On the technical charts, the RSI of the stock stood at 34.23.
Posts in category Economic Times
IRCTC shares 1.29% as Nifty drops (12-11-2024)
A total of 23,211 shares changed hands on the counter till 12:33PM (IST).
Limited room for Nifty valuation expansion, to depend on earnings growth: Gautam Duggad (12-11-2024)
Gautam Duggad, Head of Research at Motilal Oswal, analyzes the recent earnings season, noting a slowdown in growth, particularly impacted by commodity sectors. Despite this, he sees potential in industrials, driven by government capex spending. While Nifty valuations offer limited room for expansion, Duggad suggests that market consolidation could create opportunities for growth in the coming year.
SoftBank swings to profit with help from hot Indian IPO market (12-11-2024)
A boom in India’s IPO market is buoying the Vision Fund, which for years struggled to win returns commensurate with its $100 billion-plus scale. It’s a rare moment of victory for the Vision Fund, which posted two straight years of hefty losses after startup valuations collapsed, erasing its previous gains.
Varun Beverages shares 0.18% as Sensex (12-11-2024)
A total of 80,187 shares changed hands on the counter till 12:23PM (IST)
Canara Bank 0.67% as Sensex (12-11-2024)
The stock traded at a P/E multiple of 5.86, while the price-to-book value ratio stood at 1.27.
ACC shares 0.39% as Sensex falls (12-11-2024)
A total of 1,141 shares changed hands on the counter till 12:13PM (IST)
Ambuja Cements shares 0.43% as Nifty drops (12-11-2024)
A total of 24,151 shares changed hands on the counter till 11:58AM (IST).
UPL shares rise nearly 6% despite widened Q2 loss, analysts weigh (12-11-2024)
UPL Share Price: Shares of UPL surged 5.6% to Rs 552.70 on Tuesday after the agrochemical company reported a net loss of Rs 443 crore for Q2 FY25, more than 2.3 times higher than the loss in the same period last year. Revenue for the quarter increased to Rs 11,090 crore, up from Rs 10,170 crore, driven by a 16% YoY growth in volumes, despite a 7% drop in prices and flat forex rates.
United Spirits shares 1.42 per cent in Tuesday’s trading session (12-11-2024)
The Relative Strength Index of the stock stood at 44.55 on Tuesday.