Latest Stock Market News

The stock quoted a 52-week high price of Rs 1372.0 and a 52-week low of Rs 959.55.

Foreign institutional investors (FIIs) increase holdings in 10 out of 12 PSU banks in March quarter, with 4 stocks giving multibagger returns.

Chakri Lokapriya recommends investing in Hindustan Aeronautics, Bharat Dynamics, Titagarh Wagons, Ircon for growth potential in defence and railways sectors. Lokapriya also says that market volatility will continue as we move closer to the final election result announcement though there has been some amount of respite because the valuations have corrected a bit.

Oberoi Realty shares soared 7% to a 52-week high of Rs 1,629 on BSE after reporting a remarkable 64% YoY surge in net profit to Rs 788 crore for the March quarter. Revenue rose by 36.8% to Rs 1,314.8 crore, with a significant improvement in EBITDA and margin.

The bearish positions in the derivatives market have come at a time when overseas investors have pulled out about $4 billion from local stocks since early April, reflecting a cautious outlook about the outcome of the elections.

A total of 13,597 shares changed hands on the counter till 01:08PM (IST)

The Nifty Realty index closed 0.88 per cent up at 955.25.

In morning trade, the stock had given up some gains by trading up 0.3% at Rs1289.15, after touching an intraday high of Rs1312.80 on the BSE.

This can be seen as a potential indication of increased selling pressure.