MarketsStock Market Live: Nifty, Sensex Trade Lower As RIL, ICICI Bank, Infosys Drag
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05 Mar 2024, 10:10 AM IST
05 Mar 2024, 08:17 AM IST
05 Mar 2024, 10:10 AM IST
NSE building in Mumbai (Source: Vijay Sartape/NDTV Profit)
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NSE building in Mumbai (Source: Vijay Sartape/NDTV Profit)
Manappuram Finance, Muthoot Finance Shares Jump
While the shares of IIFL Finance were locked in the lower circuit, its competitors’ shares rose. Shares of Manappuram Finance Ltd. and Muthoot Finance Ltd. rose by as much as 6% and 4.9% respectively as of 9:40 a.m.
Exicom Tele-Systems Lists At 86% Premium To IPO Price On NSE
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Exicom Tele-Systems lists at Rs 265 apiece on the NSE, 86% premium to IPO price
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Exicom Tele-Systems lists at Rs 264 apiece on the BSE, 85% premium to IPO price
Source: Exchanges
Platinum Industries Shares Debut At 33% Premium Over IPO Price
Shares of Platinum Industries Ltd. were listed at Rs 228 apiece on the BSE, a premium of 33.3% over their IPO price of Rs 171 apiece.
On the NSE, the stock debuted at Rs 225, a 31.5% premium.
IIFL Finance Shares Hit Lower Circuit After RBI Ban On Disbursing Gold Loans
Shares of IIFL Finance Ltd. hit a 20% lower circuit on Tuesday after the Reserve Bank of India banned the company from disbursing gold loans with immediate effect.
IIFL Finance’s stock fell as much as 19.99% during the day to hit a lower circuit of Rs 477.75 apiece on the NSE. This is compared to a 0.12% decline in the benchmark Nifty 50 as of 9:25 a.m.
It has risen 5.25% in the past 12 months. The total traded volume so far in the day stood at 43 times its 30-day average. The relative strength index was at 26.5.
All seven analysts tracking IIFL Finance have a ‘buy’ rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 34.3%.
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