Latest Stock Market News

LIC gets insurance regulator’s nod for IPO: Report

Updated at : 2022-02-10 11:25:02

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The IPO size is expected to be in the range of Rs 70,000 crore to Rs 1 lakh crore, Angel One said in a note. With this, LIC would command a market capitalisation of Rs 13-15 lakh crore post listing

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The stock which was listed at Rs 221, compared to the issue price of Rs 230, hit a new high of Rs 381 on Thursday, showing a strong rise of 72 per cent in just 3 days of listing

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Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 64886.46 Crore) operating in FMCG sector.

Apollo Hospital shares gain 0.31% as Sensex rises

Updated at : 2022-02-10 11:25:02

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On the technical charts, the RSI of the stock stood at 46.29.

IGL share price up 0.7 per cent

Updated at : 2022-02-10 11:25:02

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A total of 46,549 shares changed hands on the counter till 10:51AM (IST).

Buy NMDC, target price Rs 165: Yes Securities

Updated at : 2022-02-10 10:20:03

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NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Sale of services, Diamonds, Power and Other Operating Revenue for the year ending 31-Mar-2021.

“We are generally investing in companies which continue to be producing great results and if the results are mediocre over an extended period, obviously we will underperform and that is the reason I focus on the business rather than focusing on the stock price. The stock price tells us nothing. It is one of the biggest ironies of investing. The stock price has zero information value..”

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“The consumption story along with the domestic infra and capital goods story should be the themes to play in the next two to three years. Real estate should also provide a good kicker. We will continue to remain underweight in FMCG stocks because the valuations there are not dirt cheap.”

Buy TVS Motor Company, target price Rs 698: IIFL

Updated at : 2022-02-10 10:20:03

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TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 31992.37 Crore) operating in Auto sector.

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“The market will be more earnings driven. The valuation might not expand. It will be more the earnings which will expand but the flows remain quite strong. EM outflows will start slowing down after probably peaking around April with the dollar peaking. As the dollar peaks around April-May by which time the market would have got a very strong sense of how high do the rates go in this cycle. ”

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