Pankaj Pandey, Head of Research, emphasizes selective stock recommendations due to high anxiety levels in the market. He forecasts growth for Newgen Software and positive performance for Narayana Hrudayalaya. Pandey comments on the fluctuating market mood influenced by events like elections and advises cautious optimism as investors navigate the economic landscape.
Israel shared a photo of ex-Hamas chief Ismail Haniyeh kissing Yahya Sinwar after Sinwar's death. Sinwar was killed during a military operation in Gaza. He was a key figure in the deadly October 7, 2023, attack on Israel. Israeli Prime Minister Benjamin Netanyahu called Sinwar's death a significant milestone in diminishing Hamas's influence.
A North Korean cyber criminal was hired as a remote IT worker and hacked the company that employed him. He downloaded sensitive data and later sent ransom emails demanding money to prevent publication of the information. The incident underlines growing risks from North Korean infiltrators using falsified data to gain employment in Western companies.
Havells India shares drop 3.5% after reporting a 7.5% YoY PAT increase to Rs 267.77 crore for Q2 FY24. QoQ PAT declined 34.3% and revenue fell nearly 22%. Analysts retain 'Hold' ratings; Jefferies and Investec cut target prices, while Goldman Sachs raises its target based on anticipated earnings growth.
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer preferences.The sector continues to expand, driven by rising demand, increasing financial literacy, and regulatory efforts to boost product awareness.The firm believes that large private insurers are well-positioned to capture this growth.The brokerage firm initiated buy rating on HDFC Life Insurance, ICICI Prudential, SBI Life Insurance, and a hold rating on LIC of India, and Max Financial Services.
Polycab Share Price: Polycab India's shares fell nearly 7% despite a 3.5% YoY net profit increase, driven by strong revenue growth but rising expenses. Analysts remain positive, with 'Buy' ratings from Motilal Oswal and Nuvama.
Nestle India's shares fell 2.2% after reporting a Q2 net profit of Rs 899 crore, slightly down year-on-year. Brokerages gave mixed reviews, with target prices ranging from Rs 2,350 to Rs 2,870.
In September, mutual funds made significant adjustments to their portfolios by adding and reducing holdings in several small-cap stocks. Notable acquisitions included Max Estates, Route Mobile, and Medi Assist Health, while key reductions were seen in Nazara Technologies and Va Tech Wabag. Here is a list of smallcap stocks that mutual funds bought and sold in September, according to a report by Nuvama Institutional Equities:
Zee Entertainment Enterprises (ZEEL) is set to announce its Q2FY25 earnings, with expected revenue at Rs 2,059 crore, marking a 16% YoY decline. Core net profit is anticipated at Rs 153 crore, an 18% increase YoY. EBITDA is projected to decline by 21% YoY to Rs 264 crore.
