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NSE share market NEWS tomorrow (18 October, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (18 October, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 18 October 2023

Blue Star was amongst the top gainers, currently trading at 944.35 in NSE with 1.163 times change in volumes and 3.632% change in price. Other gainers included Cipla with 3.161% price change and 8.393 times volumes, Titagarh Rail with 3.128% price change and 6.29 times volumes, Prestige Estates with 2.59% price change and 3.025 times volumes, and Angel One with 2.551% price change and 1.982 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

8 20 was amongst the top losers, currently trading at 80.25 in NSE with 6.319 times change in volumes and -10.784% change in price. Other losers included Syngene Internatio with -6.685% price change and 8.202 times volumes, Biocon with -6.375% price change and 4.362 times volumes, Cyient with -5.479% price change and 0.767 times volumes, and Abb India with -4.326% price change and 4.757 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

LTIMindtree Q2FY24 results: Net profit at Rs 1,162 cr YoY; revenue up 8%. The total income for Q2FY24 came in at Rs 9,048.6 crore, compared to Rs 8,388.9 crore YoY, registering a rise of 7.86 per cent

PhonePe records revenue of Rs 2,914 crore in FY23, marks 77% jump. The Walmart-owned fintech firm said this growth is led primarily by its focus on market expansion and leadership in the digital payments market.

Black Box targets bn revenue by next fiscal, buoyed by rising demand. On Wednesday, shares of Black Box closed at Rs 204, giving the company a total valuation of Rs 3,427 crore

IndusInd Bank Q2 results: Net profit up 22% on NII growth, low provision. Yield on assets for the quarter stood at 9.69 per cent, compared to 8.65 per cent in the same quarter of the previous year

UTI AMC Q2 results: PAT declines 8% to Rs 183 crore, revenue falls 7%. UTI Asset Management Company on Wednesday reported an 8 per cent decline in profit after tax to Rs 183 crore in the September quarter. It had posted a profit after tax of Rs 200 crore in the same quarter of the preceding fiscal, according to a regulatory f

Ford Motor announces top management reshuffle as UAW strike drags on. Automakers are dealing with ongoing strikes by the United Auto Workers union that has led to total economic losses of .7 billion through Oct. 12

Vivo PMLA case: Court sends Lava MD, Chinese national to judicial custody. A court here on Wednesday sent Lava International MD Hari Om Rai and Chinese national Guangwen Kuang to judicial custody till October 30 in a money laundering case against Chinese smartphone maker Vivo. Additional Sessions Judge Devender Kumar Jangala, how

Bajaj Auto Ltd Q2FY24 results: PAT up 17.5%, riding on better product mix. After Diwali, Bajaj Auto plans to introduce six new products and upgrades in the 125 cc plus category

SLMG Beverages introduces 100% recycled PET bottles for Coca-Cola. SLMG Beverages, a flagship company of Ladhani Group and a franchise bottler for Coca-Cola in India, on Wednesday introduced 100 per cent recycled PET bottles for the iconic cola brand. The strategic leap not only reflects SLMG's dedication to environmental

BOB suspends senior officials for manipulations involving 'bob world' app. Most of these employees who are facing actions have been part of the branch network in the North and Western region of the country

IBM, MeitY join hands to boost AI, quantum and semiconductors in India. The platform is designed to deploy AI models for language, code, and geospatial science and will also adapt to training and building AI models in other domains as needed

Bengaluru-bound IndiGo flight returns to Singapore due to 'baggage error'. An IndiGo flight en route to Bengaluru returned to Singapore after take-off on Tuesday morning as the airline had forgotten to offload the baggage of passengers of an earlier flight. "We acknowledge the baggage error on the part of our service partner at S

DAEWOO plans India comeback in new avatar, to launch electric bikes, cycles. The company is entering the market for the second time as it is confident of India's robust economic growth and surging consumer demand

IIFL Finance Q2FY24 results: Consolidated net profit up 32% to Rs 526 cr. The company's non-fund based income, including fees and commissions, rose by 24 per cent year-on-year to Rs 598 crore in the reporting quarter

