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Later this week, inflation readings across Europe, U.S. and a preliminary reading of euro zone third quarter GDP would remain in focus.

BEML, the Miniratna company, reported a marginal 0.75% decline in its profit after tax (PAT) for Q2 FY2024, totaling Rs 51.03 crore, compared to Rs 51.78 crore in the same quarter last year. The company’s revenue from operations fell by 57% YoY.

Devyani International reported a net loss of Rs 4.92 crore in Q2FY25, despite a 49% YoY revenue growth to Rs 1,222 crore. EBITDA margin declined to 16.3% from 18.3%. The company added 85 new stores and secured exclusive master franchise rights for three modern QSR brands: TeaLive, New York Fries, and Sanook Kitchen.

The total number of demat accounts reached 17.9 crore in October 2024, with a monthly addition of 35 lakh. CDSL gained market share, while NSDL lost share. Zerodha, Groww, Angel One, and Upstox remain the top discount brokers. ICICI Securities, Kotak Securities, and HDFC Securities lead the traditional brokers.

Metals is one space where we are finding stories with margin expansion and volume growth at the same time. Fmcg is again one area for us which is turning out to be very interesting.

Revenue from operations recorded 11% growth at Rs 656 crore for the quarter under review as against Rs 593 crore in the corresponding quarter of the previous fiscal.

Waaree Energies Share Price: After the stock’s decline over the last three sessions, the company’s market capitalization on the BSE has dropped to Rs 84,606 crore, down from the Rs 1 lakh crore mark reached last week.

Mukherjea’s smallcap-focused Little Champs portfolio and midcap-oriented Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, in FY24. He attributes this performance to improved earnings growth and adjustments within the portfolios.

And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.

On the charts, the stock has been in a downtrend since peaking around the Rs 1,610 level and is currently positioned below its 200-day exponential moving average (DEMA). In September, the price entered a consolidation phase, followed by a death crossover on October 1, when the 10 DEMA crossed below the 20 DEMA.