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Company’s board approved an interim dividend of Rs 7 per equity share. It has fixed October 24 as the record date.
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Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for...
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Canara HSBC Life Insurance IPO allotment is scheduled for October 15. Refunds and share credits will follow on October 16. The stock will list on the BSE and NSE on October 17. The IPO saw a subscription of 2.30 times. Institutional investors led the demand. The grey market premium is currently flat. This indicates limited...
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We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
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HDB Financial Services shares are in focus today. The company will announce its September-quarter results. The stock has slipped since its market debut. Investors are cautious due to sector pressures. Analysts expect loan growth and modest margin expansion. Credit costs are anticipated to rise. The company’s performance and asset quality will be closely watched.
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The US dollar faced pressure early Wednesday. Federal Reserve Chair Jerome Powell’s comments fueled expectations of an interest rate cut this month. Meanwhile, trade disputes between Washington and Beijing escalated, impacting currency markets. The euro saw gains against the dollar. Investors are closely watching these developments for further market movements.
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Gold prices surged on Wednesday, nearing record levels. Investors sought safety in bullion as U.S.-China trade tensions escalated, increasing global uncertainty. Expectations of further U.S. interest rate cuts also fueled the rally. Silver prices also climbed, tracking gold’s upward movement. Platinum and palladium prices remained steady. Investors are closely watching upcoming economic data releases from...
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Oil prices are dropping. The International Energy Agency warns of a potential surplus of 4 million barrels per day in 2026. This is due to increased output from producers and sluggish demand. Trade tensions between the United States and China are also a concern. Investors are watching U.S. inventory data for clues on demand.
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Tech Mahindra’s Q2FY26 results are out. Net profit dipped year-on-year, but revenue saw an increase. Earnings Before Interest and Taxes showed strong growth. Brokerage firms have shared their views. Goldman Sachs, Morgan Stanley, and Nuvama have issued ratings and target price adjustments. Investors are reacting to these financial figures and expert opinions.
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In a day of fluctuating sentiment, Indian stock markets responded to a blend of global influences. The robust earnings from US banks uplifted investor optimism, yet lingering trade disputes between the US and China loomed large over the scene. Additionally, statements from Federal Reserve Chair Jerome Powell regarding the economic outlook are adding layers of...
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