PVR Inox reported a Q2 net loss of ₹12 crore, down from ₹166 crore profit last year. Revenue declined 19%, but expenses reduced 7%, prompting Bank of America to maintain a 'Buy' rating.

The government is set to sell up to 5% stake in Cochin Shipyard through an offer for sale. The floor price for the shares is Rs 1,540 each, representing an 8% discount from the previous closing price. The sale opens today for non-retail investors and on Thursday for retail investors.

Jefferies has maintained its 'Buy' rating on the stock, raising the target price to Rs 850 from Rs 750. Premium growth was strong, driven by ULIPs and a rebound in non-par products. In Q2, margins were impacted by 100 bps due to a timing gap.

Shares of PNC Infratech are expected to attract attention on Wednesday after the company announced it received two letters of acceptance (LoAs) from the Maharashtra State Road Development Corporation (MSRDC).

HDFC AMC shares gain focus after reporting a 32% YoY increase in Q2 PAT, reaching Rs 576.61 crore. Revenue climbed 38% to Rs 887.2 crore, with total income of Rs 1,058.19 crore. Analysts Jefferies and CLSA express positive sentiments, raising target prices and upgrading ratings.

In September 2024, mutual funds deployed Rs 18,200 crore, and alongside FIIs, bought Rs 45,100 crore in the Indian secondary market. Key additions by mutual funds in mid-cap stocks included KPR Mill, Brigade Enterprises, PTC Industries, and Metro Brands. Here is a list of stocks that mutual funds bought and sold in September, according to a report by Nuvama Institutional Equities:

On the options front, the maximum Call OI is placed at 25,200 and then towards 25,100 strikes, while the maximum Put OI is at 25,000 and then towards 24,500 strikes. Call writing is seen at 25,200 and then towards 25,100 strikes, while Put writing is seen at 24,500 and then towards 25,050 strikes.

According to one of the bankers, the initial guidance set out to offer a yield of 7% for the 20-year maturity, Reuters reported. The bond proceeds were intended to release funds from an existing $3.4 billion revolving credit facility with banks, which could then be used to finance new projects, according to sources familiar with the matter.

BEML has secured a Rs 866.87 crore contract from the Integral Coach Factory to develop India’s first high-speed train. The project includes designing, manufacturing, and commissioning two trainsets. They will be built in Bengaluru and are expected to be delivered by the end of 2026. BEML shares have shown significant gains over the past year.

China's central bank, the People's Bank of China, injected 642.4 billion yuan ($90.23 billion) through seven-day reverse repos to offset the maturing of 789 billion yuan in MLF loans and 61 billion yuan in reverse repo loans, maintaining ample banking system liquidity despite a net cash withdrawal of 207.6 billion yuan.

The government is set to sell up to 5% stake in Cochin Shipyard through an offer for sale. The floor price for the shares is Rs 1,540 each, representing an 8% discount from the previous closing price. The sale opens today for non-retail investors and on Thursday for retail investors.

India's stock market faces a potential slowdown as companies in the NSE Nifty 50 Index are forecast to report flat or low profit growth for the quarter ended September. Factors include weakening consumer spending, rising commodity prices, and disappointing earnings from major players like Reliance Industries and Tata Consultancy Services. Global funds are increasingly diverting investments to China.

Maharashtra state government-owned MAHAGENCO and public sector NTPC have also submitted a joint bid for the plant, which is based near Nashik, two people familiar with the process said.

The firm's upcoming Fund V is expected to target fundraising, with investments focused predominantly in India, alongside opportunities in Southeast Asia. Ascertis will raise capital from both international and domestic investors. It will deliver returns in the mid-teens from the fund.

ABSL AMC has committed 10% of sponsor capital to its recently launched ₹2,500 crore performing credit fund, with plans to announce a first closure by early 2024.

Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong. S&P 500 futures were little changed after the benchmark slid 0.8% on Tuesday. Treasuries were steady while oil clawed back some gains in early trading after plunging Tuesday.

The government will sell up to 5% stake sale in the company via an offer for sale (OFS). The OFS will opened on Tuesday and the floor price is fixed at Rs 1,673.

The short-term trend of Nifty continues to be choppy and the market is now placed within a broader range of 25,200-24,900 levels. A decisive move above 25,200 levels could open the next upside of around 25,500-25,600 levels in the near term. Immediate support is placed at 24,900 levels, said Nagaraj Shetti of HDFC Securities.

