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The long-term interest rates relative to equity valuations have strong predictive power for equity returns.
The price band for Bengaluru based company has been fixed at Rs 734-744 per share having a face value of Rs 2 per share.
Axis Securities highlighted that even in the mid and smallcap space, quality stocks have outperformed the non-quality stocks by a significant margin.
A 200-300 point correction for the Nifty will be healthy at this stage as it will ensure the bulls come back stronger
Rain Industries' consolidated net profit surged 672.4% YoY to Rs 265.80 crore on a 54.3% jump in net sales to Rs 3,643.47 crore in Q1 June 2021.
Globally markets have taken a breather from the risk-on mode. India too is likely to follow suit.
Rohit Singre of LKP Securities is positive on Titan Company with a target price of Rs 2075/2100
UCO Bank said that the Reserve Bank of India has lifted Prompt Corrective Action restrictions on the bank.
Key equity indices BSE Sensex and NSE Nifty ended flat after a volatile trade on Wednesday, tracking negative global cues.
The overall market breadth was positive as 1,812 stocks on the BSE advanced, while 1,366 declined and 165 were unchanged.