PAINT STOCKS
Sensex drops 600 pts, Nifty below 23,400 as slow earnings and FPI outflows weigh on investor mood
Stock Market Today: Indian benchmark equity indices traded lower on Monday, weighed down by concerns over slowing earnings growth and foreign outflows. Additionally, comments from the Federal Reserve Chair signaling a slower pace of interest rate cuts further dampened market sentiment.
Cochin Shipyard, MRF among 43 stocks with record dates for dividend, split next week. Do you own any?
MRF, Cochin Shipyard, ONGC and Ashok Leyland are in focus due to upcoming record dates for dividends and stock splits. Shareholders need to hold shares on the record date to be eligible. Buying the stock one day before the ex-date ensures eligibility for dividends while buying on the ex-date excludes such benefits.
HDFC Bank, RIL lift Sensex over 100 points higher, Nifty above 24,550
Sensex and Nifty open higher, supported by HDFC Bank, RIL, and IT stocks, amid positive US inflation data.
Investors lose Rs 5.76 lakh crore as Sensex sinks over 800 pts. 5 key factors behind selloff
Stock Market Crash: Indian stock markets closed lower on Tuesday. The Sensex fell 821 points and the Nifty dropped 258 points. Banking, financial, and auto stocks led the decline. Foreign investors continued to sell Indian shares. The Indian rupee hit a new low against the US dollar. Investors are waiting for inflation data to be released.
Jubilant FoodWorks outpacing QSR sector as market share gains driving stock surge: Abneesh Roy
Also, the marriage season is going to be better and that will help a lot of the discretionary demand in terms of gifting, in terms of paints, etc. So, we do see that volume growth for most companies in H2 should be better, plus pricing growth of 2% to 3% will gradually come back
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Big movers on D-Street: What should investors do with Hindalco, ONGC and Asian Paints?
Indian benchmark indices closed relatively flat on Monday, impacted by several factors including persistent selling by foreign institutional investors (FII), underwhelming quarterly earnings reports, and weak performance in Asian markets. Analysts suggest investors avoid buying Hindalco, ONGC, and Asian Paints at current prices due to various technical indicators and market trends.
Asian Paints loses lustre for investors, too
Asian Paints shares closed at ₹2,542.65 - the lowest closing since April 30, 2021, with concerns over profitability amid rising competition in the sector causing investors to make a dash for the exit door.
Sensex, Nifty end choppy trade on flat notes weighed by weak earnings and foreign outflows
Indian benchmark indices ended relatively flat on Monday, as weak earnings reports and persistent foreign fund outflows weighed on investor sentiment. While IT stocks saw gains, sectors like auto, FMCG, and pharma closed in negative territory. The Indian rupee also hit a new all-time low against the US dollar.
Asian Paints shares nosedive 9% after Q2 PAT slips 42% YoY
Asian Paints Share Price: Shares of Asian Paints fell 9% to Rs 2,511.65 on Monday, following the company's announcement of a 42.5% year-on-year decline in its consolidated net profit for Q2 FY2024. The company's profit after tax (PAT) dropped to Rs 694.6 crore, compared to Rs 1,205.4 crore in the same quarter of the previous year, reflecting weak consumer sentiment.
Stocks in news: Hyundai, Nykaa, Ola Electric, Asian Paints, Tata Motors
Shares of Hyundai, Nykaa, General Insurance, Zydus, BSE will be in focus as the companies will announce their second quarter results today.
Asian Paints Q2 Net falls 42% on subdued demand
Asian Paints Q2 net profit fell 42.4% YoY to ₹694.6 crore, citing subdued demand, extended rains, and floods.
Asian Paints Q2 Results: Cons PAT slips 42% YoY to Rs 695 crore amid subdued demand
Asian Paints Q2 Results: Asian Paints reported a profit below the ET Now poll estimate of Rs 1,079 crore. In Q2, the company saw a 5.3% decline in consolidated net sales, down to Rs 8,003 crore from Rs 8,451.9 crore in the same quarter of FY24. An interim dividend of Rs 4.25 for FY25 was also announced, with the record date set for November 19 and payment to shareholders scheduled on or after November 28, 2024.
