Next week brings exciting IPOs from Blue Jet Healthcare (mainboard) and On Door Concepts, Paragon Fine + Speciality Chemicals, Shanthala FMCG Products, Maitreya Medicare (SME segment). IRM Energy, Arvind + Company Shipping Agencies, and WomanCart will list in the stock market. Blue Jet seeks to raise Rs 840.27 crore, with a price band of Rs 329-346 per share.

Foxconn Technology Group, Apple Inc's largest iPhone supplier, has been subjected to tax audits at its Divisions & land use investigations by Natural Resources Department as part of suspected violation of laws & regulations. Foxconn must cooperate with the audits and accept punishment for mistakes made and rectify accordingly.

Markets snapped 2-week winning streak on back of rising US bond yields, firm crude oil prices & weak earnings from IT majors. Q2 Earnings will be in focus, with major companies releasing results. Geopolitical tensions between Israel-Palestine, movements in crude oil & FII flows to also closely monitored. Nifty 50 has a negative short term trend; may slide below 19480 to 19360 levels in near term.

Earnings season has been anything but typical due to macro-driven factors such as conflict in the Middle East and rising interest rates, making it hard for stock pickers. This shows in too much of the S&P 500 moving in the same direction in the past few weeks. Positive Wall Street revisions and strong fundamentals for Big Tech earnings increases optimism for company-specific news.

Bitcoin's dominance in the crypto market has recently reached an all-time high of 49%, marking its highest point since April 2021. The surge can be attributed to its booming price this year, bolstered by investors looking to minimize risk due to inflation worries and political uncertainties. Bitcoin being closer to gaining spot ETF approval may also explain its increased dominance in crypto space.

Finolex Industries reported an increase in consolidated profit with Rs 97.96 crore for the quarter ending September 30 compared to a loss in the corresponding quarter of the previous financial year. Revenue witnessed a decline of 6.16% during the quarter, but optimism for increased demand due to low global prices and growing economy pushed shares of the company up.

GOCL Corporation has received an order from Coal India worth Rs. 766 crore, which will be completed over two years. It involves supplying bulk explosives used at mining sites, as well as products for mining infrastructure projects. Coal India is the country’s largest coal-producing company, under the Ministry of Coal.

Ashok Vaswani has been appointed as the MD and CEO of Kotak Mahindra Bank for 3 years following Uday Kotak's planned resignation after 21 years at the helm. This change of guard comes as the bank reported a 24% YoY increase in net profit to Rs 3,191 crore and 23.5% growth in net interest income to Rs 6,297 crore. Investors will keep a close watch on the transition process.

CG Power and Industrial solutions had an impressive quarter ending in September 2023 with a net sales of Rs. 1,900.14 crore – a 19.65% increase from the previous year. Quarterly Profit after Tax rose by 99.58%, EBITDA by 20.4% and EPS increased to Rs. 2.33. Shares closed at 380.40 on October 19 giving returns of 26.74% over the last 6 months and 46.45% over the last 12 months.

Onward Technologies reported quarterly results with Net Sales increasing 13.46%, Profit by 559.55%, and Earnings Per Share (EPS) 3.57 in September 2023 from Rs. 76.76 crores, 1.21 crore, 0.55 respectively in September 2022. Shares closed up 79.00% in 6 months and 118.78% in 12 months. Promoters and Promoter Group have 0 shares as a % of total shares.

Glenmark Life Sciences reported strong quarterly results: net sales up 16.9%, net profit increased 11.1%, EBITDA increased 12.23%, EPS at Rs. 9.69. Shares closed at 623.40, returning 39.53% in the past 6 months and 52.35% in the last 12 months. Promoters' non-encumbered shares constitute 0% of total share capital.

Tanfac Industries reported Net Sales of Rs. 81.37cr, 5.12% higher than Sep'22. Quarterly Net Profit has grown 33.49%, EBITDA by 29.65% y-o-y; EPS increased to Rs. 11.4 from Rs. 8.54 in September 2022. Share closed at 14.20 on Dec 26th, and promoters/promoter group's Non-encumbrance is % of total share cap of the company.

Atul's September 2023 standalone quarterly results showed an 18.14% drop in net sales from September 2022 and a 38.6% decrease in Net Profit. EPS has decreased to Rs. 35.01 from Rs. 57.00 in the year prior. The stock decreased 2.63% and 21.76% in returns over the last 6 months and 12 months respectively.

Goa Carbon's standalone quarterly results for Sep'23 compared to Sep'22 showed a decreased net sales from Rs 426.29 cr to Rs 224.25 cr, & a net profit decrease from Rs 35.39 cr to Rs 28.96 cr. EPS declined from Rs 38.68 to Rs 31.65. The stock ended trading at 550.25 on Oct 19, with returns of 9.35% over 6 months and 32.22% over 12 months.

Kajaria Ceramics reported net sales of Rs. 1,010.22 crore in September 2023, an increase of 3.12% compared to September 2022. Quarterly net profit stood at Rs.97.60 crore, up 23.29%. Earnings per share rose to Rs.6.13 from Rs.4.97 over the same period, with a 15.24% and 14.43% return for investors over the last 6 and 12 months, respectively.