Promoters held 43.91 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 13.65 per cent and 2.0 per cent, respectively.
Trump's 2024 victory was driven by key factors including economic dissatisfaction, hardline immigration policies, male voter support, cultural shifts, and a backlash against 'woke' politics. Here's why.
The regulatory environment for the past four years has not been incredibly favourable for mergers and acquisitions, it has not been favourable for consolidation of certain industries and so I think that is a big part of what was playing out today.
The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump's policies. Despite interventions by the Reserve Bank of India, the rupee weakened further, fueled by foreign investors pulling money out of Indian stocks.
The Relative Strength Index of the stock stood at 53.17 on Thursday.
A total of 129,882 shares changed hands on the counter till 10:24AM (IST).
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A total of 31,203 shares changed hands on the counter till 10:20AM (IST)
Chinese President Xi Jinping congratulated Donald Trump on his re-election victory, urging stronger dialogue to manage differences and expand cooperation between the two nations. While Beijing expressed respect for the American people's choice, concerns linger due to Trump's past trade policies and rhetoric towards China.
In the MSCI Smallcap Index Rejig, around 13 small cap stocks are to be included The adjustments are scheduled for November 25.
A total of 22,466 shares changed hands on the counter till 10:15AM (IST)
MSCI did not include Adani Energy Solutions in its Global Standard Index. This followed a show cause notice issued by SEBI to Adani Energy Solutions. MSCI also reduced the float in Adani Green Energy and Adani Power. Five other Indian companies were included in the index. MSCI increased the weightage of HDFC Bank.
Hindalco's shares plummeted 7% following subsidiary Novelis's announcement of an 18% drop in net income, settling at $128 million for Q2 FY2025. Despite a 5% growth in net sales driven by higher aluminum prices, Novelis's adjusted EBITDA declined 5% YoY, impacted by a flooding event at its Sierre facility.
Macrotech Developers, also known as Lodha, has purchased Bain Capital's stake in three industrial and logistics park entities for Rs 307 crore. This acquisition aligns with the company's strategy to increase its recurring income through its industrial and logistics park business under the brand LILP (Lodha Industrial and Logistics Park).
Axis Securities has set a target price of Rs 700 for Varun Beverages Ltd. The company's stock is currently trading at Rs 585.25. Varun Beverages recently acquired a beverage company in South Africa and DRC. The company is also expanding its distribution reach and manufacturing capabilities. Promoters hold a 62.66% stake in the company, while FIIs and DIIs hold 24.
The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2088.55.
October proved to be a challenging month for equity mutual funds, with all categories experiencing negative returns. The automotive sector suffered the most significant decline, while international funds fared comparatively better. Mid-cap and small-cap funds also witnessed losses, although less severe than their large-cap counterparts.
Indian business tycoon Harsh Goenka believes Donald Trump's return to the White House could have significant implications for India. Goenka analysed the potential impact on trade, strategic partnerships, and the Indian economy, highlighting both opportunities and challenges arising from Trump's policies.
Swiggy's IPO is facing uncertainty as analysts advise investors to consider the long-term potential due to profitability concerns and competition from Zomato. Despite conservative pricing, the IPO saw muted demand on its first day, with grey market trends indicating minimal listing gains.
The PSU stock reached a record high of Rs 298 on June 3, 2024, but fell over 13% to close at Rs 257 on November 5, 2024. After peaking in June, it slipped below the 50-week average on weekly charts in August. However, it found support around the Rs 230 level several times in August, September, and October, ultimately rebounding from these levels.
The funds will be used to bolster the company’s core team, develop the platform further and advance its purpose-built LLMs and AI agentic capabilities.
Axis Securities has given ICICI Bank a target price of Rs 1500, citing strong anticipated performance and a potential return on assets of 2.2-2.3%. The bank recently reported a consolidated total income of Rs 72942.55 crore, representing significant year-over-year growth. Despite this positive outlook, a potential slowdown in credit growth due to lagging deposit mobilization is a concern.
Elon Musk's net worth surged by $20.9 billion following Donald Trump's U.S. presidential election victory. Musk's Tesla holdings saw significant gains as investors anticipated favorable policies under a Trump administration, including potential challenges for smaller electric vehicle competitors and tariffs on Chinese imports. Other tech billionaires, including Jeff Bezos and Larry Ellison, also experienced wealth increases.
Delhi experienced very poor air quality on Thursday morning, with an overall AQI of 367. Nine stations even reported severe air quality. Despite clear skies, smog persisted throughout the day. The minimum temperature was 18 degrees Celsius, accompanied by high humidity.
