Invest With Tribe

Share this post

SBI(+2%), Tech Mahindra(-3%) & more

blog.investwithtribe.com

SBI(+2%), Tech Mahindra(-3%) & more

Tribe Daily

Tribe Wealth
Nov 3, 2022
1
Share this post

SBI(+2%), Tech Mahindra(-3%) & more

blog.investwithtribe.com

Market Summary

Nifty closes with minor cuts while broader markets outperform.


Companies

SBI(+2%) & Titan (+2%) rise ahead of Q2 earnings. Tech Mahindra (-3%) declined after the company reported the lowest deal wins and lower profits on YoY basis.


Sectors

Nifty PSU Banks (+3%) due to the strong performance of BOI & UCO Bank. Nifty Auto (-1%) due to mixed sales in October.


News of The Day

1. Shares of Relaxo Footwear (-7%) plunged after the company reported a 67.3%( Rs 22.40 crore) decline in net profit. (Economic Times)

2.Shares of Adani Wilmar (-2%) declined after the company reported a 73.25% YoY decline in consolidated profits after tax. (Economic Times)

3.  Bikaji Foods International IPO received a subdued demand from investors during the initial hours of the bidding process. (Economic Times)

4.HDFC reported an 18% YoY rise in net profits & the revenue from operations increased by 23% YoY. (Economic Times)

5. Shares of Varun Beverages (+6%) rose after the company reported better-than-expected Q3 profits. The revenue from operations increased by 32.5% YoY. (Economic Times)


Market Sentiment


Expert of The Day

Follow Him on Invest With Tribe


Latest Blog:

How is renewable energy a game changer for India's energy requirements?


Articles You Like to Read

India & SCO, saying it as it is and should be. ( Source: Economic Times)

India’s semiconductor revolution has finally begun. ( Source: Economic Times)

How countries, including India can reduce dependence on Chinese imports. (Source: Economic Times )


Latest on our Social:

Click to see the full post


Follow our Socials

Looking for fantastic content on the stock market, trading and investing?

Follow us on Twitter, Instagram, Reddit, LinkedIn & YouTube

Share this post

SBI(+2%), Tech Mahindra(-3%) & more

blog.investwithtribe.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Tribe Wealth
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing