Latest Stock Market News

A total of 4,528 shares changed hands on the counter till 01:43PM (IST)

Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.

The Relative Strength Index of the stock stood at 48.5 on Friday.

The European banking index hit a six-week low after U.S. tech-industry lender SVB Financial Group launched a share sale to shore up its balance sheet due to declining deposits from startups struggling for funding

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The stock quoted a 52-week high price of Rs 3466.4 and a 52-week low of Rs 1897.35.

The brokerage maintains buy as it still expects 20% EPS CAGR and 2pp RoCE improvement over FY23-25E, along with cheap valuation.

Rishi Chopra, spokesperson of Swan Energy, said the agreement will enhance the rental earning capabilities of the vessel, and therefore the net revenue from the rental will strengthen our profitability position.

In the meantime, shares of Adani Total Gas, Adani Transmission, and Adani Green Energy were locked in 5% upper circuit limits. Those trading with a negative bias include NDTV, Adani Wilmar, and Ambuja Cements.

Promoters held 46.86 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 9.64 per cent and 4.04 per cent, respectively.