Latest Stock Market News

A total of 34,247 shares changed hands on the counter till 01:35PM (IST).

“About 78% of banks are saying that the frauds will continue to rise in the next two years as well.”

Goldman Sachs has a target of Rs 9,100 on Maruti Suzuki. This brokerage is expecting investor focus on the counter to pick up amid new product launches. The foreign brokerage is expecting the first EV launch by Maruti before calendar 2025.

HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2020.

"Nifty50 patterns continue to point towards 18,600 and beyond, while the vulnerability that has been in discussion lately does not seem potent to lead to collapse. At least not yet. Oscillators are near the upper bound but are less likely to force a pullback beyond 18,150-119, which is required to fancy a fall towards 17,600 level," said Anand James - Chief Market Strategist at Geojit Financial Services.

The company during the quarter raised Rs 600 crore through qualified institutional placement to expand capacities and build network solution capabilities to tap the upcoming opportunities in the telecom and defence sectors, PTI’s report said.

Promoters held 37.4 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 18.89 per cent and 0.02 per cent, respectively.

The revenue from operations grew 94.7 per cent from a year ago to Rs 597.3 crore. The company announced an interim dividend of Rs 7 per share.

The Ebitda declined 6 per cent to Rs 23 crore compared with Rs 25 crore posted last year. The company’s margin contracted to 22 per cent in the December 2021 quarter as against 32 per cent in the same period a year ago.

PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 7787.25 Crore) operating in Infrastructure sector.