News

Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services

On Hindalco: “The medium to long-term outlook remains strong, supported by the progressive capex plan, and even for Novelis, with the surge in global aluminium prices, H2 could be seen as a much better recovery. And hence, of the aluminium stocks, we remain positive on Hindalco, we have a buy rating and a target price of ₹890.”

Ramachandra Kollareddy, Midwest On CNBC-TV18

As aluminium prices on the London Metals Exchange (LME) surpassed $2,850 per tonne on Friday, October 24, stocks of the metal, including Hindalco Ltd., Nalco Ltd., and Vedanta Ltd., increased by more than 3%.

Globally, the metal’s prices have been rising as a result of constrained supply and demand dynamics.

The investment by a Blackstone affiliate in private sector lender Federal Bank is the most recent of more than $7 billion in agreements that have been made in the Indian banking sector this year.

Read All About It 

Madhavi Arora, Emkay Global Financial Services

Mixed Trends Were Seen Across Sectors, With Auto Being The Biggest Beneficiary

Fashion Retail Segment Has Done Very Well

Abhishek Upadhyay, ICICI Securities Primary Dealership

Not Changing Growth Numbers For Now, Though There Is Certainly An Upward Bias

BC Bhartia, President, CAIT

Tarun Pathak, Counterpoint

The shares of Bharat Dynamics surged by over 1.5% after winning a major contract.

Moshe Katri, Wedbush Securities

Growth Has Been Impacted By Several Factors Like Generative AI, Lack Of Funding For Discretionary Work & More

Expect Growth To Be Impacted In The Near Term For IT Companies

Infosys Mgmt Is Doing Exactly What It Is Supposed To Do, While Also Managing Growth Effectively

Positive On Infosys From Here Onwards

The shares of SCI rose on Friday, continuing the positive trend, hitting close to 10% this week alone.

While the shares of Ceat tyre are trading with cuts of under a percent, the company shares have gained over 13% in this week.

Midwest lists at ₹1,165 Vs issue price of ₹1,065/sh

According to the National Payments Corporation of India (NPCI), since its launch on October 4, 2025, more than ₹3 lakh crore worth of checks have been completed via the recently implemented Continuous Clearing procedure under the Cheque Truncation System (CTS).

The shares of Hindalco are on the rise among the other metal stocks.

L&T wins orders in the range of ₹2,500-5,000 cr for Minerals & Metals Business from Hindalco & Tata steel.

Gautam Shah, Founder, Goldilocks Global Research On CNBC-TV18

The shares of HUL fell after the FMCG giant announced its results on Thursday.

Mitessh Thakkar, Bonanza Portfolio

Buy IEX with a stop loss of ₹140 and a target of ₹152

Buy Bandhan Bank with a stop loss of ₹168 and a target of ₹180

Sell BPCL with a stop loss of ₹337.5 and a target of ₹318

Sell CG Power with a stop loss of ₹745 and a target of ₹710

Shrikant Chouhan, EVP at Kotak Securities

Buy Vedanta with a stop loss of ₹470 and a target of ₹500 and ₹520

Buy Cummins with a stop loss of ₹4,000 and a target of ₹4,200 and ₹4,400

The shares of Colgate declined after the company announced its results on Thursday.

Federal Bank Ltd., a private sector lender with headquarters in Kerala, has given Asia II Topco XIII, a division of private equity company Blackstone, special treatment in issuing convertible warrants.

The issuance of 27.29 crore warrants, each with the right to subscribe for one fully paid-up equity share of the bank at a price of ₹227 per share—nearly the same price at which the stock closed on Thursday—has been approved by the Federal Bank.

Markets open on a cautious note

Federal Bank Board Approves Issuance Of Warrants To Blackstone

To Issue Warrants Worth ₹6,196 Cr To Blackstone At ₹227/Sh

Blackstone Will Get Right To Nominate 1 Non-exec Dir Once It Holds 5% Stake

Jyoti Gupta, Nirmal Bang Securities On CNBC-TV18:

Rupee opens at 87.79/$ vs Thursday’s close of 87.84/$

Before the company’s board meeting on Friday, October 24, to discuss a proposal for a stock split and bonus issue of shares, attention will be focused on Bharat Rasayan Ltd. shares.

In addition to the planned corporate actions, the chemical manufacturing company is also expected to release its September quarter results on the same day.

Here’s a list of stocks in focus going into trade today

Here’s how the global market cues are placed this morning

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