Latest Stock Market News

Motilal Oswal upgraded DCB Bank’s stock to ‘buy’ at Rs 175, projecting a 21% earnings CAGR over FY24-26E, with positive outlook on RoA/RoE and asset quality, while DCB Bank shares have shown mixed performance in the market.

FIU imposes Rs 18.82 crore penalty on Binance for alleged anti-money laundering law violation.

Dindigul Farm Product IPO opened for subscription earlier today and has already been subscribed over 3X so far. The shares are trading with a premium of Rs 74 in the unlisted market as compared to an offer price of Rs 54. This indicates a listing gain of nearly 137% if the trends sustain.

Indian major equity indices experienced subdued trading on Thursday as investors opted to secure profits following the benchmarks reaching record highs earlier in the week.

Deepak Parekh-backed multi-speciality healthcare provider Nephro Care India Limited (NCIL) is likely to raise around Rs 40 crore through the initial public offering (IPO) to fund its expansion plans.

The rupee declined to a lifetime low of 83.62 against the U.S. dollar in the latter half of Thursday’s trading session and was last quoted at 83.5975. The local currency had closed at 83.4550 in the previous session.

Vraj Iron and Steel, which is set to launch its initial public offering (IPO) on June 26, Wednesday, has disclosed a price band of Rs 195 to Rs 207 per equity share. The IPO includes a fresh issue worth Rs 171 crore.

Rashmi Saluja and the other directors have been saying that the Burmans are not fit and proper, but they have not furnished any documentary evidence and this is made out even in the SEBI order. All these are frustrating, not just for the company, the interest of the shareholders and also frustrating securities law and the regulator itself, says Shriram Subramanian.

​The approach that we have chosen is different which is that we are buying only from the IPL teams. The IPL teams are the mutual fund equivalents in our case which themselves are scouting across all of these Ranji Trophy players.

​According to data from stockedge.com on June 19th, four stocks with market capitalization exceeding Rs 10,000 crore were identified in the RSI Trending Up scan.