Page 44 - Stock Market Today
Market tempest: 60 of top 100 stocks brave stormier seas than Nifty50
Less than 10 stocks stay afloat, over 40 sink by 5%
 "Market tempest: 60 of top 100 stocks brave stormier seas than Nifty50")
Market share and margins to take the wheel for Maruti Suzuki India
Volume trajectory to hit the accelerator powered by festival season sales
 "Market share and margins to take the wheel for Maruti Suzuki India")
Sluggish volumes likely to cap upsides in Colgate-Palmolive stock
While the stock is up 44 per cent from its lows in January this year, further gains will depend on its ability to sustain higher growth rates
 "Sluggish volumes likely to cap upsides in Colgate-Palmolive stock")
Brokerages expect revenues to remain under pressure for Asian Paints
Motilal Oswal Research said in its report, "with input costs on the rise, the margin gains in the second half of FY24 are not expected to mirror those seen in the first half of FY24."
 "Brokerages expect revenues to remain under pressure for Asian Paints")
Strong profit growth keeps brokerages positive on Torrent Pharma
Led by an 18% y-o-y growth in the domestic formulations segment, which accounts for over half its overall revenues, the company posted 16% growth at a consolidated level
 "Strong profit growth keeps brokerages positive on Torrent Pharma")
Equity market likely to remain skittish as risks mount, say experts
Experts cite record-high US bond yields, geopolitical uncertainties, and earnings disappointments as key concerns
 "Equity market likely to remain skittish as risks mount, say experts")
Downgrades may pressure Voltas stock, QCO norms could impact sales
While most analysts have made EPS estimate downgrades for FY24, quite a few continue to recommend "Buy/ Accumulate" in expectations of strong overall growth through FY26
 "Downgrades may pressure Voltas stock, QCO norms could impact sales")
Near-term sales growth, profitability on fintech giant Paytm's horizon
Revenue was at Rs 2,518.6 crore and payment processing charges were up 6.5 per cent q-o-q and were 54.4 per cent of payments services revenue
 "Near-term sales growth, profitability on fintech giant Paytm's horizon")
BSE shares jump nearly 7% to an all-time high of Rs 1,695 apiece
In October so far, the average daily turnover (ADTV) for BSE Sensex Options has been at Rs 23,616 crore
 "BSE shares jump nearly 7% to an all-time high of Rs 1,695 apiece")
UltraTech Cement's stock continues to be an attractive proposition
While Q2 was decent despite seasonally weak, higher prices and operating leverage point to better prospects
 "UltraTech Cement's stock continues to be an attractive proposition")
London stock exchange sees first trading halt in 4 yrs, blue chips spared
Traders said that shares in CRH and Deliveroo were among those not trading on the London market after the incident, which was the first time trading on the LSE had been interrupted since 2019
 "London stock exchange sees first trading halt in 4 yrs, blue chips spared")
Indices fall for 3rd day on rising bond yields; Sensex ends 231 pts lower
Rising oil prices are considered a negative for Indian equities as India imports more than three-fourths of its oil requirements
 "Indices fall for 3rd day on rising bond yields; Sensex ends 231 pts lower")
IGL stock slips on Delhi's EV policy, Jefferies, Morgan Stanley downgrade
The slump in the gas distributor's stock rubbed off on peers Mahanagar Gas and Gujarat Gas, while EV-maker Olectra Greentech advanced
 "IGL stock slips on Delhi's EV policy, Jefferies, Morgan Stanley downgrade")
Strong domestic demand recovery remains vital for Bajaj Auto stock
On the profitability front, favourable raw material costs and better product mix led to a 260 basis points y-o-y jump in operating profit margins to 19.8 per cent
 "Strong domestic demand recovery remains vital for Bajaj Auto stock")
Trust MF ropes in Mihir Vora as CIO; IRM Energy IPO subscribed 4.36 times
The initial public offering (IPO) of city gas distribution company IRM Energy was subscribed 4.36 times on the second day of the offer
 "Trust MF ropes in Mihir Vora as CIO; IRM Energy IPO subscribed 4.36 times")
HDFC Securities sees BSE sustaining 3 times gains on derivatives boost
Shares of BSE on Thursday closed at a new record high of Rs 1,545, with a gain of 3.85 per cent over its previous close
 "HDFC Securities sees BSE sustaining 3 times gains on derivatives boost")
London wins back its Europe's largest stock market crown from Paris
London had lost its status as Europe's biggest stock market last November, extending an equity slump that stretched back to Britain's vote to leave the European Union in 2016
 "London wins back its Europe's largest stock market crown from Paris")
Chemical stocks may underperform; brokerages stay cautious on sector
Expectations of weak September quarter results amid high inventory, demand woes and weak realisations have led to the underperformance
 "Chemical stocks may underperform; brokerages stay cautious on sector")
Turmoil in West Asia keeps markets on edge, Sensex slips below 66,000
Oil prices climbed 1.2 per cent to nearly $94 per barrel after an explosion at a Gaza hospital jeopardised peace efforts in the Middle East
 "Turmoil in West Asia keeps markets on edge, Sensex slips below 66,000")
Attractive valuations make ICICI Prudential Life Insurance a long term buy
However, after a sell-off from disappointed investors, valuations have corrected and the stock may be worth a long-term buy
 "Attractive valuations make ICICI Prudential Life Insurance a long term buy")