Latest Stock Market News

“What we have witnessed in the last 10 years is a complete sweep out of leverage in every possible segment within the economy. So while there are some pockets here and there, some restructuring has happened, some guarantee schemes (some of that will fail) have come but we probably are not going to go back to anything that we have witnessed in the last three years and certainly not in the last six-seven years.”

A total of 42,384 shares changed hands on the counter till 12:28PM (IST).

Despite the recent rise, analysts are bullish on the counter on a technical basis, suggesting investors to buy it in the near term.

The Relative Strength Index of the stock stood at 39.11 on Thursday.

The stock traded at a P/E multiple of 53.75, while the price-to-book value ratio stood at 2.01.

As of 31-Dec-2021, promoters held 46.74 per cent stake in the company, while FIIs held 18.88 per cent and domestic institutional investors had 13.61 per cent.

“Don’t go all in but gradually nibble your way into a bank like ICICI Bank. I do not think it is wise to compare this geopolitical event with any other because we do not know how fluid the situation could be but the prices are getting more and more attractive for long-term investors and gradual accumulation is a far better approach. ”

“Opening up trade is one which can be much stronger than what people are anticipating because we are seeing travelling picking up, hotel booking picking up and people coming back to the multiplexes. These sectors – whether it is hotels, multiplexes or fashion retail trade – are areas where a pick-up can be much faster than what we are anticipating right now.”

“As India gets cheap and as we see the worst of the commodity prices with a growth certainty in the market from a two to three year perspective, plus all the good work that the government is doing, FIIs will look at India as a secular must have story.”

The global cryptocurrency market cap today was almost flat at $1.92 trillion mark, easing up to a per cent in the last 24 hours. Total cryptocurrency trading volume slipped more than 10 per cent to $94.72 billion.