Shivendra Kumar

Synopsis The tradition of trading during Muhurat is based on auspicious planetary alignments, as it's considered favorable to start new ventures amid Diwali's festive symbols like diyas and rangoli. Historically, the BSE Sensex has closed higher in 13 of the last 17 Muhurat sessions. Amit Goel, Group CEO at MarketsMojo, emphasized the importance of Muhurat Day, marking the new Samvat and a blessed time for investments under the patronage of Goddess Lakshmi, the deity of wealth.

Indian stock markets are set to open for Muhurat Trading today during the Diwali holiday, marking the start of Samvat 2081. Despite strong past performance, experts advise caution for the coming year. Top brokerages have identified promising small-cap stocks for potential high returns. These recommendations offer varied opportunities for investors.

Estimates from Kotak Institutional Equities, Nuvama Institutional Equities, and Axis Securities reveal differing outlooks: Nuvama is most conservative on revenue and PAT, Kotak is bullish on revenue, while Axis is the most optimistic on Trents net profit.

Synopsis State Bank of India is predicted to post single-digit net interest income growth for the September quarter, fueled by loan growth but tempered by deposit costs. Brokerage estimates project net profit to range between Rs 12,894 crore and Rs 18,712 crore, with varying outlooks on year-on-year and sequential changes.

Hindustan Aeronautics Limited (HAL) reported a consolidated net profit of Rs 1,510 crore for the quarter ending September 30, 2024, reflecting a 22% year-on-year growth from Rs 1,237 crore in the same quarter of the previous year.

Indian stock exchanges BSE and NSE will be closed on November 15 for Guru Nanak Jayanti. MCX will be closed in the morning session and NCDEX will be closed all day. Markets will also be closed on November 20 for Maharashtra Assembly elections.

Honasa Consumer Q2 Results: The company's revenue and net loss both declined on a quarter-on-quarter basis. In the prior quarter, Honasa Consumer reported a net profit of Rs 40.25 crore and a topline of Rs 554 crore, reflecting a 17% drop. In its exchange filing, the company noted that revenue, adjusted for inventory correction, reached Rs 525 crore, showing a 5.7% YoY growth.

Delhivery reported a net profit of Rs 10 crore in Q2FY25, compared to a loss of Rs 103 crore in Q2FY24. Revenue grew 13% YoY to Rs 2,190 crore. EBITDA increased to Rs 57 crore. Express Parcel revenue grew 7% YoY, and Part Truckload revenue grew 27% YoY.

The reduction in the company's losses was driven by higher revenues on both a yearly and quarterly basis. Firstcry's operator reported a topline of Rs 1,905 crore in Q2FY25, up from Rs 1,507 crore in the same quarter last year and Rs 1,652 crore in Q1FY25, reflecting a 26% YoY and 15% QoQ increase.

A Sebi study found that Indian listed companies paid royalty to related parties exceeding 20% of net profits once in four times. In half the cases, royalty payments exceeded dividends paid to non-related shareholders. 1,538 instances of royalty payments within 5% of turnover were observed, with 1,353 made by profitable companies and 185 by loss-making ones.