Latest Stock Market News

A total of 122,286 shares changed hands on the counter till 12:57PM (IST).

Shares of Rail Vikas Nigam (RVNL) have fallen by almost 4% to Rs 101.7 after surging 54% in the last five days. Siemens, along with RVNL, was part of a consortium that recently won two separate orders from the Gujarat Metro Rail Corporation. Independent analyst Anand Tandon said he sees a lot of order flow coming through from railway spending, but suppliers are better targets than consultants. CEO of GCL Broking, Ravi Singhal, said that the current railway infrastructure spending should help RVNL improve margin and growth.

The stock quoted a 52-week high of Rs 2864.35 and a 52-week low of Rs 2002.5.

The Relative Strength Index of the stock stood at 49.0 on Thursday.

As of 31-Mar-2023, promoters held 74.93 per cent stake in the company, while FIIs held 8.18 per cent and domestic institutional investors had 6.75 per cent.

Nestle India, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 203041.37 Crore) operating in FMCG sector.

The stock quoted a 52-week high of Rs 554.05 and a 52-week low of Rs 462.95.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 15.21 per cent and 4.59 per cent, respectively.

The Gujarat Mineral Development Corporation (GMDC) soared by 20% with high volumes, opening up the possibility of hitting Rs 200 in the next six months, according to experts. Traders and investors should keep an eye on the stock and consider buying on dips to Rs 135-140. The stock is part of the S&P BSE Smallcap index and has been trading above short and long-term moving averages. The technical indicator MACD is also in a buy mode providing support for bulls, while a clear break above Rs 160 levels will open up fresh investment opportunities.

Doms Industries, an Indian stationery company majority-owned by Fabbrica Italiana Lapis ed Affini, is preparing to file for an IPO in Mumbai. The proposed offering, which could fetch between $200m to $300m, could be launched as early as this year. Since Doms’ founding in 1975, it has grown a global reach of over 50 countries, running over 15 production facilities throughout India. Representatives for Doms and Fabbrica Italiana Lapis ed Affini did not comment on the matter.