Latest Stock Market News

Under the OFS, Asha Narendra Goliya will offload about 15,00,000 equity shares, while Rishabh Narendra Goliya will tender 4,00,000 equity shares and 517,500 equity shares will be offloaded by Narendra Rishabh Goliya (HUF). Meanwhile, SACEF Holdings II too will tender about 70,10,678 equity shares.

Accordingly, the size of the fresh issue has been reduced to Rs 146.24 crore from Rs 180 crore planned earlier. Besides, there would be an Offer of Sale (OFS) of 82.94 lakh shares by promoter and founder Ramveer Singh.

The achievement of crossing the 200-day SMA by Jubilant Ingrevia, Quess Corp, and other stocks on August 23 underlines their robust market performance and growth prospects.

Berstein finds the fintech pioneer, with a promising head start in the lending business, to be on the right side of the disruption

Lenders reported healthy growth in net profits last fiscal year and in the first quarter of this financial year on accelerating credit growth and shrinking bad loans.

Bitcoin has been trading above the $26000 level. This could be indicative of the market awaiting a decision on the Bitcoin-ETF in the US, Edul Patel, CEO and co-founder of Mudrex said.

The stock market is a realm of constant fluctuations, and as of August 23, 2023, several companies have garnered attention by crossing their 50-day Simple Moving Average (SMA)

​The stock market for example is made up of investors and traders and the mistake that people make is when traders try to become investors and investors try to become traders.

The Nifty Auto index closed 0.25 per cent down at 15459.3.

"The asset management industry is a profitable and growing sector. The low capital requirement and high return on equity make it an attractive business. Many new asset management companies (AMCs) are entering the market, such as White Oak, Bajaj Finserve, Shriram, Helios, Zerodha, and Groww. However, it is challenging for new AMCs to differentiate themselves from existing ones, especially in debt and large-cap equity categories. The focus is on differentiated strategies and better communication with investors."