ICICI Lombard Q2 results: Net profit dips by 2% due to rise in expenses. The underwriting loss narrowed to Rs 146 crore, down from Rs 152.3 crore in Q2FY23

Wipro posts flat Q2 profit, cuts Q3 revenue growth guidance on weak demand. The operating margin expanded 100 basis points to 16.1 per cent in the second quarter from 15.1 per cent in the year-ago period

P&G sales surpassed analysts' estimates as price hikes offset lower volume. Organic sales rose 7% in the quarter ended Sept. 30, the maker of Tide detergent and Pampers diapers said Wednesday. Analysts had projected growth of 5.8%, according to data compiled by Bloomberg

CCI seeks inputs on draft to offer incentives to cos for info on cartels. Competition Commission has sought stakeholders' comments on draft leniency plus regulations that will offer incentives to companies already under probe for cartelisation for providing information about other cartels. As incentives, the entity giving inform

A-I Express unfurls new logo, livery; to induct 50 planes in 15 months. Air India Express said it has a fleet of 58 aircraft comprising 28 Boeing 737s and 28 Airbus A320s

Hudco's Rs 1,100 cr offer of share sale 95% covered, stock closed at Rs 80. The share sale received bids for about 133.6 million shares from institutional investors against a total of 140 million on offer

Meghalaya Cabinet approves proposal to pay Rs 565 cr power dues of NTPC. The Meghalaya Cabinet on Wednesday approved a proposal to clear Rs 565 crore pending power dues of National Thermal Power Corporation (NTPC) in 20 instalments, state Power Minister AT Mondal said. The proposal of the Meghalaya Power department was approved

J&J weighs third bankruptcy try to settle baby powder cancer case. Attorneys for some plaintiffs opposed the idea of a return to bankruptcy court

Shoppers Stop Q2 results: Net profit slumps at Rs 2.7 crore on weak demand. Retail chain Shoppers Stop on Wednesday reported a decline of 83.14 per cent in consolidated net profit at Rs 2.73 crore in the second quarter ended September 30, on muted demand in the apparel business and offset by growth in non-apparel business. The com

A-I to take delivery of 1 aircraft every 6 days on avg till 2024-end: CEO. Air India Group, which has embarked on ambitious expansion plans, is expected to take delivery of a new aircraft every six days on average till the end of 2024, according to a top official. The group, comprising Air India, Air India Express, AIX Connect an

Infosys to train 20,000 employees on Google Cloud's GenAI, aims expertise. The company is enhancing a wide range of its existing platforms and solutions with Infosys Topaz and Google Cloud GenAI features

SJVN ropes in carbon credits developer EKI Energy for issuance of I-REC. State-owned power producer SJVN Ltd has roped in carbon credits developer EKI Energy Services for registration, issuance and trading of international renewable energy certificates for its 1,500 MW Nathpa Jhakri hydro power project in Himachal Pradesh. An i

Official action indicated for Biocon arm's unit in Malaysia after FDA probe. Biocon Ltd on Wednesday said the US health regulator has classified as 'official action indicated' for the manufacturing facility of group firm Biocon Sdn Bhd at Johor, Malaysia following an inspection. The OAI (official action indicated) status may cause

Sony-Zee merger may be finalised by November despite appeals from banks. IDBI Bank and Axis Finance have both filed pleas National Company Law Appellate Tribunal (NCLAT) challenging the merger

Glenmark Pharma launches triple-combination drug for Type 2 Diabetes. Medication will be sold under the brand name Zita DM, will be priced at Rs 14 per tablet

Birlasoft appoints Selvakumaran Mannappan as chief operating officer. In his previous role, Selvakumaran Mannappan was the delivery head of BFSI‐Americas (Banking, Financial Services & Insurance) at Cognizant Technology Solutions

Dalmia Polypro to raise mn from US' DFC to build facility in Maha. The US International Development Finance Corporation (DFC) on Wednesday committed USD 30 million to Dalmia Polypro Industries for building a plastic recycling facility in Maharashtra. Dalmia, which produces high-quality recycled materials from post-consume

