Latest Stock Market News

Mankind Pharma is set to list on May 9 with a premium of Rs 120 apiece according to grey market trends. The company is valued at a price-to-earnings ratio of 30 times FY22 earnings and has a market capitalisation of Rs 44,000 crore. The initial share sale of the company was subscribed 15.32 times with strong interest from QIBs and is the largest IPO so far this year. The company has 25 manufacturing facilities across India, a dedicated in-house R&D centre and a team of over 600 scientists.

Having a repayment strategy is crucial when it comes to credit card expenses, as they usually occur on impulse and can result in costly interest rates. Larger expenditures, in particular, require prior planning to determine where the funds will come from for repayment. Seeking help from an external agency might be beneficial if debts have piled up and individuals find it challenging to manage them.

ITC will declare its Q4 earnings on May 18th, along with the final dividend for FY22. The firm has already acquired over 39% of share capital in Sproutlife Foods Private Limited for Rs 175 crore. In Q3 FY23, the company posted a 21% YoY increase in net profit to Rs 5,031 crore. The target price for ITC is Rs 435 per share, and out of 32 analysts covering the stock, 30 have given strong buy and buy ratings. Recently, ITC has surpassed Infosys to become the sixth-largest company by market cap.

On the technical charts, the RSI of the stock stood at 39.34.

REIT (real estate investment trust) is a popular instrument globally and was introduced in India a few years ago to attract investment in the real estate sector by monetising rent-yielding assets.

A total of 82,281 shares changed hands on the counter till 02:11PM (IST)

The stock quoted a 52-week high price of Rs 432.8 and low of Rs 132.55.

Shares of Bank of India fell almost 9% on Monday on the NSE as investors reacted to the slippage in net NPA during the January to March quarter. Although the bank saw a 5.32% quarter-on-quarter jump in its net NPA, its NNPA was down 18% YoY. Bank of India reported a 115% jump in consolidated profit after tax for the March quarter, while also planning for a capital raise of INR4,500 crore in FY24. Gross Non-Performing Assets and core net interest income also posted positive results.

Aditya Birla Fashion and Retail, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 19473.93 Crore) operating in Retail sector.

The brokerage maintains its e-auction premium estimate for FY24 at 99%.