Latest Stock Market News

Godrej Consumer rises 0.16% as Sensex climbs

Updated at : 2023-05-22 13:25:01

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The stock traded at a P/E multiple of 60.86, while the price-to-book value ratio stood at 7.18.

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Promoters held 37.01 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 24.43 per cent and 8.91 per cent, respectively.

The Nifty Bank index was trading 0.27 per cent down at 43849.75.

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​And if you look at this quarter specifically, the growth rates are about 12% on GOV. Obviously, two reasons for that one is the shutdown in 225 cities that they had. And the second reason was also the inflationary pressure and also the overall QSR industry kind of struggling to grow as compared to what they were last year because of inflationary issues.

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Foreign institutional investors (FIIs) have invested over ₹20,000 crore ($3.1bn) into Indian stocks in the first two weeks of May. Figures from NSDL reveal that financial stocks were the most popular picks for investors, who contributed ₹8,382 crore. Automobiles ranked second, with investments of ₹4,705 crore. Within emerging markets, India is most attractive to investors at present, receiving the most capital in May 2018. Analysts believe that while the global backdrop remains favourable to investors, concerns continue to exist over selling by domestic funds, with concerns that mutual funds may take a position on raising cash.

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I think markets still do well because globally still investors are quite scared, positioning is low on equities, even domestic mutual fund, equities and cash positions have moved up.

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The Relative Strength Index of the stock stood at 52.97 on Monday.

Missed Q4 earnings last week? Here's a snapshot

Updated at : 2023-05-22 12:20:02

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From ITC to SBI, a host of index heavyweight companies reported fourth-quarter earnings last week

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Promoters held 74.93 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 8.18 per cent and 6.75 per cent, respectively.

Buy CSB Bank, target price Rs 330: ICICI Direct

Updated at : 2023-05-22 12:20:02

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CSB Bank, incorporated in the year 1920, is a banking company (having a market cap of Rs 4985.98 Crore).

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