Shares of Dr Lal Path Labs surged 7% on NSE following their Q2 report with 53% year-on-year jump in profit and 12.6% increase in total revenue compared to last year. 17 stocks of the 20-stock Nifty Healthcare index were seen trading in green and both JM Financial and SBI Securities recommended buying with different target prices.

Nifty 50 started Nov 3 boosted by global cues, led by the US Federal Reserve likely ending rate-hikes. Expectations of falling crude prices and US treasury yields drove markets for a third straight day. Nifty rose to 19,246 while Sensex was up at 64,422 with 2,164 rising shares, 943 falling and 98 unchanged. Heavy call writing was seen at 19,300 strikes with bulls fighting to hold on to gains.

Dean Kim, from William O'Neil + Co., believes that India is a potential investment opportunity; the S&P 500 & Nasdaq have cleared resistance and financial conditions are currently tight. Mid & small cap stocks, specifically Indian financials and techs, look promising. Large-cap financials still need time and TCS & Infosys may not outperform until US market further stabilises.

Spawn Ltd. is a south-centric small finance bank offering financial services to unbanked/underbanked customers, primarily in rural and semi-urban areas. ESFBL has 7.15 mil. customers, AUM & NII saw a CAGR of 29% & 41% respectively btw FY18-23; RoA&RoE improved during FY21-23. The IPO is priced reasonably when compared to peers providing opportunity for long-term investment returns.

Cash-strapped Pakistan and the IMF have begun negotiating for the release of USD 710 million second tranche under a USD 3 billion loan package. Positivity came from IMF's mission chief Nathan Porter, who appreciated Caretaker Finance Minister Dr Shamsha's commitment to meeting targets in the first quarter.

Electricity charges, bundled with rent or maintenance fees by real estate firms, malls or airports, will attract 18% Goods and Services Tax (GST). However, if electricity is supplied by residents’ welfare associations or real estate developers, on actuals or as charged by state electricity boards or discoms, it will not be taxed as it forms a part of the composite supply.

Nifty ended its first November series on a high, and levels of 19,170-19,160 will act as immediate support while 19360 as resistance. Bank Nifty 43,600-43,650 is crucial resistance. Analysts recommend long build up in Oberoi Realty for possible targets of 1260, followed by 1285; RECL TD to target 318, followed by 323. NMDC has long build up & should be accumulated with stop-loss of Rs 154.

PM Modi announced that India's food processing sector has attracted FDI of Rs 50,000 crore in the last 9 years. He also inaugurated a 'Food Street' and disbursed seed capital assistance to over 1 lakh self-help groups. The 3-day World Food Festival aims to showcase India as a food basket of the world and is expected to attract over 80 countries with over 1200 overseas buyers.

Despite an impressive surge in net profit in Q2, Dr. Lal PathLabs continues to face caution from brokerages. Shares were up 6.25% on NSE at 11.14 am. Results included a 26.9% EBITDA margin, 86% Y-o-Y growth in cash balance, 18%+ CAGR in revenue since FY19 and improvement of marketing efforts yielding positive responses for growth.

Shares of Container Corporation of India rocketed after it reported a 21.8% YoY growth in profits and 10.5% growth in revenue in Q2FY24 compared to same period last year. The Chairman and Managing Director claiming it was the highest results in its history, it paid a dividend of Rs 3 per equity share, record date of Nov 16 & stock has returned 9.68% in last 6 months.

Ratnamani Metals & Tubes saw its stock surge 6% to a 52-week high of Rs 2,984.05 in early trading on Nov 3 after posting strong Q2 results with a 66.3% net profit growth & 25.7% topline growth. EBITDA grew 65% & the company's stock has risen nearly 50% YTD.

Dilip Buildcon Ltd. saw a 78% surge in its stock in 6 months, after receiving multiple orders for roads/bridges/tunnels projects, including a Rs 1,275.30 cr contract in Ujjain and an Audireddipalle-Mallapalle highway project in Andhra Pradesh. On Nov 3, its share value increased to Rs 321 as per the company's announcement of likely fund-raising options on Nov 7.

Adani Power shares rose over 5% to a day's high of Rs 393 on the NSE, sustaining a two-day rally supported by strong Q2 performance with consolidated power sale volumes up 65%. EBITDA tripled due to increased sales volume, lower fuel costs and higher merchant tariffs. Gains are 8%, just shy of its 52-week high of Rs 409.

Paragon Fine & Speciality Chemical raised Rs 51.66 cr in their IPO which was oversubscribed by 205 times. They will use proceeds to fund factory construction, bring down debt and meet working capital needs. Anchor investors included Morgan Stanley, LC Radiance Fund VCC & more. In FY23, net profit jumped 120.3%, revenue grew 23.5%, EBITDA increased 118.5% & margins expanded 545 bps.

JK Lakshmi Cement Standalone reported an 11.51% Y/Y increase in net sales to Rs 1452.62 crore, and a 40.85% YoY increase in net profit to Rs 83.03 crore in Sep 2023. Its EPS grew to Rs 7.06 from Rs 5.01 in the same period. Total Income from Operations also increased 21% YoY toRs 193.63 crore.