Latest Stock Market News

Promoters held 43.92 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 13.9 per cent and 2.12 per cent, respectively.

A total of 4,759 shares changed hands on the counter till 10:31AM (IST).

ICICI Direct, in a report said, the IT index is currently on the cusp of breaking above last nine month’s range (31470-26190) signalling extension of the up move.

Vi lost a whopping 2.47 million subscribers in December 2022. In contrast, Jio and Airtel user base expanded to 424.51 million and 367.60 million respectively, as per the latest subscriber data collated by the Telecom Regulatory Authority of India (Trai).

The largest digital token slid as much as 4.2% and was trading below $24,000 as of 7:55 a.m. Friday in Singapore. Smaller tokens such as Ether, Polkadot and Avalanche also retreated.

Stocks that were in focus include names like Tanla Platforms which was up over 8%, Tejas Networks rallied nearly 8%, and VIP Industries closed flat on Thursday.

EIH, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 10465.47 Crore) operating in Tourism & Hospitality sector.

“If one starts looking more sharply, one will find value in the new tech businesses. Again, I would not try to look for a path to profitability next quarter or next six months but as long as the sales growth remains strong and they have money to burn to last them till the profit comes, they will be okay. An initial exposure to these new tech companies is probably warranted.”

"In defence stocks, the one with the most durable business model, are two companies -- HAL and Bharat Electronics. The results were subdued and that is the challenge for investors in the defence stocks because the performance will be lumpy. Investors need to ride through that and that is how they need to see it."

New initiatives are taking longer to deliver material improvement in performance in a tough macro and competitive environment. Hence, growth could be constrained in near to medium term.