Latest Stock Market News

As of 30-Sep-2024, promoters held 50.09 per cent stake in the company, while FIIs held 27.18 per cent and domestic institutional investors had 14.25 per cent.

Billionaire Gautam Adani, chairman of the Adani Group, saw his net worth drop by $10.5 billion to $59.3 billion in a single day, following bribery and fraud charges brought by U.S. authorities. His brother, Vinod Adani, also faced a significant loss of $4.7 billion, reducing his net worth to $15.5 billion.

A total of 188,406 shares changed hands on the counter till 12:58PM (IST).

On the technical charts, the RSI of the stock stood at 37.11.

Bitcoin surged to a record high of $97,532, fueled by expectations of favorable US crypto regulation under President-elect Trump, with analysts predicting a rise to $100,000 soon.

Adani Green Energy Ltd. cancelled its $600 million bond offering. The offering was linked to a US court order related to bribery allegations against Adani Group executives. This is the second time Adani Green has withdrawn a bond issuance.

The stock quoted a 52-week high price of Rs 210.50 and low of Rs 139.45.

The Nifty IT index was trading 0.37 per cent at 41901.45.

A total of 544 shares changed hands on the counter till 11:57AM (IST)

Choice Equity Broking has issued a buy call for Glenmark Pharmaceuticals, setting a target price of Rs 1,779. The brokerage projects robust growth for the pharmaceutical company, fueled by new product launches and expanding margins. They anticipate a 14.8% revenue CAGR and a 44.7% EBITDA CAGR from FY24-27E. Glenmark recently reported a consolidated total income of Rs 3473.