Latest Stock Market News

Economic conditions in India have been promising over the last few years and that regulatory challenges that various industries faced, the corporate NPA cycle, is behind us, he said.

Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 90939.36 Crore) operating in Power sector.

Santosh Meena, Head of Research, Swastika Investmart, said Paytm is attracting some buying interest in the Rs 500-600 zone amid lots of negativity.

As of 31-Dec-2021, promoters held 43.49 per cent stake in the company, while FIIs held 35.31 per cent and domestic institutional investors had 1.56 per cent.

In morning trade on BSE on Wednesday, shares of Paytm rose 3 per cent to Rs 627.85 apiece.

Time period given by analyst is one year when ICICI Prudential Life Insurance Company Ltd. price can reach defined target.

The Relative Strength Index of the stock stood at 55.25 on Wednesday.

“Don’t buy everything which is down 40-50%, it will be good to filter out some names where the business model looks a little better, the management pedigree is better or one can also look for a two-three-year kind of investment in some of the names. Nykaa definitely stands out. Maybe to some extent, Policybazaar and maybe an IRCTC.”

A total of 69 shares changed hands on the counter till 12:38PM (IST)

The government is discussing selling as much as a 7% stake in LIC through the listing, according to the people, who asked not to be identified because the information is private.