Latest Stock Market News

Kalpataru Projects International, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 10299.90 Crore) operating in Power sector.

The IPO of Netweb, a leading high-end computing solutions (HCS) provider with fully integrated design and manufacturing capabilities, was subscribed 90.36 times at close. The qualified institutional buyer portion was the most subscribed with a subscription of 228.91 times, followed by non-institutional investors with 81.81 times. The retail category was subscribed 19.15 times.

As of 30-Jun-2023, promoters held 0.0 per cent stake in the company, while FIIs held 21.8 per cent and domestic institutional investors had 2.16 per cent.

An analysis of the latest shareholding pattern of the new-age companies shows that domestic fund houses increased their ownership in Nykaa by 336 bps to 8.5% in Q1. The stock of the fashion and lifestyle e-tailer has been among the worst performers in the pack of new-age stocks and is down by about 39% in the last one year.

Having doubled down its bet on Adani Group stocks in the past few months, GQG Partners has seen the market value of its investments soaring, thanks to the rally in the stocks. The sharp upmove in shares of most of the Adani Group companies since April has taken the total market value of GQG Partners’ investment to nearly Rs 25,000 crore.

Escorts Kubota key Products/Revenue Segments include Tractors Agricultural, Other Operating Revenue, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2023.

The stock quoted a 52-week high price of Rs 559.0 and a 52-week low of Rs 462.95.

I think maybe because of this news you might see some action in the RBL Bank but I do not really think that there is a case for too much of development in terms of banks, etc.

Axis Bank reported a standalone net profit of Rs 5,797.10 crore for the quarter ended June 2023, up 40% year-on-year (YoY) over Rs 4,125.26 crore profit reported by the company in the corresponding period of the last financial year. An ET NOW poll of analysts had anticipated the profit figure at Rs 6,000 crore.

Price resuming uptrend after breather and higher base formation above 20 day EMA suggest further upsides in coming session.