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Latest Stock Market News

Lupin shares fall 0.06% as Nifty gains

Updated at : 2021-10-05 13:20:01

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The stock quoted a 52-week high price of Rs 1267.5 and a 52-week low of Rs 856.0.

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As of 30-Jun-2021, promoters held 28.41 per cent stake in the company, while FIIs held 31.9 per cent and domestic institutional investors had 11.65 per cent.

“A Rs 60,000 crore worth of investment across four giga factories could result in Rs 2,25,000-2,50,000 crore top line growth eventually and from that, Rs 80,000-100,000 crore of EBITDA is possible.”

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On the technical charts, the RSI of the stock stood at 50.96.

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A selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.

“The increase in crude oil price rise may be transitory and could cool down eventually.”

Ethereum has started to witness good inflows upon recovery, which is a strong fundamental sign of the asset, showcasing that investors are still keen on accumulating the asset, said ZebPay Trade Desk.

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JSW Energy currently has a pipeline of 2.5 GW of renewable energy projects which are under construction.

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In the spot market, highest purity gold was sold at Rs 46, 394 per 10 gram while silver was priced at Rs 59,997 per kg on Monday, according to the Indian Bullion and Jewellers Association.

How divided the Street is on DMart is reflected in the price targets, where the median 12-month price target of 26 analysts suggests a potential 24 per cent downside for the stock; the lowest target suggest 56 per cent downfall while the highest target suggest 29 per cent upside for the scrip.

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