Indian Stock Market – Exploring Lucrative Investment Prospects on November 8, 2024
Stock Market And Business Top Stories on 8th November 2024
Check These Stock Trending In The Stock Market
Central Depository Services (India) Ltd
Financial Services | Mid Cap
Rs.1640.30/-
Indian Hotels Co Ltd
Consumer Cyclical | Large Cap
Rs.722.90/-
Reliance Industries Ltd
Energy | Large Cap
Rs.1289.10/-
Waaree Energies Ltd
Capital Goods – Electrical Equipment | Mid Cap
Rs.3207.70/-
ITI Ltd
Communication Services | Small Cap
Rs.288.38/-
One 97 Communications Ltd
E-Commerce/App based Aggregator | Mid Cap
Rs.817.60/-
BSE Ltd
Financial Services | Mid Cap
Rs.4911.80/-
Trent Ltd
Consumer Defensive | Large Cap
Rs.6303.00/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1750.35/-
Tejas Networks Ltd
Communication Services | Small Cap
Rs.1435.00/-
Motilal Oswal Financial Services Ltd
Financial Services | Mid Cap
Rs.1013.00/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
Rs.809.40/-
Apollo Enterprise Ltd
Healthcare | Large Cap
Rs.7450.00/-
Dixon Technologies (India) Ltd
Consumer Cyclical | Mid Cap
Rs.15576.05/-
Trending Top Stories in The Indian Stock Market on November 8, 2024
Supreme Court orders liquidation of Jet Airways; bars Jalan-Kalrock consortium from withdrawing 200 crores; allows lenders to invoke ₹150 crore performance bank guarantee.
Rail Vikas Nigam Ltd reports 27% fall in net profit at Rs 287 crore for Q2 September 2024 with revenue falling by 1.2%.
Astral reports Q2 net profit of Rs 108.7 crores; down 17.5%, with revenue up 0.5% to Rs 1,370.4 crores.
Emami Ltd reports 17.2% PAT growth in Q2 to Rs 211 crore, while the company’s revenues grow 3% to Rs 890.6 crore.
Net profit for Cochin Shipyard rises to Rs 189 crore in Q2 FY2024 as revenues up 13% at Rs 1,143 crore are reported to have grown 4% YoY.
The Tata Power will invest ₹550 crore to build solar and wind energy infrastructure for Noida International Airport over a period of 25 years.
INOX India to Deliver Five Specialized Cryogenic Tanks for Highview Power’s Liquid Air Energy Storage Project in Manchester, UK.
State Bank of India’s quarterly results are expected to be announced on Thursday; it may report a net profit of between Rs 12,894 crore and Rs 18,712 crore.
Va Tech Wabag Reports 17% YoY Gain in Net Profit at Rs 70.3 crore while Revenue Up 5.3% Year-On-Year at Rs 700.3 crore.
10 .Net interest income may, however, end up in single digits for Q2FY25. Brokerages estimate between Rs 40,943 crore and Rs 43,100 crore.
LIC to declare Q2 results today, after delivering a solid Q1, with net profit rising by 9% at Rs 10,544 crore.
Cochin Shipyard declares an interim dividend of Re 1 per equity share. Net profit at Rs 193 crore for Q2FY25.
Mahagenco, joint venture partner for International Battery Co. which plans to manufacture lithium-ion batteries at a cost of an amount of Rs 230 crores for at least a 40% equity in the company.
A unit of Adani Enterprise called Stratatech Mineral Resources Pvt Ltd merges with Mahan Energen Ltd. and that was sanctioned by Ahmedabad NCLT. End.
Vedanta declares Q2 results today: on estimates, net profit around Rs 2495-2600 crores, had reported a loss last year.
Bernstein retains Outperform for Trent with the target price of Rs 8,100, the group misses the Q2FY25 results.
UBS maintains Sell on Cummins India. Target price still at 2,380 which implies 33% downside from here.
SAIL said net profit in Q2 moderated by 31% YoY to Rs 897.15 crore, as total income declined by 16.80% to Rs 24,842.18 crore.
Ace investor Siddhartha Yog acquired a 0.38% stake in Trent from Dodona Holdings at an average price of Rs 6,445 a share.
Reliance Industries loses $50 billion in market cap amid weak Q2 earnings and subscriber loss in its Jio division.
Wipro Ltd sees 8.5 crore shares, or 1.6% equity, change hands in two block deals; promoter likely seller.
Cochin Shipyard declares interim dividend of Rs 4 per equity share and plans to raise up to $50 million through US dollar-denominated notes.
Goldman Sachs has maintained the buy call on Astral with a target of Rs 2,410, expecting a 35% upside from the current share price.
G S Power reports Q2 FY25 as the profit fell 38% to 281.7 cr on 6.4% revenue slide at ₹3,992.1 cr.
Emkay downgrades Mahindra & Mahindra to ‘Reduce’ with a price target of 2,700 on muted growth expectations amidst industry headwinds.
Buy recommendation Motilal Oswal Financial Services maintains a buy call on Titan Company with the target price of Rs 3,850.
Ashok Leyland will declare Q2 FY2025 results on November 8, 2024.
Citi reiterates Sell on Page Industries, raises target to Rs 35,800, with a 20.7% downside seen from current levels.
Tata Motors is expected to report YoY growth of 25-42% in Q2 FY2025 net profit while sales decline is muted across segments.
T Rowe Price International Discovery Fund sold an aggregate 1.54% of TeamLease Services Ltd for Rs 71.14 cr.
Great Eastern Shipping declares 11th consecutive quarterly dividend of Rs 7.20 a share as Q2 again proves a testing quarter
GR Infraprojects posts a 10.9 pc decline in profit at Rs 193.6 cr and a 26 pc fall in revenue of Rs 1,394.3 cr for Q2FY25
Brokerage house Jefferies retains TRENT under ‘Hold/Reduce’ rating on Trent with target price at ₹5,900, indicating a possible downside of 9.66%.
The shares of Yatharth Hospital declined by 6.3% following Q2 FY25 results reporting a downwards operating profit margin with the latter net and sales revenue in the quarter.
Sterlite Technologies has emerged as the lowest bidder for a ₹1,625 crore BSNL project which is to develop the middle mile network in Jammu & Kashmir.
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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