Dilip Parmar, Research Analyst, HDFC Securities
The Indian rupee registered the biggest single-day loss in a month against the US dollar following the hawkish June FOMC minutes and short covering from the rupee bulls. The local units depreciated around a percentage point from Monday’s low of 81.76 to today's high of 82.55.
Spot USDINR is expected to head towards 82.80 while expected to find support around 82.10.
Shrikant Chouhan, Head of Research (Retail), Kotak Securities
While several Asian and European markets languished in negative territory, our benchmark indices notched up impressive gains and hit fresh highs on broad-based buying. While economic indicators remain on sound footing, the market is looking forward to optimism in corporate earnings. Technically, after a strong opening the index successfully cleared the short-term resistance of 19435/65675. Moreover, post breakout it intensified the positive momentum.
In addition, on daily charts, the index has formed a bullish candle and on intraday charts it is holding higher bottom formation that also support further uptrend from the current levels. For the trend following traders now, 19375/65350 would be the sacrosanct support level. Above which, the market could rally till 19575-19625/66000-66100. On the flip side, below 19375/65350 uptrend would be vulnerable. Below the same, we could see a quick one intraday correction till 19325-19300/65150-65000.
Ajit Mishra, SVP - Technical Research, Religare Broking
Markets edged higher after two days of pause and gained nearly half a percent. After the flat start, buying in select heavyweights tried to push the Nifty higher but profit taking at the higher levels capped the momentum. It finally managed to end closer to the day’s high at 19497.30 levels. Meanwhile, the sectoral trend was mixed wherein realty, energy and auto posted strong gains while IT and FMCG traded subdued. The broader indices also witnessed decent traction and ended higher in the range of 0.8%-1%.
The broad-based participation combined with favorable global cues would help in keeping the tone positive. We thus reiterate our view to focus more on stock selection and keep trailing stop losses on rise for existing longs. On the index front, Nifty has immediate support at 19,300 now and major at 18,900 levels.
Vinod Nair, Head of Research at Geojit Financial Services
Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues. India’s underperformance during the year is expected to reverse moving ahead. The mid- and small-cap segments have outperformed the benchmark index, with realty, oil & gas, power and consumption stocks leading the sectorial rally as provisional & economic data suggest a good Q1FY24 results. However, global markets are displaying a negative trend, influenced by hawkish FOMC minutes and US-China tensions.
Gaurav Bissa, VP, InCred Equities
Nifty opened on a flattish note, but it was in no mood to give up the gains it has enjoyed in the last few days. After 2 days of consolidation, the index came back strong and closed near high point of the day. The index was seen gaining strength as the day progressed even when Bank Nifty was underperforming, thanks to the strong push by Reliance Industries with support from auto stocks like M&M and Tata Motors.
The index has, however, witnessed negative divergence in RSI on the hourly charts which may restrict the pace of Nifty going forward. On 240mins charts, RSI has approached 84 levels which is near a 3-year resistance of 85-87 zone. This, combined with the rising trendline hurdle at 19600 can result in some profit booking in the index in the coming days. The immediate supports are placed at 19330 while medium term supports are placed at 19150-19200 levels.
Kunal Shah, Senior Technical & Derivative analyst at LKP Securities:
The Bank Nifty index has shown a resilient performance as the bulls managed to hold the support level of 45000, which is considered a crucial make-or-break level for the index. The bears have been active around the 45500 level. However, if the index successfully surpasses this level on a closing basis, it is likely to witness further upward movement toward the 46000 level. Given the overall bullish undertone, it is advisable to adopt a buy-on-dip approach as long as the mentioned support level of 45000 is held.
Rupak De, Senior Technical analyst at LKP Securities:
The Nifty reached another all-time high after two days of consolidation, indicating a breakout in the upward direction. The overall trend appears positive as the index comfortably sits above a key short-term moving average (50DMA).
The immediate resistance is visible at 19500; a decisive breakout above 19500 may take the index towards 19725. Support on the lower end is pegged at 19350-19300.
Rupee Close:
Indian rupee ended 27 paise lower at 82.49 per dollar versus previous close of 82.22.
Sensex Today | Market Close:
Benchmark indices ended on a strong note with Nifty at 19,500 on July 6.
