On the technical charts, the RSI of the stock stood at 49.59.
Analysts largely agree that subscribing to the Hyundai IPO presents a strong opportunity for long-term investors, given the growing passenger vehicle market and increasing consumer demand for larger, premium cars.
The IPO is a full offer for sale (OFS) of 14.2 crore shares, to be offloaded by the parent company, Hyundai Motor Global. As it is an OFS, all proceeds will go to the selling shareholders.
In September, at least two PMS schemes significantly outperformed benchmarks, achieving double-digit returns of up to 12%. According to data from PMS Bazaar, Pace Financial's Tresor SKG India Value Fund was the top performer, delivering a monthly return of 12%, followed by Molecule Ventures' Quant Fund with a return of 10.28%. Other notable winners included Sundaram's SISOP Fund, Emkay's Golden Decade of Growth, Wryght's Alpha Fund, and InCred's Healthcare Portfolio.
Gurmeet Chadha, CEO of Complete Circle Consultants, recommends Hyundai as a good long-term investment. He notes that there is no immediate gain from its IPO and sees better opportunities if the stock price drops. Hyundai's strong market share and diverse product range make it a steady choice for portfolio addition.
Acko appoints founding member Sandip Goenka as CEO of its new life insurance business. Goenka, with over two decades of experience, will develop product offerings and ensure long-term growth, operational efficiency, and financial performance. His leadership signals Acko's commitment to expanding their life insurance sector presence.
A total of 2,676 shares changed hands on the counter till 01:08PM (IST)
The South Western Railway will run special trains between Bengaluru and Kalaburagi stations to manage increased passenger numbers during the Deepavali festival. The Bengaluru-Kalaburagi Express Special will operate on select dates with a return service the following day, covering stops such as Yelahanka, Dharmavaram, Anantapur, and others.
Avaada Energy secured Rs 597 crore in refinancing from NIIF Infrastructure Finance Limited for its solar projects in Karnataka and Maharashtra. The improved finance terms released capital for future deployments and supported major corporations like Bharati Airtel and Bharat Forge in their energy transition endeavors.
The stock quoted a 52-week high of Rs 967.0 and a 52-week low of Rs 513.55.
Opposition MPs walked out of a joint committee meeting on the Waqf Bill, citing derogatory remarks by a BJP member. They rejoined the meeting after an hour. BJP members accused the opposition of abusing the committee chairman. This was the second consecutive day of such disagreements in the meetings.
AC sales: The Indian room air-conditioner industry is projected to see significant growth, with sales volumes expected to reach 12-12.5 million units by FY2025, driven by rising temperatures, urbanization, and increased disposable incomes. Despite a potential stabilization to 10-12% growth in FY2026, supply capacity is anticipated to expand over 40%.
A total of 3,056 shares changed hands on the counter till time (IST).
The 23rd SCO CHG meeting will be held on October 16, 2024, in Islamabad. It will focus on trade and economic cooperation. Key leaders from member states, including India, China, Russia, and Pakistan, will participate. External Affairs Minister S. Jaishankar will represent India at the meeting. The event underlines regional collaboration amid complex geopolitical dynamics.
That mid-cap stocks will come under selling pressure during the periodic corrections in the market is a given. But, over the long term – and if chosen correctly – mid-cap stocks do deliver better returns. Investing in mid-cap stocks, however, requires a balanced approach – the ability to take risk, to manage the risk, and also have a long-term perspective. And to manage risk, use non-financial parameters. For instance, which company would you pick in the infrastructure space? One where the management has seen it all ... Читать дальше...
A housekeeping staff member at a private school in Noida has been arrested for allegedly raping a three-year-old student. The incident reportedly occurred on October 9. the accused took the girl to an area outside CCTV coverage and sexually assaulted her. The child's parents filed a complaint after noticing her unusual behavior. The school is cooperating with the investigation.
A total of 230,767 shares changed hands on the counter till 12:51PM (IST).
Private equity investments in India fell 4% in H1 FY25, with deal numbers dropping from 24 to 17. Despite reduced office sector investments, the industrial and logistics sector saw a 378% increase, driven by large deals like Reliance-ADIA/KKR, highlighting shifts in investment focus.
Gold jewellery gift for Karva Chauth: Buyers of gold jewelry can be confident that gold with a Hallmark meets the standards of India and is approved by the Bureau of Indian Standards (BIS). In India, this is the most trustworthy way to certify gold. Here are some significant frequently asked questions about gold hallmarking, as stated on the Bureau of Indian Standards (BIS) website.
Wipro has introduced a new hybrid work policy, allowing employees to work remotely for an additional 30 days per year starting October 1. This extension accommodates employees with health issues or caregiving responsibilities, emphasizing a balanced approach between well-being and high performance.
Charles Kupperman expressed concerns about Donald Trump's plan to fill a second administration with loyalists like Kash Patel. Patel gained prominence in the Trump administration and pursued various ventures post-2020 election. His roles included controversial stints in national security and the Pentagon, highlighting his influence and ambitions in line with Trump's agenda.
HCL Tech CEO C Vijayakumar highlights strong business growth with a good mix of large and small deals, driven by GenAI components and software innovation. Despite some macro challenges, discretionary spending is increasing across sectors. CFO Shiv Walia assures steady demand, pricing, and margin outlook, with significant contributions from the software business and financial services.
“The acquisition of Prescinto will enhance the capabilities of IBM Maximo Application Suite (MAS), IBM’s solution for asset lifecycle management…It will further IBM’s leadership in the energy and utility space, an industry undergoing significant transformation and seeking solutions to manage and optimise wind, solar, and other renewable energy storage assets,” IBM said in a statement.
