Q2FY23 Preview: Tata Steel: Revenue seen at Rs552,266 million, PAT at Rs50,318 million
Result date: 31st October, 2022 Recommendation: Reduce Target price: Rs124 (Source: IIFL Research) Tata Steel is likely to post decline in revenue, both sequentially as well as over the year-ago quarter. The company’s provisional steel production for Q2FY23 stood at 7.51 MT and deliveries stood at 7.09 MT; down 3% and 4% over the year-ago […]
Multibagger stock gains 134% in 6 months, FIIs stake up 2.08% QoQ: Buy?
With a market worth of ₹3,079.72 crore, Kewal Kiran Clothing Ltd. is a small-cap business that operates in the consumer-discretionary goods and services (CDGS) sector. Kewal Kiran Clothing Limited (KKCL), one of India’s top manufacturers of branded clothing, specialises in the design, manufacture, and marketing of well-known Indian clothing brands including Killer, Easies, LawmanPg3, and […]
Fusion Microfinance’s IPO to open on November 2nd
On November 2, the general public will be able to subscribe to the initial share sale of microlender Fusion Microfinance, which is supported by large global private equity firm Warburg Pincus. The promotion expires on November 4. According to the red herring prospectus (RHP), the bids for anchor investors will be accepted starting […]
India expects Musk’s Twitter to comply with new local rules By Reuters
© Reuters. FILE PHOTO: The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California, U.S., July 22, 2019. REUTERS/Mike Blake/File Photo By Krishna N. Das NEW DELHI (Reuters) -Elon Musk’s takeover of Twitter Inc (NYSE:) will not change India’s expectation that it must comply with the country’s existing and […]
Derivative volumes touch record ₹17,350 trillion in Apr-Oct
MUMBAI : Equity derivatives volumes on the National Stock Exchange (NSE) hit a record ₹17,350 trillion so far in the fiscal year, led by proprietary and retail investors. This compares with ₹16,952 trillion for the whole of FY22. The number of contracts traded also hit a record 19.58 billion during the period, against 18.6 billion […]
Stock Market LIVE: Sensex adds 300 pts, Nifty above 17,700; Metal shines
Major US tech companies including Meta, Google and Microsoft posted disappointing quarterly results and/or provided discouraging forecasts which weighed heavily on the session on Wednesday. Earnings remain in focus this week but inflation and future rate hike concerns are still playing in investors’ minds. 27 Oct 2022, 09:35:02 AM IST JSW Steel shines in early […]
Penny stock rallies 170% in 3 years, Board sets record date for 1:1 rights issue
Transwarranty Finance Limited operates in the Non-Banking Financial Company (NBFC) sector and is a small-cap company with a market worth of ₹25.93 Cr. Since 1994, Transwarranty Finance Limited (Transwarranty), an Indian company with headquarters in Mumbai, has offered a comprehensive variety of financial and capital market services to more than 1,000 large, small, and medium-sized […]
Is the stock market open tomorrow?
Amid the festivities, to mark Balipratipada, the fourth day of Diwali, the stock market will be closed for trading on Wednesday. The currency market will also be shut while the commodities market will be closed during the morning session i.e. 9 am to 5 pm but will operate during the evening session — 5-11:30 pm. […]
Stock Market LIVE: Sensex, Nifty in the red; FMCG top drag, PSU banks, auto gain
Investors will focus on major central bank events, with the European Central Bank widely expected to raise rates by 75 basis points this week. Policymakers at the Federal Reserve and the Bank of England meet early next month. 25 Oct 2022, 11:55:10 AM IST Nifty FMCG worst hit among sectoral indices View Full Image Nifty […]
Bear market patterns: What investors should know about trend reversal
Subscribe to Business Standard Premium Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more! Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard. Download the Business Standard App for latest Business News and Market News . Source link
