Latest Stock Market News
Breakout Stocks: How Mishra Dhatu, KPIT Technologies and Sunteck Realty are looking on charts for Thursday’s tradeUpdated at : 2023-10-11 20:55:01 Rate this item (1 Vote)The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above 19,800 levels. Sectorally, buying was seen in telecom, auto, FMCG, utilities, and realty while the public sector experienced some selling pressure |
TCS Q2 Results: PAT rises 9% YoY to Rs 11,342 cr; board approves Rs 17,000 crore share buybackUpdated at : 2023-10-11 19:35:01 Rate this item (1 Vote)
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Tech View: Momentum indicator triggers positive crossover. What traders should do on ThursdayUpdated at : 2023-10-11 19:35:01 Rate this item (1 Vote)The short-term trend of Nifty continues to be positive. A decisive move above 19,800 levels is likely to pull Nifty towards the next upside levels of 20,000-20,200 in the near term |
Despite strong deal wins, worried about fall in TCS employee and revenue numbers: Mahantesh SabaradUpdated at : 2023-10-11 19:35:01 Rate this item (1 Vote)Market expert Mahantesh Sabarad suggests that investors should take advantage of the buyback opportunity, despite low premiums and potentially low acceptance ratios. He cautions that the stock may not sustain its rally due to weak results. While deal wins are strong, delivery is lacking and new hires have decreased, indicating subdued delivery in the coming quarters. Sabarad advises caution regarding the buyback and expresses concern about declining revenue and employee base. |
SME IPO: Arvind and Company Shipping Agencies issue to open on Thursday. 10 things to know about the offerUpdated at : 2023-10-11 18:45:01 Rate this item (1 Vote)The company is offering its shares at Rs 45 apiece, and investors can bid for 3,000 shares in 1 lot. The net proceeds from the public offer will be used to meet capex requirements and other general corporate purposes. |
Sensex gains 394 pts, Nifty above 19,800; energy, FMCG shares shineUpdated at : 2023-10-11 18:45:01 Rate this item (1 Vote)
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TCS announces Rs 17,000 crore-share buyback schemeUpdated at : 2023-10-11 18:45:01 Rate this item (1 Vote)Following a board meeting to consider its Q2 results, TCS said the board has approved a proposal to buyback 4.09 crore shares for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital of the company. |
What to expect from Infosys & HCL Tech’s Q2 results?Updated at : 2023-10-11 18:45:01 Rate this item (1 Vote)
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We expect Religare insurance business to grow to Rs 8000 cr: Vinit BolinjkarUpdated at : 2023-10-11 17:55:01 Rate this item (1 Vote)Today their book is down very close to Rs 1000 crore, Rs 1500 crores. So, we believe that going ahead they already have that technology backbone in place. This business can really-really spur on growth because they do not need to raise capital in the short term as they have got fairly high capital adequacy. |
Shilpa Rout has a buy on Motherson Sumi and a sell on BEL. Here’s whyUpdated at : 2023-10-11 17:55:01 Rate this item (1 Vote)Shilpa Rout, a derivatives analyst at Prabhudas Lilladher, suggests selling BEL as it has been struggling to surpass the Rs 145 zone, with resistance at 141-142. She believes it could potentially drop to Rs 135. On the other hand, Rout recommends buying Motherson Sumi, which has strong support at Rs 93-92 with a target of Rs 101. She also highlights Godrej Properties, Oberoi Realty, and DLF as potential upside opportunities in the real estate sector. |