Indian Stock Market – Exploring Lucrative Investment Prospects on November 4, 2024
Stock Market And Business Top Stories on 4th November 2024
Check These Stock Trending In The Stock Market
Afcons Infrastructure Ltd
AFCONS Infrastructure Developers & Operators | Small Cap
Rs.459.00/-
Mahindra & Mahindra Ltd
Consumer Cyclical | Large Cap
Rs.2867.05/-
Waaree Energies Ltd
Capital Goods – Electrical Equipment | Mid Cap
Rs.2813.05/-
Reliance Industries Ltd
Energy | Large Cap
Rs.1290.70/-
Infosys Ltd
Technology | Large Cap
Rs.1741.00/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1736.40/-
BSE Ltd
Financial Services | Mid Cap
Rs.4456.00/-
Punjab National Bank
Financial Services | Large Cap
Rs.100.93/-
ICICI Bank Ltd
Financial Services | Large Cap
Rs.1278.55/-
Bajaj Auto Ltd
Consumer Cyclical | Large Cap
Rs.9435.00/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
Rs.824.50/-
Sun Pharmaceuticals Industries Ltd
Basic Materials | Large Cap
Rs.1789.80/-
Central Depository Services (India) Ltd
Financial Services | Small Cap
Rs.1520.50/-
Axis Bank Ltd
Financial Services | Large Cap
Rs.1148.60/-
Syrma SGS Technology Ltd
Electronics | Small Cap
Rs.534.20/-
HCL Technologies Ltd
Technology | Large Cap
Rs.1757.40/-
Trending Top Stories in The Indian Stock Market on November 4, 2024
Mahindra & Mahindra has been upgraded to BUY by Kotak Securities as it witnessed record SUV and tractor sales in October 2024.
Refex Green Power Limited has acquired the remaining 51% stake in Sherisha Solar SPV Two. It will be a wholly-owned subsidiary now.
IRCTC is to consider an interim dividend for FY25, wherein November 14, 2024, will be the record date for the eligibility of shareholders in case the proposal is approved.
Indian Oil Corporation Goldman Sachs has maintained the Sell call on the stock with a target price of 105, citing significant downside risks due to weaker earnings.
Bajaj Auto clocks 4,79,707 units in October 2024; up by 2% YoY; domestic sales dip by 8%, exports are up by 24%.
BF Investment consolidated net sales at Rs 18.58 crore in September 2024; Y-o-Y growth stands at 27.18% Net profit down 48.01%.
AGS Transact reports Q2 FY25: Net Sales at Rs 351.69 Cr decline by 6.6% Y-o-Y; Net Profit stood up at 124.91% to Rs 15.17 Cr
Lykis reports net sales at Rs 83.89 Cr, down by 15.4% YoY; Net Profit stood at Rs 0.92 Cr, down 54.95% YoY.
HCL Technologies to launch new Al/Cloud Native Lab in Singapore, launching operations in 2025 will expand regional Al end.
Mahindra & Mahindra has received a rating upgrade to BUY by Kotak Securities on back of record SUV and tractor sales in October 2024.
Refex Green Power Limited has acquired the remaining 51% in Sherisha Solar SPV Two. Therefore, Sherisha Solar SPV Two is a fully-owned subsidiary of Refex Green Power Limited.
IRCTC is likely to move an interim dividend for FY25. The eligibility date for shareholders has been slated as November 14, 2024, subject to approval.
Goldman Sachs maintains Sell recommendation on Indian Oil Corporation at price target of 105 that comes as the investment advisor is still concerned by how low the earnings can deteriorate due to severe distress on profitability.
Cargo throughput at Adani Ports came in at 37.9 mmt in October 2024; year-to-date cargo throughput was at 257.7 mmt, up 8% from YoY level.
Welspun Corp won two supply contracts of 1,300 crs for coated HSAW pipes in US; this will be achieved in FY26.
Despite the great success of the NYKAALAND 2.0 beauty festival, Jefferies retains a buy rating for Nykaa with a target price of Rs 220.
Results for Bata India in Q2 are due to be announced on November 4, 2024.
Q2 results of Amara Raja Energy & Mobility are scheduled to be published today and the company is expected to report net profit at Rs 265 crores and revenue at Rs 3,351 crores.
Presently, Exide Industries will announce Q2 results for the quarter ended September 30, 2024 today, November 4, 2024.
Sebi slaps Rs 50 lakh fine on Sunil Lulla for violating market norms of Eros International Media; also prohibits holding director positions.
Maruti Suzuki retails 202,402 units in October, highest for any October month, with festive season demand and marriages keeping clock ticking.
DAM Capital initiates Buy on Bharti Airtel with a price target of ₹1,907, which suggests an upside potential of 18 per cent.
Apollo Hospitals will set up a 500-bed hospital in Worli, Mumbai, investing Rs 130 crore in the plan that includes an expansion. DLF will invest ₹8,000 crore into developing an ultra-luxury housing project in Gurugram over the next 4-5 years.
Patanjali Foods Ltd declares interim dividend of Rs 8, with an ex-date scheduled on 4 November, 2024.
The US FDA said it was recalling over 331,000 bottles of Cinacalcet due to the manufacturing issues of Dr Reddy’s Laboratories.
IRCTC is going to announce the Q2 results today, with projected revenue at Rs 1,125.7 crore and net profit of Rs 316.6 crore.
Oberoi Realty Ltd announced an interim dividend of Rs 2. Record date and ex-date was November 4.
Coal India announced its first interim dividend of Rs 15.75 per share in FY 2024-25. The record date was November 5.
V.S.T. Tillers Tractors October power tiller sales increased to 1,783 units from 1,220 units in the corresponding period of last year. At the same time, the tractor sales increased to 680 units from 289 units YoY.
The shares of Kajaria Ceramics Ltd went ex-dividend on November 4, 2024, announcing a declared interim dividend of ₹5.
DAM Capital initiates ‘Buy’ with target price at ₹1,970 per share on Bharti Airtel and cited growth in revenues along with EBITDA, while Goldman Sachs added Mahindra & Mahindra to its APAC conviction list with a target price of ₹3,600. Kotak up graded to Buy, target of ₹3,150.
Amara Raja Energy & Mobility: The company will report Q2 results today, reporting a net profit growth of 17% year on year and revenue growth of 10% year on year.
MOIL Ltd slashes manganese ore price by 7% for grades of Mn-44% and above from November 1.
Patanjali Foods Ltd announced an interim dividend of Rs 8 per share, that went ex-dividend today, and the payment date is November 23.
Kajaria Ceramics Ltd shares will go ex-dividend today with an interim dividend of Rs 5 per share payable on November 20.
PL Capital projects IRCTC’s Q2FY25 revenue to be up 9.1% YoY at Rs 1,090 cr in which catering revenue will be 24% YoY.
Colgate-Palmolive (India) shares will go ex-dividend on November 4, when it declares an interim dividend of Rs 24 per share.
Azad Engineering has signed a long-term deal with Mitsubishi Heavy Industries for the supply of airfoils. The deal is worth about Rs 700 crore over five years.
Rushil Decor will be closing its Chikmagalur MDF manufacturing unit for 16 days from November 5 for maintenance. Sufficient inventory has been readied to meet production requirements.
Premier Energies subsidiaries win multiple orders of 560 crore, with 513 crore of these being for solar modules and 47 crore for solar cells.
Zen Technologies posts a Q2 net profit of 63.4 crore, up 365.3% YoY with revenue up 263.7% to 241.8 crore.
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