Latest Stock Market News

Kross Ltd Share Price: Kross Ltd has raised around Rs 150 crore from 19 anchor investors ahead of its IPO. Marquee anchor investors who participated in the anchor round include EastSpring Investments, Matthews Asia Funds, LIC MF, ICICI Prudential, Axis MF, Kotak Mahindra Trustee, Alps/ Kotak, Invesco India, Motilal Oswal among others.

Shares of rice companies like KRBL, LT Foods, and Kohinoor Foods surged up to 15% on BSE after the government removed the $950/tonne minimum export price for basmati rice, boosting global demand.

Promoters held 0.79 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.1 per cent and 11.86 per cent, respectively.

The stock quoted a 52-week high of Rs 697.0 and a 52-week low of Rs 486.75.

Some amount of luxury travel, mid-luxury travel, like Lemon Tree Hotels, Indian Hotels, all that will benefit. I think that is the way we are approaching rather than pure FMCG as a sector.

Shares of Macrotech Developers rose 5% to Rs 1,297.60 on BSE after Nomura initiated coverage with a buy rating and a target price of Rs 1,600. The firm expects strong earnings visibility and pre-sales growth at 20% CAGR over FY25-26, supported by solid operating cash flow and low net debt.

A total of 16,315 shares changed hands on the counter till time (IST).

Northern Arc Capital IPO: The initial public offering (IPO) of Northern Arc Capital will be available until September 19. The company has secured Rs 228 crore from anchor investors prior to the issue. The price band for the shares is set between Rs 249 and Rs 263, with investors able to bid for 57 shares per lot.