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A total of 1,678 shares changed hands on the counter till 12:58PM (IST)

Promoters held 68.6 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 7.28 per cent and 5.44 per cent, respectively.

Rohit Seksaria, Fund Manager at Sundaram AMC, believes both PSU and private banks are currently attractive in terms of valuations. He notes that PSUs have improved their asset quality and are trading at historical price-to-book ratios. Rate cuts are expected soon, which could benefit NBFCs, small finance banks, and PSUs more than larger private banks.

Shares of Astra Microwave Products climbed 4% to a daily high of Rs 910 on the BSE, while Premier Explosives saw a 5% increase, reaching a high of Rs 588. This rise follows the announcement that both companies have signed a memorandum of understanding (MoU) to collaborate on developing and marketing products together.

Oil prices rose over 1% on Wednesday, recovering some losses from the previous day. A drop in U.S. crude inventories and concerns about Hurricane Francine affecting U.S. output countered worries about weak global demand. Brent crude futures increased to $70.29 a barrel, while U.S. crude futures reached $66.86.

The stock quoted a 52-week high price of Rs 506.85 and low of Rs 207.85.

​​​Let us say something or deposits maturing in, let us say, six to nine months and if you look at share of those deposits, probably private sector banks scores well here because they have slightly higher tenure of deposits which are maturing in the six to nine months and therefore, that can get repriced almost in a matter of two to three quarters which will help in lowering down the incremental cost of deposits.

​So, India versus the rest of the world story continues. Of course, if the world really dips very sharply, then we will not be unaffected. But as of now, that is not the base case. We are expecting a soft landing in the US, which is okay for India. The theme, of course, continues to be within India, to stick to the domestic linked segments, not so much for the export linked segments or the globally exposed segments like energy, chemicals, metals, etc.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 21.85 per cent and domestic institutional investors had 6.74 per cent.

A total of 174,669 shares changed hands on the counter till 12:17PM (IST).