Latest Stock Market News

Radhakishan Damani is the fourth richest Indian, with a net worth of $29.4 billion, as per Forbes.

On the technical charts, the RSI of the stock stood at 55.84.

Tata Motors on Tuesday said TPG Rise Climate along with co-investor ADQ will invest Rs 7500 crore in tranches over a period of 18 months for an 11-15 per cent stake in Tata Motor’s EVCo, a new subsidiary.

A total of 197,155 shares changed hands on the counter till 10:41AM (IST)

Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6365.87 Crore) operating in Power sector.

One data point that has stuck out like a sore thumb for the quant strategist is the relative strength index of the Nifty50 futures.

The stock traded at a P/E multiple of 308.66, while the price-to-book value ratio stood at 5.13.

Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Traded Goods, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2021.

“The Reliance valuations are justifiable and the stock has moved up in the last couple of months. Another 15%-20% movement is still warranted from Reliance in near term.”

“Though demand is visible and there is good momentum, one has to be careful about selecting what one wants to buy at these levels.”