Latest Stock Market News

A total of 18,541 shares changed hands on the counter till 01:39PM (IST).

Centrum Broking expects adjusted profit after tax (PAT) to decline about 19 per cent compared to the corresponding quarter last year to Rs 1,040 crore. It expects revenue to rise about 14 per cent in the same period. The broker further expects Ebitda to decline over 10 per cent with margins shrinking by about 14 percentage points.

CoinDCX Ventures has already made several investments in the space including a wallet solution, cross chain bridge protocol, Web3 notification protocol, Web3 social engine, as well as distributed storage and computing protocol.

“Our broad view is that 2022 is a tough year and one should protect capital; do not be in stocks where you are not sure of your earnings, high growth and buying stocks at any price have to be avoided. I do not think there is any hiding place but that is broadly the view. However, we continue to be bullish on commodities and financials.”

“Our advice to clients has been to stay away from commodities and those companies which are consuming commodities but are unable to pass on the cost. That policy has paid up because those companies have been going at higher valuations and in this market when the money is taking a dollar flight, a selloff is happening in premium valuation.”

The issue, which kicked off for subscription earlier today, can be subscribed till Thursday, May 12. The company is selling its shares in the range of Rs 595-630 apiece.

Damodaran feels Fed now finds itself between a rock (more inflation) and a hard place (a recession), and the truth is that everyone will suffer and feel the pain as a result.

Promoters held 45.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 19.88 per cent and 8.28 per cent, respectively.

Santosh Meena, Head of Research, Swastika Investmart, said the company’s muted listing can be attributed to volatile and negative market sentiments and a lack of investor interest in hospital businesses.

“When the rupee depreciates, given the fact that we still import large volume of oil, that will impact oil price and directly as well as indirectly – through transport – we are going to see the impact of that on inflation. It is never good news because inflation will start hitting not just our export competitiveness but also our growth potential. So sharply depreciating rupee is not good news at all,” says Mythili Bhusnurmath.