Latest Stock Market News

ITC reported a minor increase in first-quarter net profit to Rs 4,917.45 crore, falling short of street estimates. Revenue in its FMCG and hotel segments rose, while cigarette business volumes grew steadily. Analysts maintain a positive outlook, setting target prices between Rs 530 and Rs 585.

​One is while the election verdict still gives a reasonable stable government, it still is a coalition government, not as per the anticipations of what the market was anticipating and we have also had some kind of a tinkering as far as capital gains is concerned.

The National Stock Exchange of India warned investors against Amit Lilhare, affiliated with a registered stock broker, who promised guaranteed stock market returns and collected commissions. The exchange is taking disciplinary measures. Previously, SEBI cautioned investors about unregistered entities offering assured and high returns on investments.

SEBI, under Madhabi Puri Buch, is using AI to streamline IPO applications, aiming for faster approvals through template-based forms. Buch reassured industry leaders that SEBI focuses on compliance, not minor details like application language. Recently, SEBI returned IPO filings from several companies, emphasizing India’s global leadership in IPO numbers.

The stock quoted a 52-week high price of Rs 2843.0 and a 52-week low of Rs 1803.8.

The Topix sank 6.1% Friday, completing a two-day drop of 9.2% in the wake of Bank of Japan’s earlier-than-expected rate hike Wednesday and Governor Kazuo Ueda’s hawkish messaging. The Topix joined the Nikkei 225 Stock Average in entering a technical correction.

Promoters held 46.86 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 9.51 per cent and 7.24 per cent, respectively.

Suryoday Small Finance Bank reported a 46% jump in net profit for the June quarter at Rs 92.7 crore over Rs 63.4 crore in the year ago period. Its operating profit was 23% higher at Rs 144 crore against Rs 117 crore.

The stock quoted a 52-week high price of Rs 3244.65 and low of Rs 2293.1.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 21.85 per cent and 6.74 per cent, respectively.