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HDFC Bank fell 1.58 per cent to Rs 1,581.80. HDFC declined 1.29 per cent to Rs 2,588.20. Kotak Mahindra Bank, M&M, ICICI Bank, Axis Bank and TCS shed up to 1.2 per cent.

The maker of Saffola and Parachute oil said despite the challenging macro context, its India business stayed relatively firm, riding on focused execution and market share gains and revenue growth in the quarter was in the low single digits, while volumes were marginally positive on an exceptionally high base of 25 per cent.

Concor shares rise 2.08% as Sensex slides

Updated at : 2022-04-06 11:20:02

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A total of 27,657 shares changed hands on the counter till 10:25AM (IST)

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As of 31-Dec-2021, promoters held 48.05 per cent stake in the company, while FIIs held 28.12 per cent and domestic institutional investors had 11.33 per cent.

Ambuja Cements shares up 1.61% as Nifty falls

Updated at : 2022-04-06 11:20:02

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The stock quoted a 52-week high price of Rs 442.95 and low of Rs 274.0.

Analysts said the share price of Adani Wilmar is skyrocketing due to two primary factors: Ruchi Soya FPO injecting new life into the edible oil segment of FMCG industry, and palm oil prices appreciating by 14 per cent, providing a margin boost to the company’s unsold inventory.

ICICI Prudential Life Insurance’s EVP Jitendra Arora’s advice for investors is to keep a cool head amid such volatile markets. “Investors should not react to noise around these factors while making their investment decisions. They should continue with their regular premium payments and not take any extreme steps,” Arora said in an interview to ETMarkets.com.

“The bigger theme at a portfolio level is inflation proofing and making sure the sectors that we own have margin and pricing power. A lot of margin compression could hit the Street over the next two quarters and one must look for pockets of valuation comfort and pricing power. We believe dollar denominated plays such as IT, specialised pharma, commodities could do better.”

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“ I will be a bit cautious. I have been maintaining my view that if I have to play the auto and the auto growth of the future, I will go and like to play it through the auto ancillary and in that space, leading auto ancillary companies like Motherson Sumi, Bharat Forge and Minda Industries can be picked up.”

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Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 146593.05 Crore) operating in IT Software sector.

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