Latest Stock Market News

A total of 395,028 shares changed hands on the counter till 12:47PM (IST)

The stock quoted a 52-week high price of Rs 5033.2 and low of Rs 2363.85.

On the technical charts, the 200-day moving average of the stock stood at Rs 3864.15.

Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.

Overall, it is good that the regulator is showing oversight over this, demonstrating it through actions and that should have a good signalling effect to the market I think in that perspective.

The rights issue, opened on September 19, 2024, was priced at Rs 18 per share (including a premium of R 8 over the face value of Rs 10), said the company in its regulatory filing.

Arvind Sanger from Geosphere Capital warns of increased risks in the Israeli-Iran conflict and its impact on crude oil. He urges investors to focus on Indian earnings rather than China. While energy transition is minimal, crude oil remains crucial. Investors should monitor crude oil impact and earnings in India for investment decisions.

SEBI has introduced measures to curb risks in F&O trading, requiring upfront premiums, increasing contract sizes, and limiting weekly expiries to protect retail investors.

A total of 21,239 shares changed hands on the counter till 11:57AM (IST).