TATA Motors Q2 net loss narrows

The Markets Today in a nutshell

• Domestic benchmark indices ended on a negative note.
• Negative global cues triggered selling. Realty, healthcare and pharma shares witnessed selling. However, banks and FMCG shares bucked the trend. Investors are keenly watching the results of the U.S. midterm elections. Traders also looked ahead to Thursdays report on US consumer price inflation.

Capital Flows

News you could use

? Brokerages upgrades target price of Coal India
Many brokerages upgraded its target price after the government-run miner reported stronger-than-expected earnings and interim dividend. According to the ICICI Direct report, the firm expected to give Rs 20 per share dividend for the current year of which Rs 15 was already announced. The brokerage firm also expects Rs 22 and Rs 25 annual dividend from the firm in the subsequent years.

? TATA Motors Q2 net loss narrows
Domestic commercial vehicles business registered a 19% growth in sales over Q2 FY22 led by led by stronger sales of MHCVs and a robust recovery in passenger carriers demand. Tata PV business continued its strong momentum with wholesales at 142,755 vehicles (+69% yoy and 10% qoq), amid strong festive demand and debottlenecking actions.

? Indigo Paints stock price declines on block deal
Shares of Indigo Paints fell 6 percent on November 9 in early trade after 21 lakh shares, representing 4.4 percent equity, changed hands at Rs 1,384 per unit. Brokerages have retained their rating on Indigo Paints after its Q2 show. Nuvama Research has a ‘buy’ rating on the stock.

News from the IPO world?

• Five Star Business Finance IPO opens today
• Rustomjee Group run Keystone Realtors sets IPO price band at Rs. 514-541
• Bikaji Foods IPO subscribed nearly 27 times

Numbers? that matter