Latest Stock Market News

Niva Bupa IPO GMP: The IPO of Niva Bupa Healthcare saw strong demand from retail investors, with the issue subscribed 1.28 times (128%) by the final day of bidding. By 11:15 am, retail investors had bid for 5.79 crore shares, 1.85 times their reserved portion. Qualified Institutional Buyers (QIBs) had subscribed 1.05 times their allocation.

On November 11, five stocks saw fresh short positions with rising open interest and falling stock prices, indicating bearish sentiment: Cummins India, Cipla, Godrej Consumer Products, Nalco, and Atul.

LG Electronics adds Axis Capital to its IPO team for its Indian unit, aiming to raise $1-$1.5 billion, potentially valuing the unit at $13 billion.

A total of 1,245 shares changed hands on the counter till 10:25AM (IST)

Aarti Industries Share Price: Aarti Industries shares fell 9.3% after reporting a 43% YoY drop in PAT for Q2. Despite a 12% revenue rise, challenges in agrochemical and energy sectors impacted performance.

The stock quoted a 52-week high price of Rs 340.35 and low of Rs 137.00.

​Cement obviously benefited due to low fuel prices, etc, so they are sustaining the profitability. But in paints, like I have mentioned for the last three years, once Grasim becomes aggressive and once their products actually come into the market and they start pushing it because of the huge investments they have made in the paint segment, we will see margins getting squeezed for the existing players, so that started now.