Latest Stock Market News

Inox Wind is a wind energy solutions provider servicing IPPs, utilities, PSUs & corporate investors. Inox Wind is a fully integrated player in the wind energy market with three state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh. Inox Wind’s manufacturing capacity stands at 1,600 MW per annum.

The stock quoted a 52-week high price of Rs 896.4 and a 52-week low of Rs 595.85.

PVR, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11266.83 Crore) operating in Media & Entertainment sector.

Promoters held 62.55 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 11.85 per cent and 7.07 per cent, respectively.

“Two names stand out in the pharma space at this point of time; one is Sun Pharma and the other one is Dr Reddy’s. The rest of the companies have corrected but there are challenges either on the generic pricing front or their own product specific issues. We are not really going very aggressive on the midcap side of pharma.”

The Nifty IT index was trading 0.37 per cent down at 30232.3.

One of the major factors resulting in the underperformance of this heavyweight stock has been the imposition of windfall gains tax on domestically produced crude oil and on fuel exports by the government in July.

The Reserve Bank of India has raised its key policy rate a relatively modest 190 basis points since May to 5.9% and is widely expected to add another 50 basis points by end-March according to a separate Reuters poll.

As of 30-Sep-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.

The stock quoted a 52-week high price of Rs 817.95 and a 52-week low of Rs 469.75.