Latest Stock Market News

“The Street probably will give Maruti a bounce back because it has underperformed but it is a difficult call to take right now. I would say it is not the best to buy at this point. ”

Rakesh Jhunjhunwala said he has been owning Titan shares for 20 years but has not seen quarterly results like the one seen in the September quarter.

As of 30-Sep-2021, promoters held 55.99 per cent stake in the company, while FIIs held 17.88 per cent and domestic institutional investors had 13.17 per cent.

“IPO is a good time to enter these stocks but one has to wait for the listing to happen and then decide whether one wants to continue with this holding or buy afresh. That is a call that has to be taken.”

The stock quoted a 52-week high price of Rs 385.75 and a 52-week low of Rs 91.25.

A total of 284,075 shares changed hands on the counter till 02:13PM (IST).

Constant currency growth of around 20% was reported in manufacturing (25% of Group revenues), consumer goods (13% of Group revenues) and services (5% of Group revenues).

Its total income during July-September 2021, however, fell nearly 15 per cent to Rs 513 crore, against Rs 603 crore in the year-ago period, Poonawalla Fincorp said in a regulatory filing.

Consolidated net revenue from operations stood at Rs 944.37 crore in the second quarter as compared to Rs 638.44 crore in the year-ago period.

Geojit, which was the first brokerage to begin online trading way back in 2000, said its broking income grew marginally from Rs 72 crore to Rs 75 crore, while income from equity trading fees grew 8 per cent to Rs 90.3 crore from Rs 83.50 crore.