Latest Stock Market News

Rajesh Gopinathan says it was better to pull the trigger as it were. So that happened just a week or so ago. But it was a conversation that had been ongoing. Gopinathan says he has to make sure that the transition happens smoothly. With Krithi being there, that is not a challenge but he owes it to customers, colleagues, employees and stakeholders to make sure that he is there for whatever time the new CEO K Krithivasan needs.

Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.

A total of 3,457 shares changed hands on the counter till 11:23AM (IST).

At 10.03 am, the stock was trading 3.8% higher on BSE. However, DLF stock has remained muted over the last one year and surged only 3%.

The stock quoted a 52-week high price of Rs 2194.0 and low of Rs 1513.3.

A total of 5,008 shares changed hands on the counter till time (IST).

The Dow Jones Industrial Average fell 46.92 points at the open

"There will definitely be near-term challenges that need to be taken care of, but Krithivasan has been taking care of the BFSI vertical for a long time. I believe as of now, one should not worry about change in the leadership," Gopinathan said and ET Now reported

From the Sensex pack, Infosys, HCL Tech and Tata Motors opened with over 1.5% gains. UltraTech Cement, L&T, Tata Steel, HDFC and Wipro also opened higher. Meanwhile, Bharti Airtel, TCS, NTPC and Sun Pharma opened with cuts.

Several public sector banks were part of this list despite seeing a stellar run in 2022. The strong improvement in earnings and asset quality, coupled with credit growth triggered buying in this pack last year and also turned some of the stocks multibaggers.