Indian Stock Market – Exploring Lucrative Investment Prospects on November 11, 2024
Stock Market And Business Top Stories on 11th November 2024
Check These Stock Trending In The Stock Market
Shipping Corporation of India Ltd
Industrials | Small Cap
Rs.238.23/-
Divis Laboratories Ltd
Basic Materials | Large Cap
Rs.5894.70/-
BSE Ltd
Financial Services | Mid Cap
Rs.4713.00/-
Indian Hotels Co Ltd
Consumer Cyclical | Large Cap
Rs.736.35/-
Reliance Industries Ltd
Energy | Large Cap
Rs.1281.45/-
State Bank of India
Financial Services | Large Cap
Rs.851.90/-
Suzlon Energy Ltd
Industrials | Mid Cap
Rs.60.19/-
Premier Energies Ltd
Energies Capital Goods Electrical Equipment | Mid Cap
Rs.1041.60/-
ITI Ltd
Communication Services | Small Сар
Rs.340.34/-
Op Asian Paints Ltd
asianpaints Basic Materials | Large Cap
Rs.2548.55/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
Rs.825.60/-
Aarti Industries Ltd
Basic Materials | Small Cap
Rs.435.85/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1774.50/-
Power Finance Corporation Ltd
Financial Services | Large Cap
Rs.488.75/-
Waaree Energies Ltd
Capital Goods – Electrical Equipment | Mid Cap
Rs.2965.60/-
Trent Ltd
Consumer Defensive | Large Cap
Rs.6435.00/-
Trending Top Stories in The Indian Stock Market on November 11, 2024
KIMS signs new 15-year operation and management agreement with Insignia Healthcare for new 150-bed super specialty hospital at Guntur.
Satin Creditcare Network posts net profit down 58.15% sequentially and gross NPAs increase to 3.5% for Q2 FY25 as asset quality deteriorated.
Alembic Pharma receives USFDA final approval for Diltiazem Hydrochloride extended-release capsules, which is estimated to have a market size of $105.3 million.
Goldman Sachs initiates ‘Buy’ on United Spirits with a target price of 1,650 driven by premiumisation trends and probable tariff cuts.
Kotak Institutional Equities sees ONGC’s EBITDA in Q2FY25 flatting QoQ; crude oil sales volume likely to be at 4.6 mmt.
Utkarsh Small Finance Bank Q2 profits dip 55% to Rs 41.9cr; cuts loan growth guidance to 18-20% but advances credit cost guidance to 3.5-4.5%.
Ashok Leyland declares interim dividend of Rs 2 per equity share, a payout of 200%. The ex-date is November 19, 2024.
Goldman Sachs initiates a buy rating on Trent with a target price of 8,000 with 27% upside. It attracted its investor focus by underlining growth prospects of Zudio.
Analysts expect Britannia Industries to report 2.85% year-over-year PAT growth, estimated at Rs 604.76 crore, on the back of positive rural trends and strategic price cuts.
Interim Dividend: IRFC declared an interim dividend of 0.80 per share, with the record date set for Nov 12, 2024.
JPMorgan has downgraded Asian Paints to Underweight. Target price cut to Rs 2,400 due to a very strong operating miss in Q2FY25.
Nomura, Citi, and Morgan Stanley maintained ‘buy’ rating on Ashok Leyland with upside potential of 11%, 17%, and 21%, respectively.
Nomura has maintained its ‘buy’ rating on Info infoedge Edge at ₹8,630 citing growth in recruitment and stable billing in the real estate segment.
HSBC upgraded Lupin to ‘buy’ while raising target price to ₹2,400, citing operational performance in Q2, which will come in and steadily lead to growth in the complex injectables space going forward.
An antitrust probe by CCI draws a response from Zomato stating that no decision has been taken and they are compliant with the competition laws.
Zomato brings forth ‘Food Rescue’, a feature where cancelled orders can be sold at a discounted rate to reduce food waste.
UPL Turns Profitable in Q2FY25: Returns to Profitability of Rs 43 crore Despite Forex Losses, Exceptional Challenges.
HISTORICALLY FUTURISTIC Inox India wins its biggest order so far to construct a Mini LNG terminal in The Bahamas for Island Power Producers, boosting LNG supply and distribution
Info Edge declares 12 interim dividend; Q2 FY25 revenue comes in at ₹700.82 crore, up from ₹625.85 crore seen for Q2 FY24
Aarti Industries sees net profit decline 43% year-on-year for Q2 FY25, cuts FY25 EBITDA guidance to ₹1,050 crore.
CLSA upgraded Tata Motors to outperform with a target of ₹968; Nomura and Jefferies cut targets to ₹900 and 1,000 respectively.
Nykaa is seen reporting Q2 net profit more than tripling YoY; revenues are expected to rise by 26% YoY to Rs 1900 crore on the back of BPC business.
Shapoorji Pallonji Group’s loan arrangement of ₹20,000 crore with Power Finance Corp went bust due to high exposure risks.
Kotak Institutional Equities, Nomura, CLSA and Jefferies have put buy calls on SBI with price range between 810 and 1,075.
Vedanta reports Q2 profit of Rs 5,603 crore, says demerger process is on track, management likely to be completed by March 2025.
port Standalone net profit of Rs 9,215 crore and revenue of Rs 34,160 crore for the July-September 2024 period.
Government mops up Rs 3,449 crore by selling 1.6% stake in Hindustan Zinc Ltd through offer-for-sale on November 6-7.
Asian Paints net profit fell by 42.4% at Rs 694.6 crore in Q2 FY25 on weak demand and rising competition.
IHCL to push double-digit growth and develop Tree of Life boutique hotel segment more aggressively.
State Bank of India reports 28.3 per cent year-on-year growth in personal gold loans to ₹38,826 crore as of September 30.
Divis Laboratories reported a net profit of Rs 510 crore for Q2 FY25, which rose 46.5 per cent YoY. Revenue stood at Rs 2,338 crore, up 22.5 per cent YoY.
ITI Ltd awarded lowest bids for three packages of Bharat Net Phase-3 project, totalling Rs 4,559 crore.
The consolidated net profit at Rs 3,298 crore and revenue at Rs 55,132 crore have been projected by Hindalco Industries for the July-September 2024 quarter.
ONGC likely to post standalone net profit of Rs 9,215 crore and revenue of Rs 34,160 crore for the July-September 2024 quarter.
Rs 3,449 crore raised by the government through the sale of 1.6% stake in Hindustan Zinc Ltd through an offer-for-sale on November 6-7.
Merger talks between QCI and DM Healthcare have reached the last stages; Blackstone to take on a 51 % share.
Life Insurance Corp. is interested in health insurance: MD and CEO Siddhartha Mohanty.
Ashok Leyland’s electric vehicle arm Switch Mobility expected to achieve operating break-even by this fiscal year.
Nirmal Bang cuts Equitas SFB’s target rating to Hold from Buy, revises Target price to Rs 77 from Rs 92, as the provisions are high.
Britannia Industries The Q2 results were announced on 11 November, 2024.
Aurobindo Pharma reported net profit up 8.6% YoY at ₹817 crore, though sequentially down 11% QoQ.
Metropolis Healthcare reported consolidated net profit growth of 31% in Q2 FY2025 at Rs 35.5 crore while revenue was up 13.4% in Q2 FY2025 to Rs 349.8 crore.
Jubilant FoodWorks is expected to report its Q2 FY25 result today with expected net profit of Rs 390 crore and revenue of Rs 7,957 crore.
Disclaimer:The views and recommendations made above in news headlines are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.
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