Latest Stock Market News

Central Bank of India Q2 Results: Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.

The stock quoted a 52-week high price of Rs 494.85 and low of Rs 230.75.

Gurmeet Chadha, CEO of Complete Circle Consultants, talks about the early trends in the festive season, auto stock performances, and valuations. He highlights the potential of auto stocks like TVS, Bajaj Auto, and auto ancillaries like Sandhar Technologies and Uno Minda. He mentions the importance of earnings consistency and the impact of festive sales on stock valuations.

This has come very close to 200-day exponential moving average. If that gets broken below 12,000, more weakness can come in in this stock as well.

Shares of IT companies like Mphasis and Tech Mahindra climbed up to 5.5% on the NSE today ahead of the second-quarter results from Infosys, Wipro, and LTIMindtree.

As of 30-Jun-2024, promoters held 25.0 per cent stake in the company, while FIIs held 54.28 per cent and domestic institutional investors had 10.18 per cent.

Nestle India Share Price: Shares of FMCG giant Nestlé India dropped 4% to a low of Rs 2,364.80 on the BSE after the company reported a slight decline in Q2 net profit to Rs 899 crore, down from Rs 908 crore year-on-year, marking a 1% YoY decrease.

A total of 22,632 shares changed hands on the counter till 01:48PM (IST)

Despite a slight market correction, Prabhudas Lilladher identifies 20 stocks across large, mid, and small-cap segments with potential returns up to 30%. These include Ambuja Cement, Bharti Airtel, ICICI Bank, and Reliance Industries among others. Investors are encouraged to consider these opportunities for future growth amidst festive optimism and geopolitical uncertainty.