Latest Stock Market News

​ European stocks were subdued on Monday, with several major markets closed and investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.

​In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not.

Garuda Construction and Engineering will issue shares that have a face value of Rs 5 and consist of a fresh issue of up to 18.30 million equity shares and an offer for sale of up to 9.50 million equity shares by promoter PKH Ventures.

​So, now 31% margin for Divi’s is a good thing as against the lower margin what it used to clock. And going forward, this kind of margins are sustainable because custom synthesis business is doing good and they also have good order pipeline.

The Relative Strength Index of the stock stood at 69.08 on Monday.

Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 16.47 per cent and 19.82 per cent, respectively.

Manappuram Finance MD, VP Nandakumar, remains unaffected by RBI regulations, with strong profitability and 19% AUM growth. NIMs fell to 15%. Nandkumar says: "We have a level playing field even when we introduced that. So, it has not affected the business negatively. We are right on track as far as our guidance is concerned."

The research division of the bank raised its 2030 crude oil demand forecast to 108.5 million barrels per day (bpd) from 106 million bpd, and expects demand to peak at 110 million bpd in 2034, followed by a long plateau till 2040, analysts led by Nikhil Bhandari said in a report.

The stock quoted a 52-week high price of Rs 656.15 and low of Rs 404.0.