Latest Stock Market News

The Nifty Auto index closed 0.12 per cent down at 25495.25.

GMR Airports Infrastructure will acquire a 10% stake in Delhi International Airport Limited (DIAL) from Fraport AG for $126 million. GMR, which already holds 64% of DIAL, anticipates completing the transaction within 180 days.

Nifty opened flat, stabilized after volatility, and closed 0.34% higher at 24,936.40, driven by banks and FMCG stocks.

The financial ratios can be arranged in five broad categories, each focusing on different aspects of a company’s operations. Together, they offer a holistic picture of its health. Here’s a brief introduction of some of the important ratios under each category.

ET Markets, in an exclusive episode of IPO TALK, spoke with Saurabh Gadgil, Managing Director of PN Gadgil Jewellers, to understand how well the company is positioned at this point and what are the prospects.

The company generated a revenue of Rs 841 crore for FY24 registering a 42% growth over Rs 592 crore reported in FY23. Its reported PAT more than tripled to Rs 67.7 crore in FY24 compared to Rs 20.6 crore in FY23.

Arkade Developers’ IPO opens for subscription on September 16 and closes on September 18, raising Rs 410 crore through fresh equity. The issue allocates 50% to institutional buyers, 35% to retail investors, and 15% to non-institutional investors. Proceeds will fund ongoing and future projects.

​​Nowhere else is Unilever valued at that much. So, no buyer will actually want to pay the Indian level of valuations for that business. So, I do not think that will fly. So, they will have to demerge it. So that may produce some kind of value unlocking if there is some capital freed up or something that changes.

The Indian rupee ended little changed on Monday, as dollar sales by foreign banks offset the drag from Asian peers that fell due to weak risk appetite as investors awaited clarity on the size of a likely U.S. rate cut this month.