Page 789 - Markets News
Paytm hits highest level in calendar year 2024; zooms 169% in 6 months
Analysts believe Paytm's cost optimization measures and gradual business turnaround will put it on an early path to profitability.
 "Paytm hits highest level in calendar year 2024; zooms 169% in 6 months")
Dividend, bonus, stock split: IRCTC, 25 others to go ex-date next week
Here is the complete list of stocks turning ex-date next week for their respective corporate actions, along with key details
 "Dividend, bonus, stock split: IRCTC, 25 others to go ex-date next week")
Vedanta Q2 results: Mining co swings into black, posts Rs 4,352 cr profit
The company's revenue from operations, or topline, dropped 3.4 per cent annually to Rs 37,634 crore, from Rs 38,945 crore in the same quarter last year (Q2FY24)
 "Vedanta Q2 results: Mining co swings into black, posts Rs 4,352 cr profit")
SBI Q2 results: Profit soars 28% YoY to Rs 18,331 crore; stock falls 3%
SBI Q2 results: SBI share price fell 2.9 per cent to Rs 834 per share on the BSE after the announcement of Q2 results 2024
 "SBI Q2 results: Profit soars 28% YoY to Rs 18,331 crore; stock falls 3%")
This smallcap stock has zoomed 44% in 2 days; doubled within 3 months
Shares of Avalon Technologies hit a new high of Rs 849.45, as they surged 20% on the BSE in Friday's intra-day trade on heavy volumes.
 "This smallcap stock has zoomed 44% in 2 days; doubled within 3 months")
BS BFSI Summit: Public listings allow profitable exits for PEs, say experts
Investment leaders from Bain Capital, Samara Capital, BlackSoil Capital, and Multiples Alternate Asset Management speak about capital flow, business and startup growth at the BS BFSI Insight Summit
 "BS BFSI Summit: Public listings allow profitable exits for PEs, say experts")
Ircon International slips 6% on weak Q2 results; PAT down 18%, rev down 19%
Ircon International's revenue from operations fell 19.3 per cent for the quarter under review to Rs 2,448 crore as compared to Rs 3,033 crore a year ago
 "Ircon International slips 6% on weak Q2 results; PAT down 18%, rev down 19%")
MRF shares drop: Take U-turn after reporting 20% fall in net profits for Q2
After opening in the green territory and gaining 0.40 per cent on Wednesday morning, the shares of tyre manufacturing giant MRF dropped 2.85 per cent at Rs 1,17,500 per share on the BSE
 "MRF shares drop: Take U-turn after reporting 20% fall in net profits for Q2")
IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high
At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.
 "IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high")
SBI Q2 results preview: Profit may rise upto 17%, provisions could shoot up
SBI Q2 preview: SBI, India's biggest state-owned bank, is scheduled to report its financial results for quarter-ended (Q2 FY25) and half-year ended (H1 FY25) on September 30, 2024 on November 8, 2024
 "SBI Q2 results preview: Profit may rise upto 17%, provisions could shoot up")
Inox India jumps 7% after winning big contract from UK's Highview Power
Shares of Inox India surged 7.28 per cent at Rs 1,212.90 a piece on the BSE after the won a large contract from a UK based company Highview Power
 "Inox India jumps 7% after winning big contract from UK's Highview Power")
ONGC, HAL, SJVN: 5 PSU stocks that can rally up to 25% by year-end
PSU stocks such as ONGC, HAL, Oil India, SJVN and BEL have retraced up to 50% of its previous rally; tech charts indicate that as long as the recent lows are protected a bounce back seems likely.
 "ONGC, HAL, SJVN: 5 PSU stocks that can rally up to 25% by year-end")
Samhi Hotels up 5% on adding upscale hotel in Hyderabad with 170-175 rooms
As per the filing, the hotel will be completed through the conversion of an office building located on the main arterial road of Hitec City
 "Samhi Hotels up 5% on adding upscale hotel in Hyderabad with 170-175 rooms")
India bond yields inch lower after Fed rate cut pulls down US Treasury
The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid
 "India bond yields inch lower after Fed rate cut pulls down US Treasury")
Niva Bupa IPO Day 2: Subscription hits 71%; GMP stays flat; invest or wait?
Niva Bupa IPO is available at a price band of Rs 70-74 per share, with a lot size of 200 shares. Investors can bid for a minimum of 200 shares and in multiples thereof
 "Niva Bupa IPO Day 2: Subscription hits 71%; GMP stays flat; invest or wait?")
Here's why this 'X' group stock skyrocketed 14% on November 8; details here
Brahmaputra Infrastructure share price rallied as much as 13.93 per cent to hit an intraday high of Rs 73.50 per share
 "Here's why this 'X' group stock skyrocketed 14% on November 8; details here")
Trent hits 3-month low post Q2 results; share price down 25% in 1 month
Trent share price: Despite the recent fall, Trent share price has outperformed market thus far in the calendar year 2024, by zooming 110 per cent as against 10 per cent gain in the benchmark index
 "Trent hits 3-month low post Q2 results; share price down 25% in 1 month")
Agi Greenpac stock gains 5% after Q2FY25 net profit surges 28% YoY
Shares of packaging company Agi Greenpac surged 4.87 per cent at Rs 972.80 a piece on the BSE after the company reported its second quarter earnings for the financial year 2024-25 (Q2FY25)
 "Agi Greenpac stock gains 5% after Q2FY25 net profit surges 28% YoY")
Reliance Power hits 5% lower circuit; here's what's worrying investors
Reliance Power shares have slumped to Rs 41.47 and hit 5 per cent lower circuit on BSE
 "Reliance Power hits 5% lower circuit; here's what's worrying investors")
Page Industries hits 52-wk high on healthy Q2 nos; declares Rs 250 dividend
The uptick in Page Industries share price came on the back of stellar performance in the September quarter (Q2FY25)
 "Page Industries hits 52-wk high on healthy Q2 nos; declares Rs 250 dividend")