At close, the Sensex was up 339.60 points or 0.52% at 65,785.64, and the Nifty was up 98.80 points or 0.51% at 19,497.30. About 1936 shares advanced, 1428 shares declined, and 133 shares unchanged.
Biggest gainers on the Nifty included M&M, Apollo Hospitals, Power Grid Corporation, Reliance Industries and Tata Motors, while losers were Eicher Motors, HDFC Life Insurance, Maruti Suzuki, HCL Technologies and Bajaj Finance.
Among sectors, Power, Oil & Gas and Realty were up 2 percent each, while Auto and Healthcare added 1 percent each.
The BSE midcap index rose 0.8 percent and smallcap index added 0.7 percent.
Stock Market LIVE Updates | Poonawalla Fincorp reports highest quarterly disbursements of Rs 7,050 crore
Poonawalla Fincorp, an Adar Poonawalla-controlled non-banking finance company reported its highest-ever quarterly disbursements amounting to Rs 7,050 crore for the April-June period for FY24.
This implies a growth of about 2.5 times on a year-on-year basis.
As per a business update on NBFC, total disbursements grew about 143 percent year-on-year to Rs 7,050 crore in the June quarter compared to Rs 2,901 crore in the same period in the previous year.
Disbursements were up 11 percent sequentially.
Stock Market LIVE Updates | Morgan Stanley View On Maruti Suzuki
-Overweight rating, target at Rs 11,164 per share
-With Invicto, Maruti Suzuki targets premium of >Rs 20 lakh category
-Maruti Suzuki has already received 6,000 bookings for Invicto
-Believe model will remain a low-volume, high-ASP model
-Mix and market share improvement keeps us overweight
Sensex Today | Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas
Indian Rupee depreciated on the strong US Dollar and surge in crude oil prices. Hawkish FOMC minutes led to risk aversion in global markets. FOMC minutes show the policymakers looking for further rate hikes before the year ends, and the central bank’s determination to further tighten the monetary policy. Global markets also remained weak as services and composite PMI from most economies fell short of forecast.
We expect Rupee to trade with a negative bias on risk aversion in global markets and a strong Dollar. However, positive domestic markets and sustained FII inflows may support Rupee at lower levels. Market participants may remain cautious ahead of the labour market and ISM services PMI data from the US today. We expect the USDINR spot to trade between 82.10 to 83 in the near term.
Stock Market LIVE Updates | Ujjivan Small Finance Bank Q1 deposits grow 44% YoY to Rs 26,655 crore, disbursements jump 22% to Rs 5,280 crore
Ujjivan Small Finance Bank has reported a 44% year-on-year growth in total deposits at Rs 26,655 crore for quarter ended June FY24 and the sequential growth was 4%. CASA dropped 3% QoQ but increased 27% YoY to Rs 6,550 crore. Disbursements fell 12% QoQ, but grew 22% YoY to Rs 5,280 crore driven by robust growth in microbanking, housing and FIG, while advances grew by 31% YoY and 5% QoQ to Rs 25,346 crore.
Sensex Today | Senco Gold IPO subscribed 41 times on final day; QIB portion booked 84 times
The maiden public offering of Senco Gold continued to attract investors, possibly due to reasonable valuations, healthy financials, a strong presence in eastern India, and five decades of experience, despite concerns about higher debts and challenges in generating positive operating cash flow in the past years. The issue has received bids for 38.35 crore equity shares against the offer size of 94.18 lakh shares, subscribing 41 times on July 6, the final day of bidding.
We have seen healthy demand for the issue from retail investors as well as high networth individuals, whose reserved portion was booked 12.6 times and 49 times respectively.
The part set aside for qualified institutional buyers (QIB) was subscribed 84 times. For any IPO to sail through, the QIB book requires to get at least a 90 percent subscription.
Stock Market LIVE Updates | Citi View On Godrej Consumer Products
-Buy rating, target at Rs 1,175 per share
-Q1FY24 update, sustaining double-digit domestic volume growth
-Believe company is on right track, expect performance improvement across segments
-Will monitor any initiatives in India household insecticides
Godrej Consumer Products touched a 52-week high of Rs 1,101.55 and quoting at Rs 1,079.45, down Rs 17.45, or 1.59 percent.
