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Midcap IT company L&T Technology Services on Wednesday announced an interim dividend of Rs 17 per share and has set the record date on October 25, 2024.

Bajaj Auto Q2 Results: The company reported revenue from operations of Rs 13,127 crore, a 22% increase from Rs 10,777 crore in the same quarter last year. However, both PAT and revenue fell short of ET Now poll estimates, which projected Rs 2,198 crore and Rs 13,305 crore, respectively. Domestic volumes rose 22% year-on-year to 7,76,711 units, compared to 6,37,556 units in the corresponding quarter of the previous year.

Rakshit Ranjan of Marcellus Investment Managers highlights the need for bottom-up stock picking due to markets running ahead of fundamentals. He discusses sector-specific challenges, mentioning that certain retail and manufacturing stocks may face earnings underperformance. He also touches on auto sector transitions and the current valuations of battery and specialty chemical companies.

The IPO of Deepak Builders and Engineers will open for subscription on October 21 and close on October 23, with a price band of ₹192-203 per share. The offering includes a fresh equity sale of ₹217 crore and an offer for sale (OFS) of 21 lakh shares.

Prabhudas Lilladher has given a one-year target of 27,867 for Nifty at its 15-year average PE of 19.1x. The brokerage firm has conviction on stocks like BEML, Cyient, and HDFC AMC among others. The market has shifted in favor of defensive sectors like FMCG, IT Services, Pharma, and Consumer Durables.

ICICI Securities has maintained a buy call on State Bank of India at a price target of Rs 1,000 and says value unlocking / monetisation (YES/NSE) could be near-term triggers.

If you look at OPEC and their announcements in terms of usage, they continue to revise the fact that consumption is actually going down over time. And we do hear that coming from them.

As the festive season sparks optimism in the markets, JM Financial has identified a selection of stocks with the potential for significant returns. The domestic brokerage firm believes these picks could deliver gains of up to 30%, offering investors a chance to capitalize on the positive market sentiment.

Indian stocks fell Wednesday as investors weighed disappointing company earnings and foreign fund outflows, despite a drop in crude oil prices.

Waaree Energies IPO opens on October 21, priced at Rs 1427-1503. Grey market premium is around Rs 1350, indicating a potential multibagger listing. The company plans to use funds for a 6 GW manufacturing facility in Odisha and general corporate purposes.