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Members of the promoter family of Godrej Industries Group, including Nadir Godrej and the children of his brother Adi Godrej, have taken control of flagship firm Godrej Industries Ltd (GIL) with a 64.66 per cent stake under the settlement agreement, GIL said in a regulatory filing on Friday.

Chris Wood notes $7.6 billion monthly retail inflows boosting Indian equity ownership to 18.4% by FY24 from 16.6% in FY21, while foreign institutional ownership is 19.9%.

The Nifty Realty index closed 2.36 per cent down at 1096.2.

JSW Steel Q1 Results: Revenue from operations in the June quarter increased 2% year-on-year to Rs 42,943 crore.

There is always sector rotation. But the leadership that we have seen in power, capital goods, defence, railways, the so-called cyclical sectors is not going away anytime soon. They may go sideways, they may correct, but that is part of the healthy trend. It is a long-term trend and is not expected to reverse soon, says Hiren Ved.

The stock quoted a 52-week high price of Rs 464.3 and low of Rs 216.95.

Cryptocurrencies traded mixed on Friday with Bitcoin down 0.9% and Ethereum up. The global market cap dropped 0.8%. Bitcoin consolidates around $63,000, briefly hitting $65,000.

So, again, the broader global market set-up as well as the domestic set-up does not look so negative. Yes, intermediate corrections are part and parcel which will be short-lived. But it should be looked at as a buying opportunity

As of 30-Jun-2024, promoters held 37.01 per cent stake in the company, while FIIs held 27.87 per cent and domestic institutional investors had 8.5 per cent.

Lotus Chocolate, under Reliance Consumer Products, experienced a significant surge in shares, reaching an all-time high after reporting a substantial increase in Q1 profit. The company, known for high-quality chocolate products, has shown remarkable growth and aims to compete with major confectionery players in the market.