Page 22 - Latest Updates on Stock Market
Debt MFs face lower risk, may put up a better show in Samvat 2079
Analysts advice investors to stay away from longer-duration funds yet, or consider a staggered plan
 "Debt MFs face lower risk, may put up a better show in Samvat 2079")
Eight of top-10 firms add Rs 2 trn in market valuation; Reliance leads
Eight of the 10 most valued firms together added Rs 2,03,335.28 crore in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest gainer
 "Eight of top-10 firms add Rs 2 trn in market valuation; Reliance leads")
ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%
The company attributed the performance to strong and broad-based growth across markets and channels
 "ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%")
Bajaj Finance Q2 results: Net profit jumps 88% to Rs 2,781 crore
The company booked 6.76 million loans in Q2FY23, up 7 per cent YoY compared to 6.33 million loans booked in the year-ago period
 "Bajaj Finance Q2 results: Net profit jumps 88% to Rs 2,781 crore")
Axis Bank Q2 net profit rises 70% to Rs 5,329 crore; NII jumps 31%
Not looking to raise capital immediately for Citi deal: MD-CEO
 "Axis Bank Q2 net profit rises 70% to Rs 5,329 crore; NII jumps 31%")
Nestle India could sustain sales growth outperformance in coming quarters
Near-term margins, however, may remain under pressure
 "Nestle India could sustain sales growth outperformance in coming quarters")
Asian Paints Q2 results: Net profit rises 31% to Rs 783 cr, sales up 18.8%
The initial capacity to be set up would be 265,000 tonnes per annum. In addition, clinker grinding would be set up in India as well
 "Asian Paints Q2 results: Net profit rises 31% to Rs 783 cr, sales up 18.8%")
Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close
Domestic brokerage Motilal Oswal has set a price target of Rs 210 for the stock
 "Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close")
Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%
The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore
 "Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%")
Equity MFs favoured over debt funds despite negative stock mkt returns
The number debt scheme folios down 6% in 12 months to September 2022, equity MF folios have surged 21%; Passive schemes, which includes ETFs and index funds, have grown the fastest at 56%
 "Equity MFs favoured over debt funds despite negative stock mkt returns")
ACC logs surprise net loss of Rs 87.35 crore on high fuel, power costs
Net sales up 7%; royalty agreement with Holcim terminated on Sept 16; paid Rs 264 cr as royalty and technical fees in CY21
 "ACC logs surprise net loss of Rs 87.35 crore on high fuel, power costs")
Electronics Mart soars 42% at close on debut after strong response to IPO
Shares worth Rs 766 crore changed hands on NSE; offering had garnered more than 72x subscription
 "Electronics Mart soars 42% at close on debut after strong response to IPO")
Sensex up 491 pts, Nifty closes above 17,300 as banking shares advance
The 30-share BSE Sensex jumped 491.01 points or 0.85 per cent to settle at 58,410.98 as 24 of its components advanced
 "Sensex up 491 pts, Nifty closes above 17,300 as banking shares advance")
Activist investors: Pushing for change, quietly
From active selection and passive ownership to passive selection and active ownership, activist investors adopt a different tone in India
Maximise gain from market fall with value-averaging plan: Experts
The plain-vanilla SIP, however, is simple and doesn't require a lump sum
 "Maximise gain from market fall with value-averaging plan: Experts")
Flexicap, multicap schemes maintain large-cap skew amid global uncertainty
Large-cap companies are known to weather the market storm better, while smaller stocks tend to fall more during volatile market conditions
 "Flexicap, multicap schemes maintain large-cap skew amid global uncertainty")
Samvat 2079: What is Muhurat trading? Check date, stock market timing
The Muhurat trading session on October 24, 2022, will mark the beginning of Samvat 2079
One year of Nifty's lifetime high: Domestic equities stuck in a loop
The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory
 "One year of Nifty's lifetime high: Domestic equities stuck in a loop")
Motherson's local wiring biz better placed than its global sales entity
Demand, rising content per vehicle, return ratios key investment arguments for Motherson Sumi Wiring
 "Motherson's local wiring biz better placed than its global sales entity")
Six of top-10 firms lose Rs 78,163 crore in m-cap; RIL biggest drag
The combined market valuation of six of the 10 most valued domestic firms eroded by Rs 78,163 crore last week, with Reliance Industries taking the biggest hit
