Category: Business & Economy

Avenue Supermarts Ltd., the company behind D-Mart stores, saw its share price rise by 1.59% to Rs 3,534.70 at 11:01 AM IST on Wednesday. During the trading session, the stock reached a high of Rs 3,541.95 and a low of Rs 3,477.00. Just the day before, the stock closed at Rs 3,479.05.

So far, more than 5.82 crore rupees have been traded in the market, with 1,438 shares bought and sold. Currently, the stock has a price-to-earnings (P/E) ratio of 84.68, which means that investors are willing to pay a high price for each rupee the company earns, hoping for better growth in the future. The price-to-book (P/B) ratio is 15.76, indicating how much investors are paying for the company’s actual worth.

As of September 30, 2024, the promoters own 74.65% of Avenue Supermarts. Foreign and domestic institutional investors hold 9.95% and 7.42% of the company, respectively.

In the last quarter ending December 31, 2024, Avenue Supermarts reported net sales of Rs 15,996.69 crore, showing an impressive increase of 10.49% from the previous quarter and 17.58% compared to the same quarter last year. The company’s profits for the latest quarter were Rs 723.72 crore, which is 4.79% higher than the same time last year.

The share price of REC Ltd. went up by 1.9% to reach Rs 485.60 at 10:25 AM on Wednesday. During this time, the stock hit a high of Rs 486.50 and a low of Rs 475.25. In the previous trading session, the stock closed at Rs 476.50.

So far today, about 10,25,000 shares have been traded, bringing in Rs 5.10 crore in total sales on the BSE stock exchange. The stock’s price is being traded at a price-to-earnings (P/E) ratio of 8.55 and a price-to-book (P/B) ratio of 1.73.

A higher P/E ratio means that people are willing to pay more for each rupee of earnings because they expect the company to grow. The P/B ratio shows the value of the company, reflecting how much investors are willing to pay even if the company doesn’t show growth right now.

REC Ltd. operates in the Term Lending – Power industry. As of September 30, 2024, promoters owned 52.63% of the company. Foreign Institutional Investors (FIIs) and domestic institutional investors held 21.22% and 14.18%, respectively.

In its most recent quarter, REC Ltd. reported total earnings of Rs 13,706.31 crore, which is up by 4.69% from the previous quarter’s Rs 13,092.44 crore and 17.14% from Rs 11,701.26 crore the year before. The profit for this latest quarter was Rs 4,037.72 crore, an increase of 6.54% from the same quarter last year.

NEW DELHI: On Wednesday at 9:59 AM, many shares were traded on the stock market. The top ones were:

– Vodafone Idea: 16.77 crore shares traded
– GTL Infra: 2.24 crore shares traded
– Suzlon Energy: 1.98 crore shares traded
– YES Bank: 1.93 crore shares traded
– Adani Power: 1.93 crore shares traded
– IRFC: 1.33 crore shares traded
– Canara Bank: 1.23 crore shares traded
– IOB: 1.21 crore shares traded
– Bank of Maharashtra: 1.21 crore shares traded
– Zomato: 1.09 crore shares traded

At this time, the NSE Nifty index was up by 34.96 points, sitting at 23,211.0, and the BSE Sensex was up by 208.84 points, reaching 76,708.47.

Among the Nifty stocks, the biggest winners were:

– NTPC Ltd.: up 3.29%
– Maruti Suzuki India Ltd.: up 3.10%
– Power Grid Corporation of India Ltd.: up 2.47%
– Coal India Ltd.: up 1.70%
– Adani Ports & Special Economic Zone Ltd.: up 1.44%

On the other hand, the biggest losers included:

– Bajaj Finance Ltd.: down 2.37%
– Bajaj Finserv Ltd.: down 2.27%
– Shriram Finance Ltd.: down 2.08%
– Tata Consumer Products Ltd.: down 1.47%
– Axis Bank Ltd.: down 1.42%

The Biden administration has created new rules that stop new personal smart cars with technology from China and Russia from driving on American roads. These rules are meant to protect U.S. national security.

The U.S. Commerce Department announced that cars today are like mini-computers that can collect personal information, which might put people’s privacy at risk. This technology could also let foreign enemies control cars from far away.

