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Promoter pledges in eight Nifty500 companies, including Adani Ports and Hindustan Zinc, reduced in Q2 FY25. Max Financial Services saw the largest decrease with a drop from 72.6% to 0.1%. Other notable declines included Happiest Minds Technologies and Apollo Hospitals Enterprise. This indicates possible improvements in financial health or reduced need for collateralized loans.

Amnish Aggarwal shares his cautious outlook on FMCG stocks, highlighting recent re-ratings and potential bottom-fishing post-results. He discusses the prospects of the Hyundai IPO, the competitiveness of Ola Electric in the EV market, and compares the potential growth of Maruti and Hyundai in India’s auto sector. Investors are advised to stay vigilant.

The Relative Strength Index of the stock stood at 41.59 on Tuesday.

​The challenges were too much reliance on exports, which is right now getting a bit more problematic and excess savings. Now, export part, which is dependent on international trade, it will take time to repair.

HCL Tech CEO C Vijayakumar highlights strong business growth with a good mix of large and small deals, driven by GenAI components and software innovation. Despite some macro challenges, discretionary spending is increasing across sectors. CFO Shiv Walia assures steady demand, pricing, and margin outlook, with significant contributions from the software business and financial services.

A total of 3,056 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high price of Rs 706.85 and a 52-week low of Rs 404.0.

Shares of Va Tech Wabag rose 4.4% to a new 52-week high of Rs 1,743.8 on Tuesday after the company secured a Rs 1,000 crore order for a 100 MLD Sea Water Desalination Plant from Indosol Solar Private Limited for their solar PV manufacturing facility in Andhra Pradesh. The order encompasses the engineering procurement (EP) scope, which includes design, engineering, supply, installation, testing, and commissioning of the desalination plant.

Promoters held 62.55 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 10.39 per cent and 9.24 per cent, respectively.