Stock Market LIVE: Lence To Buy Stake In AWL Agri Business
Lence Pte will buy up to 20% stake in AWL Agri Business from Adani Commodities. The total shareholding of Lence Pte stands at 63.9% post acquisition, the company said in the exchange filing.
Stock Market LIVE: Ola Electric Mobility Share Price Trades Lower Despite Net Loss Declining
Ola Electric Mobility Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue fall 43.2% at Rs 690 crore versus Rs 1,214 crore
Ebitda loss of Rs 203 crore versus Ebitda loss of Rs 379 crore
Net loss of Rs 418 crore versus loss of Rs 495 crore
IPO News: MTR-Parent Orkla Shares Debut At Nearly 3% Premium Over IPO Price
Orkla India Ltd. listed on the National Stock Exchange on Thursday at Rs 750.10 apiece, a premium of 2.75% over its issue price of Rs 730 apiece.
On the BSE, the stock debuted at Rs 751.50, a 2.95% premium.
The Rs 1,668-crore IPO saw a tepid response on its launch day but was subscribed 3.7 times on the final day.
Stock Market Today: Morgan Stanley On Consumer Durables
Havells – Downgrade to Equal-weight from Overweight; Cut TP to Rs 1660 from Rs 1787
Voltas – Downgrade to Equal-weight from Overweight; Hike TP to Rs 1501 from Rs 1438
Crompton Consumer – Maintain Equal-weight; Cut TP to Rs 310 from Rs 337
Morgan Stanley downgraded Havells and Voltas to Equal-weight
Poorer earnings visibility
Outlook for cooling products has deteriorated given high channel inventory, extended monsoon in Q3 and expectations of colder winter
Price reductions from a lower GST will be offset by higher costs to comply with regulations
*Morgan Stanley on Consumer Durables* Havells – Downgrade to Equal-weight from Overweight; Cut TP to Rs 1660 from Rs 1787 Voltas – Downgrade to Equal-weight from Overweight; Hike TP to Rs 1501 from Rs 1438 Crompton Consumer – Maintain Equal-weight; Cut TP to Rs 310 from Rs 337 Downgrade Havells & Voltas to Equal-weight Poorer earnings visibility Outlook for cooling products has deteriorated given high channel inventory, extended monsoon in Q3 and expectations of colder winter Price reductions from a lower GST will be offset by higher costs to comply with regulationsStock Market LIVE: M&M Sells Stake In RBL Bank; Stock Rises Over 2%
Mahindra & Mahindra Ltd. sold stakes in RBL Bank Ltd, the private lender said in an exchange filing. This stake sale followed Emirates NBD's announcement late October of an open offer for 26% stake in RBL Bank.
RBL Bank share price rose 2.52% to Rs 332 apiece.
Stock Market LIVE: Nifty PSU Bank Touches New High
The NSE Nifty PSU Bank rose 0.71% to a new high of 8,391.55. The index was trading 0.45% higher at 8,370 as of 9:25 a.m.
Sectoral Performance At Open: Nifty Metal Falls The Most
On National Stock Exchange, nine sectoral indices advanced, five sectoral indices declined out of 15. The NSE Nifty Metal declined the most, and the NSE Auto rose the most.
Nifty Contribution: RIL, M&M, Asian Paints Support Gains
Opening Bell: Nifty, Sensex Open Slightly Higher
The NSE Nifty 50 and BSE Sensex opened slightly higher as Reliance Industries Ltd. and Mahindra & Mahindra Ltd. shares supported. Gains in global equities also supported the benchmark indices.
The indices were trading 0.28% and 0.41% higher, respectively as of 9:20 a.m.
LIVE: Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.52%
Source: Bloomberg
LIVE: Rupee Opens Stronger Against US Dollar
Rupee opened 13 paise stronger at 88.53 against US Dollar
It closed at 88.66 a dollar on Tuesday
Source: Bloomberg
BPCL, Dabur, Godrej Consumer, HUL, NTPC Dividends: Last Day To Buy Shares To Qualify
Shares of Bharat Petroleum Corp., Dabur Ltd., Godrej Consumer Products Ltd., and Hindustan Unilever Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Adani Ports & SEZ Q2 Review: Brokerages Hike Target Price On Improved Growth Outlook
Top brokerages hiked the target price for Adani Ports and Special Economic Zone Ltd. following robust second-quarter results of the company. According to Goldman Sachs, the risk-reward ratio of the stock looks attractive.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
The Curious Case Of Oswal Overseas: Zero Revenue, Rs 1.99-Crore Loss And A 2,426% Stock Surge
In Bareilly's sugar belt, a company that once bought cane from farmers is now under auction orders for unpaid dues. Yet, even as production remains halted, Oswal Overseas Ltd.'s share price has risen 2,426% since March, turning a small sugar producer into one of the year's most actively traded penny stocks.
The Delhi-headquartered firm reported zero revenue and a Rs 1.99-crore loss for the July–September quarter of FY26. Its shares, which traded at Rs 5.39 on March 27, rose 204% between July and September — the same quarter in which it posted no income—and have climbed another 61% since October. The company now commands a market capitalisation of about Rs 176 crore.
Read the full article here.
Asia Markets LIVE: Japan's Nikkei 225 Rises Over 1%
Markets in Asia region gained on Thursday tracking overnight gains in US stocks as data indicated strength of labour market in the world's largest economy and buyers stepped after a brief pause.
The Nikkei 225 was trading 1.13% higher, while the KOSPI was 0.8% as of 7:17 a.m.
LIVE: GIFT Nifty Hints At Positive Open; GRSE, Chalet Hotels, GE Vernova, Fortis Shares In Focus
The GIFT Nifty was trading 0.23% or 59.50 points down at 25,735 as of 6:51 a.m. However, the NSE Nifty 50 index is expected to open slightly higher because of the positive global cues.
GE Vernova T&D India Ltd., Fortis Healthcare Ltd. One 97 Communication Ltd., and Siemens Energy shares will likely react as these got added to MSCI Global Standard Index in MSCI November rejig.
Indian benchmark indices concluded the trading session in negative territory on Monday, with the Nifty 50 closing below the critical 25,600 mark amid broad-based selling pressure across the entire market.
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