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Deven Choksey, MD, DRChoksey Finserv

Banks and NBFCs

Caplin Point | Arm Gets US FDA Approval For Nicardipine Hydrochloride Injection

Nicardipine Hydrochloride Injection Indicated For Short-term Treatment Of Hypertension

Bondada Engg Bags Order Worth ₹1,050 Cr From Adani Group.

Intellect Design | Bags Order From East African Bank NCBA

Even the most knowledgeable company executives may end themselves on the losing end of a trend. One recent example is Hindustan Zinc, situated near Udaipur.

At $37 per ounce, Hindustan Zinc hedged 131 tonnes of silver, or around 34% of its projected production in the second half of the current fiscal year, for ₹2 lakh crore ($22.8 billion). As of right now, silver prices have risen to a multi-year high of about $50 per ounce.

Ajay Dua, Former Union Secretary, Commerce & Industry, Government of India On CNBC-TV18

Nifty below 25,950

Eternal, IndiGo and Bharti Airtel decline the most

Nifty 50 is currently at 25,946.75

Eternal, IndiGo, ICICI bank, Bharti Airtel, UltraTech Cement are the top losers.

A total of 31 of the 50 stocks are trading with gains.

Vardhman Textile reported its September quarter results on Thursday, October 23, which were mixed on a year-on-year basis across all parameters.

The company reported a 5% drop in its overall net profit to ₹187 crore for the September quarter. It had reported a net profit of ₹197 crore during the same period last year.

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A draft proposal creating a dual valuation methodology for government securities owned under the Atal Pension Yojana (APY) and National Pension System (NPS) has been made public by the Pension Fund Regulatory and Development Authority (PFRDA).

Amitendu Palit, Senior Research Fellow at the Institute of South Asian Studies, National University of Singapore, believes India may not have much space to shape its trade negotiations with the United States. “India has not got a chance to set its agenda in these negotiations. It is reacting to an agenda set by the US,” he said.

Sudeep Shah, Head Of Technical and DerivativeResearch, SBI Securities

On Thursday, October 23, Vardhman Textile released its September quarter results, which showed mixed outcomes year over year across all metrics.

For the September quarter, the company’s total net profit dropped by 5% to ₹187 crore. During the same time the previous year, it reported a net profit of ₹197 crore.

Epack Prefab

The shares of L&T hit a record high on Thursday, as the Indian markets surged to a record high.

These are some of the biggest movers in terms of higher-than-usual volume among the Nifty 500 stocks.

Birlasoft

HUL Says | Target Margin Range Is 23-24% Vs Earlier Range Of 22-23%.

Nifty 50 hits 26,100 for the first time since September 30, 2024

Bhavin Shah, Sameeksha Capital On CNBC-TV18

Devang Mehta, Spark Private Wealth Management On CNBC-TV18

On Thursday, October 23, BirlasoftLtd.’s stock increased by more than 10%, the largest one-day increase since May 2021.

In contrast to a 20-day average of 2.4 lakh shares, the Pune-based IT services company saw considerable trading activity, with volumes reaching a four-month high and around 70 lakh shares changing hands.

On Thursday, October 23, Kalpataru Projects International Limited (KPIL) said that it and its foreign subcontractors have obtained additional orders totalling ₹2,332 crore.

According to the corporation, the new orders comprise projects in the buildings and factories (B&F) division in India as well as the electricity transmission and distribution (T&D) segment in foreign countries.

On Thursday, October 23, RBL Bank Ltd.’s shares saw profit booking following a nearly 12% increase in anticipation of the Emirates NBD deal. Three of the last four trading sessions have seen a drop in the stock.

Following Emirates NBD Bank’s announcement that it will invest up to ₹26,853 crore (about $3 billion) to purchase up to 60% of the private lender, shares had increased by 10% on Monday.

The shares of PTC Industries declined on Thursday.

HUL reports its Q2 earnings

The shares of SBI hit a record high on their return to trade.

PTC Ind | Gets Purchase Order From GTRE For Single Crystal ‘Ready-to-Fit’ Turbine Blades

A few days after releasing a business update for the quarter, Hindustan Unilever Ltd. (HUL), the biggest FMCG firm in India, released its September quarter results on Thursday, October 23. In contrast to a CNBC-TV18 survey that predicted a 0% to 1% rise, the quarter’s underlying volume growth was flat.

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