The stock traded at a P/E multiple of 16.23, while the price-to-book value ratio stood at 5.78.
Posts in category Economic Times
Buy Star Cement, target price Rs 250: Axis Securities (17-09-2024)
Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 8568.62 Crore) operating in Cement sector.
Zomato shares fall 1.89% as Nifty gains (17-09-2024)
The stock quoted a 52-week high price of Rs 286.5 and a 52-week low of Rs 97.81.
From 135% GMP to zero: One BSE notice changes the game for SME IPO on listing day (17-09-2024)
Lucky allottees of SME IPO Trafiksol ITS Technologies saw a 135% GMP gain turn into disappointment as BSE postponed the listing due to discrepancies. The Noida-based company’s IPO, which received robust investor response, now faces scrutiny and must address issues raised in complaints before proceeding.
TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR scheme (17-09-2024)
The company has recently canceled its DVR (Differential Voting Rights) shares and is replacing them with ordinary shares. According to the new scheme, shareholders will receive 7 ordinary shares for every 10 DVR shares they previously held. Axis Trustee Services, acting as an Independent Trustee, will now manage the distribution of the sale proceeds.
Western Carriers IPO subscribed 7 times so far on day 3. Check GMP, other details (17-09-2024)
The non-institutional investors (NIIs) subscribed to the issue 8.23 times while the quota reserved for qualified institutional buyers (QIBs) was booked at just 3%. In all, 2.5 lakh share bids were received from QIBs around this time against 58,98,528 shares available for booking.
Adani Green shares may rise up to 30%, says Investec while initiating coverage (17-09-2024)
Investec predicts that using advanced tech in ideal locations will boost energy production significantly. Combined with a greater focus on selling directly to customers, this should result in a 60% annual profit growth over the next six years.
ACC shares drop 0.34% as Sensex rises (17-09-2024)
A total of 3,301 shares changed hands on the counter till 01:54PM (IST)
Will investors make money as the US Fed is all set to cut the rates? (17-09-2024)
Lower interest rates mean higher bond prices, benefiting bond investors. While the US Federal Reserve raised rates significantly, India’s central bank took a more moderate approach. We expect a smaller rate cut from India’s central bank this year.
BEL shares drop 1.79% as Sensex rises (17-09-2024)
A total of 605,461 shares changed hands on the counter till 01:49PM (IST)