Latest Stock Market News

The firm launched its share sale on Aug. 29 and set the share price at 100 Ugandan shillings. It had initially announced bonus shares of various sizes ranging from 1-37 for different categories of investors.

Wiping off over Rs 5 lakh crore of investor wealth in just one day, Sensex lost another 800 points today, taking the total loss in the month so far to 2,600 points. In terms of market capitalisation of all-BSE listed stocks, investors have been left poorer by Rs 9.8 lakh crore in the month.

A total of 29,882 shares changed hands on the counter till 01:08PM (IST)

The Relative Strength Index of the stock stood at 39.28 on Thursday.

Promoters held 51.14 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 17.18 per cent and 18.85 per cent, respectively.

Most analysts have a subscription recommendation on the IPO, which is entirely an offer for the sale of 2.42 crore shares. Under the OFS, promoters Akshay Bansarilal Arora and Shiven Akshay Arora will offload the shares.

The stock traded at a P/E multiple of 50.65, while the price-to-book value ratio stood at 5.77.

The stock market witnessed significant activity as several BSE 200 stocks reached new 52-week lows on October 26.

RIL Q2 Preview: Net profit for the September quarter is likely to show a solid growth of around 25% year-on-year, according to an average estimate of three brokerages. Revenue from operations, however, is likely to grow marginally (2-3%) or even decline by 2% to 2.25 lakh crore.

The correction came after a 20% rally in the BSE shares over the last four trading sessions. On Wednesday, the stock also hit its 52-week high of Rs 1,828.