Latest Stock Market News

The company, in consultation with the lead bankers to the issue, may consider a preferential issue of equity shares or any other method aggregating up to Rs 200 crore. If such placement is completed, the fresh issue size will be reduced, a company release suggested.

“There is a general perception in the market that midcaps are risky. We do not feel so because risk is doing something that you do not understand. If you are investing with a three-four year view, we still feel midcaps offer better value and better growth prospects than largecaps. But if you own less volatility, then obviously largecaps should be picked up.”

Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 112654.67 Crore) operating in Mining sector.

The merge finally happening would prove a big relief for ether, which has slumped on past delays and waning confidence in the upgrade. The second-biggest cryptocurrency was last trading at around $1,200, down from just over $3,500 in April, though much of the recent pessimism about the upgrade has been swamped by wider recent market ructions.

Health authorities said China would halve to seven days its COVID-19 quarantine period for visitors from overseas, with a further three days spent at home, while Beijing and Shanghai reported no new local COVID-19 infections for the first time in months.

With over 18 years of experience, Bafna has built a sustainable marketplace revenue model in e-commerce companies such as Myntra and Flipkart as well as led the finance workstreams at IT services major Wipro.

On the technical charts, the RSI of the stock stood at 37.31.

Listed auto major Tata Motors will be hiking the prices of its commercial vehicles from July 1, 2022, the company said in a stock exchange filing on Tuesday.

“The promoters are not participating in the buyback. Given the conditions which we were facing and the way we wanted to present it, from our perspective, the open market buyback option was a simpler one to execute. We have already announced our dividend policy a while back. Come April next year, the board will review the cash positions, the investment requirements, the business environment at that time and declare the dividends.”

The stock with a market capitalisation of more than Rs 63,000 crore hit a 52-week high of Rs 1241 on 28 October 2021 but failed to hold on to the momentum. It closed at Rs 806 on 24 June 2022 which translates into a downside of over 35 per cent.