Q2 Earnings Update: IRFC Share Price Falls After Top Line Declines
IRFC Q2 Highlights
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Total Income down 7.7% at Rs 6,372 crore versus Rs 6,900 crore.
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Declares Interim Dividend of Rs 1.05 per share.
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Net Profit up 10.2% at Rs 1,777 crore versus Rs 1,613 crore.
Stock Market News: Chalet Hotels Launches Premium Lifestyle Hospitality Brand ‘Athiva’
Chalet Hotels Ltd. launched premium lifestyle hospitality brand ‘Athiva’. The company will use brand ‘Athiva’ over existing portfolio and pipeline of hotels, the company said in the exchange filing.
Q2 Earnings LIVE: Tips Music Share Price Swings Post Results
Tips Music Q2 Highlights
Revenue up 10.7% at Rs 89.20 crore versus Rs 80.60 crore.
Ebitda up 13.9% at Rs 67.70 crore versus Rs 59.50 crore.
Margin at 75.9% versus 73.8%.
Net Profit up 10.4% at Rs 53.20 crore versus Rs 48.20 crore.
Track live update on Q2 earnings here.
Stock Market LIVE: Paytm Will Transfer Offline Merchants Payment Business To Arm Paytm Payments
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One 97 Communication Ltd. owned Paytm will transfer offline merchants payment business to arm, Paytm Payments Services.
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The arm will get lump sum cash consideration for transfer of offline merchants payment business.
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Proposed transfer to result in consolidation of group’s online and offline businesses under the arm.
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The transfer will ensure that all payment aggregation activities housed within one regulated entity.
Stock Market News: Cartrade Tech Hits New Traffic Peak
Cartrade Tech Ltd. hit a new traffic peak at 57 million monthly active users on CarWale and BikeWale, the company said in the exchange filing.
Stock Market LIVE: Nifty Top Gainers & Losers As Of 12:34 PM
Stock Market LIVE: Government Extends BSNL CMD Ravi’s Additional Charge As CMD MTNL For Three Months
The Government of India extended BSNL’s Chairman and Managing Director Robert J Ravi’s tenure as CMD, Mahanagar Telephone Nigam Ltd for three months.
Stock Market Today|Stock Market News: Trent’s Board Will Consider Earnings On Nov 7
Trent Ltd. share price rose 1.53% to Rs 4,688 apiece.
Stock Market News: Peak XV Partners Investments V To Sell Stakes In Ixigo
Peak XV Partners Investments V will sell 3.3% stake in Ixigo’s parent firm Le Travenues Technology Ltd. The shareholding of Peak XV Partners Investments V in company at 6.7% post sale.
Stock Market News: Grasim Industries Commences Commercial Production At Co’s Plant
Grasim Industries commenced commercial production at company’s paints plant in Kharagpur, West Bengal, the company said in the exchange filing.
Stock Market News: Power Mech Projects Gets Order Worth Over Rs 2,500 Crore From BHEL
Power Mech Projects Ltd. received order worth over Rs 2,500 crore from Bharat Heavy Electricals Ltd. for thermal power project in Telangana Power Mech 2939.7, the company said in the exchange filing.
Persistent Systems’ Growth Story Remains Intact Post Q2 Beat; Top Brokerages Hike Target Price
Persistent Systems Ltd.’s growth momentum will likely continue, brokerages said after upbeat results for second quarter. JPMorgan, Nuvama, Emkay Global Research, and Nomura hiked target price for the stock.
Rupee Pares Some Gains Against US Dollar
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The rupee was trading 47 paise higher at 88.33 a dollar as of 11:08 a.m.
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A few minutes after open, the rupee strengthened 81 paise to 87.99 against US dollar. It’s highets level since Sept 18.
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The Indian currency sharply gained against US Dollar after reports said that RBI will likely resume FX swaps to aid liquidity.
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The Indian unit closed at 88.80 a dollar on Tuesday.
Source: Bloomberg
F&O: Nifty October Futures Rise
The Nifty October futures rose 0.76% to 25,397, with a premium of 109 points as of 10:45 a.m.
The Nifty Oct 21 Expiry: Most Call Open Interests are concentrated at 25,300 strikes, while most Put OIs are written at 25,200.
Nifty, Sensex| Stock Market Today: Nifty Realty Leads Gains
On National Stock Exchange, 14 sectoral indices advanced, one declined out of 15. The NSE Nifty realty was leading rally as Lodha Developers Ltd., Godrej Projects Ltd. led rally.