The new rule bans the import and sale of smart cars and car parts tied to China and Russia. This means that companies linked to these countries can’t sell their vehicles in the U.S. The rules apply to passenger cars that weigh 10,000 pounds or less. Some of these restrictions will start as early as model year 2027 and others by 2030.

The Commerce Department also said they will look into creating similar rules for commercial vehicles like buses and trucks. The responsibility for this will fall to the next administration after President-elect Donald Trump takes office on January 20.

Additionally, the Biden administration is examining whether to impose new tariffs on Chinese chips used in technology.

Rajnish Retail Limited is making waves in the Indian jewellery market with its amazing financial success. In the last two quarters of the financial year 2023-24, the company saw a mind-blowing sales growth of 510%. This is a huge increase compared to last year’s numbers!

The company has created some of the rarest white diamonds in labs faster than anyone else. This new invention could change the entire diamond industry and how diamonds are sold worldwide.

In FY 2023-24, Rajnish Retail’s total revenue grew by 350%. Their market worth has now hit ₹250 crores. They have also received a huge order of ₹1,500 crore from top diamond companies like De Beers and Signet Jewelers to export these white diamonds.

Experts believe the company’s value might jump to between ₹2,000 crore and ₹3,500 crore soon!

Smart Moves for Growth

In July 2024, Rajnish Retail decided to widen its product range from 15 to over 100 items! This smart move helps them reach more customers and boosts their sales even more. It shows how Rajnish Retail is focused on expanding and growing.

India is the biggest diamond polishing country and the second-largest diamond market in the world. By 2032, the global diamond market could reach $138 billion. Experts think this is a great time for investors. If Rajnish Retail keeps this momentum, their stock and worth could grow a lot!

Note: This information is not from a news source. TIL does not guarantee or endorse any content mentioned here

United Spirits Ltd. has become a hot topic after its shares climbed 4.8% to Rs 1411.50 on Tuesday. During the day, the stock reached a high of Rs 1465.00 and dropped to a low of Rs 1405.60. Currently, the shares are down 6.62% over the last month, while the overall market (BSE Sensex) has also seen a dip of about 6.35%.

The highest price for this stock in the last year was Rs 1700.00, and the lowest was Rs 1055.65. Around 88,876 shares were traded by 2:09 PM, with total trading worth Rs 12.67 crore. In the previous session, the stock closed at Rs 1482.80.

When looking at the company’s earnings, it has a price-to-earnings (P/E) ratio of 72.57, meaning people are willing to pay a premium due to expected future growth. The price-to-book ratio is 11.55, reflecting an interest in the company’s value even if it doesn’t grow.

As of September 30, 2024, the promoters owned only 0.79% of the company. However, foreign investors and mutual funds together held 27.51% of the firm.

Financially, United Spirits reported a total sale of Rs 2898.00 crore for the quarter ending September 30, 2024. This is a small increase from Rs 2796.00 crore in the previous quarter and a slight decrease from Rs 2907.50 crore one year ago. The net profit for the quarter stands at Rs 341.00 crore, showing a slight rise from the same quarter last year.

On Tuesday, shares of SRF Ltd. dropped by 0.49% to Rs 2504.40 around 12:42 PM (IST). This happened even though the overall market index, Sensex, was up by 273.22 points, reaching 76603.23.

The day started tough for SRF, as it opened lower at Rs 2495.05. Throughout the day, it reached a high of Rs 2542.50 but also touched a low of Rs 2495.05. The stock’s highest price in the past year was Rs 2697.45, while the lowest was Rs 2088.55. By midday, about 9,404 shares had traded hands.

Investors may be interested in some numbers: SRF has a price-to-earnings (PE) ratio of 65.73, earnings per share (EPS) of Rs 38.10, and a price-to-book ratio (PB) of 6.63. Its return on equity (ROE) is Rs 11.63, indicating how well the company is utilizing its equity.

Looking at ownership, the promoters control 50.26% of SRF, while Foreign Institutional Investors (FIIs) hold 18.3%, and mutual funds own 9.8%.

In terms of financial performance, SRF reported total sales of Rs 3457.63 crore for the quarter ending September 30, 2024. This is a slight drop of 0.91% compared to the previous quarter but a rise of 7.83% from the same period last year. The profit for the latest quarter was Rs 201.42 crore, a 33.03% increase from last year.

