Latest Stock Market News

On the technical charts, the 200-day moving average of the stock stood at Rs 1547.85.

A total of 346,393 shares changed hands on the counter till 02:04PM (IST)

Additionally, the Grayscale Bitcoin Trust (GBTC) recently achieved a trading volume of $800 million, further fueling positive sentiment in the market. Meanwhile, Ethereum traded above the $1,700 threshold, Edul added.

Mamaearth has fixed a price band of Rs 308-324 per share for its IPO, which closes on November 2. At the upper end of the price band, the company is valued at Rs 10,425 crore and is planning to raise Rs 1,701 crore through the public offer.

“Depending on the momentum and the opportunities that we get the amount of investments can be significant. We really do believe that it is a huge opportunity in this publishing initiative going forward and both Indian developers as well as global developers can benefit from it. Also, with Nikhil Kamath coming in, I hope that we will learn a lot from their success story and how they have approached business.”

The stock market exhibited notable activity as several major stocks reached new 52-week highs on October 30, underlining their momentum and growth potential. These achievements showcase the diverse opportunities available within the stock market.

The stock quoted a 52-week high of Rs 27284.85 and a 52-week low of Rs 21196.1.

Several major stocks outperformed their sectoral indices on a 1-week and 3-month basis as of October 27.

“The really good news for the bank is customer deposits are growing thick and strong for the bank, it is up like 44%. So, if not 44%, at least 40% is very much sustainable for the rest of the year. The route is very clear to us. As for ROA, there will be a year-on-year growth and it has moved out literally from 0 to 1 in four years.”