Latest Stock Market News

Shriram Finance declines 0.27% as Sensex climbs

Updated at : 2023-11-16 14:30:01

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The stock traded at a P/E multiple of 11.59, while the price-to-book value ratio stood at 1.08.

“If somebody can put their money in the bank and get 5%, it is difficult to put more money into India or for that matter, any other market. So there is a great sucking sound that is taking place around the world. The US dollar is so strong against currencies around the world but this is temporary. Interest rates will come down eventually and you will see money coming back in.”

Brokerage Motilal Oswal has upgraded EPS estimates of nine Nifty stocks. The list includes state-run Coal India, auto major Maruti Suzuki and JSW Steel. Coal India topped the charts with an EPS upgrade of 18.1%. Others with over 5% upgrades include Maruti Suzuki (10.2%), JSW Steel (8.2%), Cipla (7%), Hero MotoCorp (6.9%) and Mahindra & Mahindra (5.3%).

Trent shares fall 1.33% as Nifty gains

Updated at : 2023-11-16 14:30:01

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A total of 10,910 shares changed hands on the counter till time (IST).

The Relative Strength Index of the stock stood at 62.99 on Thursday.

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“In the capital goods space, Cummins, Thermax, Bharat Forge and L&T are four of the choicest names. You can add an ABB. Three insurance names – SBI Life, ICICI Pru, and HDFC Life – in tandem could be very good wealth creators over a period of time and this distribution channel, particularly brokers, exchanges, insurance and the AMCs are a very good long-term bet.”

During this rally, 5 midcap stocks managed to hit new 52-week highs

Indian Hotels shares drop 0.25% as Sensex rises

Updated at : 2023-11-16 13:25:02

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The stock quoted a 52-week high of Rs 436.25 and a 52-week low of Rs 280.2.

A total of 3,260 shares changed hands on the counter till 12:54PM (IST)

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