Latest Stock Market News

Manish Sonthalia, CIO at Emkay Investment Manager, discusses potential dark horses in commodities, specifically metal, and highlights sectors like public sector units, BFSI, banks, and IT performing well this year. sonthalia says everything seems to be priced into perfection or more than perfection when it comes to the extreme short term or even the short term.

DCM Shriram Industries reported a 23% increase in consolidated net profit to Rs 38.64 crore for Q4 of the 2023-24 fiscal, driven by lower expenses.

IiAS does not see any substantial value unlocking for ITC’s hotel business and thus recommends shareholders to vote against the proposed demerger of the business. The advisory firm called it a lack of clarity on the part of the board of directors on the plan for the 40% holding in the hotels business.

Hyundai Motor India Ltd. plans to file for an IPO in June, International Financing Review reported earlier Monday, when it also said Kotak and Morgan Stanley were joining the syndicate, citing unnamed people with knowledge of the situation. IFR said the listing could raise as much as $3 billion.

The Indian rupee closed slightly down on Monday, unable to build on recent gains as local dollar demand pressured the currency even as most of its Asian peers rose.

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Sensex, Nifty closed marginally lower. Uncertainty over the results of the ongoing general elections put volatility at a high with VIX surging almost 90% in the last one month, including climbing 6.8% on the day. The broader NSE Nifty dropped 25 points or 0.11% to end at 22,932.

The stock quoted a 52-week high price of Rs 2658.0 and a 52-week low of Rs 1355.05.

A total of 23,714 shares changed hands on the counter till 02:09PM (IST).

Ashok Leyland shares surged nearly 6% on BSE to a record high after reporting a 20% YoY increase in its Q4 net profit.