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PI Industries shares gain 0.27% as Sensex rises

Updated at : 2024-06-12 14:20:02

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The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.

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The Relative Strength Index of the stock stood at 47.51 on Wednesday.

​So, I think that sets us up for a potential continued move to the upside. But I do think it can remain. See, till we really significantly surpass say 23,600, we can remain in a consolidation mode ahead of the budget.

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As of 31-Mar-2024, promoters held 63.21 per cent stake in the company, while FIIs held 22.56 per cent and domestic institutional investors had 5.56 per cent.

​Now, the other issues like external vulnerability, those markers also look good. Your current account deficit is in the safe zone. You have ample forex reserves. So, in this global environment where there are too many risks lurking around, we do not know when these risks will play out, but we know that they are, whether it is global debt or it is the Middle Eastern conflict or it is Russia-Ukraine war, all of these can become bigger problems, so you need to have buffers.

Leading cryptocurrencies dipped ahead of key U.S. inflation report and Federal Reserve policy decision. Bitcoin traded at $67,337, Ethereum at $3,519. Altcoins like BNB, Solana, XRP, Dogecoin, Cardano, Shiba Inu, and Chainlink followed the downward trend.

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A total of 11,850 shares changed hands on the counter till 02:09PM (IST)

ICICI Lombard shares fall 1.23% as Nifty gains

Updated at : 2024-06-12 13:20:02

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The stock quoted a 52-week high price of Rs 1747.4 and a 52-week low of Rs 1190.05.

Stock market update: Nifty IT index advances 0.02%

Updated at : 2024-06-12 13:20:02

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The Nifty IT index closed 0.02 per cent up at 34531.45.

Ace investor Ashish Kacholia made a move on Tuesday by selling a portion of his stake in Ador Welding, a small-cap manufacturer renowned for its high-quality welding machines.

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