Latest Stock Market News

​​Relatively better placed vs competition; Maintain BUY: With economy gradually returning to normalcy, the brokerage reiterated its high conviction thesis that shift towards large, organized and trusted brand is here to stay and its amplifying effect will be clearly visible in FY23, once Covid-19 headwinds recedes.

Margins in FY23E could continue to be under pressure as supply-side pressures and temporary cost-save reversal across travel/facility/discretionary spending happens, before stabilizing in FY24E. Pricing and rupee depreciation are the key risks to our expectations. We are not so hopeful about blended pricing increases in a scenario where client surpluses are reducing, but INR is something to be watched.

In the last few weeks, Vijay Kedia says he has met a CISF personnel at an airport who lost Rs 15 lakh by trading in futures and options and a school teacher who lost Rs 42 lakh similarly on leveraged money.

One97 Communications (Paytm) rose 2.3 per cent to Rs 567 ahead of its quarterly earnings. Godrej Consumer Products fell 3.3 per cent to Rs 768.80.

The Relative Strength Index of the stock stood at 42.44 on Friday.

A total of 16,012 shares changed hands on the counter till 10:25AM (IST).

Prudent is one of the leading independent retail wealth management services groups (excluding banks) in India and among the top mutual fund distributors in terms of average assets under management and commissions received.

"I request the board to look for a successor to my current position. I would be happy to be of help in identifying my successor, who, I am confident, would steer the bank in its next phase of growth." Vasudevan said in a letter to chairman of the board Arun Ramanthan.

The IPO comprises a fresh share issue worth ₹627 crore and an offer for sale of ₹181 crore

"It was further represented that there should be a minimum gap of three working days considering two days for settlement and one additional day for an investor to make an application in the rights issue," Sebi said in a circular on Thursday.