Latest Stock Market News

Bitcoin rose to $73,577, nearing its all-time high, driven by institutional demand and anticipation of a Republican election win. Analysts predict potential price surges amid high volatility.

In FY24, the company gave a dividend of Rs 25 in FY24, which translates into an industry best dividend yield of over 708%. Dividend yield is calculated by dividing annual dividend per share with the share price.

Dipan Mehta is cautious about the banking sector and traditional FMCG companies. He suggests possibly getting underweight on banks and NBFCs. Mehta indicates an interest in Waaree Energies, a solar equipment manufacturer, especially for long-term investments. He finds the insurance sector promising but advises careful market observation before making any moves.

A total of 2,023 shares changed hands on the counter till 11:58AM (IST).

​So, from the peak to correct around 15% kinds is I would say, but beyond that I would say then they start looking attractive again from a three to five years perspective because none of the problems are really balance sheet oriented problems, they are all more P&L related problems and more valuation issues.

Motilal Oswal Financial Services has recommended a buy on Sun Pharma with a target price of Rs 2,280, citing ongoing efforts in product addition, differentiated clinical development, and branded generics. Sun Pharma reported a 9.29% YoY increase in consolidated total income for Q2 2024 and a net profit of Rs 3030.67 crore. Promoters hold 54.48% stake.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 24.75 per cent and 14.91 per cent, respectively.

Motilal Oswal Financial Services recommends buying Bharat Electronics stock, targeting Rs 360. Bharat Electronics recently reported strong financials for the quarter, driven by a growing order book and revenue growth. The brokerage expects defense ordering to increase, benefiting Bharat Electronics, with revenue growth projected at 19% CAGR over FY24-27, maintaining a BUY rating.

On October 30, five stocks showed fresh short positions, indicating a bearish trend, with Voltas and Cipla leading in open interest and price declines.

A total of 1,764 shares changed hands on the counter till 11:02AM (IST).