Finolex case: SC issues notices to NCLAT judicial member, technical member. In an unusual move, the Supreme Court on Wednesday issued notices to the National Company Law Appellate Tribunal judicial member Rakesh Kumar and technical member Alok Srivastava, asking them why contempt proceedings be not initiated against them for defyi

Diagnostic services firm Manipal HealthMap acquires Medcis Pathlabs. Company buys remaining stake in peer after first deal in 2022 gave it 84%

India to become world's third largest economy by 2027, says JP Morgan MD. JPMorgan's managing director of Asia Pacific equity research, James Sullivan, said that India's GDP will double to trillion by 2030

Airtel launches CCaaS platform to unify contact centre solutions for firms. The platform combines Voice as a Service and cloud connectivity, that can help reduce significantly reduce investments of enterprises

SC summons 2 NCLAT members for defying order, slams 'rot' in tribunal. A bench, which also had justices J B Pardiwala and Manoj Misra, asked the two NCLAT members to appear before the Supreme Court on October 30

NHPC suffered expected loss of Rs 233.56 cr due to flash floods in Sikkim. State-run hydro power giant NHPC on Wednesday said it suffered an expected loss of Rs 233.56 crore due to flash floods in its Teesta-VI hydro power project in Sikkim. The project was affected due to flash floods in Teesta basin on October 4, 2023. "Teesta-

Piramal plans to raise Rs 1,000 cr from its maiden NCD opening on Thursday. Piramal Enterprises Limited on Wednesday said it plans to raise Rs 1,000 crore from maiden issuance of Non Convertible Debentures (NCDs) to fund business growth. The tranche I comprises the base issue size of Rs 200 crore and a green-shoe option of up to R

Reliance Industries' luxury real estate bet gets HSBC financing boost. London-based bank originally provided £60 mn loan facility to subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021

Wipro Q2FY24 result: Net profit rises to Rs 2,667 crore; revenue down 0.1%. The company's gross revenue came at Rs 22,520 crore for Q2, a decrease of 0.1 per cent compared to the same qurater in the previous year

Bandhan Bank Q2 results: Net profit rises to Rs 721cr on loan portfolio. Private lender Bandhan Bank on Wednesday reported a whopping 245 per cent jump in its net profit to Rs 721 crore in the second quarter of the 2023-24 fiscal as compared to Rs 209 crore in the year-ago period. The loan portfolio of the Kolkata-headquartered

IndusInd Bank Q2 results: Net profit jumps 22% on robust growth in loans. (Reuters) -Indian private lender IndusInd Bank reported a 22.1% rise in second-quarter profit on Wednesday, helped by robust growth in loans and core lending income.

X tests fee for new users in Philippines, New Zealand to target spam. Elon Musk's social media platform X has begun charging a USD 1 fee to new users in the Philippines and New Zealand, in a test designed to cut down on the spam and fake accounts flourishing on the site formerly known as Twitter. The company said late Tuesda

Astral Q2FY24 result: Consolidated net profit up 82% YoY to Rs 131.7 cr. The revenue from operations for Q2FY24 came in at Rs 1,363 crore, compared to Rs 1,171.6 crore year-on-year

Himadri Speciality Chemical reports 5.1% revenue decline in Q2FY24. Operating in both domestic and international markets, Himadri Speciality Chemical exports to 49 countries worldwide

PhonePe revenue soars 77% in FY23 on booming digital payments market. The company's loss before interest, taxes, depreciation and amortisation on a standalone basis widened to 17.55 billion rupees (0.8 million) from 16.12 billion rupees a year ago

Suzuki eyes exporting India-made EVs to Japan as early as 2025: Report. The production line would also make gasoline-powered cars and would reach an expected capacity of 250,000 units a year, the newspaper added

Bajaj Auto Ltd Q2FY24 result: Net profit rises to Rs 2020 cr; revenue up 6%. The company's total income for Q2FY24 came in at Rs 11,206.84 crore, compared to Rs 10,536.56 crore year-on-year

IIFL Finance Q2 result: Consolidated net profits up 32% YoY, income up 23%. IIFL Finance Limited standalone net profits fell by 38% Rs 136.7 crore, compared to Rs 220.47 last year

