Latest Stock Market News

The domestic brokerage has maintained a sell rating on the stock with an increased fair value of Rs 7,850. It said the margin trajectory is likely to lag expectations, led by growth moderation in the entry-level segment, which will increase discounts, and unfavorable forex and uptick in base metal prices.

The consensus recommendation from five analysts for Nazara Technologies is a buy. Out of the nine analysts covering the stock, seven analysts have strong buy and buy ratings, one has a strong sell rating and the remaining one has a hold rating.

Mubadala Investment Co PJSC, BNP Paribas SA have also bid, the people said, asking not to be identified as the details aren’t public. The so-called anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8-2 times, the people added.

Our supply chains have been quite stable for a long time even though we still continue to buy some products from China.

While announcing its September quarter earnings, HCL Tech had raised the constant currency revenue growth guidance to 13.5-14.5% for FY23. But 2 months later, it said that growth is likely to be at the lower end of this range.

On the technical charts, the RSI of the stock stood at 62.91.

Therefore, to incentivize both lower and higher-income individuals to shift to the new regime, it can perhaps be made more lucrative--by providing some additional tax sops, while retaining the overarching simplified tax structure of the new regime.

Shares of all the 10 Adani Group stocks, including the recent acquisition NDTV, were trading lower after Hindenburg revealed that it has been short-selling Adani Group companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities.

Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 51669.61 Crore) operating in Real Estate sector.

A total of 115,214 shares changed hands on the counter till 12:35PM (IST).