Latest Stock Market News

Enviro Infra Engineers is gearing up for an initial public offering (IPO) to raise capital for working capital, debt repayment, and a sewage treatment plant project. The IPO, scheduled for November 22-26, aims to raise up to Rs 650.43 crore with a price band of Rs 140-148 per share. Listing is anticipated on November 29.

Solar Energy Corporation of India (SECI) issued a show-cause notice to Reliance Power and its subsidiary, Reliance NU BESS, for allegedly submitting fake bank guarantees. SECI discovered that the bank guarantee submitted by Reliance NU BESS was fake and has barred the companies from participating in its tenders for three years.

We expect the market to consolidate in a broader range with sector rotation and intermittent volatility. Nonetheless, rural demand, festive sales, and the wedding season should bolster consumption sectors.

Several companies, including Cochin Shipyard, ONGC, and Info Edge, are approaching their dividend ex-date on November 19th. This means investors have until the end of today to purchase shares and be eligible for upcoming dividend payouts.

Five stocks, Aarti Industries, Aditya Birla Fashion and Retail, Gujarat Narmada Valley Fertilizers & Chemicals, Granules India, and Hindustan Copper, were put on F&O trade ban on Monday as their open interest crossed 95% of the market-wide position limits. The ban will be lifted if the open interest falls below 80%. This restriction does not apply to index traders.

Alibaba Group, the Chinese e-commerce giant, is looking to raise $5 billion through a multi-tranche bond offering. The offering will include both dollar and offshore Chinese yuan bonds, with varying maturities ranging from 3.5 years to 30 years. The company plans to use the proceeds for general corporate purposes, including debt repayment and share buybacks.

The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Procter & Gamble Hygiene & Healthcare announced a final dividend of Rs 95 per share for FY24. Today is the last day to buy shares to be eligible for the dividend as the stock goes ex-dividend tomorrow. The record date is November 18, and the Annual General Meeting is scheduled for November 25.

The markets can fall maybe 2-3% more or maybe they would not. I do not know. But we are more near value emerging on the largecap side rather than trying to say that market will fall another 10%, which is the kind of theory going around now, which is always there

​So, both are similar sized companies. They have similar market share. Only the thing is Swiggy is likely less profitable. So, the valuation differential could be made up. So, clearly one can buy Swiggy at current levels.