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Godrej Consumer shares up 0.01% as Nifty drops

Updated at : 2024-02-07 13:40:02

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A total of 12,873 shares changed hands on the counter till 12:59PM (IST).

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Jana Small Finance Bank IPO is priced in the range of Rs 393-414 per share, where investors can bid for 36 shares in one lot and multiples thereafter. The issue, which comprises fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares, opens today and closes on February 9.

Short-term traders can look to buy the stock now or on dips for a possible target above 600 levels in the next 3-4 weeks.

Our belief is that going forward, it will be the finance segment which has been not doing too well of late because the heavyweights are not doing too well. But as I said that, it is mainly because of the liquidity constrain in the market today that they are not able to perform so well. I think RBI also cognizant of the fact that maybe we will see some kind of easing of liquidity in the near future, so that should help the banking sector

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

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The Nifty IT index was trading 0.86 per cent down at 37917.95.

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