Latest Stock Market News

Stocks such as Rama Steel Tubes, Filatex Fashions, Indianivesh, Magnum Ventures, Euro Asia Exports, Madhusudan Securities, Imagicaaworld Entertainment, Abhirami Financial Services, Tirupati Tyres, Soma Textiles, and Deep Diamond India have gained over 100-700% from the March 2022 levels.

Promoters held 38.19 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.0 per cent and 21.46 per cent, respectively.

Higher than expected slippages on account of slowdown in economy. Increasing competition from banks in retail lending could impact loan growth.

On Comex, gold futures were trading at $1,999 per troy ounce around this time and were up by $1.30 or 0.07% while silver futures were higher by $0.066 troy pounce or 0.28% and trading at $24.055.

On Thursday, Adani Group via an exchange filing urged the stock exchanges to “take appropriate actions against such agencies whose actions are prejudicial to the interests of the investors at large,” it said.

A meeting of the creditors and shareholders of Reliance Industries will be held on May 02, 2023, to consider and approve the proposed scheme of arrangement between Reliance Industries and Reliance Strategic Investments (RSIL). After the demerger, the name of Reliance Strategic Investments shall be changed to Jio Financial Services.

The stock quoted a 52-week high of Rs 230.75 and a 52-week low of Rs 135.2.

The S&P BSE Sensex stock hit a fresh 52-week high of Rs 7,599 on 29 March 2023. The stock is up more than 2% in a week and over 4% in a month.

Bullish Piercing line candlestick at 80% retracement of previous up move, signaling positive bias.

As of 31-Dec-2022, promoters held 39.99 per cent stake in the company, while FIIs held 32.39 per cent and domestic institutional investors had 8.0 per cent.