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Tech stocks may begin to feel selling pressure now, he says
Asset quality of the lender deteriorated during the quarter with the percentage of gross non-performing assets to gross advances moved higher to 9.79%
The stock opened at Rs 550 apiece on the National Stock Exchange (NSE) a premium of 1.66% or Rs 9 over its issue price of Rs 541.
Aptus Value Housing Finance got listed at Rs 333, marking a discount of Rs 20 or 5.67% on the NSE.
The US markets ended higher on Monday on stronger-than-expected home sales data and full regulatory approval of Pfizer’s Covid-19 vaccine.
Shares of Chemplast Sanmar and Aptus Value Housing Finance will debut on the bourses today, 24 August 2021.
The S&P BSE Sensex, advanced 226.47 points or 0.41% to 55,555.79 on Monday. The Nifty 50 index gained 45.95 points or 0.28% to 16,496.45.
Mudit Goyal of SMC Global Securities is positive on SBI Life with a target price of Rs 1,170.
CFDs allow traders and investors an opportunity to profit from price movement without owning the underlying assets
Unlike benchmark indices, there was a sell-off in the broader markets as the BSE MidCap index declined 0.90% or 204 points to 22,475