Bosch Ltd hit a fresh 52-week high & broke an 8-year falling trendline and 4-year consolidation last week. Trendyne data suggests it is likely to continue its momentum, with experts recommending a buying opportunity in the range of 20,400-19,700 for a possible target of Rs 24000 in 3 months, with a stop loss of 18,500.

Jio Financial Services Limited appointed AR Ganesh, former ICICI Bank executive, as the Group Chief Technology Officer. With 13 years experience at ICICI Bank most recently as Chief Information Security Officer, he brings expertise in domains including Cybersecurity, Enterprise IT, Service Delivery and Banking Software product management.

Jio Financial Services (JFSL) reported 101% QoQ growth in profit to Rs 668 crores and its stock jumped 4% to a day's high of Rs 233.5 despite being trading below its listing price at Rs 265 and Rs 262. Holding 3.56% stake in RIL through its 100% subsidiary, JFSL recorded Rs 2.17bn dividend income in consolidated other income and Rs 1.54bn in associate income.

Data Patterns' stock price increased 6% on the BSE due to a licensing and transfer of technology agreement with IN-SPACe for miniature synthetic aperture radar technology which will enable the company to enhance its remote sensing capabilities. This technology has been developed at ISRO and will be used to generate high-resolution images from space and collect data both during day and night.

Ola Mobility Institute (OMI) Foundation launched EV-Ready India Dashboard to provide essential macroeconomic data & analysis for India's electric mobility sector. It offers insights into charging infra, demand trends, TCO comparisons & measures emissions avoided. Dashboard predicts over 1.6 crore deployments in India by 2030 & highlights Maharashtra & Delhi have most charging stations.

Stockbrokers, meeting certain criteria, have been directed to register on the 'Cyber Swachhta Kendra' Platform in order to prevent cyber-attacks. The platform provides information and tools to disinfect computing devices using free-of-cost malware and botnet cleaning tools. Other members can also voluntarily subscribe to its services.

Cyient DLM opened 6% higher on Oct 17, a day after reporting healthy profit and revenue for the Sept quarter. Profit increased 106.4%, PAT 41.7% and revenue 71.5%, while EBITDA was up 0.5%. The company won new contracts worth $16.4 million in aerospace, defence & industrial vertical. Analysts have given 'add' call with target of Rs 880.

Tesla's margins are set to take a hit due to price cuts due to weak demand in a higher interest rate environment and competition from China's BYD. Record deliveries, margin projections, cybertruck prices, FSD and Mexico Factory details will all be closely watched as investors look for answers when Tesla releases their earnings.

PV retail wholesales in the domestic market rose to an all-time high of 10.74 lakh units in the July-September quarter of 2023, largely driven by robust demand for multi-utility and sports utility vehicles, according to SIAM. The growth means that for the first time ever, domestic PV wholesales exceeded 20 lakh units in the April-September period.

Wells Fargo and JPMorgan Chase & Co. are leading the largest Wall Street banks in tapping the US investment-grade market after posting strong third-quarter earnings and raising outlook guidance. The average spread on a financial institution bond is 145 bps wider than the broader index. Banks may be borrowing despite higher costs in order to meet TLAC requirements..

Sun Pharma has recalled 144 bottles of their anti-depressant medicine from the US markets due to failed dissolution specifications. The product was manufactured at Sun Pharmaceutical Industries in Halol-Baroda Highway, Gujarat and the recall was classified as a Class-III recall by the US FDA. Sun Pharma expects to release its Q2 earnings on November 1st which could be affected by this recall.

Two of the largest foreign investors, Bank of America Securities and Societe Generale, sold part of their stakes in casino operator Delta Corp on Monday through bulk deals. Delta Corp had earlier been hit with several GST notices amounting to Rs 11,140 crore in tax arrears. Market expert Sanjiv Bhasin remains positive about the stock’s future potential.

HDFC Mutual Fund recently took a substantial stake in Aditya Vision, an electronics retailer based in Patna. The stock of the company has doubled in the past six months and is expected to experience further growth due to outreach into new areas, increasing per capita income and electrification, and successful marketing strategies such as hiring influencers.

Maruti Suzuki India Ltd. announced plans to issue 1.23 crore shares of Rs 5 face value to Suzuki Motor Corporation on a preferential basis. The consideration for the 100% purchase of SMG's equity shares is payable in equity shares at a price of Rs 10, 420 per share. Maruti's stock was trading at Rs 10, 636 at 10:30am on Oct 17th. This marks an ongoing story worth watching.

Fed Bank's quarterly net profit rises to Rs 954cr, registering 35.5% rise; provisions decline 84%. NIM at 3.16%, down 14bps y-o-y; deposits rose 23%; retail advances up 18%; corporate advances up 14.9%; CASA at 31.2%; capital adequacy ratio at 15.5%. Share price falls 0.7% on BSE.