Latest Stock Market News

A total of 22,632 shares changed hands on the counter till 01:48PM (IST)

Despite a slight market correction, Prabhudas Lilladher identifies 20 stocks across large, mid, and small-cap segments with potential returns up to 30%. These include Ambuja Cement, Bharti Airtel, ICICI Bank, and Reliance Industries among others. Investors are encouraged to consider these opportunities for future growth amidst festive optimism and geopolitical uncertainty.

Nestle India Q2 Results: Nestle India reported a consolidated net profit of Rs 899 crore for Q3 2024, slightly down from Rs 908 crore YOY. Revenue from operations grew by 1.3% to Rs 5,104 crore. Despite challenges like muted consumer demand and high commodity prices, the company saw growth in key brands and ecommerce.

On the technical charts, the RSI of the stock stood at 45.49.

The stock traded at a P/E multiple of 65.81, while the price-to-book value ratio stood at 27.81.

A total of 10,871 shares changed hands on the counter till 12:52PM (IST).

Centrum has reduce call on HDFC AMC with a target price of Rs 4,545. The current market price of HDFC AMC is Rs 4,794.5.

Bitcoin has surged past $67,000, fueled by upcoming U.S. elections, Bitcoin ETF inflows, global rate cuts, and improving regulatory clarity, indicating strong upward momentum in the crypto market.

Nokia reported a 9% rise in third-quarter operating profit and sees a demand recovery in some areas. The company maintained its full-year outlook and expects significant growth in the fourth quarter. Comparable earnings before interest and tax rose to 454 million euros. Net sales fell 8% partly due to lower sales to India.