Latest Stock Market News

A total of 140,874 shares changed hands on the counter till 01:39PM (IST)

Around noon, retail investors showed the highest demand, with 62% of the issue being booked. Non-institutional investors followed, subscribing to 14%. Meanwhile, the qualified institutional buyers segment received just 4,216 bids out of the 43.86 lakh shares reserved for them.

This suggests that more traders anticipate a price drop and are building short positions.

The stock quoted a 52-week high of Rs 2284.15 and a 52-week low of Rs 1266.0.

The Nifty Auto index was trading 0.42 per cent down at 25420.75.

Sandeep Bhatia, Managing Director at Macquarie Capital, explains that Indian equity markets has remained stable due to strong domestic investment habits and liquidity. He discusses the impact of government and private sector capex, rural recovery, and upcoming elections on market trends while highlighting global risks that could affect overall stability.

As of 30-Jun-2024, promoters held 45.25 per cent stake in the company, while FIIs held 17.03 per cent and domestic institutional investors had 19.35 per cent.

Ather Energy, an Indian manufacturer of electric two-wheelers, has submitted a draft red herring prospectus for an IPO, which includes a fresh issue of shares valued at Rs 3,100 crore ($369.4 million), the company announced on Monday.

A total of 4,910 shares changed hands on the counter till 12:53PM (IST)

Jeyyam Global Foods Share Price: Jeyyam Global Foods made a flat debut on the NSE SME platform with a listing price of Rs 61, matching its issue price. The IPO received strong investor interest, being subscribed over 100 times. The company plans to use the proceeds for working capital, capital expenditure, and general corporate purposes.