Latest Stock Market News

One of our top picks is Can Fin Homes which can be bought from 465 levels. I think Can Fin Homes fits the bill perfectly as it has very low delinquencies, its recoveries are very fast and they are seeing a lot of growth plus they have no problem of capital adequacy.

Nifty MNC Index comprises of 30 listed companies in which the foreign promoter shareholding is over 50% (latest holding as of September 2022). These companies usually have low debt exposures. ET Markets analysed the stocks that have gained over 25% in 2022 so far.

On the basis of the historical performance over the past two decades, the 1-year forward average and median returns for the benchmark index stand at 3% and 1%, respectively, whenever it has traded in the 20x-22x P/E multiple range.​

In the international market, gold was trading lower at USD 1,770.75 per ounce while silver was down at USD 22.38 per ounce.

Treasury yields rose on Tuesday after strong data from the services and manufacturing sectors and a solid non-farm payrolls report reinforced expectations of the U.S. Federal Reserve continuing to raise interest rates in 2023.

The company is backed by Quadria Capital Fund and Rare Enterprises, which was set up by billionaire investor Rakesh Jhunjhunwala, along with his wife Rekha. The veteran stock market investor passed away in August this year.

I have been bullish on IT for some time. I had given stocks like Tech Mahindra, Mphasis last week which did well but yes currently there is some resistance.

Promoters held 53.51 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 42.2 per cent and 2.24 per cent, respectively.

However, the Nifty PSU Bank Index (ex-SBI) story is not equally thrilling. It might appear that the share prices of constituents are trading at multi-year highs, but when you compare the market cap of these banks today with five years ago, considering the incremental capital raised and new shares issued toward mergers, the investors have hardly made any money here. Regardless, the index is up 60% over the past year, and 40% over the past two months.

A total of 13,534 shares changed hands on the counter till 02:11PM (IST).