Hyundai Motor India's shares fell 5% post-IPO debut, opening at Rs 1,934 against the IPO price of Rs 1,960. Despite initial performance, strong fundamentals and strategic focus support long-term potential.

Shares of Sona BLW Precision Forgings rose nearly 3% following the inauguration of its new driveline plant in Manesar, Haryana. This development aims to meet growing demand and boost production capacity. The company reported a 26.7% YoY net profit increase in Q1 FY25, with revenues rising 21.8%.

The company is a precision metal component manufacturer offering a diversified suite of precision engineering products which are high-quality engineered parts across end-user industries and geographies.

Nifty bulls face challenges as Q2 results lead to downgrades in earnings estimates and target price cuts. Consumer sectors, including auto, show weak performance due to sluggish demand and rising competition. High input costs affect margins in sectors like FMCG and cement. Banks perform relatively well, but market valuations remain elevated, posing risks.

As Diwali approaches, Prabhudas Lilladher (PL Capital) has recommended 11 stocks that show strong potential based on technical analysis. The list includes ABB India, Tata Motors, KPIT Technologies, BEL, BHEL, and NTPC, with target prices indicating up to 57% upside potential. Here's a look at the top picks:

City Union Bank shares surged 12.5% after reporting Q2 PAT growth of 1.6% and NII up 8.2%. Analysts have mixed ratings, with target prices ranging from Rs 165 to Rs 195.

Mazagon Dock Share Price: Shares of Mazagon Dock Shipbuilders fell by 5.3% ahead of a board meeting to discuss Q2 results, an interim dividend, and a potential stock split. The company has a dividend yield of 0.59% and has seen significant share price growth over the past year.

The stock shows signs of bottoming out on the weekly charts with a breakout from a downward-sloping channel. Experts recommend short-term traders buy, targeting Rs 5,870 over 4-6 months. The stock surged 109% from Rs 2,158 on April 18, 2024, to Rs 4,526 on October 18, 2024.

Bajaj Housing Finance's net profit for Q2 FY25 rose by 21% to Rs 546 crore, with revenue from operations up by 26% to Rs 2,410 crore. Assets under management grew by 26%, while loan losses and provisions declined significantly. However, return on average equity decreased to 13%.

Shares of Ola Electric Mobility surged 4.45% after it announced the resolution of 99.1% of over 10,000 complaints received from the CCPA. Despite recent declines, the company emphatically addressed criticisms concerning service delays, delivery issues, and misleading advertisements just before the regulatory deadline.

Nomura and Macquarie have given Hyundai Motor India favorable reviews with buy ratings, noting growth potential in the Indian car market. Meanwhile, Jefferies holds on Oberoi Realty, citing strong sales and project openings, and Bernstein retains a market-perform rating on Ultratech Cement due to supply concerns and high valuations.

Sensex and Nifty50 opened higher, driven by ICICI Bank, Infosys, and Reliance Industries, despite weak global cues.

The Indian market is set to trade higher on Tuesday due to positive global indicators. Key levels for Nifty are identified between 24500 to 25300. Experts recommend buying Dr Reddy’s Laboratories, National Aluminum Company, SBI, Maruti Suzuki, and HDFC Life, while suggesting selling Coal India, REC Ltd, and Siemens.

This move aligns with RVNL's global expansion strategy, following the creation of subsidiaries in Dubai in June 2024 and Uzbekistan in August 2024.

Hyundai Motor India will debut on the stock market today. Global brokerage firms Nomura and Macquarie have given positive ratings. Nomura targets a price of Rs 2,472, predicting a 26% increase. Macquarie sets a target of Rs 2,235, expecting a 14% rise. Hyundai’s style, technology, and new models are key growth drivers.

Nomura and Macquarie have given Hyundai Motor India favorable reviews with buy ratings, noting growth potential in the Indian car market. Meanwhile, Jefferies holds on Oberoi Realty, citing strong sales and project openings, and Bernstein retains a market-perform rating on Ultratech Cement due to supply concerns and high valuations.

Grovy India has set October 22 as the record date for a 3:1 bonus share issuance, offering three bonus shares for every existing share. The company, known for residential and commercial property development, has seen its shares surge significantly, gaining over 227% in the last year.

The SME IPO of OBSC Perfection will open for subscription on Tuesday and will close on October 24. The company aims to raise ₹66 crore through this offering and plans to list its shares on the NSE SME platform.

Ola Electric Mobility shares are expected to attract attention on Tuesday after the company announced it has resolved approximately 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).

Union Bank of India reported a 34% increase in net profit for Q2 2024, reaching Rs 4,720 crore, with total income rising to Rs 32,036 crore. Interest income grew to Rs 26,708 crore, though net interest income fell slightly. The bank improved asset quality, reducing gross NPAs to 4.36%. Total business increased by 9.37%, reaching Rs 21,70,779 crore.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of three stocks that witnessed a 5-year swing high at the close on October 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

On October 21, three stocks from the Nifty200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below.

Bajaj Housing Finance's net profit for Q2 FY25 rose by 21% to Rs 546 crore, with revenue from operations up by 26% to Rs 2,410 crore. Assets under management grew by 26%, while loan losses and provisions declined significantly. However, return on average equity decreased to 13%.

Shares of Bajaj Finance are expected to gain attention as the company reveals its Q2FY25 earnings, with net interest income projected between Rs 8,810 crore and Rs 9,187 crore, reflecting a 22-28% YoY hike. Analysts predict healthy growth in PAT, NIMs, and robust customer additions.

