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The US annual inflation rate slowed for the 4th consecutive month to 7.7% in October. This was the lowest since January 2022 and was lower than forecasts of 8%. US Fed Chairman Jerome Powell said the pace of rate hikes would slow down, maybe as soon as December, after four consecutive jumbo 0.75 percentage point hikes.

Low cane yield in major states like Maharashtra and Karnataka is one of the major reasons for the drop in sugar output. Reuters has reported that on an average, farmers reported a 15-35% drop in cane yield.

“With customers gradually shifting to organised players and given continued struggles faced by its unorganised and organised peers, Titan has a strong runway for growth,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The quota for qualified institutional buyers was subscribed 67.14 times, while the one reserved for non-institutional investors and retailers was subscribed 17.86 times and 4.63 times, respectively.

The stock quoted a 52-week high price of Rs 440.75 and a 52-week low of Rs 206.1.

“In our view, the point at which the job market in the US starts to show pressure, and company management begins to talk about weak order flow would be a good time to take a fresh look at this sector,” he says.

There may not be one, or even any right answer, to the questions above. Nevertheless, you need to put some thought to profit-booking and a systematic approach may well turn out to be the most productive.

The company has slashed its issue size and is likely to raise about Rs 950-1,000 crore through its initial stake sale. However, the company earlier was eyeing to raise about Rs 1,200-1,400 crore via its IPO.

"The market took cues from the U.S. market and was down earlier, but there was demand for buying on dips mainly from retail investors," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

Hindustan Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 31931.52 Crore) operating in Gas & Petroleum sector.