Latest Stock Market News

Unicommerce eSolutions is an e-commerce enablement Software-as-a-Service (SaaS) platform. The company’s suite of SaaS solutions enables end-to-end management of e-commerce operations for brands, retailers, marketplaces and logistics service providers.

The stock traded at a P/E multiple of 66.86, while the price-to-book value ratio stood at 27.81.

The Relative Strength Index of the stock stood at 43.55 on Friday.

Bitcoin and Ether prices surged after a drop in US jobless claims, easing labor market concerns. Federal Reserve actions and new Russian cryptocurrency legislation contributed to market optimism. Bitcoin rose 6.4% to $60,908, and Ether climbed 10.3% to $2,689, with other cryptocurrencies also recording gains.

​Short covering involves buying shares to close an existing short position, indicating a shift from extreme bearishness to bullishness. On Thursday, 4 stocks experienced short covering

The report noted that despite the challenges faced by the private equity industry, including a liquidity squeeze and declining distributions from major firms, India remains a favorable environment for capital raising and investment opportunities.

A short buildup occurs when open interest and volumes increase while the stock price falls in F&O. It indicates expectations of lower prices. On Friday, five stocks saw fresh short positions.

A total of 131,443 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 1803.8.

The 2024 Barclays Private Clients Hurun India report has listed the ten most valuable family-led enterprises in India, totaling Rs 60,09,100 crore. The Ambani family tops the list, followed by the Bajaj, Birla, Jindal, Nadar, Mahindra, Dani, Choksi & Vakil, Premji, Rajiv Singh and Murugappa families, covering various industries.