Latest Stock Market News

As per ET NOW sources, FinMin is seeking certain relaxation from the RBI for the strategic sale. At present, there are limitations as to who can buy a stake in the lender. FinMin is seeking relaxation in the 10 per cent holding limit by PE firms.

“Markets are really worried about the near one to two quarters in the form of compression and margins. Commentaries from companies which have reported numbers so far seem to be quite positive at least from the demand side.”

“Talking about margins, we are balancing the various levers and we have been investing in hiring much ahead of the curve for the entire last year and maybe five or six quarters and therefore our headcount growth on year-on-year basis is 19.5% and our services growth is 19%. It is pretty much in line, it is half a percent higher and we have continued with the fresher hiring,”

The stock generated a negative return of 53.12 per cent as compared to a 21.65 per cent upside seen in Nifty Financial Services over a three-year period.

On the technical charts, the 200-day moving average of the stock stood at Rs 2089.61.

A total of 228,813 shares changed hands on the counter till 02:11PM (IST).

However, on the weekly charts, the stock is still trading below the 50 and 200-WMA, but bulls helped it to surpass the Rs 1,945 high formed on 30 May 2022 week. Short-term traders can look into buying the stock now or on dips for a possible target towards Rs 2,325-2,725 in the next six months, suggest experts.

A great way to master investing is to follow the investment advice or guru mantras of these all-time great successful investors who have achieved the pinnacle of success in the financial world as their words of wisdom can help investors become better traders and can aid them in creating wealth over the long-term.

Unifarm has a grant from Router Protocol to use their SDK to build ‘Setu’ that comes as a part of a larger round with participation from various blockchain funds and investors.

Grasim Industries saw the maximum addition in the number of shares. The company, where 19 mutual funds own less than a 2 per cent stake, saw a 14.5 per cent addition in the number of shares in June on a month-on-month basis. MFs held about Rs 4,090 crore Grasim shares at the end of June, up 6.8 per cent