Latest Stock Market News

“IT remains a buy and one should hold for the long term. These are very well-run, cash-rich companies with good margins. Coming to reopening trade, both retail and hospitality are expected to do well. They have done well on the hopes of reopening trade. Add to that the entertainment sector that is also expected to benefit but one can definitely look at hotels.”

UTI AMC trades at a valuation of 15.5x FY24E P/E which is at a discount of 40%/28% to HDFCAMC/ NAM’s valuations.

In a filing to BSE, Paytm said it has, from time to time, made all necessary disclosures to stock exchanges within stipulated timeline.

Jubilant Golden Harvest Ltd (JGHL) is a JV between JFL and Golden Harvest Ltd, a Bangladesh-based business group with diversified interests in various sectors, including food, dairy, commodities trading, international QSR, logistics and real estate development.

Hospitality chains including Accor and Hyatt Regency confirmed a substantial pick-up in MICE enquiries and bookings over the past one month or so in tandem with a revival in leisure travel.

Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has achieved the milestone of handling 300 million metric tonnes (MMT) of cargo well ahead of the year end.

Paytm stock has lost 74.72 per cent of its value over its issue price of Rs 2,150.

While the situation has worsened an already crippled supply chain, it has also increased freight rates that now threaten to push up their costs. Freight rates are currently two to five times the pre-Covid levels, said auto industry insiders. With most countries lifting pandemic-related restrictions, the rates were expected to come down, but the war has changed the scenario.

"The Fed needs to move aggressively to keep inflation under control," St. Louis Fed President James Bullard told Bloomberg TV on Tuesday, calling for the central bank to raise its benchmark overnight interest rate to 3% this year.

Shares of GameStop closed up 30.7% at $123.14, registering their biggest one-day percentage gain since March 25 last year, with trading volumes soaring and likely squeezing bearish investors who sold the stock short.