Latest Stock Market News

“It would be too early to conclude that markets have climbed the wall of worry. Over the short term, over the last one month or a few weeks may be yes, but if we are looking at the rest of the year over the next two quarters or so, we still have to hold our horses as far as reaching that conclusion is concerned.”

On the technical charts, the 200-day moving average of the stock stood at Rs 544.13.

Promoters held 54.9 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 18.21 per cent and 11.55 per cent, respectively.

The footwear stock with a market capitalization of more than Rs 25,000 crore rose from Rs 1,678 on 29 June 2022 to Rs 1,964 on 29 July, which translates into an upside of about 17 per cent.Short-term traders can look to buy the stock now or on dips for a possible target of Rs 2,262 in the next 1-3 months which will surpass its 16 November 2021 high of Rs 2261.65 on the BSE, suggest experts.

The stock quoted a 52-week high of Rs 1696.15 and a 52-week low of Rs 1002.5.

The earnings for the online flight and hotel services provider, which operates under the brand name of EaseMyTrip, were supported by a strong demand recovery in the global travel segment.Following the development, shares of Easy Trip Planners rallied about 3 per cent to Rs 437.50 on Monday, before giving up their gains and trading almost flat. The stock settled at Rs 425.60 on Friday.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 25.18 per cent and 14.53 per cent, respectively.

ICICISecurities said with an improved growth profile and optimal capital utilisation, with benefits of likely credit rating upgrade, this move is unlikely to be earnings or return on equity (RoE) dilutive, said analysts.

Kiddopia revenue grew 0.8 per cent YoY to Rs 52.50 crore while E-sports revenues were up 92.3 per cent YoY at Rs102.3 crore. Revenues of the telco subscription segment declined 16.2 per cent YoY to Rs 15 crore. Real money gaming was up 527.3 per cent to Rs 13.8 crore and freemium revenues were up 27.6 per cent YoY to Rs 7.4 crore.

A total of 70,087 shares changed hands on the counter till 12:07PM (IST)