Latest Stock Market News

Shares of ONGC have increased by 22.4% in the last one year, however, have fallen by 8.1% and 8.5% in the last 6 months and 3 months respectively, according to the BSE Analytics.

Paras Defence and Space Technologies announced that it had obtained a license from the Department for Promotion of Industry & Internal Tradse (DPIIT) to manufacture Light Machine Guns (LMGs).

This upgrade reflects a more positive outlook on the company following recent favorable news flow, particularly concerning its biologics business.

As of 30-Sep-2024, promoters held 70.08 per cent stake in the company, while FIIs held 8.41 per cent and domestic institutional investors had 2.87 per cent.

The Nifty IT index was trading 0.38 per cent at 43508.85.

A total of 172,774 shares changed hands on the counter till 11:11AM (IST)

Adani Enterprises Ltd, "has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)... with Indorama Resources Ltd, Thailand," AEL said in the filing. The company further added, "VPL is incorporated with the object to set Refinery, Petrochemical and Chemical business."

Shares of Union Bank of India dropped 7.8% while Bank of Baroda and Punjab & Sind Bank slid 5.9% and 5.2%, respectively.

Bhamre said that oil marketing companies such as HPCL and BPCL are witnessing profit booking after gains, and stocks such as Indraprastha Gas and Mahanagar Gas are under pressure as they are not expected to get subsidised gas anymore.