Latest Stock Market News

The stock quoted a 52-week high of Rs 5220.0 and a 52-week low of Rs 3493.05.

Rubicon Research IPO News: The company’s IPO comprises a fresh issue of up to ₹500 crore and an offer for sale of up to ₹ 585 crore by the promoter selling shareholder, General Atlantic Singapore RR Pte Limited.

A total of 143 shares changed hands on the counter till 12:54PM (IST)

Sometimes stocks owned for a longer period are sold either to book profit or to exit it in anticipation of impending bearishness.​

​Brokerage firm Way2Wealth has highlighted key stocks for Budget 2024, focusing on their technical strength and return potential. Notable picks include BHEL, NTPC, AU Small etc.

As of 30-Jun-2024, promoters held 51.46 per cent stake in the company, while FIIs held 11.2 per cent and domestic institutional investors had 5.16 per cent.

Maruti Suzuki’s shares surged 4% to a 52-week high of Rs 13,675 on Thursday, following strong Q1 FY24 earnings. The company reported a 46.9% YoY increase in standalone profit to Rs 3,650 crore, exceeding estimates. However, Q1 revenue rose 9.82% YoY to Rs 33,875 crore, missing the estimate.

Hero FinCorp, the financial services arm of Hero MotoCorp, has filed its DRHP with SEBI for an initial public offering (IPO). The IPO will include a fresh issue of shares worth Rs 2,100 crore and an offer for sale worth Rs 1,568 crore. Proceeds will be used to fund future capital requirements, especially for onward lending.

Chakri Lokapriya, Managing Partner at RSB LLP, elaborated on the strong performance of PSU banks compared to private banks, the tactical play of FMCG, and the potential improvements for Coal India and the automotive sector. He noted that Zee Entertainment and Zomato are showing mixed signs, while the real estate sector continues to hold strong with better margins and volumes.