Latest Stock Market News

Zomato shares up 0.13% as Nifty gains

Updated at : 2024-08-30 14:35:01

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The stock quoted a 52-week high price of Rs 280.0 and low of Rs 96.47.

Major cryptocurrencies declined on Friday, with Bitcoin below $59,500 and altcoins like XRP and Solana dropping. The global market cap fell 1% to $2.08 trillion amid regulatory and earnings concerns.

Shares of Bharti Hexacom surged 6% on Friday to a high of Rs 1,245.70 on BSE after Citi initiated coverage with a buy rating and a target price of Rs 1,405. Citi highlighted the company as an attractive midcap telco with strong growth potential, a healthy balance sheet, and positive prospects for tariff hikes amid reduced competitive intensity.

Shriram Finance shares rise 0.05% as Sensex climbs

Updated at : 2024-08-30 13:30:02

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A total of 3,801 shares changed hands on the counter till 12:54PM (IST)

LTIMindtree shares down 0.49% as Nifty gains

Updated at : 2024-08-30 12:20:02

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The stock quoted a 52-week high price of Rs 6442.65 and low of Rs 4518.35.

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The Nifty Realty index closed 0.16 per cent down at 1034.5.

The FMCG sector experienced top-line growth due to a summer spike, despite challenges from the general elections. The outlook for H2 is positive, with anticipated revenue growth supported by rural recoveries. As sector rotations favor defensives, FMCG stocks are expected to attract investor focus.

​Especially when one is long term investor, one is looking to allocate capital from medium to long term perspective, it makes no sense to kind of keep looking for that. Idea is to invest into companies which have fundamental sustainable long-term growth, sectors which have a lot of tailwinds.

Natco Pharma shares surged 5% to Rs 1,569 after filing an ANDA with the US FDA for a generic cancer drug. The company aims for 180 days of marketing exclusivity.

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A total of 540,334 shares changed hands on the counter till 12:02PM (IST)

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