Latest Stock Market News

A total of 2,835 shares changed hands on the counter till 12:59PM (IST).

The IPO of ACME Solar Holdings has garnered significant attention as it opened for subscription on Wednesday. By Thursday, on the second day of bidding, the issue was subscribed to 47%, with the retail portion attracting 1.57 times subscription. However, the grey market premium (GMP) has slipped, indicating a cautious sentiment from investors.

As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 17.5 per cent and domestic institutional investors had 17.51 per cent.

Market expert Neeraj Dewan believes the markets are poised for growth after a recent correction, potentially forming a double bottom. Strong pockets emerged during the results season, particularly in IT and chemicals, which could benefit from a potential "Trump trade." However, FII outflows remain a concern in the near term.

The offering, consisting of a fresh equity issuance of Rs 800 crore and an offer for sale (OFS) of 1.89 crore shares, will be open for bidding until November 11. Through the OFS, Bupa Singapore Holdings and Fettle Tone will sell part of their stakes.

The Relative Strength Index of the stock stood at 45.93 on Thursday.

The stock quoted a 52-week high price of Rs 653.90 and low of Rs 302.15.

MSCI did not include Adani Energy Solutions in its Global Standard Index. This followed a show cause notice issued by SEBI to Adani Energy Solutions. MSCI also reduced the float in Adani Green Energy and Adani Power. Five other Indian companies were included in the index. MSCI increased the weightage of HDFC Bank.

In the MSCI Smallcap Index Rejig, around 13 small cap stocks are to be included The adjustments are scheduled for November 25.

A total of 31,203 shares changed hands on the counter till 10:20AM (IST)