Latest Stock Market News

NOCIL, incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 4180.17 crore) operating in Chemicals sector.

As of 31-Mar-2022, promoters held 50.05 per cent stake in the company, while FIIs held 12.75 per cent and domestic institutional investors had 9.23 per cent.

BNP Paribas listed out a three-point investment framework for stock selection, saying that the three factors were necessary though not sufficient conditions for stock returns over the long term.

​ TeamLease Services, incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 5804.35 crore) operating in Services sector.

The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get 15 per cent allocation. The remaining 35 per cent shares will be given to the retail bidders

A total of 21,616 shares changed hands on the counter till 11:31AM (IST)

“The beauty of this market is one does not have to sit in cash. Now there are opportunities. I am not recommending but I am just giving you what my portfolio has. It has things like the IndiGrid Trust, Power Grid Trust, real estate REITs which are giving quarterly returns, the share prices are good, people are buying because the asset values are going up at the end of the day.”

Stocks that were in focus include names like Dr Lal PathLabs, which was down more than 6 per cent, Metropolis Healthcare fell more than 9 per cent, and MRPL rose nearly 10 per cent.

The auto major with a market capitalisation of Rs 2.2 lakh cr bounced back after hitting a 52-week low of Rs 6,540 back in March 2022 but has remained volatile since then.

"I believe that in the latter half of 2022, if inflation comes under control and if the situation in eastern Europe doesn’t worsen anymore could support equity markets. It will be important to keep an eye on how the consumers (countries in this case) deal with the shortfall in agricultural products from Ukraine & Russia and what the decline in Russian fossil fuel exports to G7 countries would mean to energy supply and energy prices."