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Market LIVE Updates: Indices trade lower amid volatility, Nifty around 18,450; PNB, Paytm most active – Moneycontrol

November 25, 2022 / 12:13 PM IST

Paytm up 6 percent on low level buying, positive analyst commentaryShares of Paytm parent One 97 Communications spiked on November 25 on low level buying as the demand for the counter upturned following a positive commentary from analysts. After hitting an all-time low of Rs 439.6 in the previous session, the scrip jumped nearly 7 percent to Rs 470 apiece on the BSE on Friday.Many opine that selling has been overdone in Paytm, and the stock that has been on a declining trend may be a good buy at this level. Most brokerages are bullish on the counter with some seeing over 100 percent potential upside in the next 12 months.Watch to know more

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November 25, 2022 / 12:01 PM IST

Markets At 12 PMSensex is down 149.72 points or 0.24 percent at 62,122.96. Nifty is down 31.90 points or 0.17 percent at 18452.20. About 1919 shares have advanced, 1219 shares declined, and 104 shares are unchanged.

November 25, 2022 / 11:54 AM IST

Castrol to acquire 7.09 percent stake in Ki Mobility SolutionsCastrol India on November 25 entered into shareholders agreement and share subscription agreement with Ki Mobility Solutions Private Limited for acquisition of 7.09 percent stake (on a fully diluted basis post acquisition) at a consideration of Rs 487.50 crore. Ki Mobility is a part of TVS group. The acquisition will be completed by January 2023, the company said in an exchange filing.

Castrol to acquire 7.09 percent stake in Ki Mobility Solutions     Castrol India on November 25 entered into shareholders agreement and share subscription agreement with Ki Mobility Solutions Private Limited for acquisition of 7.09 percent stake (on a fully diluted basis post acquisition) at a consideration of Rs 487.50 crore. Ki Mobility is a part of TVS group. The acquisition will be completed by January 2023, the company said in an exchange filing.

November 25, 2022 / 11:46 AM IST

VA Tech Wabag To Issue NCDs Worth Rs 200 Cr

The company’s board has considered and approved the proposal for fund raising by way of issue of Non-Convertible Debentures (NCD) upto Rs 200 crore in one or more tranches/series to Asian Development Bank on a private placement basis.

The stock is trading flat at Rs 312.15 apeice on the NSE, higher by only 0.05 percent.

November 25, 2022 / 11:39 AM IST

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November 25, 2022 / 11:38 AM IST

Nifty FMCG worst performing sector of the day dragged by Nestle, HULMost FMCG companies recorded double-digit revenue growth in Q2 on back of the price hikes taken in previous quarters to offset raw material cost inflation. However, margins contracted year-on-year, despite commodities like palm oil cooling off significantly from March-highs, as the companies were sitting on high-cost inventories.

Nifty FMCG worst performing sector of the day dragged by Nestle, HUL     Most FMCG companies recorded double-digit revenue growth in Q2 on back of the price hikes taken in previous quarters to offset raw material cost inflation. However, margins contracted year-on-year, despite commodities like palm oil cooling off significantly from March-highs, as the companies were sitting on high-cost inventories.

November 25, 2022 / 11:26 AM IST

Prabhudas Lilladher’s Medium Term Tech PickBuy: KPIT Tech | Target: Rs 800 | Stop Loss: Rs 680The stock has made high bottom formation and is now heading towards the previous peak of 745 and a breakout can be anticipated to reach the target of around 800 levels. The RSI indicator has been on the rise and also with decent volume, we recommend a buy in this stock for an upside target of 800 keeping a stop loss of 680.

Prabhudas Lilladher's Medium Term Tech Pick     Buy: KPIT Tech | Target: Rs 800 | Stop Loss: Rs 680    The stock has made high bottom formation and is now heading towards the previous peak of 745 and a breakout can be anticipated to reach the target of around 800 levels. The RSI indicator has been on the rise and also with decent volume, we recommend a buy in this stock for an upside target of 800 keeping a stop loss of 680.

November 25, 2022 / 11:22 AM IST

Yes Bank co-founder Rana Kapoor granted bail in money laundering case

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Yes Bank co-founder Rana Kapoor granted bail in money laundering case

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Kapoor was arrested by the federal investigating agency under the Prevention of Money Laundering Act (PMLA) in 2020.

November 25, 2022 / 11:12 AM IST

City Gas Distribution Companies In FocusSources to CNBC-TV18
-Kirit Parekh committee on gas pricing may submit report by end of this month
-Committee has not recommended a price
-Panel to recommend formula which addresses social & environmental needs
-Kirit Parikh panel looking to balance needs of both consumers & gas producers

City Gas Distribution Companies In Focus     Sources to CNBC-TV18  -Kirit Parekh committee on gas pricing may submit report by end of this month  -Committee has not recommended a price  -Panel to recommend formula which addresses social & environmental needs  -Kirit Parikh panel looking to balance needs of both consumers & gas producers

November 25, 2022 / 11:01 AM IST

Market update at 11 AMSensex is down 51.93 points or 0.08 percent at 62,220.75. Nifty shed 5.10 points or 0.03 percent at 18,479. About 1947 shares have advanced, 1117 shares declined, and 115 shares are unchanged.

Market update at 11 AM     Sensex is down 51.93 points or 0.08 percent at 62,220.75. Nifty shed 5.10 points or 0.03 percent at 18,479. About 1947 shares have advanced, 1117 shares declined, and 115 shares are unchanged.

November 25, 2022 / 10:50 AM IST

Gold Prices Today: Precious metals to remain range-bound following FOMC minutes, support around Rs 52,500

imageGold Prices Today: Precious metals to remain range-bound following FOMC minutes, support around Rs 52,500” title=”

Gold Prices Today: Precious metals to remain range-bound following FOMC minutes, support around Rs 52,500

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Bias in bullion looks positive at the current levels. Technically, the trend in precious metals may remain range-bound to the upside. Gold has support at Rs 52500 and resistance is at Rs 53200. Silver has support at Rs 61500 while resistance is at Rs 62800, said Nirpendra Yadav of Swastika Investmart.

November 25, 2022 / 10:42 AM IST

Future Consumer board decides to withdraw merger between company and Integrated Food Park

The Board of Directors of Future Consumer have decided, subject to approval of National Company Law Tribunal at Mumbai and Bengaluru Bench (NCLT) and other regulatory authorities as may be required, to withdraw Scheme of Amalgamation between Integrated Food Park Limited and the company. 

Future Consumer touched 52-week low of Rs 1.57 and quoting at Rs 1.61, down Rs 0.01, or 0.62 percent.