Latest Stock Market News

According to the shareholding pattern available with the exchanges, Excorts Kubota promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders. Among the public shareholders, mutual funds own about 8.13% stake in the company, while foreign portfolio investors have 5.19% stake. The company is backed by Rekha Jhunjhunwala with 1.62% stake

For more such web stories click on the ET icon below

Analysts say investors should wait and watch for some correction before any fresh buying, despite promising prospects for the long term. "They have got prime properties and the market is expecting some kind of monetisation, which is one of the reasons why the stock has spiked. But when will that happen and what is the modus operandi, we have to wait and see," said Avinash Gorakshakar of Profitmart Securities.

“There are still significant amounts of macro uncertainty keeping investors away, and liquidity is still thin,” said Noelle Acheson, author of the “Crypto Is Macro Now” newsletter and former head of market insights at Genesis Trading. “Bottom line, there’s not yet enough conviction.”

"While the adoption of AI solutions was currently limited to small applications, bigger deals would become more commonplace over the next few years. Comparing the enthusiasm surrounding the adoption of the technology to the launch of initial public offerings, Murarka said "the sector offered credible and exciting opportunities over a medium- to long-term perspective."

The South American nation, which earlier attracted bond investors and carry traders with one of the world’s most aggressive monetary tightening, is now luring equity buyers with an early start to cutting rates. Thus, it is more of a “tactical” opportunity, said Dorson

An index tracking total returns from select agricultural producers has outperformed the broader MCSI World Index by about three percentage points since the start of July, data compiled by Bloomberg show. The industry has outperformed as a gauge of food commodity prices posted its biggest gain in 16 months last month

"In high premium situations, you can use the concept of spreads and sell an out-of-the-money (OTM) option for both the call and put to offset some premium. However, this comes with a capped profit. For instance, in the previous scenario, you can sell a 19450 put for 24.5 and a 19850 call for 57.5, reducing your premium by 82 points. This is known as the Iron Fly strategy. The payoff graph for Iron Fly looks like this:"

"It is only a question of the level at which you would be interested to look at ITit. The industry itself will have to adapt to new things like, the large language models and how that is going to change programming. Those uncertainties will get sorted out and we will find these companies back in demand. On a longer term basis, at a reasonable price, some discount from where we are and buying should re-emerge."

"Investors must be cautious in the specialty chemicals space for the next two to three years, as many stocks are 30-40% down from their highs but are still up 200-500% from 2020 lows. The margins of these stocks will fall." The decline in commodity prices in China will create a downside throughout the commodity world.