Trade Financial News

The special session is part of the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock exchanges and depositories and would involve intraday switchover to the Disaster Recovery site.

NSE special session is being conducted to strengthen the exchanges in the event of any unforeseen incident, which may impact their operations. So, the Indian stock market is expected to remain open on Saturday this week i.e.

Marrfa, an innovative platform aimed at changing the cross-border real estate investment landscape, said it has successfully closed its pre-seed funding round of an undisclosed amount. This round is led by Foundamental, a global VC firm based in Berlin, Germany, and also sees significant investment from Prashant Malik, General Partner at Tykhe Block Ventures, in his individual capacity. Founded by serial entrepreneur Jamil Ahmed, Marrfa is set to democratise access to high-yield real estate investment opportunities worldwide, specifically targeting the challenges within the $270 billion unstructured cross-border real estate market. Ahmed, credited with co-founding Fashinza and scaling it to a $300 million valuation across four continents within three years, is utilising his vast experience in cross-border investments and trade flow to innovate within the traditional real estate industry. Marrfa introduces a seamless platform for identifying lucrative real estate investment opportunities, enabling comprehensive information access with a single click.

legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade. After a five-month trial, a jury ordered Haresh Jogani to pay his brothers Shashikant, Rajesh, Chetan and Shailesh Jogani more than $2.5 billion in damages and to divide up shares of their Southern California property empire —about 17,000 apartments worth billions more.

Au Small Finance Bank Ltd. traded at Rs 576.05 on BSE at 12:48PM (IST) on Friday, up 1.04 per cent from previous close. The stock quoted a 52-week low price of Rs 548.15 and a high of Rs 813.0.

Marico Ltd. traded 0.5 per cent up at Rs 525.2 at around 12:42PM (IST) on Friday. The stock had closed at Rs 522.55 in the previous session. Equity benchmark Sensex traded 1076.36 points higher at 73576.66 around the same time.

Indian Hotels Company Ltd. gained 0.72 per cent to Rs 591.5 at 12:32PM (IST) in Friday's trade. The scrip has hit a high of Rs 594.95 and low of Rs 585.15 so far during the session. The stock had closed at Rs 587.25 in the previous session. The counter has had a total traded volume of 3703954 shares so far with a value of Rs 217.62 crore on the NSE. It traded at a price-to-earnings multiple of 71.93 and a price-to-book ratio of 5.77.

Pidilite Industries Ltd. traded 0.71 per cent higher in Friday's session at 12:27PM (IST). The stock opened at Rs 2750.0 and has touched an intraday high and low of Rs 2767.85 and Rs 2740.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 2804.0 and a 52-week low of 2275.0. About 10,841 shares changed hands on the counter so far.

Shriram Finance Ltd. traded at Rs 2454.1 on BSE at 12:22PM (IST) on Friday, up 0.72 per cent from previous close. The scrip quoted a 52-week low price of Rs 1194.0 and a high of Rs 2535.0.

Avenue Supermarts Ltd. traded 1.08 per cent down at Rs 3877.4 at 12:37PM (IST) on Friday, even as BSE benchmark Sensex gained 1028.76 points to 73529.06. The stock had closed at Rs 3919.8 in the previous session. The stock quoted a 52-week high price of Rs 4203.0 and 52-week low of Rs 3292.65, respectively. As per BSE data, total traded volume on the counter till 12:37PM (IST) stood at 19148 shares with a turnover of Rs 7.47 crore.

Asset management firm Vanguard CEO Tim Buckley is retiring by year-end 2024 after leading the firm for six years, and a total of 33 years working at the firm.

₹235.32 crore worth Platinum Industries IPO opened on February 27 and closed on February 29. Platinum Industries IPO share allotment is likely to be fixed today, March 1. Investors who have applied for the issue can check their Platinum Industries IPO allotment status online.

stock market The misconception surrounding penny stocks primarily revolves around the perception of them being an easy route to quick wealth. Penny stocks are often misunderstood as low-priced stocks that have the potential to skyrocket in value, turning small investments into significant gains in a short period. However, the reality is quite different “Penny stocks lure investors with get-rich-quick dreams, but fundamentals ultimately determine fates.

Purv Flexipack is likely to finalise the share allotment process today. Investors can check the status of Purv Flexipack IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case. Follow the step by step process mentioned below to check the status of allotment.

Bharat Electronics Ltd. traded 1.02 per cent up at Rs 207.2 on Friday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 706.74 points to 73207.04. As many as 386,296 shares changed hands on the counter with a total value of Rs 7.98 crore.

Ambuja Cements Ltd. gained 1.21 per cent to Rs 613.9 at 10:30AM (IST) in Friday's trade. The counter hit a high of Rs 615.25 and low of Rs 607.0 so far during the session. The stock had closed at Rs 606.55 in the previous session. The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 3.73 crore on BSE. The stock traded at a price-to-earnings multiple of 38.48 and a price-to-book ratio of 2.29.

Godrej Consumer Products Ltd. traded 1.62 per cent higher in Friday's session at 10:20AM (IST). The stock opened at Rs 1246.0 and has touched an intraday high and low of Rs 1280.3 and Rs 1246.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 1299.9 and a 52-week low of 895.0. About 3,031 shares changed hands on the counter so far.

On the BSE, Sagar Diamonds(down 19.94 per cent), Indo Us Bio-Tech(down 12.44 per cent), Max Healthcare(down 8.91 per cent), Informed Tech(down 7.55 per cent) and Ind Swift Ltd(down 7.18 per cent) were among the stocks that plunged over 5 per cent during the session.

Benchmark NSE Nifty index rose 217.36 points to 22200.15 amid buying in frontline bluechip stocks.

Lexus Granito(India)Ltd.(up 3.98%), MOIL Ltd.(up 3.77%), Madhav Marbles & Granites Ltd.(up 3.42%), Pokarna Ltd.(up 2.77%), Ashapura Minechem Ltd.(up 1.98%), Sandur Manganese & Iron Ores Ltd.(up 1.72%), Gujarat Mineral Development Corporation Ltd.(up 1.70%), Coal India Ltd.(up 1.45%), NMDC Ltd.(up 1.42%) and Aro Granite Industries Ltd.(up 1.11%) were among the top gainers.

Thyrocare Technologies with a target price of Rs 725. The current market price of Thyrocare Technologies is Rs 686.5. Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 3631.76 Crore) operating in Hospitals & Allied Services sector.