Latest Stock Market News

Datamatics advances its copilot innovation by customizing solutions for each organization with support for Microsoft 365 or creating custom copilots for each unique client organization, which enables organizations to maximize the potential of copilots through a personalized, consultative approach rather than a one-size-fits-all method.

The NCDs are rated CARE A+ (Positive) by CARE Ratings Ltd., offering an effective yield of up to 9.9% annually across eight series. Investors can participate with a minimum investment of Rs 10,000, or 10 NCDs, with further investments in multiples of Rs 1,000. The bonds are available in tenors ranging from 2 to 5 years.

On the technical charts, the RSI of the stock stood at 50.66.

The stock quoted a 52-week high price of Rs 1826.2 and low of Rs 1002.7.

As of 11 am, the issue was subscribed eight times by the non-institutional investor (NII) category. The retail investor category was subscribed nearly 2.5 times while the qualified institutional buyers subscribed to the issue by 4%.

I would say the pockets where I can see some good balance is, as we discussed financials, especially the lenders, which have gone through a bit of a squeeze in the last few quarters but things are looking up going forward and typically, we have seen the markets do tend to discount good news or bad news a little bit in advance.

As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.

Nilesh Shah of Kotak AMC advises focusing on quality over momentum in stocks and advocates for high-floating stocks and diversified ownership shares. He emphasizes the current reasonable valuations in the IT and FMCG sectors while suggesting a wait-and-watch approach for private banks and chemicals. He cautions against overpaying for small-cap stocks driven by market froth.

A total of 1,385 shares changed hands on the counter till 02:05PM (IST)

Orient Technologies Share Price: Despite the listing being below grey market expectations, the IPO was oversubscribed 152 times, showing solid investor confidence.