Latest Stock Market News

In the latest mutual fund analysis conducted by ETMarkets, we found out that 15 stocks saw a reduction in holdings by more than 10 mutual fund schemes in August compared to July.

A total of 5,297 shares changed hands on the counter till 01:54PM (IST).

Out of the 105 SME IPOs that got listed on Dalal Street so far in the calendar year 2023, a majority 84 have given positive returns. This translates into a win rate of 80%, which means four out of every five SME IPOs made money.

Promoters held 41.94 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 25.22 per cent and 15.97 per cent, respectively.

Bitcoin is currently probing support at the 26,000 level, a breach of which could trigger negative sentiment. Still, there remains a glimmer of hope for a positive rebound should this support remain firm. Overall, from a technical perspective, the medium to long-term outlook for Bitcoin leans slightly towards positivity.

"We are fully invested today. However, since the market has been running up one way for a while, we expect some bumps. But these bumps are more like time correction or probably 4%, 5% correction in a very short space . That would not really hamper the overall trend in the market. We tell our clients that if you want to come into the markets today, just strangle it over a period of time, say 4-5 months as such and play it from there."

A total of 1,409 shares changed hands on the counter till 12:23PM (IST).

The stock quoted a 52-week high price of Rs 1239.8 and a 52-week low of Rs 658.0.

Medium to long-term investors can look to buy the stock now as it could well double from current levels in the next 1-2 years, suggest experts.