Latest Stock Market News

Brent crude oil futures were up 55 cents to $91.26 a barrel by 1:01 p.m. EDT (1701 GMT), after falling to a session low of $89.50, the lowest price since September 8

Loans and advances as of September 30 stood at Rs 2.11 lakh crore, up nearly 10% on year and 5.2% sequentially. The gross retail disbursements for the quarter was Rs 11,187 crore, compared to Rs 12,094 crore a year ago, and Rs 11,305 crore a quarter ago.

The diversified business of the Godrej Group is managed by two factions — Godrej Industries & Associates and Godrej & Boyce Manufacturing Co. While Godrej Industries & Associates is led by Adi Godrej and his brother Nadir Godrej, Godrej & Boyce is managed by cousins Jamshyd Godrej and Smitha Godrej Crishna

The IPO of Exicom Tele Systems comprises a fresh issue of Rs 400 crore and an OFS of 74 lakh shares

Stock split, particularly in high value stocks, helps in improving liquidity in the counter while also rewarding stakeholders. The “Maggi” noodles maker has been one of the best performing Nifty 50 stocks in 2023. It has given nearly 14% returns year-to-date, and touched a 52-week high of Rs 23,395.35 in July

JSW Infra has announced plans to maintain a debt to EBITDA ratio of 2.5 in the coming years. The company, which recently had a successful IPO, is already virtually debt-free due to the cash generated from the IPO. It plans to use the proceeds for growth prospects such as the modernization of a container terminal and the development of greenfield ports. The revenue potential from these acquisitions is still unknown, as bidding is still ongoing. JSW Infra aims to maintain its debt levels while expanding its capacity based on successful bids and acquisitions.

Sectorally, buying was seen in capital goods, consumer durables, and realty stocks while oil & gas, auto, energy, and power stocks saw some selling. We have collated the list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout

The higher the EBITDA per tonne, the higher the profitability of the company and the higher the competitive advantages