Latest Stock Market News

The Securities and Exchange Board of India (Sebi) has made the suggestions through five consultation papers and sought comments from the public till February 18 on these proposals aimed at making the AIFs more investor friendly.

From the Sensex pack, Tata Steel and Infosys were the top losers, falling over 2%, Infosys, Kotak Bank, M&M, Tata Motors, ICICI Bank, UltraTech Cement and Reliance also ended with losses

SBI on Friday reported a 68.5% YoY increase in net profit for the quarter ended December 2022 to Rs 14,205.34 crore. >> For more such web stories click on the ET icon below

The Relative Strength Index of the stock stood at 55.28 on Monday.

“I have been guiding in all our investor calls that margin will be in that 30% ballpark. As I said in the last quarter, given that we have a lot of dollar exposure on our raw materials, we saw some price hikes from our vendors but we were able to pass them through into the market to maintain the price at the margin.”

A total of 1,335,761 shares changed hands on the counter till 02:08PM (IST)

As of 31-Dec-2022, promoters held 50.73 per cent stake in the company, while FIIs held 19.21 per cent and domestic institutional investors had 9.18 per cent.

"We have added different segments of customers as well and who are not expected to be so volatile. In the past, most of our books have come from the earn and pay segment and that does bring in volatility because of the changing market conditions. Definitely to that extent, we will see it coming in. Two, we have put in a lot of effort in terms of various collection improvements to be brought in through various new processes."

A total of 1,701 shares changed hands on the counter till 01:27PM (IST)

The company has reported EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 408 crore, which is down almost 63% when compared with Rs 1,097 crore in the last year period. Margins, too, declined during the third quarter to 23.9%.