CCL Products saw 22% YoY growth in topline due to 10% volume growth and high-margin product sales, despite steep coffee price inflation affecting contract bookings. Management remains positive on stabilizing coffee prices and reaffirms 10-20% volume growth guidance for FY25, supporting a 'BUY' rating and ₹881 target price.

A mystery trader, known as "Theo", made over $50 million on prediction platform Polymarket by correctly betting on Trump's presidential win, including the popular vote and six swing states. Theo, a former trader, used four accounts and exploited mainstream polling flaws, citing inflated support for Kamala Harris and suppressed Trump voter base.

Shares of Emcure Pharmaceuticals soared close to 6 percent higher, coming at a kissing distance to its record high of Rs 1,580 on November 8 as investors cheered for the company's strong earnings performance for the July-September quarter. The drugmaker's net profit was up over 38 percent on year in Q2 at Rs 202 crore, as against Rs 146 crore in the same period of the previous fiscal.

Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown. Shares of the refining-to-retail conglomerate led by billionaire Mukesh Ambani have barely risen this year, trailing the benchmark NSE Nifty 50 Index by the widest margin in roughly a decade.

Reliance Power's shares plummeted 5% to Rs 41.47 after the company and its subsidiary were barred from participating in Solar Energy Corporation of India's tenders for three years due to submitting fake documents. The debarment has far-reaching implications for Reliance Power's participation in India's renewable energy sector.

8.5 crore shares of Wipro Ltd changed hands in two block deals in pre-market trade, CNBC-TV18 reported on November 7, adding that promotor is a likely seller. The number of shares represent the IT firm's 1.62% equity. On November 7, Wipro Ltd shares closed 0.16% lower at Rs 563 apiece. Wipro, India's fourth-largest software company, posted higher-than-expected second-quarter revenue on Thursday.

State-run Rail Vikas Nigam Ltd (RVNL) shares will be in focus on Friday after the company announced its financial results for the September quarter, revealing a significant decline in profit and a modest dip in revenue. RVNL reported a 27% year-on-year (YoY) drop in net profit to Rs 286.9 crore, down from Rs 394.3 crore in the same period last year.

Gold and silver prices were flat on Friday, with gold at Rs 77,375 per 10 gram and silver at Rs 92,089/kg, after a positive settlement on Thursday following Fed and BOE rate cuts. Prices are expected to remain volatile ahead of US consumer sentiment data, with key support levels at Rs 77,100-76,650 for gold and Rs 91,650-90,800 for silver.

Embassy Office Parks REIT appoints Ritwik Bhattacharjee as interim CEO, replacing Aravind Maiya, who steps down following SEBI's order directing his suspension due to legal proceedings. Bhattacharjee formerly held the position of chief investment officer. Embassy REIT is reviewing the order and evaluating options.

Geojit Financial Services's report on Daily Agri Picks: Farmers in Maharashtra have sown rabi crops over 621,315 hectares as of Tuesday, down 40.3% on year from 1.04 million hectares a year ago, according to a report released by the state's agriculture department. The area under gram, or chana, was 105,239 hectares, down 65.1% on year, the report showed.

📈 Amid weak global cues, domestic benchmark indices started gap-down on 8 November, 2024. 📢 At 9:16 AM, the Sensex tanked 182.59 points or 0.23% at 79,359.20, and the Nifty plunged 62.90 points or 0.26% at 24,136.45. 📊 SAIL (⬇️5.89%), Astral (⬇️1.75%) and Petronet LNG (⬇️1.75%) appeared as the top losers on the Nifty 50 at the Open. Lupin, RVNL, Emami stocks are in focus today.

The Zinka Logistics Solution Limited IPO price band has been fixed in the range of ₹259 to ₹273 per equity share of the face value of ₹1 each. The Zinka Logistics IPO date of subscription is scheduled for Wednesday, November 13, and will close on Monday, November 18. The allocation to anchor investors for the Zinka Logistics IPO is scheduled to take place on Tuesday, November 12.

Auto major Mahindra and Mahindra (M&M) shares will be in focus on Friday after the company reported 13% YoY growth in its standalone net profit for the quarter ended September 30, 2024, to Rs 3,841 crore, which is above the Street expectations of Rs 3,581 crore. Revenue from operations in the reporting period increased 12% YoY to Rs 28,919 crore.

Nasdaq-listed Freshworks share price jumped more than 28% after the company announced upbeat third-quarter results along with a $400 million share buyback. However, the Saas major also said it would lay off its 660 employees to streamline operations. Freshworks said it will trim 13% of its workforce, or 660 employees, globally.

City gas distribution company Mahanagar Gas (MGL) has signed a pact with America's International Battery Company to form a joint venture to foray into battery cell manufacturing, the company informed on November 7. MGL will be investing an aggregate sum of Rs 230 crore, with MGL and IBC subscribing in the agreed proportion of 44:56 shareholding percentage, respectively.