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Latest Stock Market News

Bajaj Holdings shares drop 1.55% as Sensex rises

Updated at : 2021-10-05 15:20:01

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A total of 1,509 shares changed hands on the counter till 02:13PM (IST)

The Relative Strength Index of the stock stood at 56.79 on Tuesday.

Biocon shares fall 0.4% as Nifty gains

Updated at : 2021-10-05 14:20:01

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The stock quoted a 52-week high price of Rs 487.7 and a 52-week low of Rs 327.75.

The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two NBFCs for resolution under the insolvency law.

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A total of 51,430 shares changed hands on the counter till 01:37PM (IST)

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Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 42999.88 Crore).

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Vodafone Idea stock has seen frenzied investor interest recently and it has climbed nearly 90 per cent in the last one month. Analysts, however, are not very impressed and advise against buying the counter.

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The combined wisdom of the market now says energy stocks are more valuable when nothing has changed for these companies in terms of fundamentals, Kotak said.

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Oil marketing companies including Indian Oil, Hindustan Petroleum Corporation, Bharat Petroleum rose 2-3 per cent each. Reliance Industries and Indraprastha Gas also rose marginally.

“We have seen massive outperformance over the last one and a half-two years. The economy is firing on all cylinders -- 9.5% GDP growth for FY22 will lead to earnings growth for FY22. However, the moot question is how much of that is already priced in, not only for FY22 but for FY23 as well.”

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