Technical indicators show that the stock’s relative strength index (RSI) is at 62.95. Generally, an RSI above 70 means a stock might be overbought, and below 30 indicates it could be oversold. However, experts agree that the RSI should not be the only factor when deciding to buy or sell stocks.

New Delhi: Shares of Shriram Finance Ltd. rose by 2.18% in Tuesday’s trading session at 12:27 PM (IST). About 14,578 shares changed hands during this time. The stock opened at Rs 529.95 and reached a high of Rs 537.80 and a low of Rs 519.00 on that day. Over the past year, Shriram Finance’s stock hit its highest price at Rs 730.43 and its lowest at Rs 438.83.

As of now, the whole company is worth about Rs 100,266.94 crore.

Key Financials

For the quarter ending on September 30, 2024, the company reported sales of Rs 10,096.68 crore, which is a 5.07% increase from the last quarter’s Rs 9,609.71 crore and a 13.54% rise from Rs 8,892.99 crore a year ago. The company made a profit of Rs 2,140.4 crore, up by 19.84% from the same time last year.

Shareholding Pattern

As of September 30, 2024, domestic institutional investors owned 10.64% of the company, foreign institutional investors held 53.29%, and promoters covered 24.99%.

Valuation Ratio

According to NiftyStat data, the stock is trading at a price-to-earnings (P/E) ratio of 12.47 and a price-to-book ratio of 1.81. A higher P/E ratio means investors expect faster growth, while the price-to-book value shows how much investors are willing to pay even if the company doesn’t grow. Shriram Finance Ltd. is part of the diversified non-banking financial company (NBFC) industry.

At around 12:17 PM (IST) on Tuesday, Bajaj Holdings & Investment Ltd. had its share price go up by 2.22% to reach Rs 10,539.25. During the trading session, the stock reached a high of Rs 10,561.15 and a low of Rs 10,314.90. Just the day before, it closed at Rs 10,309.55. So far, only 665 shares have been traded today, totaling about Rs 0.70 crore on the NiftyStat exchange.

The company is valued at a price-to-earnings (P/E) ratio of 15.83, which means investors think it has strong future growth potential. Plus, with a price-to-book (P/B) ratio of 1.70, it indicates the company is valuable even if it doesn’t grow much right now. Over the last year, Bajaj Holdings’ stock price has jumped by 30.96%, while the 30-share index has only gained 7.36%.

Bajaj Holdings & Investment Ltd. is in the diversified holding industry. As of September 30, 2024, the company’s promoters own 51.46% of the stock, while foreign investors hold 10.89% and domestic institutions own 5.4%.

In its latest report, the company announced sales of Rs 292.80 crore for the quarter ending September 30, 2024, which is a huge increase of 97.69% from the previous quarter’s sales of Rs 148.11 crore. This is also up 21.97% compared to sales of Rs 240.06 crore from the same period last year. The firm’s total profit for this quarter was Rs 1,436.36 crore, a growth of 3.67% from a year earlier.

Shares of PI Industries Ltd. went up by 2.53%, reaching a price of Rs 3486.65 during trading on Tuesday. The stock hit a high of Rs 3509.95 and a low of Rs 3405.00 in the same session. Looking at technical charts, the important average prices for the stock are as follows: the 200-day moving average (200-DMA) is Rs 4068.33 and the 50-day moving average (50-DMA) is Rs 4025.34.

When a stock is trading above both the 50-DMA and 200-DMA, it usually means the stock is likely to keep rising. Conversely, if it trades below those averages, it suggests a downward trend. If the stock is trading between these two averages, it might go either up or down.

Currently, PI Industries is below the signal line of the Moving Average Convergence Divergence (MACD), which indicates a potential drop in price. The MACD helps traders see when trends may change. It finds the difference between two moving averages (the 26-day and the 12-day) and adds a nine-day average line that signals whether it might be a good time to buy or sell.

Additionally, the Relative Strength Index (RSI) for this stock is at 28.34. Generally, if the RSI is above 70, the stock is considered overbought, meaning it might drop in value. If it’s below 30, like in this case, the stock is seen as oversold, indicating it could bounce back up.

In terms of performance, PI Industries has a Return on Equity (RoE) of 19.25% and a Return on Capital Employed (RoCE) of 12.57%. RoCE helps understand how well a company uses its money to generate profits, while RoE shows how much profit a company makes compared to its owner’s investment.