Latest Stock Market News

A total of 51 shares changed hands on the counter till 10:50AM (IST)

Majority of the analysts are positive on the issue and have recommended subscribing to it. However, a few of them have a word of caution for investors.

“I am not too sure if we need to really move out of commodity and one can never know how long the cycle will continue but we do think that some of the sectors like auto, consumer, names like Asian Paints, Pidilite, etc, which have been big underperformers, at some point will turn out to be far more attractive and provide a great opportunity.”

The Relative Strength Index of the stock stood at 52.82 on Wednesday.

MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 70366.93 Crore) operating in IT Software sector.

The global cryptocurrency market cap remained almost flat at the $2.13 trillion mark, dropping marginally in the last 24 hours. Total cryptocurrency trading volume tumbled as much as 5 per cent to $116.45 billion.

“In the overall home consumption space. I prefer Tata Consumer more in the long run because the tea and beverage business continues to grow double digit in volume, their Sampann brand which is into foods is doing very well and then the Starbucks AVM, which is the out of home consumption. Some of the other players will recover as the economy reopens and the stock has taken a 15-20% correction.”

The floor price for the OFS has been set at Rs 159 per share. This price is at an around 7 per cent discount to the closing price of ONGC’s stock on Tuesday.

Garden Reach Shipbuilders & Engineers Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 2584.87 Crore) operating in Shipping sector.

"The strategic review of selected popular brands initiated by the company on February 23, 2021 to consider all options to deliver sustainable long-term profitable growth is ongoing. The review is expected to be completed by May 31, 2022," USL said in a regulatory filing.