Latest Stock Market News

The credit cycle in banks is currently strong, but it is expected to moderate over time. Banks with strong liability franchises are predicted to remain profitable. There are also opportunities for shifts between banks, with large banks like HDFC and Kotak having not performed as well as other banks in recent times. However, it is more important to be selective with investments rather than making overall sectoral calls. The pharma sector is still early in its momentum, with the API and CRAM space having strong potential for returns over the next few years.

If you see secured currently it is 50:50 secured and unsecured but going further considering the opportunity available, we will do secured 40%, unsecured 60%.

Huhtamaki India, incorporated in the year 1944, is a Small Cap company (having a market cap of Rs 1732.47 Crore) operating in Packaging sector.

A total of 122,286 shares changed hands on the counter till 12:57PM (IST).

Shares of Rail Vikas Nigam (RVNL) have fallen by almost 4% to Rs 101.7 after surging 54% in the last five days. Siemens, along with RVNL, was part of a consortium that recently won two separate orders from the Gujarat Metro Rail Corporation. Independent analyst Anand Tandon said he sees a lot of order flow coming through from railway spending, but suppliers are better targets than consultants. CEO of GCL Broking, Ravi Singhal, said that the current railway infrastructure spending should help RVNL improve margin and growth.

The stock quoted a 52-week high of Rs 2864.35 and a 52-week low of Rs 2002.5.

The Relative Strength Index of the stock stood at 49.0 on Thursday.

As of 31-Mar-2023, promoters held 74.93 per cent stake in the company, while FIIs held 8.18 per cent and domestic institutional investors had 6.75 per cent.

Nestle India, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 203041.37 Crore) operating in FMCG sector.

The stock quoted a 52-week high of Rs 554.05 and a 52-week low of Rs 462.95.