Latest Stock Market News

Rate this item

(1 Vote)

Tracxn Technologies is one of the leading global providers of differentiated private market data and intelligence in a highly competitive industry but it reported negative EBITDA in the previous three financial years, said Anand Rathi Wealth, assigning an avoid rating to the issue.

"What clients are seeking to achieve through technology, the nuance of it keeps on changing, but there is no denying the fact that technology is at the core of both – growth transformation as well as the optimisation agenda"

It sells the products of companies such as Hindustan Unilever, Reckitt Benckiser, Dabur, Himalaya, TTK Prestige, Colgate Palmolive, Philips India, Haier, Parle Agro, Bajaj Consumer, Britannia Industries, Tata Consumer Products and more.

This stock has broken out of its falling trend line placed at Rs 188 levels with a strong quarterly close above it. It can be seen on the quarterly charts that the stock post hitting the levels of 216 corrected back to its major support placed at Rs 80 levels in March 2020 quarter, Sujit Deodhar, Head - Technical Analyst, Wellworth Share & Stock Broking.

Rate this item

(1 Vote)

As of 30-Jun-2022, promoters held 46.82 per cent stake in the company, while FIIs held 14.27 per cent and domestic institutional investors had 15.86 per cent.

While the deal momentum is strong, concerns of an impending recession in the US and Europe – two major markets for the IT industry — has clouded the growth outlook for the sector.

Aurobindo Pharma shares fall 3.42% as Nifty drops

Updated at : 2022-10-11 15:20:01

Rate this item

(1 Vote)

A total of 383,982 shares changed hands on the counter till time (IST).

Ashok Leyland declines 2.69% as Sensex slides

Updated at : 2022-10-11 15:20:01

Rate this item

(1 Vote)

The stock traded at a P/E multiple of -2636.7, while the price-to-book value ratio stood at 4.71.

The management in the 4QFY22 earnings concall highlighted its intent to monetize some assets, mainly land in order to improve liquidity. "The company is not envisaging any expansion plans, given the low capacity utilization. Hence, the future growth plans of the company look uncertain," said Motilal Oswal.

According to the brokerage, all three businesses of the company are in recovery mode. “While the India CV business will see a cyclical recovery, the India PV business is in a structural recovery mode. JLR is also witnessing a cyclical recovery, supported by a favorable product mix. However, supply-side issues will defer the recovery process."

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.