Latest Stock Market News

Stock-specific actions are likely to remain high in the fag-end of December and January and a handful stocks are on the verge of breakout on the technical charts.

The Nifty Pharma index was trading 1.33 per cent up at 12786.55.

On the technical charts, the 200-day moving average of the stock stood at Rs 125.41.

As of 30-Sep-2022, promoters held 50.05 per cent stake in the company, while FIIs held 12.11 per cent and domestic institutional investors had 9.38 per cent.

A 60/40 portfolio, which typically allocates 60% of assets into stocks and 40% into bonds, counts on moves in the two asset classes to offset one another, with stocks strengthening amid economic optimism and bonds rising during uncertain times.

The stock quoted a 52-week high price of Rs 1509.25 and low of Rs 1002.5.

“The BOJ’s greater emphasis on the need to enhance the JGB market functioning suggests to us an increased likelihood that it will abandon the negative interest rate policy,” Goldman Sachs Japan economist Naohiko Baba wrote in a note.

Prestige Estates Projects key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Other Services, Project Management Fees, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.

Russia’s invasion of Ukraine, spiralling commodity prices that pushed inflation to multi-decades high in developed economies like the US and Europe, steep monetary tightening measures by central banks to tame inflation were the factors behind FIIs pulling out money from the risky asset class.

A total of 140 shares changed hands on the counter till 11:57AM (IST).