Stock Market LIVE: Nifty Top Gainers And Losers As Of 10:26 AM
LIVE: Rupee Strengthens Above 88 Against US Dollar
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Rupee strengthened 81 paise to 87.99 against US dollar
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It’s the highest level since Sept 18
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It closed at 88.80 a dollar on Monday
Source: Bloomberg
Market Experts’ View: Traders May Buy On Dips Amid High Volatility
Stock Market Today|Stock Market LIVE: Tata Motors Share Price Rebound From Eight-Day Winning Streak
Tata Motors share price rose 1.91% to Rs 403.00 apiece. The stock slumped for eight sessions to Tuesday because of the demerger of its commercial vehicle business.
Nifty, Sensex| Stock Market Today: Persistent Systems Share Price Jumps To Nearly Three-Month High
Persistent Systems Ltd. share price jumped 6.78% to Rs 5,699.20 apiece, the highest level since July 23. It was trading 6.67% higher at Rs 344.40 apiece as of 9:29 a.m.
Persistent Systems reported a 11% on quarter increase in its consolidated net profit for second quarter.
Sectoral Performance At Open: Nifty PSU Bank Leads Gains
On National Stock Exchange, 14 sectoral indices advanced, and one declined out of 15. The NSE Nifty PSU Bank advanced the most, while the NSE Nifty Media emerged as the worst performing stock.
Stock Market Today| Nifty Contributors: ICICI Bank, Airtel, L&T Shares Support Gains
ICICI Bank Ltd., Bharti Airtel Ltd., Larsen & Toubro Ltd., Reliance Industries Ltd., and HDFC Bank Ltd. added to the NSE Nifty 50 index.
Axis Bank Ltd., Titan Co Ltd., Tech Mahindra Ltd., Dr. Reddy’s Laboratories Ltd., and Max Healthcare Institute Ltd. limited gains to the NSE Nifty 50 index.
Stock Market Today|Stock Market LIVE: Nifty, Sensex Rise As RIL, ICICI Bank Shares Lead
The NSE Nifty 50 and BSE Sensex rose as Reliance Industries Ltd. and ICICI Bank Ltd. shares led. The indices were trading 0.41% and 0.20% higher, respectively as of 9:20 a.m.
LIVE: Yield On 10-Year Bond Opens Flat
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The yield on the 10-year bond opened flat at 6.51%
Source: Bloomberg
LIVE: Rupee Opens Sharply Higher Against US Dollar
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Rupee opened 52 paise stronger at 88.28 against US dollar
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It closed at 88.80 a dollar on Monday
Source: Bloomberg
Brokerages Radar: Cyient DLM And TCS In Focus After Target Price And Revenue Estimate Cuts
Cyient DLM and Tata Consultancy Services are under the brokerage lens today following key updates.
Analysts have maintained neutral and hold ratings on the stocks, with target price adjustments and changes to revenue estimates reflecting cautious outlooks on near-term growth visibility and the impact of one-off costs.
Gold, Silver Prices Hit Fresh Record High
Gold prices in India today were trading at levels above the Rs 1,26,000 mark, amid the festive season. The gold price today rallied to a fresh high of Rs 1,26,520 according to the India Bullion Co. The prices jumped over Rs 5,000 after the commodity was trading at Rs 1,21,660 on Oct. 11.
Asia Markets LIVE: Japan’s Nikkei 225, South Korea’s KOSPI Rise Over 1%
Markets in Japan, South Korea, Hong Kong, and Mainland China advanced as prospect for another quarter-basis-point rate cut in the US increased. US Federal Reserve Chair Jerome Powell expressed concerns about weakening labour market, which fuelled hopes for further monetary easing.
The Nikkei 225 and KOSPI were trading 1.27% and 1.80% higher, respectively as of 7:52 a.m. The Hang Seng was trading 1.58% higher.
LIVE: GIFT Nifty Indicates Muted Open; Tech Mahindra, Cyient DLM, Ola Electric Shares In Focus
The GIFT Nifty was trading 0.04% or 10.50 points higher at 25,276 as of 6:36 a.m., which implied a muted open with a positive bias.
Tech Mahindra Ltd., Cyient DLM Ltd., Thyrocare Technologies Ltd., and Persistent Systems Ltd. shares will be in focus because of the lastest quarterly reports.
Traders will also monitor Ola Electric Mobility Ltd., Keystone Realtors Ltd., Star Cement Ltd., Kirloskar Ferrous Industries Ltd. shares because of the overnight news flow.
The NSE Nifty 50 and BSE Sensex ended lower for two sessions in a row. The Nifty 50 and Sensex settled 0.32% and 0.36% down, respectively on Tuesday.
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