News

Capital market plays recover in trade, Angel One nearly 2% off lows after SEBI Chief comments on F&O.

Our North Star is financial stability; short-term growth at the cost of stability hurts long-term growth. Financial instability can wipe out gains from fast growth, says Sanjay Malhotra

BHEL | Bags Order Worth ₹6,650 Cr Fro NTPC

The shares of L&T Finance surged on Friday amid the larger market sell-off.

Market off opening lows, broader market recovers

Parag Thakkar, Sr Fund Manager, Fort Capital

Minda Corp & Flair

Minda Corp and Flair – both reported excellent numbers. Minda reported 19% revenue growth, 19% EBITDA growth. Flair reported 30% growth in PAT so I would say that all companies, actually, I would say all decent, good companies in their own segments are doing their best.

The Nifty Bank index is under pressure.

Siddhartha Khemka, Hd-Research, Wealth Mgmt, Motilal Oswal Financial Services

Bharti Airtel

Siddhartha Khemka, Hd-Research, Wealth Mgmt, Motilal Oswal Financial Services

Consumer Durables

Shares of Interarch Building Solutions Ltd. are trading with gains of 12% on Friday, November 7, in response to its September quarter results, which were reported after market hours on Thursday.

Primary market remains robust, ₹2 lakh crore raised so far, deep pool of domestic capital ready to deploy & capital-raising processes to be streamlined

Studds Accessories Ltd., a company based in Haryana that produces motorcycle accessories and two-wheeler helmets, had its shares muted in their initial session on Friday, with a valuation of 2,243.14 crore.

Studds Accessories lists at ₹565/sh vs issue price of ₹585/sh on NSE

Siddhartha Khemka, Hd-Research, Wealth Mgmt, Motilal Oswal Financial Services

On Apollo Hospitals

Siddhartha Khemka, Hd-Research, Wealth Mgmt, Motilal Oswal Financial Services

On PSU banks

Siddharth Rai Mangala, Sr Research Analyst, Stockbox Technologies

Buy Tata Consumer with a stop loss of ₹1,175 and a target of ₹1,225 & ₹1,240

Buy M&M with a target of ₹3,670-3,695

On Amber Ent

The stock has come below ₹8,200, the momentum is clearly negative. In case of a negative opening, the support for today will be around ₹7,000 mark. But the structure has been completely distorted in the last week, so now we should avoid this stock.

Total EBITDA (Aluminium +Utkal +Copper) CNBC-TV18 Poll At Rs 5,350 cr

–Aluminium EBITDA CNBC-TV18 Poll At Rs 4,680 cr

–Copper Biz EBITDA CNBC-TV18 Poll At Rs 670 cr

On Friday, November 7, shares of Multi Commodity Exchange (MCX) of India Ltd. began as much as 5% down after international broking Morgan Stanley kept its “Underweight” recommendation on the stock, with a target price of ₹5,860.

The objective suggests a possible 37% decline from the most recent closing price of MCX.

Market expert Mitessh Thakkar of Bonanza Portfolio shared his trading ideas for the day, recommending a mix of buy and sell calls across fast-moving consumer goods (FMCG) and hotel stocks.

CNBC-TV18 Access 

GSK Pharma slips 2%, ABB India drops over 3%, Amber Enterprises plunges 10%, while Aarti Industries gains more than 5% after Q2 results

Mitessh Thakkar, Bonanza Portfolio

Amber Enterprises Ltd.’s shares fell 12% on Friday, October 7, following the company’s poor results announcement that fell short of all projections.

In contrast to a profit in the base quarter, the company’s revenue marginally decreased and it fell into a deficit in the second quarter.

IT stocks under pressure, on concerns about soaring AI cos valuations concerns globally. Soft Bank fell 8% today on AI concerns; Nasdaq fell 2%

Total Sales Up 120.21% MoM & Up 40.53% YoY At 40.23 Lk Units

2-wheeler Sales Up 144.60% MoM & Up 51.76% YoY At 31.49 Lk Units

CV Sales Up 49.52% MoM & Up 17.69% YoY At 1.07 Lk Units

Total Sales Up 21% YoY At 52.38 Lk Units

Nifty below 25,400, with Airtel, HCLTech, NTPC, TCS & Wipro being the top losers.

In reaction to Finance Minister Nirmala Sitharaman’s comments on the Futures & Options segment on Thursday, shares of India’s Capital Market stocks, including BSE Ltd., CDSL Ltd., Angel One Ltd., and Motilal Oswal Financial Services Ltd., are seeing erratic movements on Friday, November 7.

On Friday, November 7, Bharti Airtel Ltd. shares fell 3.5% following a block deal involving the exchange of 5.1 crore shares.

Citing sources, CNBC-TV18 reported on Thursday, November 6, that Singapore Telecommunications Ltd. (Singtel), through Pastel Ltd., was expected to sell about 0.8% of Bharti Airtel for ₹10,300 crore, with a floor price of ₹2,030 per share.

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