Latest Stock Market News

Godfrey Phillips India s shares witnessed a flurry of activity as September 16 marked the last day to qualify for the company s 2:1 bonus issue. Investors who were shareholders by the September 15 record date will receive two extra shares for each share owned. The stock has shown impressive growth this year, delivering a 101% year-to-date gain, signaling strong investor confidence.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.

Redtape Share Price: The Income Tax Department’s ongoing probe into Redtape has entered a forensic audit stage, with officials examining seized documents, devices, and recovered digital data. Findings reportedly point to undisclosed income worth several crores, keeping investors alert to possible market impact when trading resumes.

GHV Infra Projects share price: GHV Infra Projects has announced a 3:2 bonus issue and a 1:2 stock split, with Monday being the last day to buy shares for eligibility. The move is aimed at boosting liquidity and making the stock more accessible to investors.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

RailTel share price: RailTel has bagged a Rs 210 crore order from Bihar Education Project Council under the PM SHRI scheme to supply digital infrastructure and related services aimed at enhancing education quality in the state. The project is slated for completion by September 2026.

Atul Bhole from Kotak Mutual Fund suggests that the Indian stock market s risk-reward is now favorable after a period of correction. He recommends deploying cash into equities, anticipating double-digit earnings growth driven by government reforms, GST, and addressed liquidity issues. Despite underperforming other markets, domestic flows remain strong, making IT sector a contrarian investment opportunity.

Futures open interest surged over 5.5% across six NSE F&O stocks, including NBCC, HFCL, Lodha Developers, and KPIT Technologies, indicating fresh long positions and heightened market participation. The rise suggests increased trader conviction and potential momentum in these counters.

SEBI s reclassification of Indian REITs as equity instruments is poised to boost the real estate sector. This move aligns India with global practices, paving the way for index inclusion and increased institutional investment. The decision is expected to enhance liquidity, broaden investor participation, and attract significant capital inflows into the growing Indian real estate market.