Aditya Birla Sun Life AMC reported a decline of 7% in net profit for the September quarter, as well as an increase in revenue by 8%, Operating Profit by 5% and QAAUM by 10%. Trading was down 2% in the morning session October 27. Total number of folios stood at 7.8 billion with investor presence globally. Moneycontrol.com advises users to seek investment advice from certified Experts.

Macrotech Developers is planning to launch 22 projects across India, of which two or three are expected to be luxury segments with units priced above Rs 25 crore. The potential revenue is estimated at Rs 12,000 crore with 25% from luxury segment. Over the past two years, traction in this segment has grown with 99% of buyers opting for bare shell units.

Karnataka Bank's board approved the allotment of 3,34,00,132 equity shares to 5 institutional investors at Rs 239.52 per equity share on a preferential basis. The bank received 99.79% favourable votes from shareholders & was able to raise Rs 800 crore - stock price is up 50% YTD & 144% returns in 1 year. NovaaOne Capital acted as exclusive financial advisor & Q2 results.

Asian Paints' stock fell 3% after reporting mixed Q2FY24, earning below expectation of Rs 1271 crore. Brokerages recommend a buy based on potential for volume growth rebound and margin expansion. Nuvama maintains a buy but cuts price target from earlier Rs 4,045 to Rs 3,505, citing risks from raw material prices and geo-political issues, as well as an unrecovered rural economy.

IND's financial markets have been struggling recently and foreign investors could continue net selling in October. The govt. has warned of spillover risks from US stock markets, but India's domestic fundamentals remain strong, with GDP growth exceeding expectations and retail inflation returning to the tolerance range. Meanwhile, the Centre's fiscal deficit is on track.

Colgate-Palmolive (India) shares dropped 0.81% in the NSE after the company reported its September quarter results, registering a 22.3% y-o-y growth in profit due to better-than-expected EBITDA margins & pricing efficiencies. Though revenue from operations grew 6%, it was below analysts' expectations, with flat volume growth indicating pricing-led growth that could open the door for competition.

Oberoi Realty's share price rose on October 27 after divesting its entire stake in joint venture company Sangam City Township. The purchase agreement was for 3,60,00,000 and the board of directors is meeting to consider approving financial results and declaring an interim dividend. In Q2 FY24, sales bookings declined by 17%. The stock has ranged from a 52-week high of 1206 to 790.

Gold traded range bound on Friday with a positive bias and a minor dip in the US dollar index. The price of gold & silver on MCX & Comex is expected to trade between $1980 & $1995 for gold and Rs. 60,500 & Rs.61,200 for gold and Rs 71,200 & Rs 72,300 for silver respectively. Intraday trading strategy - Buy at Rs 61,025 (gold) & Rs 71,380 (silver).

Umeshkumar Mehta, Momentum fund manager and chief investment officer of Samco Mutual Fund has seen more sell signals from automated systems in the past few sessions. Mehta said there are no visible sector trends and Profit-booking, as well as liquidity levels are likely reasons for these signals. He believes the momentum strategy is not about looking at fundamentals or valuation.

Novartis India Ltd. announced a shortage of its immunosuppressant drug 'Simulect 20 mg' and the share price dropped 3%. This drug is specifically used for kidney transplant patients to prevent organ rejection and each vial costs between Rs 67,500 - 68,000. To address cancer care models, Novartis India is investing 20% of their revenue towards research to "extend life" for cancer patients.

Geojit's report on Agri Picks Farmers in Andhra Pradesh have sown rabi crops over 47,000 ha as of Wednesday, up 6.8% from 44,000 ha a year ago, according to the state government data. The area under bengal gram was 28,000 ha higher than 7,000 a year ago, the report showed. The area under pulses was 10% higher at 33,000 ha as of now, while that of black gram acreage was down.

Top global brokerage firms have given a buy rating on three popular Indian stocks. Jefferies maintained a buy rating on Colgate-Palmolive India with a target price of Rs 2320; HSBC was bullish on Shriram Finance and Asian Paints with an upward revision of the target price to Rs 2300 and Rs 4000 respectively; UBS also recommended a buy on ACC with a target of Rs 2450.

The Indian market is expected to trade higher Friday amid positive global cues and increased volatility. Analysts suggest options data indicates a broad trading range of 18300-19400 and an immediate trading range of 18500-19000 zones. Pritesh Mehta, Lead Technical Analyst at YES Securities, recommends buying Voltas and Torrent Pharma and selling Bata Industries as short-term trades.

Indian equity markets rose on Friday, with the BSE Sensex gains of around 500 points and Nifty trading at 19,000. Buying was seen across sectors, and individual stocks such as Karnataka Bank (up 5%) and Vodafone-Idea (3%) saw higher trade. US Q3 GDP grew at 4.9% annualized with consumer spending at highest since 2021. Global markets reacted positively based on Amazon earnings relief.

Canara Bank reported a 42.8% surge in net profit for the second quarter that led to a 3% rise in share prices to Rs 370 apiece. NII was up 20% and the bank's NIM was higher by 19 basis points with a 53 point reduction in cost-to-income ratio. Gross and net Non-Performing Assets were reduced, and total deposits and domestic advances had grown 8.22% and 12.59%.