Latest Stock Market News

Promoters held 50.21 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 26.0 per cent and 14.09 per cent, respectively.

On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23500 strikes, while the maximum Put OI is placed at 23400 and then towards 23000 strikes.

Paras Defence shares advanced 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was also trading around 12% higher. Mazagon Dock, Cochin Shipyard, and Astra Microwave were also trading around 5-8% higher.

​Stock might look a bit rich in terms of near-term valuations over the next four or six quarters, but I still think from a medium-term perspective the outlook for the group and business or stocks continues to remain positive.

​According to stockedge.com data, on June 14, six stocks from the Nifty200 pack were identified in the RSI Trending Up scan.

A total of 8,435 shares changed hands on the counter till 10:40AM (IST)

On the technical charts, the RSI of the stock stood at 55.28.

While the incumbent government securing its third term bodes well for market stability, it does juxtapose them with some dependency on allies for imperative policy decisions.