Latest Stock Market News

The Relative Strength Index of the stock stood at 44.18 on Tuesday.

The stock traded at a P/E multiple of 82.06, while the price-to-book value ratio stood at 5.36.

Adani Group has ambitious plans to double the combined capacity of ACC and Ambuja Cements to 140 MTPA in the next five years. Ambuja Cements has a cash equivalent of Rs 3,479 crore as of September 2022.

Nippon Life India Asset Management, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 14946.32 Crore) operating in Financial Services sector.

Flourishing Trade and Investments Ltd. encumbered 0.56% more shares of Adani Ports & Special Economic Zone Ltd. to Catalyst Trusteeship Ltd., according to an exchange filing Tuesday. Catalyst, which is acting as a security trustee on behalf of lenders, now holds 5.11% shares of the port operator under pledge, it said.

A total of 50,952 shares changed hands on the counter till 01:22PM (IST).

The stock quoted a 52-week high of Rs 900.0 and a 52-week low of Rs 557.0.

A total of 49,597 shares changed hands on the counter till 12:09PM (IST)

Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 97397.37 Crore) operating in IT Software sector.

“The government has Rs 1.5 lakh crore of surplus from subsidy. The RBI has the legroom to give at least Rs 80,000 crore to Rs 1 lakh crore more by way of dividend to the government. If I take both of this into account, there will roughly be Rs 2.25 lakh to Rs 2.5 lakh crore of extra ammunition right in this Budget which was not there last year.”