Wall Street's stock indexes closed lower with the Nasdaq falling 1%, hit by declining chip stocks due to demand concerns and potential export caps on AI chips. Energy stocks also tumbled as oil prices fell. Despite some positive earnings, UnitedHealth shares plunged, and Citigroup reported mixed results. Defensive sectors like real estate outperformed.

Atlanta Federal Reserve President Raphael Bostic indicated projecting just one more 25 basis points interest rate cut this year, differing from the median projection of 50 basis points. Bostic emphasized adapting his forecast based on inflation and job market data while keeping his options open.

The Benchmark BSE Sensex surged by nearly 592 points; Nifty reclaimed 25,000 on Monday, bolstered by a firm global market trend. Key stocks in focus included HDFC AMC, HCL Tech, and Sterling and Wilson, with significant movements and promising technical indicators suggesting further upside potential.

“Tech Mahindra stock traded within a range in the last couple of weeks which seemed to be time wise correction within an uptrend. Traders can buy for a target of Rs 1860 in the next 3-4 weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

China's central bank, the People's Bank of China, injected 642.4 billion yuan ($90.23 billion) through seven-day reverse repos to offset the maturing of 789 billion yuan in MLF loans and 61 billion yuan in reverse repo loans, maintaining ample banking system liquidity despite a net cash withdrawal of 207.6 billion yuan.

Shares of Bajaj Auto are set to draw attention as the company is projected to announce a significant YoY revenue increase of 24%-29% for Q2FY25, driven by robust volume growth and higher ASPs. Net profit is also expected to rise by 22%-24%.

Brokerages have initiated coverage on these stocks with buy ratings and project returns of 20% to 43%, as per their analysts’ price targets.

​​According to consensus price target estimates of analysts compiled by Refinitiv, the stock could give a return of 26% over the next year. FPI holding in Heritage Foods increased from 3.32% to 8.26% while Genus Power saw their stakes rise from 2.77% to 7.36%

The retail segment was affected by a demand slack in the fashion and lifestyle (F&L) vertical and a sequential decline in total store area. The digital segment reported a sequential drop in subscriber numbers amid tariff hikes and higher average revenue per user (ARPU).

Tech Mahindra Ltd broke out of a month-long consolidation to hit a fresh high in October 2024. Experts believe the momentum will continue, with a target price of Rs 1,860 in the next 3-4 weeks. The stock recently hit a 52-week high of Rs 1,697 and is trading above key moving averages.

Banks across the board appear to have participated in the recent correction. But if one leaves aside the three top private sector banks that saw sharp cuts, a number of stocks from the banking space actually saw a phase of relative outperformance as they have been keeping their heads above water. The way price performance is panning out, there is another set of banks that probably will outperform the market in the medium term by seeing a lesser drawdown. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Select stocks gain momentum even in volatile markets.

U.S. semiconductor stocks declined following a sales forecast cut by ASML and reports of the Biden administration considering capping AI processor sales to certain countries. Major chip firms like Nvidia, AMD, and Intel saw significant drops, affecting market indices. The news raised concerns about U.S. efforts to maintain technological dominance.

India's benchmark equity indices, Sensex and Nifty50, reversed early gains to close in the red on Tuesday, dragged by heavyweights like Reliance Industries (RIL), HDFC Bank and Bajaj Finance. The market was weighed down by a higher-than-expected September inflation report, dampening hopes for a rate cut this year and further souring investor sentiment. The BSE Sensex fell 153 points, or 0.19%, to close at 81,820, while the NSE Nifty dropped 70 points, or 0.28%, to end at 25,057.Commenting on the day's action, Rupak De, analyst at LKP Securities said that Nifty has sustained above the 21 EMA on the daily timeframe despite remaining volatile throughout the day. But a fall below this level could increase weakness, with the possibility of Nifty dropping below 24,900, he warned. "If Nifty falls below 24,900, it may trigger a further correction towards 24,700. On the higher side, resistance is seen at 25,200," De said.Here are 2 stock recommendations for Wednesday:

Indian indices closed in the red on Tuesday, dragged by heavyweights like Reliance Industries, financial, and IT stocks. A higher-than-expected September inflation report dampened hopes for a rate cut, souring investor sentiment.

