Latest Stock Market News

That sent U.S. long-term yields higher, but also the dollar against the yen. The Japanese currency dipped to a nearly three-month low at 137.90 to the greenback, boosting the value of overseas revenue at automakers and other multinationals.

The stock traded at a P/E multiple of 11.37, while the price-to-book value ratio stood at 2.85.

On the technical charts, the 200-day moving average of the stock stood at Rs 359.58.

The buyback proposal will not exceed the maximum size, which represents 5.13% and 5.04% of the aggregate of the total paid-up capital and free reserves of the company based on the audited financial statements of the company as on March 2022, respectively.

KPI Green Energy Limited provides renewable energy construction services. The company designs and builds solar power plants. The company develops and maintains grid-connected IPP solar power projects under the ‘Solarism’ brand. It generates revenue by supplying the power generated from its solar power plants to reputed business houses through Power Purchase Agreements.

This is compared with peak fed funds rate of 4.9% seen during early February 2023. At the same time, expectations of rate cuts have also come down, with traders now pricing in less than 15 basis points of rate cuts in 2023, from almost 60 basis points a month ago.

Other top crypto tokens were also trading lower. Solana declined by 5.4%. Dogecoin, Litecoin, Cardano and Polkadot were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.01 trillion, falling 1.96% in the last 24 hours.

The stock traded at a P/E multiple of 25.58, while the price-to-book value ratio stood at 4.18.

The advantage of SGB over other forms of Gold is on multiple counts. Apart from capital appreciation, SGBs offer a 2.5% interest on the capital appreciation, Personal Finance expert Jitendra Solanki. There is no capital gains tax if one remains invested for 8 years, he added.

The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.