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Promoters held 51.31 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 20.91 per cent and 16.45 per cent, respectively.

Tata Power shares drop 0.3% as Sensex falls

Updated at : 2023-08-09 13:20:02

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On the technical charts, the RSI of the stock stood at 58.86.

While tomato prices increase almost every June-July, potato prices increase after every two years and onion prices rise after every 2.5 years. Given the seasonal nature of price shocks and the fact that these spikes fizzle out within a few months, the RBI has mostly refrained from making its decision while looking at the vegetable basket.

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A total of 102,165 shares changed hands on the counter till 12:28PM (IST)

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Coal India, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 143591.57 Crore) operating in Mining sector.

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A week does not go by when I meet a promoter who says, I want to be debt free as soon as possible. So that is a concern from a corporate lending book.

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Ircon is a Miniratna (Category - I) public sector enterprise and a leading turnkey construction company. The core competence of Ircon is in railway and highway projects.

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​They have Punjab and then they have an agency of Mercedes in Kolkata and Madhya Pradesh. So, I think while you may not see necessarily a big SSG growth for both of these businesses, you will see revenue top line and progressively EBITDA growth because the absolute number of branches will keep expanding.

Promoters held 61.03 per cent stake in the company as of 31-Mar-2023, while FIIs owned 17.99 per cent, DIIs 12.97 per cent.

"Paytm, Zomato, PolicyBazaar, Nykaa are entrepreneur driven companies and in India, you make a lot of money if you bet on the right entrepreneur, as we have seen with Reliance Industries, Asian Paints or Titan, for that matter, the Tata Group companies. These companies have all the right ingredients for a multibagger. If you remain patiently invested at some point of time, positive news flow will drive the stock prices higher."

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