Market Morning Notes For 22nd October 2024
After a 300-point drop in the opening hour of trade, Nifty consolidated for the rest of trading day in its first trading session of this week. Overall, the index broadly remained in the range between 24750 – 25030 and either side was not broken on a closing basis. Markets remain indecisive at the current levels. The ongoing results season will dictate the stock specific trend in the markets.Result Today – Amber Enterprises, Bajaj Finance, Persistent, SRF, ZomatoNifty 50 Chart Stocks to watchPositive Read throughUltratech – Target double-digit volume growth for FY25 vs 7-8 pct industry growth estimates.Bajaj Housing Fin – NII grew 13 pct YoY & NIM back above 4 pct.Ola Electric – 99 pct of 10,644 complaints received from CCPA, are resolved.Eicher Motors – Royal Enfield starts operations in Bangladesh, opens showroom in Dhaka.Epack Durable – Partners Hisense India to manufacture air conditioners & home appliances in India.Epigral – QIP for up to Rs. 4 bn opened, indicative price at 1.4 pct discount to cmp.City Union Bank – NII up 8 pct & NIM increased 13 bps YoY.Route Mobile – Sales up 0.9 pct QoQ & up 9.7 pct YoY, optimistic about Q3 growth.Max Fin – Company to consider fund raising on October, 24.Cyient DLM – Q2 results in-line, EBITDA rose 34 pct, margin above 8 pct.Alembic Pharma – Receives final approval from US FDA for generic version of Diltiazem Hydrochloride.Mas Financial – Signs Co-lending Partnership with UCO Bank for MSME.Negative Read through360 One Wealth – Transaction and brokerage income fell 15 pct QoQ.Union Bank – Advances slipped 1.7 pct QoQ, slippages rose sharply QoQ.Nelco – Profit tumbled 28 pct, margin slipped 600 bps YoY.JSFB – Posted profit at Rs 967 mn, fell0 21.3 pct YoY, GNPA at 2.97 pct vs 2.62 pct QoQ.Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
