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Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 12.61 per cent and 6.72 per cent, respectively.

Nykaa Share Price: Nykaa saw its shares rise by 6% after reporting a 152% year-on-year increase in net profit for June 2024, reaching Rs 13.64 crore. Revenue for the quarter was Rs 1,746.11 crore, up 23%. The board also approved further stakes in Dot & Key Wellness and investment in Earth Rhythm, boosting its business strategy.

The stock quoted a 52-week high price of Rs 1476.9 and low of Rs 997.4.

It is an uptrend signal if the RSI value has crossed above 50 from below.

Rakesh Jhunjhunwala, also known as the Warren Buffett of India, passed away two years ago. Renowned for his long-term investment strategy and faith in competent management, Jhunjhunwala managed Rare Enterprises. His legacy emphasizes patience, pragmatism, and learning from mistakes, guiding modern investors today.

Over the last 20 years, the Nifty has outperformed other major asset classes such as the S&P 500, gold, real estate, and debt indices. Achieving a CAGR of 16%, Nifty grew almost 20-fold. Meanwhile, the S&P 500 managed a 14% CAGR. Gold, real estate, and debt investments saw 13%, 8.4%, and 7.5% CAGR respectively.

A total of 5,043 shares changed hands on the counter till 11:01AM (IST)

Dipan Mehta from Elixir Equities discussed the investment potential of oil PSUs like HPCL, BPCL, and IOC, highlighting their earnings volatility. He noted the valuation compression in PSU sectors such as mining and engineering, and suggested potential in PSU banks. Mehta remains cautious, preferring to wait for a market correction before making new investments.

A total of 9,658 shares changed hands on the counter till 01:24PM (IST)