Latest Stock Market News

Gold and silver prices dropped in early trading due to a stronger Dollar Index. Gold futures on the MCX have declined by 3.73% in June, while silver futures have declined by 3.53% in value terms. Intraday trading strategy suggests selling MCX August Gold futures and buying MCX July Silver futures. The physical price of gold in India stood at Rs 59,500 per 10 grams and silver at Rs 71,000 per kg.

We are positive. We believe that at least in the large cap basket earnings are going to be resilient that is what we have seen even in the fourth quarter.

“The risk return profile does not favour buying into a stock like IdeaForge. But I am sure it will get heavily oversubscribed and even more certain that it will list at a very good premium. So there is, of course, a trading opportunity over here. You can flip the stock afterwards.”

Management continues to guide for reaching a combined ratio of 102% and RoE of high teens by FY25. The brokerage believes these are achievable.

​​We have always been trading at about 40 to 45% premium to other emerging markets in terms of valuations. But at that point of time, the valuation premium stretched to almost like 80 to 90%.

Tata Communications, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 45108.38 Crore) operating in Telecommunications sector.

The stock quoted a 52-week high price of Rs 428.8 and a 52-week low of Rs 251.25.

Shares of Easy Trip Planners, the online travel platform EaseMyTrip, fell almost 5% on the NSE due to a likely block deal. Selling was observed with high volumes, and the stock hit a new low in March. Despite the current lows, the stock is considered expensive in terms of valuation. The stock has been relatively less volatile, and the company operates in both B2B2C and B2C distribution channels. The stock fell despite a positive trend in the overall markets, with Nifty and Bank Nifty hitting new all-time highs.

A total of 37,321 shares changed hands on the counter till 11:28AM (IST).

In fact, if one looks at the AMC growth versus the profitability, the growth would be far higher than the profitability.I think profitability has to be looked at from two angles. One is the operating profit versus the cash that gets accrued over a period of time, therefore, you get other income as well.