In the NSE large cap pack, four stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on October 21, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:

In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of three stocks that witnessed a 5-year swing high at the close on October 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

One97 Communications is set to announce its Q2 results today, with analysts forecasting higher revenue growth but wider year-on-year losses, potentially up to Rs 660 crore. Sequentially, losses are expected to shrink, driven mainly by growth in payment and financial services. Revenue is also expected to grow up to 8% quarter-on-quarter.

Adani Energy Solutions will announce its Q2 FY25 results today, with key updates including a system availability of 99.7% for its transmission business, three new project wins, and an increase in e-payments. The company raised Rs 8,373 crore via qualified institutional placement.

Adani Green's Q2 results are in focus with notable YoY operational capacity growth of 34% to 11,184 MW. Energy sale increased 20% YoY to 14,128 mn units supported by capacity additions. Significant agreements include a 5 GW solar supply to MSEDCL and a 61 MW agreement with Google.

Zomato shares are set to gain attention as the company announces its Q2FY25 earnings today. Expected net profit could jump between 585% and 662% YoY, with revenue growth between 61% and 80%. While Nuvama and ICICI Securities have varying projections, both predict significant revenue boosts driven by strong volume growth in food delivery and associated businesses.

“The IT pack and related counters have been showing noticeable resilience and Firstsource Solutions (FSL) is trading in sync with the move. Traders can buy for a target of Rs 385 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Benchmark indices Sensex and Nifty closed lower on Monday due to a sharp decline in Kotak Mahindra Bank and continuous foreign fund outflows. Manappuram Finance fell significantly after RBI restrictions on NBFCs. Raymond Lifestyles and 360 One Wam showed varied performance, with technical indicators showing possible recoveries under certain conditions.

San Francisco Fed President Mary Daly affirmed that the U.S. central bank is expected to persist in cutting interest rates, currently at 4.75%-5%, aiming for a 'soft landing' with 2% inflation and a healthy labor market. She emphasized the importance of easing the policy rate to avoid excessive tightness that could harm employment.

The Dow Jones and S&P 500 closed lower on Monday following record highs, attributed to rising Treasury yields and investor caution over high valuations. Major companies like Tesla and Coca-Cola are set to report earnings. The technology sector saw gains, while rates-sensitive sectors declined.

Four Federal Reserve policymakers express support for interest-rate cuts but differ on speed and extent. Three prefer gradual reductions, citing economic strength and uncertainty, while San Francisco Fed President Mary Daly favors continued cuts given falling inflation. The Fed's decision is expected at the November policy meeting.

The underlying trend of Nifty remains weak amidst range movement. Having failed to sustain the recent upside bounce, the market could revisit the lower range of 24,600-24,500 levels in the near term. Immediate resistance is at 25,000 levels, said Nagaraj Shetti of HDFC Securities.

The underlying trend of Nifty remains weak amidst range movement. Having failed to sustain the recent upside bounce, the market could revisit the lower range of 24,600-24,500 levels in the near term. Immediate resistance is at 25,000 levels, said Nagaraj Shetti of HDFC Securities.

Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. That’s after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs.

Shares of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life will be in focus ahead of the second quarter results today.

The selloff in October is in contrast to their activity in the rest of 2024. So far this month, foreigners have sold stocks worth ₹6,100 crore daily on average. They were buyers to the tune of ₹500 crore daily on average between January and September.

"Rural demand is expected to get a boost from the improved agricultural outlook. Private investment should pick up steam in response to signs of pick-up in consumption demand and rising business optimism," the central bank said in its state of the economy article.

Partha Pratim Sengupta is set to take over as MD and CEO of Bandhan Bank on November 1, filling a four-month leadership gap. His immediate challenges will include addressing asset quality stress and containing operational expenses. Analysts expect strategic realignment under his leadership, focusing on strengthening the bank’s liability franchise and reducing microfinance loan share.

In May this year, Sebi passed an interim order that barred Varanium Cloud and its Managing Director (MD) Harshawardhan Hanmant Sabale from the securities market.

Kotak Mahindra Bank dived 4.7% and RBL Bank plunged 13.8%. HDFC Bank shares advanced 2.6%, emerging as sole gainer in Bank Nifty index, which shed 0.3%. Benchmark Nifty ended 0.3% lower at 24,781 in choppy trades.

Firstsource Solutions Ltd (FSL) has doubled investors' wealth in a year and is now showing signs of breaking out of a consolidation phase. Experts predict that a sustained close above the Rs 343-346 mark could lead the stock to new highs. Investors are advised to accumulate and target Rs 385 within the next 2-4 months.

Select stocks gain momentum even in volatile markets.

Boeing shares rose by 3% as a new labor contract proposal raised hopes of ending a month-long strike affecting 737 MAX production. The contract includes a 35% pay hike over four years and bonuses but may still face resistance from workers. Analysts predict increased costs for Boeing, and production delays continue.

Global investment firm CD&R announces an open offer to acquire a 26% stake in Sanofi Consumer Healthcare India for up to Rs 2,983 crore. This follows exclusive negotiations to acquire a controlling stake in Opella. The offer price is Rs 4,982.05 per share, aiming to secure 60.4% voting rights after the deal completion.

Wall Street's main indexes edged lower on Monday, pausing after gains in the previous week ahead of major earnings reports that could influence whether indexes retreat from record highs or sustain the momentum.

Wall Street's main indexes edged lower on Monday, pausing after gains in the previous week ahead of major earnings reports that could influence whether indexes retreat from record highs or sustain the momentum.