Latest Stock Market News

PB Fintech Share Price: Shares of PB Fintech, parent of Policybazaar, surged by 3.5% on BSE after a likely 2.1% equity stake sale worth Rs 1,610 crore via a block deal, with Tencent reportedly being the seller. The stock has delivered impressive returns over the past year and reported a consolidated net profit of Rs 60 crore for Q1 2024.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 23.93 per cent and domestic institutional investors had 15.03 per cent.

Despite negative publicity from the Hindenburg report, Gautam Adani’s family wealth surged by 95% to Rs 11.6 lakh crore over the past year, adding Rs 5,65,503 crore, according to the 2024 Hurun India Rich List. As a self-made entrepreneur, Adani achieved the highest wealth growth among the top 10 over the past five years, increasing his net worth by Rs 10,21,600 crore despite the Hindenburg crisis.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the F&O segment.

A total of 3,581 shares changed hands on the counter till 12:02PM (IST)

A long buildup, marked by rising open interest and trading volumes with a stock price increase, signals a bullish trend. On Thursday, five stocks saw fresh long positions.

​Retail is something I would say it is a work in progress. They are growing, but still highly competitive business. Lot of, I think, things to do by Reliance in that particular business. So, I would not be surprised if your telecom business, which is your Jio platform, comes first and retail later.

Promoters held 30.3 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.08 per cent and 25.34 per cent, respectively.

Paytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment in its payment services business. This allows Paytm Payments Services Limited to resubmit its payment aggregator license application. This step is crucial as it lifts regulatory barriers and could enable Paytm to onboard new online merchants, boosting its business prospects.

SEBI is set to enforce stricter regulations and penalties for misleading disclosures and social media activities by SMEs, which have led to financial losses for retail investors. The warning follows a surge in oversubscribed SME IPOs, raising concerns about inflated stock prices and non-compliance with governance standards. This heightened action aims to protect investor interests.