L&T Tech trims FY revenue growth guidance; Q2 profit up 4.7% to Rs 315 cr. The unit of engineering conglomerate Larsen and Toubro now expects revenue in dollars for this fiscal year ending March to grow 17.5%-18.5% in constant currency

Govt to sell up to 7% stake in HUDCO through an offer for sale this week. The plan includes selling 3.5% of the company, with an option to sell an additional 3.5% if the offer is oversubscribed

Exploring tie up with Japanese companies for chip plant in Gujarat: Vedanta. Vedanta's Akarsh K Hebbar during Vibrant Gujarat Global Summit roadshow in Japan had said that it is bn opportunity for cos willing to come and invest in electronics manufacturing hub in Guj

IndiGo launches flights to 20 international destinations in last six months. The international flights include new routes and the resumption of flights within the airline's network

KKR-backed Avendus to tap tech investment banking deals in Southeast Asia. Majority owned by KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising

L&T Tech PAT grows 5.1%, FY24 revenue guidance slashed to 17.5-18.5%. The company has slashed its full-year FY24 revenue guidance to 17.5-18.5 per cent year-on-year growth in constant currency (CC) terms

CCI approves merger of IDFC Ltd with its subsidiary IDFC FIRST Bank. Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the merger of IDFC Ltd with IDFC FIRST Bank. IDFC FIRST Bank is in the business of providing banking services, while its parent IDFC Ltd (IDFCL) is an RBI-registered non-banking

Glenmark gets USFDA nod to market generic version of Otezla tablets. Glenmark's current portfolio includes a total of 188 products that have been authorised for distribution in the US marketplace

ICICI Prudential Life Q2 results: Net profit rises 23% despite lower income. ICICI Prudential Life Insurance Company on Tuesday reported a 23 per cent increase in its net profit at Rs 244 crore in the quarter ended in September 2023 despite lower income. The company's net profit in the same quarter a year ago stood at Rs 199 crore.

Bajaj Finance Q2 results: Consolidated net profit up 28% to Rs 3,551 cr. With rising cost of funds BFL expects further compression in NIMs

Titan to raise Rs 2,500 cr via unsecured NCDs on private placement basis. Leading jewellery and watchmaker Titan on Tuesday said it will raise Rs 2,500 crore from the markets through unsecured Non-Convertible Debentures (NCDs) on a private placement basis. The board of the company in a meeting on Tuesday "approved the proposal f

ICICI Prudential Life Insurance Q2 net profit up 22.4% to Rs 244 crore. The net premium income of the company rose to Rs 10,022 crore, nearly 5 per cent higher from Rs 9,582 crore in the year-ago period

Trusts linked to Torrent Power, others from open offer conditions exempted. Regulator Sebi on Tuesday exempted four family trusts linked to promoters from making open offers to the shareholders of three companies -- Torrent Power, Torrent Pharmaceuticals and Gujarat Lease Financing -- following their proposed indirect share acquis

I-T moves HC against tribunal for favouring LIC in Rs 5K cr tax cases. The litigation has been filed by the Principal Commissioner of Income Tax, Mumbai, for two claims: Rs 1,838.87 crore and Rs 3,153.97 crore from AY 2014

Syngene International Q2 results: Net profit rises 14.22% to Rs 116.5 crore. Syngene International Ltd on Tuesday reported a 14.22 per cent increase in consolidated net profit at Rs 116.5 crore in the September quarter. The company had posted a consolidated net profit of Rs 102 crore in the year-ago period, Syngene International sa

Global Maritime Summit: VPA inks deals with NHAI, Trion worth Rs 1,400 cr. The Visakhapatnam Port Authority (VPA) on Tuesday entered into agreements with the National Highways Authority of India (NHAI) and Trion Properties to execute projects worth Rs 1,400 crore. The port authority inked these deals at the ongoing Global Maritim