Sensex sheds 55 points, Nifty dips below 24,150 as realty, PSU, and oil & gas stocks weigh
Among Sensex stocks, ICICI Bank, NTPC, RIL, Tata Motors, SBI, Tata Steel and Asian Paints were the top losers, tumbling 1.5-2.7%. Meanwhile, M&M, Titan, Tech Mahindra, Infosys and Nestle India closed in green. As the markets were trying to digest the impact of a Trump presidency from next year, the US Federal Reserve went ahead with a 25 basis point rate cut as expected.
Fry-day! RIL, bank stock drags Sensex, Nifty lower for 2nd consecutive session
Indian markets opened lower despite positive global cues, with declines led by Reliance Industries and banking stocks.
Stocks to buy or sell today: Asian Paints, UPL among top 6 trading ideas for 4 November 2024
The Indian market is anticipated to open lower on Monday, influenced by subdued global cues. After beginning Samvat 2081 positively during the Diwali mahurat trading session on Friday, market sentiment appears to be shifting.
66,92,535% jump! If trees don't grow to the sky then how did Elcid shares defy gravity
Elcid Investments, a small-cap stock, experienced an unprecedented 66,92,535% surge in a single trading day, making it India's most highly priced stock. This surge followed a SEBI-directed special price discovery session aimed at fair value assessment, leading to significant price corrections and highlighting Elcid's understated book value.
US election, Q2 earnings, Fed meet and 5 more factors to likely impact stock markets this week
"The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices," said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations.
Elcid Investments shares hit 5% upper circuit, continues record-breaking surge
On Wednesday, Elcid surged by an unprecedented 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250 after a special call auction on October 29 aimed at discovering the fair value of undervalued holding firms. The stock rose further on Thursday, reaching Rs 2,48,062.5 — a staggering 70,27,166% increase from Rs 3.53.
Want to buy India's highest-priced stock Elcid? Entry restricted in 328-member club
Shares of Elcid Investments soared by an extraordinary 6.7 million percent in one trading session, reaching Rs 2.36 lakh per share. This dramatic rise has made it India's most highly-priced stock. Entry into Elcid’s shareholder club is limited with only 328 shareholders, and the sharp increase is due to a special call auction for price discovery.
Rs 10,000 turns into Rs 67 crore! How Elcid made investors millionaires overnight
On October 29, Elcid's share price skyrocketed 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250. This impressive surge has made Elcid India's most expensive stock, surpassing MRF, which closed at Rs 1,22,576 per share on Tuesday.
At Rs 2.36 lakh, 1 Elcid share is worth more than Nvidia and FANG stocks put together
On Tuesday, Elcid's share price surged from Rs 3.53 to an astounding Rs 2,36,250, setting a record on D-Street and making it India's most expensive stock, surpassing MRF's Rs 1.2 lakh. The BSE-listed smallcap now has a market cap of Rs 4,725 crore ($508.40 million), dwarfed by global giants like Nvidia ($3.5 trillion), Meta ($1.5 trillion), Amazon ($2 trillion), Netflix ($324.63 billion), and Google ($2.1 trillion).
Elcid Investments: The microcap stock which paid dividend 7 times its share price
In FY24, the company gave a dividend of Rs 25 in FY24, which translates into an industry best dividend yield of over 708%. Dividend yield is calculated by dividing annual dividend per share with the share price.
66,92,534% gain in a trading day? Yes, that's Elcid
So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday's trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.
66,92,535% return possible in 1 day? Smallcap stock Elcid just did that and even broke MRF record
Elcid Investments' stock price surged from Rs 3.53 to Rs 236,250 in a single day during a special call auction for price discovery. This monumental rise, driven by the company's high book value, has made Elcid India's most expensive stock, surpassing MRF’s share price.
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