Latest Stock Market News

Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 11.45 per cent and 7.62 per cent, respectively.

The company entered the hospitality sector in 2004 with the launch of its first property, Grand Mercure Bangalore, which commenced operations in 2009. Currently, Brigade Hotel Ventures boasts a diverse portfolio of nine operational hotels across key locations such as Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, collectively offering a total of 1,604 rooms.

On Wednesday, Elcid surged by an unprecedented 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250 after a special call auction on October 29 aimed at discovering the fair value of undervalued holding firms. The stock rose further on Thursday, reaching Rs 2,48,062.5 — a staggering 70,27,166% increase from Rs 3.53.

A total of 28,104 shares changed hands on the counter till 01:01PM (IST)

The stock quoted a 52-week high of Rs 1650.00 and a 52-week low of Rs 1011.50.

Shares of Tata Power rose 2.9% to Rs 439.50 after reporting a net profit of Rs 1,533 crore for the September 2024 quarter, a 51% year-on-year increase. Revenue from operations fell 1% to Rs 15,247 crore. Consolidated EBITDA grew 23% to Rs 3,808 crore, driven by solar manufacturing and operational efficiency.

On the technical charts, the RSI of the stock stood at 53.63.

The Nifty Realty index was trading 0.14 per cent at 999.65.

Promoters held 46.09 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 19.02 per cent and 15.27 per cent, respectively.

The stock traded at a P/E multiple of 11.51, while the price-to-book value ratio stood at 1.26.