Latest Stock Market News

The Relative Strength Index of the stock stood at 49.08 on Monday.

The auto stock rose from Rs 441 as on 16 February 2023 to Rs 938 as on 16th February 2024 which translates into an upside of 112% in 1 year.

The stock quoted a 52-week high of Rs 317.9 and a 52-week low of Rs 207.85.

Short buildup means more people are expecting the prices to go down and creating short positions.

Renewal and green energy investment are key focus areas for the government. The Budget emphasizes fiscal consolidation, capex growth, and energy transition. Sachin Bajaj of Max Life highlights the significance of achieving a sustainable debt-to-GDP ratio and discusses the sectors benefiting from Budget 2024. He also says many green energy companies will get listed over the next decade and create shareholders’ wealth in the process.

It is an uptrend signal if the RSI value has crossed above 50 from below.

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 18232.75 Crore) operating in Consumer Durables sector.

Aamar Deo Singh of Angel One says investors need to be cautious with fresh investments due to unappealing risk-reward ratio in many stocks. Nifty and Bank Nifty are consolidating, while India VIX levels remain stable. With the results season over, all eyes are on the US FOMC meeting minutes, slated to be released later this week. Top gainers include MRPL, Natco Pharma, and Aegis Logistics.

Analysts expect market sentiment to strengthen further as the prospect of a pre-election rally is quite strong.