Latest Stock Market News

The Relative Strength Index of the stock stood at 55.44 on Thursday.

As of 31-Dec-2022, promoters held 0.22 per cent stake in the company, while FIIs held 39.18 per cent and domestic institutional investors had 21.42 per cent.

Mishra Dhatu Nigam, incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 3786.14 Crore) operating in Metals - Ferrous sector.

A total of 10,540 shares changed hands on the counter till 11:43AM (IST).

Spot gold was up 0.1% at $1,951.79 per ounce, as of 0401 GMT, after hitting its highest since April 2022 earlier in the session. U.S. gold futures rose 1.3% to $1,967.40.

Sun Pharma is the world’s fourth largest generics/specialty pharma company with 43 manufacturing sites at its disposal addressing segments like specialty products, branded generics, complex generics, pure generics and APIs.

“I do not think the RBI will have reason to hike further, nor should you and I lose that much sleep about inflation concerns, she is giving a GDP growth projection, a nominal GDP growth projection of say 10.5 and a tax revenue growth proportionately. So inflation concerns I think are easing, global commodity prices are coming off and we end up in a decent place from a private sector consumption growth perspective.”

As of 31-Dec-2022, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 7.07 per cent.

“If I look at sectors like steel and cement, one certainly needs to have green energy sources available, green hydrogen available. One needs to have the policy framework to support investments in these areas as a user industry. In Europe, we need to have carbon border adjustment mechanisms to make sure that carbon inefficient products do not come into the country when one is investing in creating carbon efficient products. "

On the technical charts, the RSI of the stock stood at 65.14.