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"We tend to think it is a little too early to expect the dollar bear trend to run a lot further just yet," ING Bank stated in a note

Here are the top 5 revenue-generating companies of the salt-to-software conglomerate in FY23, along with their respective profit figures. ​

“Whenever there is consensus on something, it is always one of the most dangerous sectors to go into. It is marked by over ownership. We like under ownership whenever there is consensus buy, this over ownership we are very sceptical about. But there are two-three things which are going for the bank sector. We have to remember that last year was a great year for the banking sector.”

From Sensex pack, Infosys, NTPC, Power Grid, and Titan closed higher, while IndusInd Bank, Kotak Bank, JSW Steel, M&M, and HDFC Bank ended lower.

The IPO of IREDA was booked 3.41 times so far on the second day of the bidding process, led by strong interest from non-institutional investors, whose category was subscribed 5.73 times. IREDA shares are commanding a premium of Rs 10 in the unlisted market against an offer price of Rs 31.

The strong revenue and profit show was driven by volume growth of 27% year-on-year (YoY). In the same period, Mamaearth achieved an EBITDA of Rs 40 crore, up 53% YoY.

Nifty is trading at a 17.2% discount to the 10-year average which provides comfort to Prabhudas who believes that the headline index is not trading in a bubble zone. The 50-stock index has remained flattish in the past 6 weeks and given just 1.6% return in the quarter gone by, riding on inflows of the domestic institutional investors (DIIs) even as the foreign institutional investors (FIIs) preferred selling the domestic equities, the note said.

When the stock prices move up and open interest on the counter also moves upwards, it is taken as a sign of a long buildup.

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As of 30-Sep-2023, promoters held 0.0 per cent stake in the company, while FIIs held 7.93 per cent and domestic institutional investors had 3.2 per cent.