Page 6 - Domestic Markets
Shriram Properties down 5% after slipping into loss in Q2; rev down 32%
The company's revenue from operation also fell 31.8 per cent to Rs 141 crore as compared to Rs 206.08 crore a year ago
 "Shriram Properties down 5% after slipping into loss in Q2; rev down 32%")
Godrej Industries gains 9% on posting over 2x profit in Q2, revenue up 22%
Godrej Industries reported its Q2 results after market hours on Wednesday which showed that the company's net profit rose 287.62 per cent to Rs 87 crore as compared to Rs 229 crore a year ago
 "Godrej Industries gains 9% on posting over 2x profit in Q2, revenue up 22%")
Ravi Nathani suggests buying dips in Nifty Metal; sell on rise in pharma
Nifty Metal is currently approaching critical support levels between 8,800 and 8,700, while Nifty Pharma Index shows a clear downtrend on the charts
 "Ravi Nathani suggests buying dips in Nifty Metal; sell on rise in pharma")
Markets enter 'correction' territory; inflation, USD adds to investors woes
The total market capitalisation of BSE-listed companies declined by Rs 48 trillion to Rs 430 trillion after reaching a peak of Rs 478 trillion on September 27
 "Markets enter 'correction' territory; inflation, USD adds to investors woes")
Pent-up demand for cars now over; growth will be only 3-4%: Maruti Chairman
Bhargava discusses the reasons for the slowdown and their strategy in the EV market
 "Pent-up demand for cars now over; growth will be only 3-4%: Maruti Chairman")
MFs tighten grip on domestic stocks; FPI-DII ownership gap narrows further
Their share in India's market hits fresh record high
 "MFs tighten grip on domestic stocks; FPI-DII ownership gap narrows further")
Market today: Fed rate cut; Swiggy, ACME IPO last day; Sagility allotment
Wall Street closed at record levels on Thursday, after the US Fed cut interest rate by 25 bps. Announcements regarding more stimulus measure from China, quarterly results, and macroeconomic data to be
 "Market today: Fed rate cut; Swiggy, ACME IPO last day; Sagility allotment")
MSCI Nov rebalancing impact: BSE, Oberoi gain 3%, Alkem Labs down 2%
In the early hours of Thursday, MSCI Inc. announced that it has included Alkem Laboratories, BSE, Kalyan Jewellers India, Oberoi Realty, and Voltas in its MSCI Global Standard Indexes
 "MSCI Nov rebalancing impact: BSE, Oberoi gain 3%, Alkem Labs down 2%")
FDC shares slip 5% after reporting mixed Q2 results; PAT up 3%, margins dip
FDC reported its Q2 numbers that showed the company registered a consolidated net profit of Rs 72 crore as compared to a net profit of Rs 70 crore Y-o-Y
 "FDC shares slip 5% after reporting mixed Q2 results; PAT up 3%, margins dip")
Ester Industries share climbs 10%; here's why the stock is in demand
In Q2, Ester Industries swung from a consolidated net loss of Rs 30.44 crore to a net profit of Rs 3.01 crore year-on-year (Y-o-Y)
 "Ester Industries share climbs 10%; here's why the stock is in demand")
Why Trump election lead sparked 902-pt rally in Sensex; Nifty near 24,500
As per CNN, Trump is leading by 266 electoral votes against Kamala Harris with 195 votes
 "Why Trump election lead sparked 902-pt rally in Sensex; Nifty near 24,500")
Hindustan Zinc share price falls 8% as govt to sell 2.5% stake via OFS
The floor price for the offer for sale is fixed at Rs 505 per share. The two-day OFS opens for institutional bidders today and for retail investors on Thursday
 "Hindustan Zinc share price falls 8% as govt to sell 2.5% stake via OFS")
Mankind Pharma up 6% as PAT rises 29%, margins up 220 bps in Q2FY25
Mankind Pharma declared its September quarter numbers on Tuesday after market hours
 "Mankind Pharma up 6% as PAT rises 29%, margins up 220 bps in Q2FY25")
Market today: US elections, Q2 results, Swiggy & ACME Solar IPOs to open
While the US presidential elections will be closely monitored, September quarter results, BOJ's meeting minutes, and other macroeconomic data will also be on radar
 "Market today: US elections, Q2 results, Swiggy & ACME Solar IPOs to open")
Why Spotify music distributor Saregama's stock went out of tune today?
On Tuesday, during market hours, Saregama India logged a consolidated net profit at Rs 44.9 crore, down 6.6 per cent from Rs 48.1 crore a year ago
 "Why Spotify music distributor Saregama's stock went out of tune today?")
Shyam Metalics gains 3% on commissioning blast furnace & sinter plant in WB
The company invested Rs 600 crore for the project and it aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries.
 "Shyam Metalics gains 3% on commissioning blast furnace & sinter plant in WB")
Embassy REIT declines 3% as CEO Aravind Maiya resigns post Sebi's order
Aravind Maiya's departure follows a directive from the Sebi to suspend him in an interim capacity
 "Embassy REIT declines 3% as CEO Aravind Maiya resigns post Sebi's order")
Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18%
The engineering division of Tube investment clocked a revenue of Rs 1,323 crore compared to Rs 1,274 crore in the corresponding period in the preceding fiscal
 "Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18%")
JK Paper slips 7% as Q2 profit falls 58% to Rs 129 crore, expenses up 15%
JK Paper logged consolidated total income in the second quarter stood at Rs 1,714.88 crore as compared to Rs 1,708.81 crore in the year-ago period
 "JK Paper slips 7% as Q2 profit falls 58% to Rs 129 crore, expenses up 15%")
P&G Health clocks 52-week high after reporting good Q2 results; PAT up 26%
P&G Health's revenue from operations for the quarter under review stood at Rs 313.41 crore as compared to Rs 304.93 crore year-on-year (Y-o-Y) which implies an increase of 2.7 per cent
 "P&G Health clocks 52-week high after reporting good Q2 results; PAT up 26%")