Share Market: Honasa, IndiGo, SBI, Infy, Liberty Shoes, RBL Bank can fill your bag today, prepare the list immediately
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Stocks to Watch Today: Today again there are no good signals for the Indian stock market from the global market. Yesterday the American market was closed due to Thanksgiving Day. At the same time, the Japanese market will remain closed today on the occasion of Worker’s Day. Meanwhile, the market is likely to start trading on a cautious note amid mixed signals from Asian competitors. Apart from this, weekly expiry of Nifty may increase volatility in the market. At 08:30 am, a slight decline is being seen in Gift Nifty. NSE Nifty 50 closed at 19,812 on Wednesday. Earlier, the US market had closed higher on expectations that the Fed may raise rates after data suggested the economy was slowing. Nikkei, Kospi and Taiwan gained 0.1 – 0.3 percent, while Hang Seng and Shanghai indices slipped up to 0.7 percent.
Honasa Consumer: Mamaearth’s parent firm reported a net profit of Rs 29.40 crore for Q2FY24, compared to a net loss of Rs 15 crore in the year-ago period. Consolidated revenue increased by 21 percent year-on-year to Rs 496.10 crore.
Interglobal Aviation: IndiGo’s parent company plans to challenge tax demands of over Rs 1,666 crore. In a regulatory filing, the company said Rs 7,39.68 crore (FY 2016-17) and Rs 9,27.03 crore (FY 2017-18) were demanded by the assessing officer, against which the company had earlier appealed. CIT-Appeal”.
liberty shoes: Its executive director Adesh Kumar Gupta was ousted from the board after the National Company Law Tribunal (NCLT) rejected a petition seeking relaxation in filing requirements.
Infosys:Signing a strategic long-term collaboration with TK Elevator to help in its digital transformation with an artificial intelligence (AI)-first strategy. Financial details of the engagement were not disclosed.
State Bank of India (SBI): Plans to increase interest rates on unsecured loans – personal loans – following RBI’s move to mandate higher risk weighting for those sectors. Chairman Dinesh Khara on Wednesday said the increase in risk weight for unsecured loans will impact SBI’s net interest margin (NIM) by 2-3 basis points.
Stocks in F&O ban today: BHEL, Hind Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX, NMDC, RBL Bank and Zee Entertainment are in the futures and options ban period on Thursday.
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