Latest Stock Market News

The Relative Strength Index of the stock stood at 43.34 on Tuesday.

Mutual funds owning shares of Medanta chain of hospitals operator Global Health includes Axis Mutual Fund, Franklin Templeton, Kotak, Motilal Oswal and HDFC AMC. Shares of the hospital stock are trading higher by over 34% from its IPO issue price of Rs 336.

“Earlier Tatas had shelved the plan of giving private equity investors a stake in Tata Technology. Maybe the reason to take it public could be that on one hand, in both aviation as well as in the autonomous vehicle segment or EV segment, they have seen technology development which could be leveraged across Indian peers.”

V-Guard Industries key Products/Revenue Segments include Electricals, Consumer Durables, Electronics & Mechanical Components, Scrap, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.

The stock quoted a 52-week high price of Rs 10760.4 and a 52-week low of Rs 5342.45.

This order is for civil and structural works at the Panipat Refinery Project complex. The company has secured orders from Indian Oil for the construction of civil and structural works in Panipat, Haryana, the filing further added.

As of 30-Sep-2022, promoters held 14.72 per cent stake in the company, while FIIs held 23.76 per cent and domestic institutional investors had 28.0 per cent.

Given the net worth of Rs 13,564 crore, the maximum buyback of Paytm from the tender route can be Rs 3,391 crore and the maximum buyback through the open market can be Rs 2,035 crore. If Paytm wants to avoid a special resolution, it will have to do a buyback of less than 10% of net worth, which comes close to Rs 1,356 crore, according to a report by ET Now.

The stock has made a decent correction right from 7750 to 6387 levels and has made a trend reversal with MORNING STAR pattern on the daily chart to indicate improvement in the bias and further rise is anticipated.

Which brings the focus to flows. FIIs have sold close to $20 billion in CY22 but were buyers for four of the past five months. In comparison, equity fund flows into mutual funds (including ETF) have topped $45 billion, a massive increase over previous years, save for a nuance. Non-SIP flow in mutual funds has been negative for four of the past five months.