Latest Stock Market News

"Crypto markets saw a slight dip with Bitcoin falling nearly 1% after U.S. CPI print showed inflation rose to 3.2% annually in July, compared to the expected 3.3% but still significantly higher than the Federal Reserve’s desired 2%," said, CoinDCX Research Team.

Ashok Leyland, Astral Ltd, Cummins India, HDFC Asset Management Company, IDFC First Bank, Power Finance Corporation, REC and Supreme Industries will be added to the MSCI India Index.

As I said that the FMCG business is going to be the big driver for the company because another thing is that if you look at ITC, then earlier a lot of capital implied of the company was going in hotels. Now, with the hotel business out of the way and in FMCG also, they have created the capacity, they have created the brand over the years.

Rate this item

(1 Vote)

As of 30-Jun-2023, promoters held 46.86 per cent stake in the company, while FIIs held 9.76 per cent and domestic institutional investors had 3.05 per cent.

"Once the acquisitions get completed, we expect $5-5.5 billion on the top line on a gross basis and $2-2.5 billion on the net basis. So that is the kind of number and all these acquisitions that we have announced are also EPS accretive. So, we do see good growth coming in through these acquisitions."

"HCLTech is pleased to announce the signing of a new mega deal with a Global 100 corporation today. We expect this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of US$ 2.1 billion over the term," the company said in an exchange filing.

The Relative Strength Index of the stock stood at 33.2 on Friday.

The board of the Kolkata-based hotels-to-cigarettes major has already given in-principle approval to the demerger and details of the scheme of arrangement is likely to be announced this Monday following a board meeting to announce the June quarter results.

ETMarkets is evaluating stocks from the BSE smallcap pack that have maintained a steady 20% profit margin over the last four consecutive quarters (September 2022 to June 2023).

However, the firm, on Wednesday, reported a standalone net profit of Rs 232 crore for the quarter ended June 2023, down 5% from Rs 245 crore posted in the previous year period.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.