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The stock traded at a P/E multiple of 46.87, while the price-to-book value ratio stood at 19.34.

As of 30-Sep-2024, promoters held 30.3 per cent stake in the company, while FIIs held 18.08 per cent and domestic institutional investors had 24.36 per cent.

Shanti Gold International has submitted draft papers to Sebi for an IPO to issue 1.8 crore new equity shares. Funds will be used for a new Jaipur facility, working capital, debt payment, and corporate purposes. The company, known for gold jewellery, reported increased revenue and profit in FY24. Choice Capital Advisors is the lead manager.

A total of 16,735 shares changed hands on the counter till 11:26AM (IST)

The Nifty IT index was trading 0.46 per cent at 43257.25.

B Prasanna from ICICI Bank discusses the recent depreciation of the Indian rupee due to global dollar strength, suggesting that allowing the rupee to depreciate, injecting liquidity, and considering a rate cut could support growth. He downplays concerns about macroeconomic impacts, citing low inflation and the potential for improved export competitiveness.

Shares of CreditAccess Grameen dropped 5.1% after Goldman Sachs maintained a ‘sell’ rating, citing liquidity pressures and increasing delinquencies, with a target price of Rs 577 per share.

BSE share price: Nuvama forecasts significant growth for BSE, projecting a compound annual growth rate (CAGR) of 39.9% for revenue and 70.8% for adjusted profit after tax (APAT) from FY 2024 to 2027.

As of 31-Dec-2024, promoters held 62.55 per cent stake in the company, while FIIs held 9.88 per cent and domestic institutional investors had 9.89 per cent.