Latest Stock Market News

The financial sector’s 14.5% YoY profit growth has significantly outpaced the 2.6% YoY growth of the entire universe. This trend is consistent across Nifty 50, smallcap, midcap, and largecap stocks.

​So, the one thing I would say is, it is always dangerous to do in our business because so much of the capacity is open and subject to the vagaries of the spot market.

As of 30-Jun-2024, promoters held 46.86 per cent stake in the company, while FIIs held 9.51 per cent and domestic institutional investors had 7.24 per cent.

Profit margin shows the percentage of sales turned into profits. ETMarkets examines companies that have sustained a profit margin above 10% for each of the past four quarters.

​The only variation may be that okay within midcaps the argument that you have also probably been hearing is between some more expensive stocks, less expensive stocks and technically, we can filter that out by looking for where are the divergences? If there are any loss of momentum on weekly charts or monthly charts, those are areas where we can sort of avoid certain stocks.

The pan-European STOXX 600 index held its ground at 512.74 points by 0711 GMT, after snapping a five-day winning streak in the previous session.

On the technical charts, the RSI of the stock stood at 60.98.

A total of 7,900 shares changed hands on the counter till 02:00PM (IST)

​Indian benchmark equity indices paused on Wednesday after a 4-session rally, reflecting similar trends in Asia. 5 Nifty50 stocks reached new 52-week highs today. Here’s the list.​

The stock traded at a P/E multiple of 64.93, while the price-to-book value ratio stood at 14.15.