Market News – Page 30

Asian stocks advance after US small-cap rally: Know More Here

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Asia’s stocks increased following Wall Street’s positive close, propelled by a shift away from megacap tech and into economically sensitive stocks, such as smaller businesses. Australia’s and Japan’s stocks increased. As investors consider support measures for the nation’s second-largest economy, an index of Chinese companies listed in the US increased by about 1% on Wednesday,

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Bajaj Auto shares in focus on 9% YoY PAT jump

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Thursday’s spotlight is on shares of two-wheeler giant Bajaj Auto after the company’s Q2FY25 earnings came in slightly under Street projections. The business said on Wednesday that its standalone net profit for the quarter that ended in September 2024 was Rs 2,005 crore. Over the Rs 1,836 crore recorded in the same period last year,

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Axis Bank shares in focus ahead of Q2 results

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In early trading on Thursday, October 17, Axis Bank’s share price decreased by around 1.60 per cent ahead of its results for the July-September quarter (Q2). The big financial company’s shares began trading at ₹1,152.95, down 1.6% from its previous close of ₹1,152.25. At 10:25 am, the stock saw a 1.5% decrease in value, closing

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BSE shares tumble 6% on Jefferies’ downgrade to ‘underperform’ rating

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On Wednesday, October 16, shares of the Bombay Stock Exchange (BSE), one of the oldest stock exchanges in Asia, dropped 7% during intraday trade to ₹4,419 a share. The stock saw a decrease after a downgrading by international broking Jefferies, which downgraded the stock from ‘hold’ to ‘underperform,’ citing an adverse risk-reward profile going forward.

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Nestle Q2 results preview: Revenue may grow at 5-7% on volume, price uptick

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Nestle India’s preview of Q2 results: On Thursday, October 17, 2024, Nestle India, the company that makes Maggi and KitKats, is scheduled to release its quarterly results for the July–September period (Q2FY25). The fast-moving consumer goods (FMCG) giant’s adjusted profit is predicted to rise by 7 to 8% to Rs 876 crore from Rs 805.5

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Pfizer Went From Covid Star to Activist Target as Stock Fell

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Although Pfizer Inc. and Albert Bourla prevailed in their initial battle with Starboard Value LP, the pharmaceutical company and its troubled CEO still have a lengthy battle ahead of them against an activist who detests defeat. Bourla is scheduled to meet with Starboard on Wednesday. This comes after news broke early this week that the

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Central govt to offload 5% stake in Cochin Shipyard via OFS at ₹1,540 per share

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The Offer for Sale (OFS) to sell a 5% stake in Cochin Shipyard Ltd. has been launched by the Narendra Modi administration, with a minimum share price of ₹1,540. The OFS is slated to open for non-retail investors on October 16, 2024, and for retail investors on October 17. The OFS offers a base offer

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Penny stock below ₹5: The price of Rajesh Wellness shares rises by more than 5%

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The announcement by Rajnish Wellness to establish 20 additional Dava Discount stores on Tuesday, October 15, caused shares, which are now trading below ₹5, to rise by more than 5%. The healthcare and wellness business aroused investor interest and raised the stock price when it revealed intentions to open 20 new Dava Discount locations in

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