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Kolkata’s tea prices have gone up by 18% from January to October this year compared to last year. The reason for this increase is that tea production has dropped significantly—by about 66.39 million kilograms, leading to a total of 1,112.11 million kilograms produced this year.

During a recent meeting between Assam tea growers and Union Minister Piyush Goyal, he emphasized the importance of producing high-quality tea and following health and safety rules. He urged the Food Safety and Standards Authority of India (FSSAI) and state governments to keep a close watch on these standards. The Minister also mentioned that there would be no extension allowed for tea plants to stay open after November 30, 2024, although top-quality tea producers could apply for special exceptions according to the Tea Board’s rules.

Another important point discussed was the need to control too much tea in the market so that prices don’t fall too low. The meeting also highlighted that selling 100% dust-grade tea through auctions will continue. This measure has helped keep the prices of dust-grade tea steady after the auction process changed.

With production set to stop after December 1, 2024, India’s overall tea production is expected to be less than last year. Bad weather in Assam and West Bengal has led to a drop in crop yields. While tea prices have risen recently, the lower production has affected earnings across the industry. The India Tea Association is worried that prices might drop in November compared to September, with prices falling between Rs 15 to Rs 40 per kilogram in auction centers across North India

Today, Marico Ltd. shares were trading at Rs 639.95, which is 1.05% lower than yesterday’s closing price of Rs 646.80. This drop comes while the overall market, represented by the BSE Sensex, dropped by 655.29 points to reach 80,903.37.

Marico’s shares have seen a high of Rs 719.80 and a low of Rs 486.75 over the past year. So far today, 11,896 shares were traded, bringing in about Rs 0.77 crore.

Looking at the company’s value, the shares are trading at a Price-to-Earnings (P/E) ratio of 52.24, which means investors expect the company to grow in the future. They also have a Price-to-Book (P/B) ratio of 16.73. This means people are paying this price even if the company is not expected to grow fast.

The stock’s Beta value is 0.7960, which means it is less volatile than the market.

In terms of ownership, as of September 30, 2024, company promoters own 59.2% of Marico, Foreign Institutional Investors (FIIs) hold 24.87%, and Domestic Institutional Investors (DIIs) have 4.92%.

On the technical side, the Relative Strength Index (RSI) is 53.45. RSI is a number that helps traders see if a stock is overbought (above 70) or oversold (below 30). However, it’s important to look at other factors too; just one number isn’t enough to make buying or selling decisions.

Shares of Indian Hotels Company Ltd. were trading at Rs 802.15 on the Bombay Stock Exchange (BSE) at 1:02 PM IST on Tuesday. This is up 0.15% from the previous day. Recently, the stock opened higher in the morning. The company’s stock has a 52-week low of Rs 416.15 and a high of Rs 814.65, showing that it has had some ups and downs.

By 1:02 PM, around 24,636 lakh shares had been traded. The company’s total market value is Rs 1,14,223.32 crore. The price-to-earnings (P/E) ratio stands at 68.29, while the price-to-book value is 8.90. The return on equity (ROE) is at 13.31%.

In the BSE500 group, 379 stocks were doing well (in the green), while 120 stocks were not doing so well (in the red). As of September 30, 2024, promoters held 38.12% of the Indian Hotels Company. Overseas and domestic (local) institutional investors owned 27.44% and 18.66%, respectively

HDFC Bank’s stock price went up by 2% after a big trade involving many shares. This deal helped HDFC Bank’s total market value rise above ₹14 lakh crore (14 trillion). The increase in share price makes HDFC Bank one of the most valuable banks in India. Investors reacted positively to this trade, showing confidence in the bank’s future. With this surge, HDFC Bank maintains its strong position in the market, making it an attractive option for those looking to invest in banking stocks.

Sanjeev Prasad, a top expert from Kotak Institutional Equities, believes that the stock market hasn’t really corrected itself, despite recent drops. He notes that many stocks are currently priced fairly high, with not much chance of significant increase. For many companies, their market price is about four times their actual book value, meaning they might be overpriced. Prasad explains that while some shares have gone down in price, the overall market is still making things complicated due to companies with unclear values, especially in sectors like consumer goods, cars, and construction.

Some industries, like hotels, are doing well, while others are struggling. For example, hospitality companies are seeing strong occupancy rates, but sales in food delivery services and quick shopping are also growing. However, he is cautious about certain industries, like cement and chemicals, stating that their high prices don’t match their actual earnings.

He also thinks that even though the Indian economy is growing, many companies are making too much profit, and this could lead to lower profits in the future due to more competition and changing market dynamics. While government spending is expected to increase in the future, it might not be enough to significantly change how prices behave due to the high valuations that many companies hold. People in the market are likely reacting to news without focusing on real value or earnings.