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The Nifty Realty index was trading 0.35 per cent down at 559.55.

Tata Power shares drop 0.52% as Sensex falls

Updated at : 2023-09-25 12:20:01

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On the technical charts, the RSI of the stock stood at 52.02.

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As of 30-Jun-2023, promoters held 43.92 per cent stake in the company, while FIIs held 14.22 per cent and domestic institutional investors had 2.4 per cent.

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Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 126698.80 Crore) operating in Diversified sector.

PI Industries shares down 0.67% as Nifty drops

Updated at : 2023-09-25 12:20:01

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A total of 2,709 shares changed hands on the counter till 11:47AM (IST).

Shares of Delta Corp, which operates casinos in India, fell nearly 20% following a tax payment notice from the government. The notice requires the company to pay Rs 11,140 crore along with interest and penalty for the period July 2017 to March 2022.

ANDA approval rate has been on a steady rise post-COVID, from the low of 540 in CY21 to ~700+ annual approvals in CY23E, backed by a reduction in approval timeline and clearance of the backlog.

According to Sandip Sabharwal, tough times for HDFC Bank are expected to continue for another 12 to 18 months. He suggests that the stock price may underperform or experience a sharp correction during this period. However, if the stock price reaches Rs 1,300, it would be a good opportunity to buy. He also explains why Bajaj Finance decided to raise funds despite having a high capital adequacy ratio.

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