Hero MotoCorp Share Price: Hero MotoCorp is set to announce its second-quarter earnings, with analysts predicting a 9% year-on-year revenue increase driven by higher sales volumes and average selling prices. Improved product mix and cost control measures are expected to boost EBITDA margins. Experts attribute the positive outlook to the launch of new premium motorcycles and a surge in export volumes.
Niva Bupa Share Price: Niva Bupa Healthcare shares are set to debut on the stock exchanges. The company's IPO received strong demand from retail investors. Niva Bupa is the second standalone health insurer to go public in India. The company has shown strong growth in recent years, with its gross written premium increasing at a compound annual growth rate of 41.
Four companies, including Manappuram Finance, are approaching their ex-dividend date on November 18th. Investors have until today to purchase shares and qualify for dividend payouts. CFF Fluid Control, Emami Ltd, and Sundaram Fasteners also announced their respective interim dividends.
U.S. stocks saw mixed results on Wednesday as October's consumer price index met expectations, bolstering predictions of a December interest rate cut by the Federal Reserve. The CPI's 0.2% rise, aligning with forecasts, pushed trader bets for a rate cut above 80%.
The Sensex and Nifty have dropped 10% from peaks on September 27, resulting in the indices entering the technical corrective phase. When an index falls 10% from its peak in a short span, it's considered a correction. A 20% decline makes it a bear phase.
This follows CFM offering 78 crore to take over Carnival's 1,290 crore debt from rival JC Flowers ARC, which did not get any challenging bid by the October 31 deadline, people familiar with the matter said.