Ericsson India sales jump 3.5 times to about Rs 7,400 cr in Jul-Sept qtr. Swedish telecom gear maker Ericsson's net sales in India grew over 3.5 times to about Rs 7,400 crore (9.6 billion Swedish Krona) in the third quarter ended September 30, as per its financial report released on Tuesday. Ericsson had recorded 4 per cent of t

Adidas lifts revenue guidance, forecasts smaller 2023 operating loss. The German company said it now expects an operating loss for 2023 of around 100 million euros (6 million), from a previously expected 450 million euros

Ambani's youngest son, Anant, faces proxy firms' pushback on board seat. "A vote against this resolution is warranted as Anant Ambani's limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS said

Space-tech startup Agnikul Cosmos raises Rs 200 crore, eyes expansion. Space-tech startup Agnikul Cosmos, incubated by IIT-Madras, on Tuesday said it has raised Rs 200 crore in the Series-B funding round and aims to use that for supporting its expansion plans as the firm looks at putting satellites in orbit. Agnikul has start

Maruti to pay .54 billion in stock to Suzuki Motor for local plant. Maruti will issue 12.3 million preference shares at Rs 10,420.85 each, which is a 2.7 per cent discount to the stock's closing price on Monday. The stock dropped 0.6 per cent on the day

Jio Financial set to launch suite of loan products to expand footprint. JFS plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market

Government to exit Hindustan Zinc Ltd, but over an extended period. The residual stake is valued at approximately Rs 40,000 crore at current market prices

Ajmera Realty bags housing project in Mumbai; eyes Rs 360 cr sales revenue. Ajmera Realty & Infra India Ltd on Tuesday said it will redevelop a housing society at Versova in Mumbai and is expecting to generate Rs 360 crore revenue from this project. In a regulatory filing, the Mumbai-based company informed that it has undertaken "

Bajaj Finance picks 26% stake in fintech firm Pennant Technologies. Pennant will become a related party of Bajaj Finance after completion of deal

Zomato has nothing to do with helmet-less woman biking viral video: CEO. Zomato Managing Director & CEO Deepinder Goyal on Tuesday clarified that the company has "absolutely nothing to do" with a viral video in which a woman is seen riding a motorcycle without helmet dressed as a delivery partner of the online food delivery fir

MSIL to issue shares worth Rs 12,841 cr to acquire Gujarat plant from SMC. Share issue will raise Suzuki Motor Corporation's ownership in Maruti Suzuki India to 58.19%

CEAT eyes market leadership in EV tyres within the next two years. Banerjee said that Ceat is focusing on specialty tyres, whether for agricultural use or other segments

Coal India, GAIL, RCF to partner to invest 2 mn in fertiliser JV. NEW DELHI (Reuters) - State-run firms, Coal India, GAIL India, and Rashtriya Chemicals & Fertilizers (RCF), will invest 30.95 billion rupees (1.90 million) in their fertiliser joint venture in Odisha, two government officials told Reuters.

Skoda Auto Volkswagen India to commence exports to Vietnam from 2024. koda Auto Volkswagen India Pvt Ltd on Tuesday said it will start exports to Vietnam from 2024 as part of its strategy to accelerate export operations in the ASEAN region. The company, which has inaugurated its parts expedition centre (PEC) at the Volkswage

Tata Harrier, Safari facelifts launched, get five-star safety rating. Harrier and Safari are Tata's first cars to be tested under the new, more stringent norms of Global NCAP testing

Bajaj Finance Q2 results: Consolidated PAT rises 28% to Rs 3,551 crore. Loan losses and provisions grew nearly 47% year-on-year in the quarter to Rs 1,077 crore, up from Rs 734 crore a year ago

Thailand's MQDC to open 42,000 square feet co-working centre in Gurugram. Thailand-based leading realty firm Magnolia Quality Development Corporation (MQDC) will soon open its second co-working centre in India and has taken on lease 42,000 square feet of office space in Gurugram. MQDC already has one co-working facility in South

Dabur receives GST demand notice of Rs 320.60 cr, firm to challenge matter. Homegrown FMCG and Ayurvedic products maker Dabur on Tuesday said it has received a Goods and Service Tax (GST) demand notice of Rs 320.60 crore. The company will challenge the same based on strong merits by filing its reply before the relevant authorities

