Stock Market news for the day 18-Oct-2024
LTM (LTIMindtree Ltd.) yesterday declared Q2 results for 2024-2025 but it was not so good to impress the market so the stock today is down i.e Rs. 6007.00 (-6.06)
INFY (Infosys Ltd.) yesterday declared Q2 results for 2024-2025 but was not able to beat the market estimate. Yesterday Infosys ADR showed a negative indication for today, so the stock today is down i.e Rs. 1885..00 (-4.22)
Wipro Ltd. (WIPRO) announced its Q2 results for 2024-2025 yesterday. Initially, Wipro’s ADR was down more than Infosys (INFY), but today, due to the good results and the news of a 1:1 bonus issue, the stock price is at Rs. 547.75 (up by 3.59%).
Since Avenue Supermarts Ltd . (DMART) announced its Q2 results for 2024-2025 its share price has been going down day by day today also it went down by -2.39 % i.e Rs.3990, due to heavy Quick commerce & online competition DMART trying to focus on more online now.
Zomato is also down today by -4.20 i.e. Rs.259.20 because there was news related to Zomato that Zomato wants to raise funds by QIP and the Board will consider and decide about QIP fundraising of 8300 crores through institutional shares sale on 22 Oct 2024. We need to see what price Zomato will fix for this QIP.
Axis Bank Q2 result shows PAT surge of 18% YOY to Rs.6918 crore, NII jumps 9%. because of this AxisBank’s share surged to 5.75 % i.e. Rs. 1196.95. Due to this result market is expecting good results from ICICI Bank & HDFC Bank, so both share gain today. Tomorrow HDFC Bank will declare its Q2 Result.
Yesterday after market hour there was news about Mazagon Dock Shipbuilders Ltd that the company would consider bonuses and split as of 22 Oct 2024, so due to this news this stock jumped by 8%.
Now about Reliance Industries Ltd bonus share related news that 25 Oct 2024 is the last date to buy reliance share. On 28 Oct 2024, shareholders will get a bonus.