Latest Stock Market News

Commodity and currency expert Neha Qureshi, Senior Technical & Derivative Analyst at Anand Rathi said that mentha oil prices have seen a dramatic rise in the last couple of weeks as supply-side fundamentals are seen tightening amid an expected drop in output during the 2023-24 season. "Output of this oil is seen declining for a second straight year and thus carryover stocks will shrink further by the end of the season," Qureshi said.

Among key players, ICICIGI grew 22% YoY in July ’23 (higher than the industry growth), whereas Star Health reported a GWP growth of 17% YoY. Bajaj Allianz clocked a GWP growth of 51% YoY (aided by exponential growth in government health business), whereas New India reported a YoY growth of 9%.

"Bitcoin has been trading around the $26000 threshold over the weekend. However, the price of Bitcoin and market sentiments have been improving after there was positive commentary from JPMorgan analysts who said that Bitcoin’s downtrend could be ending," said Edul Patel, CEO and co-founder of Mudrex.

Notwithstanding the yearly returns, ETMarkets found seven stocks that have shown over 15% price growth in each of the last five months of the current fiscal year.

“We have got the real estate business in Miami, Florida. We have secured three projects up till now. We are doing mixed-use development over there in terms of residential housing. We are even coming up with high-end villas and we are anticipating the projects to start by this March and all the projects are under the approval status.”

A total of 7,394 shares changed hands on the counter till 01:49PM (IST)

Under the proposed buyback of shares, L&T will take back 3.3 crore shares from shareholders at a maximum price of up to Rs 3,000 apiece, a 17% premium from the market price from the date of announcement.

In the ever-changing landscape of stock trading, understanding the Relative Strength Index (RSI) can be a game-changer for investors. This article explores the significance of RSI and its role in assessing stock movements. Highlighting a recent report from StockEdge, we delve into 10 stocks that are currently trading in the overbought zone. These insights equip potential investors with valuable knowledge to make informed decisions.

Analysts recommended investors to subscribe to the issue as the company has a healthy order book and industry tailwinds are expected to benefit in profitability in the coming years.

The stock quoted a 52-week high price of Rs 934.5 and a 52-week low of Rs 480.0.