Latest Stock Market News

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

Dhirendra Kumar, CEO of Value Research, emphasizes the growing role of SIPs and NPS in equity investments. He advises new investors to start with aggressive hybrid funds to handle market volatility. Kumar underscores the importance of asset allocation and rebalancing, particularly after significant market growth post-COVID. Kumar says that most people think SIP is for return only. But it is much more than that.

The Relative Strength Index of the stock stood at 51.43 on Monday.

Despite the broader market weakness, seven Nifty50 stocks reached new 52-week highs.

In 2024, the primary market saw significant activity with 62 companies raising Rs 64,477 crore through IPOs. SMEs also had a strong presence, with 165 firms raising Rs 5,500 crore. Vibhor Steel Tubes and Manba Finance led the top IPO subscriptions, reflecting robust investor interest across sectors.

Cryptocurrency markets fell on Monday tracking global equities as geopolitical tensions and economic uncertainty weighed on investor sentiment.itcoin dropped 1.6%. Ethereum declined below the $2,650 level.

Five Nifty 50 companies (Nestle, Britannia, Coal India, TCS, Infosys) show consistent ROE improvement over four years, indicating strong profitability and management efficiency.

Promoters held 23.74 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 56.98 per cent and 12.19 per cent, respectively.

A total of 77,438 shares changed hands on the counter till 02:03PM (IST).

The stock quoted a 52-week high price of Rs 5582.85 and low of Rs 3300.0.