Latest Stock Market News

Gautam Adani’s power transmission unit has seen bids exceeding three times the planned amount for its share sale, indicating robust investor interest. Adani Energy Solutions Ltd.’s $1 billion share sale via qualified institutional placement (QIP) has been oversubscribed by both Indian and international institutions, according to sources familiar with the matter.

​You have to cut down on this expiry what you have on a daily basis and the whole objective here is to reduce leverage by making expiry every day you are giving that intraday leverage and making people trade more.

A short buildup occurs with rising open interest and volumes alongside falling stock prices, indicating expectations of a price decline. On Wednesday, five stocks saw new short positions.

So, it is our constant endeavour to increase the relevancy as well as decrease the competition on the platform. So, we continue to tweak the algorithms in a manner so that everybody gets the fair share.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 3.23 per cent.

The MSCI India Index extended its valuation gap over the Asian measure to more than 10 percentage points. The 146-member gauge is trading at 24 times its one-year forward earnings, according to data compiled by Bloomberg.

The yen rose against the dollar Wednesday after Bank of Japan hiked interest rates for the second time in 17 years, while equity markets climbed on growing hopes for a cut in US borrowing costs. "The timing of this (July) interest rate hike is probably appropriate," he said.

The stock traded at a P/E multiple of 14.42, while the price-to-book value ratio stood at 1.7.

Revenue from operations for the reporting quarter rose 8% year-on-year to Rs 2,149 crore as against Rs 1998 crore in the previous year quarter.

On the technical charts, the RSI of the stock stood at 60.87.