Market Morning Notes For 14th October 2024
Markets for the week ended with modest losses with Nifty ending below the psychological mark of 25,000 amidst Israel-Iran tensions. From a technical perspective, the signs of reversal are already witnessed in Nifty, but a larger impact is likely to be felt on Nifty breaching 24,700 as heavy stop losses are built around there for risk management perspectives. Below 24700 in Nifty, the markets have potential to correct towards 22,500.Result Today – HCL TechNifty 50 ChartStocks to watchPositive Read throughHAL – Finance Minister approves upgradation of company to 14th Maharatna CPSE.GSFC – Commissions manufacturing plant at Vadodara for production of hydroxylamine sulphate crystal.Sudarshan Chem – Board to consider fundraise via QIP on October 16.Indo Count – Acquires modern home textiles for USD 11.7 mn, including inventory.Ashoka Buildcon – Gets LoA for projects worth Rs. 39.83 bn from CIDCO & MSRDC.Wipro – To consider bonus issue on October 17.Hathway Cable – EBITDA grew 4.4 pct, net profit rose 28.4 pct YoY.JSW Energy – Arm signs two energy storage facility agreement with MSEDCL.PNC Infra – Bags project worth Rs. 20.40 bn from CIDCO.Britannia – Company plans to hike prices by 7-8 pct, As per reports.PNG Jewelers – Opened a new store at Ambegaon Budruk, Pune.Epack Durable – Expects upward revision in its revenue guidance for the FY25.Realty Stocks – Residential sales in the 9MCY2024 reached a record high with 229,908 units sold.Negative Read throughDmart – Margin at 7.6 pct vs 8 pct YoY, like for like sales growth at 5.5 pct vs 9.1 pct QoQ.LT Foods – Devaaya premium rice found to be sub-standard (chalky kernels) by FSA.Sula Vineyards – Net sales fell 1.3 pct, wine tourism business grew 1.3 pct YoY.HMA Agro – Temporarily stops production at one of company’s unit located at Aligarh, UP.Indoco Remedies – US FDA classifies Goa facility as official action indicated.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.