Sensex Today | BSE Smallcap index up 0.6 percent supported by Cear, Zee Media, Black Box, Summit Securities
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| BLACK BOX | 177.95 | 19.99 | 267.02k |
| Ceat | 2,466.55 | 17.89 | 146.97k |
| Summit Sec | 843.50 | 14.94 | 4.97k |
| Zee Media | 9.30 | 13.41 | 3.11m |
| Nath Bio-Genes | 217.55 | 11.45 | 42.00k |
| Action Const | 552.55 | 9.34 | 380.11k |
| Puravankara | 102.87 | 9.19 | 136.18k |
| Andrew Yule | 25.74 | 9.11 | 208.83k |
| Mangalam Ind | 3.09 | 8.8 | 3.34m |
| Gallantt Ispat | 67.99 | 8.33 | 59.02k |
Sensex Today | Market Updates:
Benchmark indices extended he intraday gains with Nifty hitting fresh record high of 19500.
The Sensex was up 341.11 points or 0.52% at 65,787.15, and the Nifty was up 100.50 points or 0.52% at 19,499.About 1825 shares advanced, 1373 shares declined, and 119 shares unchanged.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| M&M | 1,547.20 | 4.87 | 4.13m |
| Apollo Hospital | 5,286.20 | 4.11 | 1.07m |
| Power Grid Corp | 261.85 | 3.4 | 9.70m |
| Reliance | 2,640.05 | 2.15 | 7.36m |
| Tata Motors | 600.45 | 2.07 | 12.17m |
| BPCL | 393.05 | 1.68 | 5.97m |
| NTPC | 196.65 | 1.68 | 14.17m |
| Britannia | 5,179.50 | 1.64 | 880.89k |
| Coal India | 234.85 | 1.49 | 6.24m |
| ONGC | 165.05 | 1.38 | 7.55m |
Stock Market LIVE Updates | Adani Green weighs raising $1.5 billion in funding
Adani Green Energy is considering raising about $1.5 billion to fund its green diversification in India, Bloomberg News reported on Thursday, citing people familiar with the matter.
Billionaire Gautam Adani's renewable energy unit's board is set to discuss plans to raise funds from institutional investors on Thursday, the firm said earlier this week in a stock exchange filing. Read More
Sensex Today | Prashanth Tapse, Research Analyst at Mehta Equities
Considering the overwhelming response from all types of investors, we are expecting a strong 70% plus listing gain backed by first-mover advantage and a healthy market mood. Despite expensive ask valuation, IdeaForge attracted stronger response to its offer across investor categories was mainly due to its market leadership in the Indian Unmanned Aircraft Systems (UAS) drone market and no direct peers in the listed space which would influence for a fancy listing gains.
We believe IdeaForge IPO offer was a great opportunity for investors to take part in one of the first pioneer and pre-eminent market leader in the Indian Unmanned Aircraft Systems (UAS) drone market and first-mover advantage driving the growth through a self-propagating flywheel. With a diverse range of products offering feature-based differentiation along with strong technocrats Promoters with deep understanding and involvement in the drone industry, with strong hold on planning, operations, and design capabilities to tap the upcoming demand in the sector they serve.
With market undertone remaining optimistic if we get stronger listing gains over and above 70%, we recommend allotted investors to book profits on the listing day while risky fancy investors can hold for medium to long term to play on drone demand.
Stock Market LIVE Updates | Gen Insurance Data
June General Insurance industry premium up 15% & Q1 premium up 18% YoY
June Health Insurance premium up 24% & Q1 premium up 27% YoY
ICICI Lombard June premium up 20% & Q1 premium up 19% YoY
ICICI FY24 market share up 8 bps YoY
New India Assurance June premium up 5%, Q1 premium up 9% YoY
New India Assurance FY24 market share down 138 bps YoY
Star Health June premium up 19% & Q1 premium up 20% YoY
Star Health FY24 market share up 7 bps YoY
Stock Market LIVE Updates | Hindustan Zinc gains 7% ahead of interim dividend announcement
The stock prices of Hindustan Zinc Limited surged to 7.19 percent in the afternoon trade on July 6 after the zinc mining major announced that it will consider paying an interim dividend on shares for the current financial year 2023-24.
In a corporate filing at both exchanges, the company stated that the decision will be taken in a meeting of its board members on July 8.
