Latest Stock Market News

According to Trendlyne data, as many as 10 BSE Smallcap index stocks have paid up to a 38.4% dividend yield in the past one year.

Tata Power Company Ltd. key Products/Revenue Segments include Power Supply, Project Management Fees, Other Operating Revenue, Power Distribution Net Work, Income from Finance Leases and Fly Ash for the year ending 31-Mar-2024.

The stock quoted a 52-week high price of Rs 1117.05 and low of Rs 531.05.

Northern Arc Capital, a prominent non-banking financial company (NBFC) specializing in retail loans, achieved an impressive IPO response with a subscription rate of 117.19 times. Analysts highlighted that its commitment to serving underserved households and businesses positions it favorably in the competitive Indian retail lending market.

Western Carriers Share Price: Proceeds from the fresh issue will be used to repay borrowings, fund capital expenditure towards the purchase of commercial vehicles, containers, and reach stackers, with the remainder allocated for general corporate purposes.

Trideep Bhattacharya, CIO of Edelweiss MF, discusses the benefits of flexi cap mutual funds in the current market. He highlights the balanced valuation comfort of largecaps and the earnings growth potential of mid and smallcaps. Key sectors include NBFCs, real estate, IT services, capex cycle stocks, power supply chain companies, and rural consumption firms.

Shares of NALCO surged the highest, ie, 5% to day’s high of Rs 189.85, NMDC’s shares increased by 4.5% to Rs 225.45 while those of SAIL gained 3% to Rs 133.60.

GPUIL’s thermal assets are operating at 80% PLFs on the back of domestic coal tie-ups, 90% supply through PPAs at reasonable tariff and peak power demand.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 3.23 per cent.

Domestic markets have experienced a relentless bull run this year, with key indices reaching record highs driven by solid macro fundamentals and discussions about easing the interest rate cycle. The rally has been broad-based, including small-cap and mid-cap stocks trading near their 52-week peaks. However, around 25% of small-cap stocks in the BSE Smallcap index have faced price corrections in 2024, according to Ace Equity data.