Latest Stock Market News

The stock quoted a 52-week high price of Rs 1405.85 and a 52-week low of Rs 1037.8.

“Adani Port and Ambuja Cement ill be good to buy as long as the promoter does not get into any sort of pledge share issue. If we believe that risk is minimal, then these stocks offer value both in terms of overall absolute valuation and because of the way they have fallen and when a business is actually generating real profits, we have to value it differently than others which are on an investment spree and where there are hardly any profits.”

The IPO comprises a fresh issue of 60,49,600 equity shares and an offer for sale of 5,99,200 equity shares with a face value of 10 per share. The company intends to use the proceeds from the IPO primarily for acquisitions of companies in similar/complementary areas and working capital for expanding the business

As Managing Director and representative of the Promoter Group of Pricol Limited, I would like to reiterate that the Promoter group stands absolutely committed to the company and its future prospects,” Vikram Mohan, Managing Director of Pricol said.

A total of 5,565 shares changed hands on the counter till 11:23AM (IST)

The brokerage estimates high single digit volume along with 200 bps operating margin expansion in next two years.

"As the Tatas are coming in with such a large order and full backing for Air India, there is going to be a significant competition for IndiGo, that is InterGlobe. SpiceJet, of course, is already in a different zone altogether. So it is better to stay away. InterGlobe already has other issues of continuous pressure on the counter due to sale by one of the promoters and that is going to continue for next four-five years."

"In case we see a lower high and lower close on Feb 17 compared to Feb 16, then the present upmove could be termed as over. 18135-17881 could be the new trading band for the Nifty in the near term," said Deepak Jasani, Head of Retail Research, HDFC Securities.

An analysis of stocks with a market capitalisation of over Rs 500 crore shows that FIIs have raised their bets in these 9 multibaggers that have rallied up to 533% in the last one year.

“ If you are someone who has no time to follow individual stocks, it is very simple, buy an index tracking fund. When the market corrects, buy a fund that tracks the Sensex and Nifty and keep it for 30 years. If the Sensex doubles, you double the money; if the Sensex goes up 5x as it has in the last say 10-15 years, you will make 5x your money. So it is a great thing to do. ”