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As of 30-Jun-2022, promoters held 51.52 per cent stake in the company, while FIIs held 19.91 per cent and domestic institutional investors had 7.03 per cent.

The weekly expiry option for Nifty witnesses PE writers actively adding their positions at 18800PE - over 39 lakh shares OI, with fresh additions of more than 31 lakh shares. The same support base was at 18200 in the past week, which clearly highlights the intention of the market to move upside now.

Westlife Development, incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 4940.14 Crore) operating in Tourism & Hospitality sector.

NLC India and GRIDCO have signed MoU for setting up of ground-mounted/floating solar power projects, pumped hydro storage projects, green hydrogen projects and many other renewable projects.

A total of 9,769 shares changed hands on the counter till 12:58PM (IST)

The Relative Strength Index of the stock stood at 55.3 on Thursday.

The Nifty Realty index closed 1.98 per cent up at 459.05.

“The universal bonds of target maturity funds today is either G-Sec which are lending to the government, state development loans and lending to states, which is also of sovereign equivalent because they are guaranteed by RBI or lending to AAA PSUs – the Navratnas, Maharatnas as in the case of Bharat bond. In doing this, the structure combines credit stability because of the kind of quality of borrowers and predictability of returns.”

The stock traded at a P/E multiple of 11.23, while the price-to-book value ratio stood at 1.06.

A total of 9,861 shares changed hands on the counter till 11:06AM (IST)