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Paytm extends gains, jumps 19% in two days

Updated at : 2021-11-24 12:20:01

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“The Paytm listing fiasco has impacted the image of FPIs as representing smart money. The FPI anchor investors who invested Rs 7,150 crore in Paytm are sitting on huge losses. The message from this fiasco to the retail investors is that valuation of the new-age digital companies is extremely complex with high risk,” said VK Vijayakumar, Chief investment Strategist at Geojit Financial Services.

MRF stock price up 0.87 per cent as Sensex climbs

Updated at : 2021-11-24 12:20:01

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As of 30-Sep-2021, promoters held 27.39 per cent stake in the company, while FIIs held 14.77 per cent and domestic institutional investors had 6.85 per cent.

The company may be looking at secondary market transactions like qualified institutional placement (QIP) and offer for sale (OFS) to depromoterise.

Lupin shares gain 1.73% as Sensex rises

Updated at : 2021-11-24 12:20:01

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The stock quoted a 52-week high of Rs 1267.5 and a 52-week low of Rs 863.55.

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Whirlpool of India Ltd. key Products/Revenue Segments include Domestic Appliances, Sale of services and Export Incentives for the year ending 31-Mar-2021.

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“There has been a big debate about whether ITC is a great value story or not, but at the end of the day, what investors would really focus upon is whether it is actually performing in line with the market in a given timeframe. ”

Shree Cements shares up 0.63% as Nifty gains

Updated at : 2021-11-24 12:20:01

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A total of 273 shares changed hands on the counter till 12:03PM (IST).

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“As economy recovers, play industrials, capital goods, financials, domestic cyclical and even tech”

In the spot market, the highest purity gold was sold at Rs 47,826 while silver was priced at Rs 63,781 on Tuesday, according to the Indian Bullion and Jewellers Association.

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Promoters held 51.45 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 18.22 per cent and 9.1 per cent, respectively.

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