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L&T Heavy Engineering Bags Orders In The Range Of ₹1,000-₹2,500 Cr

L&T Heavy Engineering Bags Orders In The Range Of ₹1,000-₹2,500 Cr

Zaggle Prepaid | Signs Agmt With Birlasoft For Employee Expense Mgmt & Benefits Solns

Somil Mehta, Head of Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan

HAL & UAC Sign MoU In Moscow For Production Of SJ-100

Parag Thakkar, Senior Fund Manager at Fort Capital

LG Electronics: “We own LG Electronics and we continue to like the stock. Even Vijay Sales said that an upgrade to LED TV has been a big theme of the GST cut, at least for consumer durable segment, and LG is a fantastic play on LED TV, they have a significant market share over, it’s a company with above 60% return on invested capital (ROIC) and leadership in all the under penetrated categories. So, I would like to believe that LG offers a fantastic opportunity to play consumer durable and under penetration of that particular category in a very high return on capital employed (ROCE) way.”

Cartrade Tech Q2                          

SpiceJet

KPIT Tech | To Take a Loan of Euro 20 m From SMBC To Fund Recent Acquisitions

These are the stocks trading with higher-than-usual volumes among the Nifty 500 stocks, as per the 10-day average.

Reliance Industries: “Anybody can expect Rs 1,700 or so if the traction continues on retail side, at least, which is more sustainable. Refining is of course very volatile and cyclical. But I would say that if refining and retail continues to fire, I don’t see any negative for Reliance. And I would say another 15% move looks very likely in Reliance. If refining and retail continues its momentum.”

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Parag Thakkar, Senior Fund Manager at Fort Capital

Federal Bank: “It is headed for 1.4% return on investment (ROI) in FY28 and that is why I feel that the stock should go to Rs 300-320 in next one year. And for the first time, a stock which I am adding at 52-week highs.”

SPARC

RateGain Expands Partnership With Royal Orchid Hotels To Redefine Guest Experience

The lender’s net profit for the second quarter was ₹318 crore, up 4.7% year over year from ₹303 crore during the same period previous year.

In the second quarter, net interest income (NII) increased by 0.2% to ₹597.1 crore from ₹596 crore in the same period last year.

On Tuesday, October 28, shares of Supreme Industries Ltd. were down more than 4% after the company’s September quarter earnings below forecasts, which caused brokerages to cut price targets and become worried about margins.

Sources Say | US Sanctions On Russian Oil

Nov 21 Is A Hard Deadline, Any Supply From Sanctioned Entities Will Be Turned Away By Indian Refiners

The Nifty 50 index has fallen below the 25,900 mark, declining after making major gains earlier in the day.

On Tuesday, October 28, following the release of the state-run refiner’s September quarter earnings, shares of Indian Oil Corporation Ltd. began the day higher but quickly reversed their early gains and were trading lower.

Indian Oil’s sales of ₹1.79 lakh crore was marginally higher than the street’s estimate of ₹1.77 lakh crore, while its net profit of ₹7,610 crore exceeded the ₹6,353 crore projection.

After market hours on Monday, Canara Robeco Asset Management Company Ltd. released its quarterly results, which caused shares to drop as much as 11% on Tuesday, October 28.

Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) plunged 17% from June to ₹17%, while revenue decreased 11% sequentially to ₹107.7 crore.

Among recent financial sector deals, Parag Thakkar, Senior Fund Manager at Fort Capital, has stated a highly optimistic perspective on shares of private sector lender Federal Bank, making it his top choice. He predicts that a strategic shift under the bank’s new leadership and strong performance indicators might propel the stock to a price target of ₹300 to ₹320 within the next year.

On Tuesday, October 28, Megasoft Ltd. shares are stuck in a 5% upward circuit for the fifth consecutive session. A 100% stake in Nasmyth Group Ltd., UK, has been acquired through a share purchase agreement executed by Sigma Advanced Systems UK Ltd, the company’s fully owned subsidiary; the exchanges were notified.

Stated contamination of Crude Oil by HPCL is being examined by the company, no loss or damage or claim is attributable to the company in terms of the agreement with HPCL,’ HOEC clarifies to HPCL’s statement on crude oil sourcing

Market off opening lows, Nifty back above 26,000

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