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​So, India versus the rest of the world story continues. Of course, if the world really dips very sharply, then we will not be unaffected. But as of now, that is not the base case. We are expecting a soft landing in the US, which is okay for India. The theme, of course, continues to be within India, to stick to the domestic linked segments, not so much for the export linked segments or the globally exposed segments like energy, chemicals, metals, etc.

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As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 21.85 per cent and domestic institutional investors had 6.74 per cent.

Share price of REC falls as Nifty strengthens

Updated at : 2024-09-11 13:20:01

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A total of 174,669 shares changed hands on the counter till 12:17PM (IST).

The Relative Strength Index of the stock stood at 57.08 on Wednesday.

​We think we do not bother too much about it and we just focus. It is a noise. Noise will be there. You have seen market for years, how narrative and noise are different. ​So, people create noise, create narrative, and you see the reality is very different. So, we just remain focused what we do and beyond that what else we can comment.

By around 12 noon, retail investors led the demand, oversubscribing the issue by 12.4 times, while non-institutional investors followed with 8.4 times subscriptions. The portion allocated to qualified institutional buyers was subscribed 2 times.

Regreen-Excel EPC India Ltd has filed papers with Sebi for an IPO to raise funds. The share-sale includes a fresh issue of Rs 350 crore and an offer-for-sale by promoters. The proceeds will be used for debt repayment, bank guarantees, and corporate purposes. The company specializes in ethanol plant projects.

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The stock quoted a 52-week high of Rs 3710.0 and a 52-week low of Rs 1930.0.

Innomet Advanced Materials has launched its SME IPO, aiming to raise Rs 34 crore through a fresh equity issue of 34.23 lakh shares at Rs 100 each. The subscription period is from September 11 to September 13, with the shares expected to list on the NSE SME platform on September 18.

ONGC, Hindalco among 5 stocks with short buildup

Updated at : 2024-09-11 12:50:03

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A short buildup happens with rising open interest and volumes, while prices drop, signaling expectations of a decline. On Wednesday, five stocks saw new short positions.

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