Stock Market LIVE Updates | Hindustan Copper up 4% on expectations to reopen copper mine in Jharkhand
Shares of Hindustan Cooper gained 4 percent on July 6, after the company's expected final approval to reopen its Rakha mine from the Jharkhand government.
The central PSU, Hindustan Copper Limited (HCL), is hopeful of commencing mining at its closed Rakha mine in Jharkhand, which will entail an investment of over Rs 2,000 crore, after obtaining final clearance from the state government, according to a top company official. The Rakha mine has been closed since 2001, and the Jharkhand government has recently given in-principle consent to renew the lease. Hind Copper is expected to issue a tender in the next 10 days to appoint a mine developer-cum-operator for the Rakha Copper Mine.
Stock Market LIVE Updates | Ceat zooms 19% to hit an all-time high; m-cap crosses Rs 10,000 crore-mark
Stock Market LIVE Updates | Puravankara soars 13% on highest-ever Q1 sales
Puravankara shares soared 13 percent intraday on July 6 after the Bengaluru-based real estate company clocked the highest-ever first-quarter sales in the April-June period of the financial year 2023-24 along with a strong growth in volumes.
The company registered the highest-ever sale value of Rs 1,126 crore in any quarter and the first quarter of any financial year. Sales value zoomed 119 percent year on year (YoY) and 12 percent quarter on quarter (QoQ) to Rs 1,126 crore in Q1 FY24, the company said in an exchange filing. Read More
Jefferies raises target price for Bajaj Finance after growth in loans
... Read More
Sensex Today | Market at 2 PM
The Sensex was up 207.42 points or 0.32% at 65,653.46, and the Nifty was up 59.20 points or 0.31% at 19,457.70. About 1814 shares advanced, 1352 shares declined, and 133 shares unchanged.
| Company | Bid Qty | CMP Chg(%) | Today Vol 20D Avg Vol |
|---|---|---|---|
| Goldstone Tech | 271045.00 | 92.50 4.99 | 165389 109012.70 |
| Reliance Home F | 2658021.00 | 3.20 4.92 | 1649410 5413548.90 |
| Brightcom Group | 2132050.00 | 30.20 4.86 | 5537281 19433885.00 |
| Company | Offer Qty | CMP Chg(%) | Today Vol 20D Avg Vol |
|---|---|---|---|
| Antarctica | 441970.00 | 0.65 -7.14 | 1153378 451942.55 |
| Jay BharatMarut | 61563.00 | 306.70 -5 | 285942 634956.85 |
| Bohra Industrie | 17997.00 | 66.80 -4.98 | 20594 759.40 |
| KBC Global | 1463535.00 | 2.95 -4.84 | 6820101 6402928.60 |
| 21st Cen Mgt | 9981.00 | 21.55 -1.82 | 2763 6572.50 |
Stock Market LIVE Updates | BSE approves buyback through tender offer
The Bombay Stock Exchange (BSE) on July 6 approved buyback of shares worth up to Rs 374.80 crore at a price of Rs 816 per share. The buyback will be done via the tender route, said the exchange.
Stock Market LIVE Updates | RPP Infra Projects wins new order worth Rs 289 crore
RPP Infra Projects has received a letter of acceptance for a flyover project worth Rs 125.85 crore in Tamilnadu on EPC mode; beautification work worth Rs 41.15 crore of Vandiyur tank in Madurai City Municipal Corporation; and project work worth Rs 122.3 crore from various town panchayat for improvements to existing water supply distribution system and providing house service connection. The order book as on June 30 is Rs 3,240 crore.
Stock Market LIVE Updates | Cummins India launches CPCBIV+ compliant power solutions
Cummins India today announced the launch of its CPCBIV+ emission standard compliant range of genset engines.
With this launch, Cummins and its GOEM partners are ready to offer the full range of gensets, up to 800 KWh that are fully compliant with the latest CPCBIV+ emission norms. The new product range incorporates advanced after-treatment systems and engineering expertise to improve fuel efficiency and load-taking capability while ensuring adherence to stringent emission norms.
