Latest Stock Market News

Ratan Tata’s wealth, largely sourced from Tata Sons, stood at Rs 3,500 crore, putting him at 433rd position on the IIFL Wealth Hurun India Rich List 2021. In the 2020 list, Ratan Tata’s ranking was 198th with wealth at Rs 6,000 crore.

In the spot market, highest purity gold was sold at Rs 45,851 per 10 gram while silver was priced at Rs 58,118 per kg, according to the Indian Bullion and Jewellers Association.

The stock quoted a 52-week high price of Rs 604.0 and low of Rs 364.3.

The stock traded at a P/E multiple of 11.33, while the price-to-book value ratio stood at 2.86.

The company is planning to utilize the Pre-Series A funding for its growth making it a platform of choice for Indian Investors.

A total of 615,401 shares changed hands on the counter till 01:26PM (IST).

The blue-chip FTSE 100 index dropped 1.1%, with oil stocks, miners and financials among the worst performers.

Zoom became a household name and an investor favorite as the pandemic clamped down on activity and businesses and schools adopted its services to hold virtual classes and office meetings.

The Relative Strength Index of the stock stood at 40.91 on Friday.

Tatas are believed to have submitted a higher bid than rival Ajay Singh of SpiceJet. The Tata bid is about Rs 3,000 crore higher than the reserve price set by the government and about Rs 5,000 crore more than the bid by Singh, a report in this newspaper cited sources as saying.