Indian Stock Market – Exploring Lucrative Investment Prospects on November 18, 2024
Stock Market And Business Top Stories on 18th November 2024
Check These Stock Trending In The Stock Market
Indraprastha Gas Ltd
Utilities | Small Cap
Rs.332.40/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1711.10/-
National Aluminium Company Ltd
Basic Materials | Mid Cap
Rs.239.59/-
Tata Consultancy Services Ltd
Technology | Large Cap
Rs.3998.35/-
Zomato Ltd
Technology | Large Cap
Rs.270.28/-
Reliance Industries Ltd
Rs.1248.60/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
Rs.770.20/-
Swiggy Ltd
SWIGGY E-Commerce/App based Aggregator | Large Cap
Rs.422.80/-
BSE Ltd
Financial Services | Mid Cap
Rs.4622.85/-
Hero MotoCorp Ltd
Consumer Cyclical | Mid Cap
Rs.4832.65/-
Suzlon Energy Ltd
Industrials | Mid Cap
Rs.58.34/-
Hindustan Aeronautics Ltd
Industrials | Large Cap
Rs.4127.95/-
PNB Housing Finance Ltd
Financial Services | Small Cap
Rs.870.35/-
Mahanagar Gas Ltd
Utilities | Small Cap
Rs.1158.20/-
Axis Bank Ltd
Financial Services | Large Cap
Rs.1124.40/-
Hindalco Industries Ltd
Basic Materials | Large Cap
Rs.649.60/-
Trending Top Stories in The Indian Stock Market on November 18, 2024
Mahanagar Gas Limited share falls 17.50% as APM gas allocation is curtailed 20% for the second straight month cuts into profitability.
EaseMyTrip acquires 49% of Australia’s Planet Education for 39.20 crore and 50% of Jeewani Hospitality for 100 crore.
Swan Energy forms a Special Purpose Vehicle with Balu Forge Industries to set up a proposed business venture.
ICICI Securities downgraded Torrent Power Ltd to REDUCE with a target price of Rs 1,500, citing the firm’s revised FY26E profit estimates.
Voltas aims at new product portfolios besides rolling out marketing campaigns to help in customer acquisition. The firm sees revenues growth with compounded annual growth rate by 13.8%.
KPI Green Energy recommends its board a bonus issue, offering 1 bonus share for every 2 held, is subject to approval from shareholders.
Goldman Sachs downgraded Honasa Consumer to Neutral and sliced the target price to 375 as Q2 results saw the revenue decline coupled with increased losses.
L&T Technology Services partners with Colorado Smart Cities Alliance to accelerate innovation in smart city projects across the state of Colorado.
Shares of Honasa Consumer skidded more than HONASA 20% after its disappointing Q2 FY25 results, where revenue declined by a whopping 6.9% and EBITDA recorded losses.
The stock price of Vedanta has rallied up to 7 per cent after China removed export tax rebates for Aluminium and Copper products from December 1, 2024.
Indian Oil Corporation recorded its highest profit at Rs 39,617 crore on revenues of Rs 8.7 lakh crores by recording a margin of 4.5%.
Shares of Hindalco jumped over 3 per cent after China decided to rescind export tax rebates for aluminium and copper products, sending international aluminium prices skyrocketing.
Hero MotoCorp reported Q2FY25 results with 14% net profit growth to Rs 1,204 crore and intends to expand its premium retail footprint to over 100 stores.
Jefferies has downgraded Mahanagar Gas Ltd to Underperform from Buy and reduced the target price to ₹1,130 per share and cut FY26 EPS estimates by 31%.
Morgan Stanley has upgraded Muthoot Finance to Equal-Weight from Underweight and increased the target price to ₹1,600 per share.
Colgate-Palmolive India: Demand for home and personal care slows down due to consumers delaying purchases and increasing usage.
Cyient: Tie-up with Allegro MicroSystems in order to take the partnership to next generation magnetic sensors and power semiconductor products in the auto space.
Nomura: Neutral rating on Bharat Forge at *1,515; Jefferies continues to have underperformance rating at ₹1,100.
Hero MotoCorp reported Q2FY25 results with 14% net profit growth to Rs 1,204 crore and plans to launch three new premium motorcycle models in six months.
Emkay Global downgraded Honasa Consumer Ltd to Sell from Buy, cutting target price by 50% due to weak Q2 results and earnings expectations.
Bank of Baroda plans to leverage 1,000 branches to attract high net-worth individuals and boost retail deposits.
Hindustan Zinc emerges as preferred bidder for Dugocha gold mine block in Rajasthan; wins composite license to expand its precious metal portfolio.
Grasim Industries reported a net profit that declined 66% in Q2 FY2025 at Rs 389 crore; revenues were up 11% in the quarter to Rs 33,563 crore.
Titan’s jewellery business in for medium-term headwinds with increased competition and margin pressure according to analysts at ICICI Securities.
GAIL cuts gas supply to Adani Total Gas by 13% impacting profitability and plans to retail price adjustment.
Analysts at ICICI Securities report medium-term headwinds for Titan in its jewellery business as increased competition and margin pressure weigh on it.
GAIL cuts gas supply to Adani Total Gas by 13% impacting profitability and plans to retail price adjustment.
GAIL India has cut its supplies of domestic gas by 20% to Indraprastha Gas, which could start impacting profitability from November 16.
Adani Green Energy to raise $2 billion in international bonds and loans, with a $600 million international bond sale within the next days.
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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