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY 50 | 19445.00 0.24 | 7.40 2.49 | 4.55 21.61 |
| NIFTY BANK | 45217.75 0.15 | 5.19 2.01 | 2.38 31.74 |
| NIFTY Midcap 100 | 36305.30 0.78 | 15.22 2.21 | 6.67 33.45 |
| NIFTY Smallcap 100 | 11161.15 0.75 | 14.69 3.43 | 7.16 30.26 |
| NIFTY NEXT 50 | 44260.30 0.35 | 4.91 1.83 | 3.90 16.67 |
Stock Market LIVE Updates | Zomato initiates liquidation of subsidiary PT Zomato Media Indonesia, in Indonesia
Zomato has initiated liquidation of its subsidiary PT Zomato Media Indonesia, in Indonesia. PT Zomato Media Indonesia is not a material subsidiary of the company and the liquidation of same will not affect the revenue of the company.
Sensex Today | Oil dips as China demand fears offset tighter supply outlook
Oil prices slipped in Asian trade on Thursday as fears of a sluggish demand recovery in the world's top crude importer China offset the prospect of tighter supply, with top exporters Saudi Arabia and Russia cutting output.
Brent crude futures dipped 21 cents, or 0.3%, to $76.44 a barrel at 0650 GMT, after settling higher 0.5% the previous day.
U.S. West Texas Intermediate crude fell 4 cents to $71.75 a barrel, after closing 2.9% higher in post-holiday trade on Wednesday to catch up with Brent's gains earlier in the week.
Sensex Today | Senco Gold IPO subscribed 13 times, QIB portion booked 10 times on final day
The maiden public offering of Senco Gold continued to attract investors, possibly due to reasonable valuations, healthy financials, a strong presence in eastern India, and five decades of experience, despite concerns about higher debts and challenges in generating positive operating cash flow in the past years. The issue has received bids for 12.28 crore equity shares against the offer size of 94.18 lakh shares, subscribing 13 times on July 6, the final day of bidding.
We have seen healthy demand for the issue from retail investors as well as high networth individuals, whose reserved portion was booked 9.26 times and 25.61 times respectively.
The part set aside for qualified institutional buyers (QIB) was subscribed 10 times. For any IPO to sail through, the QIB book requires to get at least a 90 percent subscription.
Sensex Today | Gold ticks up, moves in tight range ahead of US data
Gold prices edged higher in a tight range on Thursday as the dollar eased slightly while investors awaited a raft of U.S. economic data that could influence the Federal Reserve's policy trajectory.
Spot gold ticked up 0.2% to $1,920.79 per ounce by 0726 GMT. U.S. gold futures were flat at $1,927.20.
| Company | 52-Week High | Day’s High | CMP |
|---|---|---|---|
| Ceat | 2498.10 | 2498.10 | 2,443.30 |
| Star Cement | 153.80 | 153.80 | 151.45 |
| PNC Infratech | 367.90 | 367.90 | 357.95 |
| SJVN | 47.00 | 47.00 | 46.58 |
| NCC | 130.55 | 130.55 | 129.60 |
| HINDPETRO | 307.00 | 307.00 | 304.90 |
| Macrotech Dev | 740.00 | 740.00 | 733.55 |
| Jindal Stainles | 368.55 | 368.55 | 367.60 |
| CCL Products | 727.20 | 727.20 | 718.80 |
| Engineers India | 123.80 | 123.80 | 120.55 |
Stock Market LIVE Updates | LTIMindtree launches cyber recovery & data protection platform V-Protect
LTIMindtree launched a comprehensive cyber recovery and data protection platform V-Protect, powered by Rubrik, the Zero Trust Data Security company. The platform provides data protection and seamless recovery for M365 workloads.
LTIMindtree was quoting at Rs 5,196.00, down Rs 44.70, or 0.85 percent.
Stock Market LIVE Updates | Force Motors reports production of 2,394 vehicles, domestic sales of 2,431 vehicles in June
Force Motors has announced production of 2,394 vehicles in June month. Domestic sales stood at 2,431 vehicles and exports at 440 vehicles. It manufactures commercial vehicles, utility vehicles and tractors.
