HMPV in Mumbai: A six-month-old baby in Mumbai tested positive for human metapneumovirus (HMPV) and was admitted to an intensive care unit last week. Hiranandani Hospital reported the case to local authorities on January 1, but civic health officials have yet to receive the notification.
Spandana Sphoorty share price: Trendlyne data shows that 3 out of 7 analysts have given a ‘strong buy’ recommendation for the stock, while 1 analyst recommends a ‘buy’. Additionally, 3 analysts suggest a ‘hold’ rating. The average 12-month target price is Rs 534, implying a potential upside of 16% from current levels.
A total of 74 shares changed hands on the counter till 10:35AM (IST).
The Nifty IT index was trading 1.31 per cent at 42808.30.
HMPV Virus: Kannadigas in China are dispelling rumors of a human metapneumovirus outbreak. They report normal life, with open malls, mask-free faces, and calm hospitals. Videos show empty corridors with no signs of panic. They urge people to avoid spreading misinformation and reassure their friends and family in Karnataka that there is no cause for alarm.
A total of 1,761 shares changed hands on the counter till 10:30AM (IST)
The 30-share BSE Sensex was down 408.26 points at 77790.85
The stock traded at a P/E multiple of 61.01, while the price-to-book value ratio stood at 6.63.
The Nifty Auto index was trading 0.4 per cent at 23389.30.
These stocks belong to different sectors such as telecom, information technology, banking, and finance.
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The auto sector is facing mixed performance in Q3, with passenger vehicles benefiting from festive demand, while two-wheelers and commercial vehicles struggle due to inventory corrections and weaker demand. Tractors saw strong growth, with Mahindra & Mahindra expected to lead. Analysts favor Maruti Suzuki and M&M, while TVS Motor is preferred for two-wheelers.
A total of 950 shares changed hands on the counter till 10:20AM (IST).
The Nifty Bank index was trading 0.18 per cent at 50113.60.
Wildfires erupting across Los Angeles on Tuesday caused major destruction and evacuations in Pacific Palisades and Altadena's Eaton Canyon. High winds and dry conditions fueled the fires, with major roads closed and thousands forced to flee. Authorities continue to investigate the causes while battling the flames.
ETMutualFunds analyzed the two-year performance of debt mutual funds alongside SBI’s 7% fixed deposit rate. Around 215 debt funds outperformed SBI’s FD rate, with the top performers in the credit risk fund category. DSP Credit Risk Fund delivered the highest return of 11.65%, while Aditya Birla SL Credit Risk Fund provided 9.45% during the same period.
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Taiwan is investigating a ship suspected of damaging an undersea internet cable, with suspicions of links to China. The damaged Trans-Pacific Express Cable, connecting Taiwan to global networks, was reported by Chunghwa Telecom. Taiwan's Coast Guard intercepted a vessel operated by seven Chinese nationals near the northern city of Keelung. The incident highlights ongoing tensions between Taiwan and China and raises concerns over the vulnerability of Taiwan's infrastructure.
The 30-share BSE Sensex was down 198.03 points at 78001.08
Companies with lower EV sales can "pool" their emissions with sector leaders, purchasing emissions credits from other manufacturers to lower their overall averages. The move could save them hundreds of millions of euros in penalties.
Nuvama maintains a defensive portfolio, overweight in private banks, insurance, and sectors like pharma and cement, while underweight in industrials and PSU banks due to potential downgrades. CLSA favors commodities and insurance, while underweighting IT and industrials. CLSA also increased its focus on staples, adding Tata Motors, NTPC, Nestle, and Britannia, and removed HDFC Bank from its portfolio.
Lokayukta sleuths in Bengaluru conduct raids on eight government officers accused of accumulating assets disproportionate to their known incomes, including a Joint Commissioner of the Transport Department. Raids target multiple locations such as homes and offices of the officers across Bengaluru and other regions.
Axis Securities sets a target price of Rs 700 for Varun Beverages. The current market price is Rs 617.8. The company's growth is driven by acquisitions and expansions. This includes increasing its presence in South Africa and DRC, expanding its snacks portfolio, and focusing on distribution in rural areas. Product diversification is expected to support long-term profitability.
The 30-share BSE Sensex was down 140.63 points at 78058.48