Latest Stock Market News

InterGlobe shares drop 2.48% as Sensex falls

Updated at : 2023-07-07 13:20:01

Rate this item

(1 Vote)

The stock quoted a 52-week high of Rs 2724.95 and a 52-week low of Rs 1624.0.

​So, I think that part is done with. Currently also macros continue to remain very positive in terms of inflation being under control, interest rates also expected to be benign or rather not going up at least.

The Nifty Auto index has rallied more than 3000 points in four months and scaled a record high of 15,471 points on Thursday. The sector has seen foreign inflows for six months in a row till June.

Rate this item

(1 Vote)

The rupee was at 82.66 to the U.S dollar, down from 82.51 in the previous session and at the lowest since May 31. "It is not about the July hike anymore. It looks like the Fed will again hike in either September or November," a forex spot trader said.

In a regulatory filing, after market hours on Thursday, Titan said it recorded revenue growth of 20% year-on-year (YoY) for Q1 with all key consumer businesses exhibiting double-digit growth in the June quarter.

It is probably not always correct that a higher price vehicle gives you a higher margin, it actually depends on the competition in that segment for example in the SUV these are slightly higher priced like mid SUV but the competition is intense. We have about 45-46 brands in that segment whereas in some other categories the number of brands are much lower.

While there is no doubt that this was a great opportunity for investors, and it has delivered some surprising returns, we would recommend that investors should book profits and exit their positions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.

Godrej Consumer shares drop 0.34% as Sensex falls

Updated at : 2023-07-07 12:20:02

Rate this item

(1 Vote)

The stock quoted a 52-week high of Rs 1101.55 and a 52-week low of Rs 793.7.

While the headline valuation may not look very expensive, it could be misleading due to the large contribution of banks to overall profits of Nifty. A sectoral break-up of net profits of Nifty50 index across shows that the contribution of banks has gone up from 21% in 2022 to 27% in 2023.

On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,700 strikes while the maximum Put OI is placed at 19400 and then towards 19,500 strikes.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.