Latest Stock Market News

A total of 45,821 shares changed hands on the counter till 12:58PM (IST).

The Relative Strength Index of the stock stood at 19.41 on Tuesday.

NTPC Green Energy Limited (NGEL) is aiming to achieve a capacity of 60 gigawatts by 2032, focusing on large-scale solar and wind projects. The company, a subsidiary of NTPC, recently launched an IPO, with NTPC remaining the majority shareholder. NGEL emphasizes solar energy due to its predictability and integration capabilities with storage solutions.

Despite a significant correction in the Indian stock market, approximately 29 small-cap stocks have shown resilience, delivering returns of up to 118%. This impressive performance comes amidst global economic uncertainty and weak second-quarter results. Analysts suggest a cautious approach, recommending selective investment in small-cap stocks with strong fundamentals and growth potential.

​​Market expected that Federal Reserve eventually will get down to 3% very quickly within 2025. It was little too much to expect. My sense is the terminal rate for Federal Reserve should be around 3.5% looking at the strength of the economy.

The Indian government is considering selling minority stakes in four state-run banks, including Central Bank of India and Punjab and Sind Bank, to meet public shareholding norms. The government may sell the stakes through an offer for sale in the open market, with the timing and size of the sale dependent on market conditions.

Honasa Consumer share price: Shares of Honasa Consumer, the parent company of Mamaearth, fell 34% over two days, hitting a 52-week low of Rs 242.60, following disappointing Q2 results. Mamaearth’s stock dropped 18% on Tuesday after a 20% decline on Monday. The company reported a net loss of Rs 19 crore, with revenues down 7% to Rs 462 crore due to sluggish demand and operational challenges.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 18.25 per cent and 24.32 per cent, respectively.

A total of 222,342 shares changed hands on the counter till 10:45AM (IST).

The stock quoted a 52-week high price of Rs 2104.95 and low of Rs 1273.40.