Latest Stock Market News

On the technical charts, the RSI of the stock stood at 43.8.

​If you look at it, we are naturally hedged but 58% of a book is fixed rate and 42% is floating rate and you will start seeing the advantage of a fixed rate book with the declining interest rate and you will see NIMs expansion as a consequence of that.

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 237390.92 Crore) operating in FMCG sector.

The price action was accompanied with significant volume action as over 58.85 lakh shares were on the block around 10 am on the NSE.

MRPL is a Miniratna company for which analysts expect an upside rally in near term. MRPL stock has been a consistent mover over the past 12 months, giving returns of 82% and outperforming the Nifty50, which has returned nearly 12% during the same time.

As a basket of stocks, midcaps are still going to rule the roost and we are closer to year end where again the Diwali effect, the left out feeling is going to be humongous. So, the next two-three years belong to midcaps and we will take it from here till the election and Budget that they can still outperform.

The chart pattern suggests that bulls are here to stay and the rally could get extended towards 700 levels in the next 3-4 weeks, suggest experts.

The company also received the same work order from Western Railways for the Petlad-Bhadran (22.5 km) stretch of the Vadodara division. The Rs 174.27 core order, too, has to be completed in 24 months.

Policy instruments are meant to regulate the overall level of credit in the economy through commercial banks. Selective credit controls aim at controlling specific types of credit. They include changing margin requirements and regulation of consumer credit.

Promoters held 46.09 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 20.01 per cent and 17.26 per cent, respectively.