Latest Stock Market News

A total of 7,284 shares changed hands on the counter till 11:36AM (IST)

According to BSE data, at 11:10 am investors made bids for 2,06,83,680 equity shares or 13 per cent compared to the 16,20,78,067 equity shares offered for subscription.

The majority of the companies announced their earnings for the March 2022 quarter from the commodity consumer sectors such as industrials, autos and consumption, along with services including IT and financials. The brokerage said the service sector is less impacted due to commodities but has its own cost challenges, whereas commodity consumers will continue to feel the heat of rising input costs in the subsequent quarters.

The brokerage retained SELL rating with a revised target price of Rs 1,215 (earlier Rs 1,205). Key risks to our call are a stronger-than-expected uptick in GPL’s sales volumes and double-digit price growth, it said.

“It would be difficult to gauge that but from a purely listing gain point of view and short to medium term perspective, given the attractive pricing and stronger numbers that LIC offers, there is an opportunity for everyone. Those who want to, should go ahead with subscribing to the IPO.”

Brent crude futures rose 89 cents, or 0.9%, to $105.86 a barrel by 0223 GMT. West Texas Intermediate crude futures rose 97 cents, or 1%, to $103.38 a barrel.

“Warren Buffett has aged somewhat and lost that clarity of speech to some extent. He takes pain to speak at times but his insights, sharpness, his memory is intact and he loves talking. At times he said I have forgotten what questions you asked and what I am talking about.”

As of 31-Mar-2022, promoters held 54.9 per cent stake in the company, while FIIs held 19.9 per cent and domestic institutional investors had 10.68 per cent.

JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 50134.75 Crore) operating in Power sector.

Gold futures on MCX dropped 0.38 per cent or Rs 195 down at Rs 50,613 per 10 gram. However, silver futures were trading lower by 0.27 per cent or Rs 173 at Rs 62,876 per kg.