Mazagon Dock Share Price: Shares of Mazagon Dock Shipbuilders fell by 5.3% ahead of a board meeting to discuss Q2 results, an interim dividend, and a potential stock split. The company has a dividend yield of 0.59% and has seen significant share price growth over the past year.
City Union Bank shares surged 12.5% after reporting Q2 PAT growth of 1.6% and NII up 8.2%. Analysts have mixed ratings, with target prices ranging from Rs 165 to Rs 195.
Ola Electric Mobility shares are expected to attract attention on Tuesday after the company announced it has resolved approximately 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).
There could be other reasons due to the middle east war escalation with potential to cause spike in crude oil prices and also potentially creating supply chain bottlenecks in the Asia-Europe corridor.
The company is a precision metal component manufacturer offering a diversified suite of precision engineering products which are high-quality engineered parts across end-user industries and geographies.
The company is engaged in the manufacture of a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow skids equipments which are used as critical equipments for petrol and diesel engines, railway engines, maritime engines, cruse and cargo ships among others.
Hyundai India shares debut today after the country's largest IPO, with estimates suggesting a 3-5% gain over the issue price. Despite the issue being fully subscribed only on the last day, the company's strong market position and focus on electric vehicles hint at promising long-term investment potential.
Benchmark indices Sensex and Nifty closed lower on Monday due to a sharp decline in Kotak Mahindra Bank and continuous foreign fund outflows. Manappuram Finance fell significantly after RBI restrictions on NBFCs. Raymond Lifestyles and 360 One Wam showed varied performance, with technical indicators showing possible recoveries under certain conditions.
The earnings season sees 70 companies, including notable players like Bajaj Finance, Adani Green, Zomato, and Paytm, reporting their Q2 results for July-September 2024. Key expectations include significant revenue and profit jumps for Zomato and Bajaj Finance, while Paytm may face widened losses despite higher revenue growth.
