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Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.

RITES Share Price Latest Updates: In Q4 FY24, state-owned RITES experienced a slight decline of 1.59% in its consolidated net profit, reaching Rs 136.67 crore, attributed to a decrease in revenues. This compares to a profit of Rs 138.89 crore recorded in the same period the previous year.

Cement Stocks: This quarter’s results show the asset quality seems to have peaked and the best of the asset quality seems to be behind the banking sector, which is fine, like it is an industry where there will be cycles of NPA formation and cut-downs. However, the upswings will be much lower, says Sandip Sabharwal

The stock quoted a 52-week high price of Rs 896.75 and a 52-week low of Rs 250.15.

A long buildup, indicating a bullish trend, occurs with rising open interest, volumes, and stock prices. On Monday, five stocks saw fresh long positions.

​Going forward, quarter two will be better than quarter one and quarter three and four are definitely our best quarter in terms of advances, so that will continue, that clearly is going to happen. Our focused attempt on improving portfolio quality over the last two years and very specifically, April 23 onward, some of the specific initiatives that we took are holding up extremely well.

A total of 222,593 shares changed hands on the counter till 11:47AM (IST)

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.

Mitul Kotecha of Barclays noted that markets have been volatile due to political shifts in the US, with Biden stepping down, and upcoming Fed rate decisions. There has been a significant shift in carry trades and risk assets, impacting Asian currencies. Investors are cautious amid geopolitical tensions and uncertainties regarding US elections and economic growth projections.

Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 124555.61 Crore) operating in Pharmaceuticals sector.