Latest Stock Market News

A total of 11,983 shares changed hands on the counter till 01:04PM (IST)

We are not wired to see risks, which makes us undermine various risks we are exposed to. So, people often think that if I don’t raise a claim at some point in time, then what is the use of insurance?

On the Comex, gold futures were trading at $2,049.20 per troy ounce, up by $1.30 or 0.06%, while silver futures were hovering at $22.670 per troy ounce, up by $0.034 or 0.150%.

​If there is overall market correction, the under performance of the previous cycle tend to also correct and that could give opportunities because ultimately consumption cannot remain so low for two-three years when the overall economy is doing decently.

The stock traded at a P/E multiple of 43.41, while the price-to-book value ratio stood at 5.03.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 15.71 per cent and 13.61 per cent, respectively.

Sequentially, the topline rose just 1.1%, while the bottomline dropped by nearly 15%. The mainstay edible oils business reported a 15.3% drop in revenue to Rs 5,483 crore, while the FMCG business reported a sharp 64% growth in revenue to Rs 2,499 crore.

I think store on store growth is improving consistently. So when are we going to break even, I think we have assured all our investors that within the next six quarters, we will break in on the whole, with both online and offline, both of them showing profitability.

A top financial analyst said that the KSE-100 index has plummeted because investors were looking to sell instead of buying due to the uncertain situation created after the elections. Another senior analyst said the investors wanted a stable government to be formed and the end to the political uncertainty.

​So for India, that is not such a problem because the Indian economy, of course, is also doing very well. It is in a virtuous cycle of improving nominal growth, earnings growth, capital inflows. So the currency is far more resilient in the face of dollar strength than in the past.