Tata Elxsi Q2 results: Profit rises 14.8% on uptick in transportation biz. The company's net profit rose 14.8% year-on-year to Rs 200 cr (.03 million), while revenue from operations climbed to Rs 882 cr

Goldman Sachs profit plunges to .06 billion on impact from fintech sale. The Wall Street giant reported net profit of .06 billion, or .47 per share, for the three months ended Sept. 30, it said on Tuesday

Dabur receives Rs 320 crore GST demand; company to challenge notice. The company intends to challenge the notice based on 'strong merits' in front of the relevant authorities and has ensured this does not impact the overall financials or operations going forward

CCI brings draft leniency plus regulations for cartels, invites comments. The Leniency Plus regime was introduced in the new Competition (Amendment) Act, 2023, although several provisions of the Act are yet to be notified

SUV segment to see intense competition among players: Tata Motors. Tata Motors on Tuesday said it plans to keep updating its SUV range as it expects the robustly growing segment to remain highly competitive with presence of all leading players. Sports utility vehicles are driving the overall growth of the domestic passeng

E-commerce firm Meesho's CXO for business Utkrishta Kumar moves on. Megha Agarwal, the current CXO for growth at Meesho, will take the mantle from Kumar and be the new CXO for business and Nilesh Gupta will take on the role of general manager for user growth

Table Space to invest Rs 500 crore in 'TS Suites' over the next 18 months. TS Suites are pre-built offices on short and mid-term contracts, which are made available in under 24 hours

Zensar Technologies Q2 results: Net profit up 206.3% to Rs 173.9 crore. In terms of verticals, Manufacturing & Consumer and Banking & Financial Services led the growth for the second quarter, growing at 6.7 per cent and 3.1 per cent respectively

Muted revenue growth, higher profitability for RIL in quarter ending Sept. RIL's refining segment gains are expected to be partially offset by a slump in petrochemical margins and planned shutdowns at the refining facilities

AI startup Leucine gets mn funding from Ecolab Inc, angel investors. Leucine's platform can be rolled out in as little as eight weeks, thanks to its proprietary AI-enabled digital process builder

Grasim Industries to raise Rs 4,000 crore through rights issue of shares. The fund raise comes a month after of the textile-to-chemicals maker announced plans to enter the paint business under the brand name 'Birla Opus' in the fourth-quarter of fiscal 2024

BimaKavach receives IRDAI's approval for direct insurance broking. In 2022, the company secured million in funding from WaterBridge Ventures, Blume Ventures, Arali Ventures, and Eximius Ventures

NLCIL incorporates wholly-owned arm NIGEL for commissioning green projects. NLC India Ltd on Monday said it has incorporated a wholly owned arm NLC India Green Energy Ltd (NIGEL) for commissioning of green projects. NIGEL will take care of planning, participating in upcoming renewable energy tenders, execution and commissioning of

Chennai firm Data Patterns inks strategic MoU with Isro, to acquire SAR. SAR technology is capable of generating high-resolution images from space, unaffected by weather conditions, and can collect data during both day and night

HDFC Bank's bad loan jumps, margin narrows post-merger, Q2 profit up 50.6%. Net interest margins, which had been above 4 per cent for many years, dropped to 3.4 per cent in the July-September period, largely owing to the higher cost of funds from the erstwhile HDFC

Bofa Securities, Societe Generale offload Delta Corp shares worth Rs 56 cr. Two entities -- Bofa Securities Europe and Societe Generale -- on Monday offloaded shares of Delta Corp Ltd for Rs 56 crore through open market transactions. Following the sale, shares of Delta Corp tumbled 8.18 per cent to close at Rs 128.55 apiece on the

NCLT has considered SBI petition for withdrawal: Bajaj Hindusthan Sugar. The company owed banks around Rs 4,771 crore and had availed itself of two debt-restructuring schemes, leading to steep haircuts taken by the lenders

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NSE share market NEWS tomorrow (18 October, 2023). NSE stocks in NEWS (tomorrow)

 

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