Latest Stock Market News

Sebi is investigating the company for running an unregistered collective investment scheme (CIS). The scheme was allegedly an investment scheme in the disguise of a club membership program allowing access to members to use the company’s resort properties for vacationing

About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).

As of 31-Dec-2022, promoters held 59.39 per cent stake in the company, while FIIs held 25.07 per cent and domestic institutional investors had 2.88 per cent.

The shares of the company will go ex-dividend a day or two days before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

A total of 4,826 shares changed hands on the counter till 01:55PM (IST).

The author of the article believes that the market should be driven by the market and that there should be no modulation of the crude oil prices. He also believes that the oil marketing companies should be allowed to make a profit, but that the profits should be passed on to the shareholders. He also believes that the oil prices are currently hovering around $75 and that they should settle towards $75 over the next few months. He also believes that the oil companies are doing well and that they should do better

The sales growth beat over IPM is likely to be driven by new product launches, performance of its top brands, strong growth in its newly acquired Curatio’s portfolio, recent expansion of its field force and increase in their productivity.

MCX Gold has given returns of 5.26% on the year-to-date (YTD) basis while returning 3.95% during March, according to Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities. Silver futures, on the other hand, are catching up fast, recovering their early losses, though still in the red, Gupta said. The YTD returns stand at a negative 2.88% while the month-to-date returns are at 3.32%, IIFL Securities analyst said.

I think starting off because large-cap indices have actually corrected more than the mid-cap indice, I would think that to start off with the larger banks like Axis, ICICI or SBI makes sense.

The share of banca (excluding ICICI Bank) increased to 14% from 4% in FY19, thus supporting growth and diversification in the distribution mix.