Latest Stock Market News

The partially convertible rupee opened at 74.4600/$1 against 74.5000/$1 at the previous close. The Indian currency, which was last at 74.5600/$1, travelled in a band of 74.4900-74.5700/$1 so far in the day.

The earnings before interest, tax depreciation and amortisation (EBITDA) rose 25% YoY to Rs 537 crore. The EBITDA margins for the third quarter stood at 24%. Biocon said had it not been for mark-to-market loss attributed to Biocon Biologics’ equity investment in Adagio, its core EBITDA stood at Rs 715 crore with a margin of 33%.

As of 31-Dec-2021, promoters held 0.0 per cent stake in the company, while FIIs held 14.93 per cent and domestic institutional investors had 13.97 per cent.

Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 48162.73 Crore) operating in IT Software sector

“List four-five sectors and 10-12 stocks and start deploying whenever you see this type of correction setting in the markets.”

On Thursday, Hindustan Unilever Ltd reported an 18.68 per cent increase in consolidated net profit to Rs 2,300 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 1,938 crore in the October-December period of the previous fiscal.

Time period given by analyst is one year when Rallis India Ltd. price can reach defined target.

Shares of Tranway Technologies, Triveni Glass, Orosil Smiths, Kellton Tech, BCL Enterprises, Ruttonsha International Rectifier, Tinna Rubber and Infra, Shanti Educational and Zodiac Energy have jumped between 100-145 per cent during the period under review.

The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said, "Gold paused as dollar index bounced back after a brief correction gaining support from expectations that Fed may tighten monetary policy at a faster pace. However, supporting price is a retreat in bond yields from recent highs, inflationary concerns, geopolitical tensions and virus concerns."