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sme ipos soar as major players struggle in indian market

India's IPO market is thriving, particularly among small and medium enterprises (SMEs), with nearly 600 IPOs launched this year, and 87% of SME IPOs in the first half of 2024 yielding positive returns. In stark contrast, major IPOs from well-known companies like Hyundai Motors and Ola Electric have struggled, with many failing to outperform the CNX 500. Experts warn that the current enthusiasm for smaller firms may be leading to inflated valuations, highlighting a shift towards thrill-seeking investments over solid fundamentals.

Colgate-Palmolive faces challenges as growth expectations are revised downward

Emkay Global Financial maintains a REDUCE rating on Colgate-Palmolive, citing a challenging growth environment and waning pricing power that may hinder margins and earnings. Following disappointing Q2 results, earnings estimates for FY25-27 have been cut by 5-8%, leading to a revised target price of Rs 3,000. The firm emphasizes the need for business diversification, particularly in personal care, despite potential margin dilution.

stock futures steady as s and p 500 ends three day decline

Stock futures showed little movement after the S&P 500 ended a three-day losing streak, with futures for the index and Nasdaq 100 both up less than 0.1%. L3Harris shares surged over 4% following strong earnings, while Dexcom fell despite beating expectations. The Dow lagged, dropping over 140 points, primarily due to declines in IBM and Boeing, as all major indexes are set to end the week with losses, breaking six-week win streaks. Investors are awaiting earnings reports and economic data releases on consumer sentiment and durable goods.

earnings season heats up as economic indicators signal mixed trends

Earnings season is in full swing, with major companies like Tesla, IBM, and General Motors set to report this week. The S&P 500 has seen a 23% gain this year, and earnings are expected to grow 5%-7% this quarter, led by Information Technology, Communication Services, and Healthcare sectors.Economic indicators are also in focus, with Durable Goods orders anticipated to fall 4.5% year over year. Retail Sales exceeded expectations in September, rising 0.4%, while mortgage rates have climbed to 6.44%. The next Fed rate decision is expected on November 7, with a 90% chance of a 25-basis-point cut.
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