metal prices hit new lifetime high, open at Rs 79,535/10 gm
Wed, Oct 30, 2024 10:25 AM

Yellow metal prices hit new lifetime high, open at Rs 79,535/10 gm

Amid the festive season, gold December futures prices opened at a new lifetime high of Rs 79,535/10 grams on Wednesday, gaining Rs 300 or 0.38% while silver opened flat at Rs 98,431/kg, down by 0.3% or Rs 300.Gold prices at MCX had also hit a new high of Rs 79,281/10 grams in Tuesday’s session, on the auspicious occasion of Dhanteras.

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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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