PI Industries Share Price: PI Industries shares dropped 9% despite a 6% YoY rise in Q2 profit, driven by biological growth and improved gross margins. However, domestic revenue saw a decline.
Venezuelan and Haitian immigrants granted Temporary Protected Status (TPS) under the Biden administration face uncertainty as President-elect Trump and JD Vance pledge to roll back the program. The potential policy shift has sparked fear among TPS holders, who rely on the program for legal work authorisation and protection from deportation to countries facing political turmoil and gang violence.
Matt Gaetz, a controversial figure known for his staunch loyalty to Trump and frequent scandals, has been nominated as attorney general by the former president. Gaetz, who recently resigned from his congressional seat, has faced scrutiny for alleged sex trafficking and attempts to overturn the 2020 election results.
Hindustan Aeronautics (HAL) shares have dropped 28% from their July peak, currently finding support around Rs 4,000. Analysts see a potential bounce to Rs 4,300, but a close below Rs 4,100 could push the stock down to the Rs 3,700-3,850 range.
Shares of Eicher Motors, the manufacturer of Royal Enfield, surged 7.5% to a high of Rs 4,934.50 on the BSE on Thursday, following the companys announcement of an 8% increase in standalone net profit, reaching Rs 1,010 crore for the quarter ending September 2024.
Varun Beverages' shares rose 5% after the company launched a qualified institutional placement (QIP) to raise Rs 7,500 crore. The floor price for the issue is set at Rs 594.56 per share, representing a 1.5% discount. This move comes as the company reported a 22.3% rise in net profit for the third quarter, reaching Rs 628.83 crore.
Nalco share Price: National Aluminium Company (Nalco) witnessed a remarkable five-fold surge in its consolidated profit for the September quarter, reaching Rs 1,045.97 crore, driven by robust revenue growth. The company's board has announced an interim dividend of Rs 4 per share. Nalco's shares, despite a recent dip, have shown impressive growth this year.
Tata Power subsidiary completed a large floating solar project in Madhya Pradesh. The 126 MW project uses over 200,000 solar modules. It generates a significant amount of energy and reduces carbon emissions. The project overcame challenges like fluctuating water levels. It supplies power to the Madhya Pradesh Power Transmission Company.
Vodafone Idea reported a smaller net loss of Rs 7,176 crore in Q2 FY25, helped by revenue growth and tariff hikes. Despite this, the telco's subscriber base shrunk due to the price increases. Vodafone Idea's future hinges on securing debt funding, as highlighted by analysts.
In the Nifty 50 pack, five stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on November 13, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
