Latest Stock Market News

In this article we delve into the significance of RSI, while exploring the intriguing case of 11 stocks whose RSI trended downward. We analyze these stocks, providing a comprehensive guide for investors seeking informed decision-making.

Other top crypto tokens were also trading higher on Wednesday. Solana rose 6.4%, while Toncoin surged 14%, and Dogecoin gained over 4%. BNB, XRP, and Polkadot also surged.

"As we continue to prioritize both loan disbursement and the endeavor to recover loans, we are optimistic regarding maintaining our Net Interest Margins (NIMs) at approximately 11%. While the increase in the interest rates have led to increase in borrowing costs, we believe the burden of the RBI repo rate hike is behind us."

GR Belgaum Raichur (PACKAGE‐5) Highway Private Limited and GR Belgaum Raichur (PACKAGE‐6) Highway Private Limited, wholly owned subsidiaries of the company, have executed the concession agreement for projects worth Rs 1,457.24 crore with the NHAI on August 29, 2023.

Gillette India, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 18023.05 Crore) operating in FMCG sector.

So far this year has gone very well for the auto industry. So, we have seen a record April, highest ever April, the highest ever May, highest ever June, highest ever July, looks like the highest ever August.

Explaining the reason for going public, the company said it is aimed at achieving the benefit of listing equity shares on the stock exchanges and carrying out OFS for the selling shareholders.

Promoters held 37.01 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 25.01 per cent and 9.14 per cent, respectively.

"On the consumer discretionary, I would still go with the Maruti in autos. Maruti can be a Rs 12,000 stock and yesterday the management said that in the next eight years, there will be a capex of almost Rs 50,000 crore. When big corporates put money where their mouth is, they are bullish on the longer term. And 12,000 on Maruti can easily be achieved by next Diwali."

“In the long term, our view is that the demand is going to increase to almost 80 million tons and there is about 4-5 million tons coming in capacity, we need to bring more capacities on stream and we will continue to maintain a very balanced approach to this market because customers need the material and we need to bring that on stream. That is it.”