Stock Market LIVE Updates | Morgan Stanley View On Bajaj Auto
-Overweight rating, target price Rs 5063
-In bull case, expect triumph launch to add Rs 466 per share
-FY25 P/E is 17x Vs 10-year median of 18x
-Stock remains preferred in 2-wheeler segment
Sensex Today | Market at 1 PM
The Sensex was up 164.60 points or 0.25% at 65,610.64, and the Nifty was up 58.00 points or 0.30% at 19,456.50. About 1851 shares advanced, 1286 shares declined, and 127 shares unchanged.
| Company | CMP | High Low | Fall from Day's High |
|---|---|---|---|
| India Cements | 212.85 | 213.00 207.10 | -0.07% |
| Bajaj Electric | 1,229.25 | 1,230.05 1,216.25 | -0.07% |
| Linde India | 4,394.75 | 4,399.80 4,372.40 | -0.11% |
| Hind Copper | 120.70 | 120.85 116.05 | -0.12% |
| NALCO | 84.70 | 84.80 83.15 | -0.12% |
| IEX | 126.70 | 126.90 125.80 | -0.16% |
| Birla Corp | 1,248.90 | 1,251.05 1,225.75 | -0.17% |
| Sunteck Realty | 295.35 | 295.90 284.80 | -0.19% |
| Ceat | 2,364.95 | 2,369.90 2,088.35 | -0.21% |
| PNB Housing Fin | 568.10 | 569.45 559.00 | -0.24% |
Stock Market LIVE Updates | The Tata Power receives order worth Rs 1,744 crore to implement smart metering project in Chhattisgarh State Power Distribution Company
The Tata Power Company has received Letter of Award to implement smart metering project in Chhattisgarh State Power Distribution Company. The value of project is Rs 1,744 crore and the project will be spanned over a period of 10 years.
The Tata Power Company was quoting at Rs 227.25, up Rs 5.60, or 2.53 percent on the BSE.
Stock Market LIVE Updates | Senco Gold IPO final day | Issue subscribed 8 times, QIB portion booked 3 times
The maiden public offering of Senco Gold continued to attract investors, possibly due to reasonable valuations, healthy financials, a strong presence in eastern India, and five decades of experience, despite concerns about higher debts and challenges in generating positive operating cash flow in the past years. The issue has received bids for 7.51 crore equity shares against the offer size of 94.18 lakh shares, subscribing 8 times on July 6, the final day of bidding.
We have seen healthy demand for the issue from retail investors as well as high networth individuals, whose reserved portion was booked 7.64 times and 15.2 times respectively.
The part set aside for qualified institutional buyers (QIB) was subscribed 3.2 times. For any IPO to sail through, the QIB book requires to get at least a 90 percent subscription.
Stock Market LIVE Updates | BSE Midcap index rose 0.5 percent led by SJVN, HPCL, Torrent Power
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| SJVN | 46.87 | 6.57 | 1.72m |
| HINDPETRO | 305.50 | 5.07 | 416.93k |
| Torrent Power | 637.55 | 4.58 | 81.11k |
| 3M India | 28,187.70 | 3.32 | 70 |
| Godrej Prop | 1,611.60 | 3.27 | 63.08k |
| Sun TV Network | 457.00 | 3.01 | 76.45k |
| Apollo Hospital | 5,224.40 | 2.93 | 9.76k |
| Aurobindo Pharm | 752.00 | 2.84 | 55.07k |
| Laurus Labs | 364.50 | 2.82 | 113.54k |
| Union Bank | 79.75 | 2.73 | 810.58k |
Stock Market LIVE Updates | Premier Explosives soars 5% on bagging 2 orders worth Rs 86 crore
Premier Explosives Limited shares surged 5 percent in early trade on July 6 after winning two orders from the Ministry of Defence and Bharat Dynamics Limited to the tune of Rs 86.5 crore.
According to disclosure to the stock exchanges, the order from the Defence Ministry pertains to the supply of 50 MM MTV flares within 12 months at the cost of Rs 76.8 crore. The second order from Bharat Dynamics, a defence ministry enterprise, is related to the supply of booster grains within twelve months. The order is worth Rs 9.7 crore, inclusive of the goods and services tax (GST). Read More
Stock Market LIVE Updates | FPI - Leading Light Fund VCC The Triumph Fund offloads further 0.65% stake in Global Surfaces
Foreign portfolio investor Leading Light Fund VCC The Triumph Fund has sold further 2.77 lakh equity shares or 0.65% stake in Global Surfaces via open market transactions at an average price of Rs 202.43 per share.
Light Fund VCC The Triumph Fund had sold 6.25 lakh shares in June, while as of March 2023, its shareholding in the company was 4.57% or 19.36 lakh shares.
