Latest Stock Market News

Ceigall India set an IPO price band of Rs 380-401, open from August 1 to 5, raising Rs 1,186.11 crore. The offering includes a fresh issue of Rs 617.69 crore and an offer for sale. Proceeds will be used for equipment purchases, debt repayment, and general corporate purposes.

A total of 1,890 shares changed hands on the counter till 12:43PM (IST)

Promoters held 62.55 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 11.85 per cent and 7.91 per cent, respectively.

The stock quoted a 52-week high price of Rs 813.0 and a 52-week low of Rs 554.0.

DLF has developed over 178 real estate projects and developed an area in excess of 349 million square feet (approx.). DLF Group has 220 msf of development potential across residential and commercial segments. The group has an annuity portfolio of over 44 msf.

The Relative Strength Index of the stock stood at 60.71 on Monday.

Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.

RITES Share Price Latest Updates: In Q4 FY24, state-owned RITES experienced a slight decline of 1.59% in its consolidated net profit, reaching Rs 136.67 crore, attributed to a decrease in revenues. This compares to a profit of Rs 138.89 crore recorded in the same period the previous year.

Cement Stocks: This quarter’s results show the asset quality seems to have peaked and the best of the asset quality seems to be behind the banking sector, which is fine, like it is an industry where there will be cycles of NPA formation and cut-downs. However, the upswings will be much lower, says Sandip Sabharwal