Capital markets regulator Sebi on Monday said it will auction 15 properties belonging to Mangalam Agro Products, Sumangal Industries and Falkon Industries India on November 19. The move is part of Sebi's efforts to recover money collected by these companies from investors in violation of norms.

On Tuesday, India’s benchmark index Sensex fell by about 153 points, closing at 81,820. Despite this decline, six stocks from the BSE 100 index hit their 52-week highs. A 52-week high represents the highest price a stock has achieved in the past year, offering important insights for traders and investors. This benchmark helps assess a stock’s current value and forecast its future potential.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a long unwinding. Here's the list:

Country's largest airline IndiGo on Tuesday said IndiGo Ventures has received approval from market regulator Sebi to launch a venture capital fund, which is expected to start investments by the end of this fiscal. IndiGo Ventures, the airline's corporate venture capital fund, has received the Alternative Investment Fund approval from Securities and Exchange Board of India (SEBI).

Construction and infrastructure company KBC Global Ltd on Tuesday said it plans to raise up to Rs 100 crore through an issue of equity shares. The board of the company will meet on October 16 (Wednesday) to consider and approve a proposal to raise up to Rs 100 crore through an issue of equity shares via permissible modes, including preferential allotment and warrants, the company said in a statement.

Wall Street's main indexes were mixed on Tuesday as investors parsed quarterly results from companies such as UnitedHealth and Bank of America.

Shares of Garuda Construction and Engineering Ltd on Tuesday jumped over 12 per cent in market debut trade against the issue price of Rs 95. The stock listed at Rs 103.20, registering a jump of 8.63 per cent from the issue price on the BSE. During the day, it surged 27.08 per cent to Rs 120.73. Shares of the firm ended at Rs 106.83, rising 12.45 per cent.

The base issue includes the sale of a 2.5% equity stake, equivalent to 65,77,020 shares, with an additional 2.5% available as a green shoe option. Cochin Shipyard shares saw a 3% jump on Tuesday, closing at Rs 1,673, which is Rs 48.60 higher than Monday's closing price. However, the floor price for an upcoming sale of shares has been set at Rs 1,539.16, an 8% discount to Tuesday's close.

Analysts attribute Garuda Construction's successful debut to a strong order book, diversified projects, and high returns on net worth. Despite a slight slowdown in FY24 due to elections, the company's financials remain strong

A reasonable negative candle was formed on the daily chart, indicating crucial resistance around 25,200 and short-term range-bound movement. The short-term trend of Nifty remains choppy, with support at 24,900 and resistance at 25,200. A decisive move above 25,200 could open the next upside of around 25,500-25,600 levels in the near term.

India's Sensex and Nifty50 indices ended in the red on Tuesday, impacted by declines in Reliance Industries, financial, and IT stocks. September's high retail inflation could delay rate cuts, further dampening market sentiment. Major laggards included Bajaj Finance, Tata Steel, and Tata Motors.

Nihar Nilekani, son of Infosys co-founder Nandan Nilekani, has acquired a 1.32% stake in PTC India during July-September 2024. PTC India is a provider of power trading solutions in India. Its segments include power and financing business.

The post-pandemic excess had made the stock market a lot younger, said Zerodha founder Nithin Kamath in a post on the social media platform X while sharing a blog-post by Zerodha which states that according to the survey by World Economic Forum, 1 in 2 Gen Z-ers started investing even before they hit adulthood.

Reliance Industries shares tumbled 2.3% after brokerages reduced target prices following weak Q2 results. Net profit declined 5% to Rs 16,563 crore, while revenue increased marginally to Rs 2.35 lakh crore.

India's Sensex and Nifty50 indices ended in the red on Tuesday, impacted by declines in Reliance Industries, financial, and IT stocks. September's high retail inflation could delay rate cuts, further dampening market sentiment. Major laggards included Bajaj Finance, Tata Steel, and Tata Motors.

Indian benchmark equity indices surrendered early gains on Tuesday, dragged by automakers and IT firms, as a hotter-than-expected September inflation print dulled bets of a domestic rate cut this year, dampening investor sentiment. Meanwhile, seven large and mid-cap stocks from the Nifty 200 index reached new 52-week highs. Here's the list:

Value Stocks research found that 16 out of 26 PSU subgroups are undervalued. Iron & Steel, Housing Finance, and PSU Banks are highlighted as undervalued sectors with attractive investment opportunities.