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As of 30-Jun-2024, promoters held 46.64 per cent stake in the company, while FIIs held 14.73 per cent and domestic institutional investors had 1.41 per cent.

The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.

With the lower penetration of mutual funds in India, Nippon Life India Asset Management can continue to drive strong AUM growth. The company is one of the fastest-growing AMCs in B-30 cities.

A total of 12,932 shares changed hands on the counter till 10:20AM (IST)

​​At CMP VOLT trades at PE of 56x/43x on FY25/FY26, we value VOLT at SOTP – UCP 55x (earlier 50x) to INR 1,412, EMP 20x (earlier 15x) to INR 115, EPS 25x (earlier 20x) to INR 156 and Voltbek at INR 105 on FY26 and arrive at TP of 1,790 up 17% from CMP and hence maintain BUY​

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 18.32 per cent and domestic institutional investors had 22.75 per cent.

Forcas Studio opened its SME IPO to raise Rs 37 crore from August 19 to 21, 2024. Priced at Rs 77-80 per share, the offer includes 46.8 lakh fresh equity shares. Proceeds will be used for warehouse upgradation, debt repayment, working capital, and other corporate purposes. Share listing on NSE SME platform is anticipated.

On August 16, the closing prices of four stocks from the Nifty500 pack rallied over 2.5% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.

The stock traded at a P/E multiple of 6.59, while the price-to-book value ratio stood at 1.14.

The Nifty IT index was trading 0.63 per cent up at 41137.3.