Latest Stock Market News

A total of 248,595 shares changed hands on the counter till time (IST).

Adani Total Gas Q1 Results: Revenue from operations in the reporting period rose 9% year-on-year to Rs 1,239 crore as against Rs 1,135 crore posted in the last year period. The company reported an EBITDA of Rs 296 crore in the first quarter, marking a 21% year-on-year increase due to higher volumes. Margins also improved to 23.9%. CNG volumes grew by 20% year-on-year during the reporting quarter, driven by network expansion across multiple geographical areas.

The Relative Strength Index of the stock stood at 65.96 on Monday.

Tata Consumer Products saw a significant revenue boost in the first quarter, fueled by solid growth in the India foods segment and moderate performance in beverages. Profit estimates from analysts were mixed. Improved EBITDA margins are anticipated, while tea and coffee prices remain key factors. Various segments experienced mixed growth trends amid cost challenges.

So, the direction of the market is really dependent on how these volatile components behave and the message we want to give out to investors is that they should expect markets to be volatile, markets to be cyclical. It is unlikely that markets will always be unidirectional.

Cryptocurrency markets rose after former President Donald Trump’s speech at the Bitcoin Conference in Nashville. Trump announced intentions to establish the US as a crypto hub if re-elected. Bitcoin and other altcoins experienced substantial growth, reflecting investor optimism.

Promoters held 0.79 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.1 per cent and 11.86 per cent, respectively.

A total of 20,788 shares changed hands on the counter till 01:45PM (IST).

On the technical charts, the RSI of the stock stood at 55.77.

The Nifty IT index was trading 0.27 per cent down at 40866.75.