![]() ![]() PSU banks like Central Bank of India, Bank of Baroda, Bank of India, UCO Bank and Punjab & Sind Bank are rising in trade. However, it maintains a positive outlook on the company due to its comprehensive product portfolio, focus on expanding distribution and emphasis on branding.Īavas Financiers is rising despite Small Cap World Fund offloading a 0.9% equity stake (7,08,978 shares) in the company at an average price of Rs 1,350 per pieceĪstra Microwave Products, Kalpataru Projects International, Mankind Pharma and Engineers India witness an increase in mutual fund holdings in the past month. The brokerage cites the stock price run-up in the past three months for lowering its rating on the firm. ICICI Securities downgrades its rating on Prince Pipes and Fittings to ‘Add’ from ‘Buy’ with a target price of Rs 703. Oil slides more than 1% on China growth uncertainties /VcnrAYAQbw Brent crude oil price falls to $75.94 per barrel. Global oil prices drop by more than 1% amid concerns over China's faltering post-Covid recovery.Under this contract, the company has agreed to supply OPaL with 13.5 trillion British thermal units (Btu) of Natural Gas from October 2023 to May 2026. HPCL has secured the contract through competitive bidding against a tender by OPaL. Hindustan Petroleum rises as it wins a major long-term contract from ONGC Petro additions (OPaL). The Government of India will sell 92.44 lakh shares, or 0.15% equity stake, in BSE to eligible employees at ?226.10 apiece via offer for sale (OFS) The employee OFS is scheduled to open on Wednesday. The Centre announces the sale of 92.44 lakh shares (0.15% equity) of Coal India to eligible employees of the company through an offer for sale (OFS). The deal has been executed at an average price of Rs 500 per share. IIFL Finance is rising as DSP Mutual Fund purchases a 1.3% equity stake (50,00,000 shares) in the company. Tata Consultancy Services, HDFC Bank, ICICI Bank and Hindustan Unilever have TTM PE ratios that trade above their respective industries by 0.1, 1.1, 0.5, and 0.7 points, respectively. It has also risen 20.3% over the past month, enabling the company to be featured in a screener of stocks that have been overbought by the money flow index (MFI). According to Trendlyne's Forecaster, the stock has a consensus recommendation of 'Strong Buy' from three analysts. Money flow index (MFI) indicates that stocks like HEG, Poly Medicure, One97 Communications and Home First Finance are in the overbought zoneįive-Star Business Finance rises 9% in trade, aiding it in appearing in a screener of stocks near their 52-week highs. Brent crude oil futures recovered from their day low and traded marginally higher on a volatile day of trade. US markets will remain closed today due to Juneteenth National Independence Day. ![]() European indices traded in the red, despite the US indices futures trading in the red. Major Asian indices closed in the red, except for Australia’s ASX All Ordinaries index, which closed higher. ![]() According to Trendlyne’s sector dashboard, Diversified was the top-performing sector of the day. Nifty Pharma and Nifty IT closed higher than Friday’s close. Nifty Smallcap 100 and Nifty Midcap 100 closed higher, outperforming the benchmark index. Shriram Finance closed nearly 5% higher after 99.2 lakh shares (2.65% equity) amounting to Rs 1,390 crore, changed hands in a block deal. The benchmark Nifty 50 index fell over 70 points and closed below the 18,800 mark. Indian indices closed in the red, with the Indian volatility index, Nifty VIX, rising by over 3.6%. ![]()
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