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Auto sector has witnessed a healthy retail uptick during Onam and Ganesh Chaturthi, it is expected that retail sales during the upcoming festive season (Diwali, Dusherra) will be strong compared to the previous year. With 27% returns in 6 months, the Nifty Auto index is among the best sectoral performers and is led by strong upside in Tata Motors, Maruti Suzuki, M&M and Hero MotoCorp.

The stock traded at a P/E multiple of 61.94, while the price-to-book value ratio stood at 5.07.

ADF Foods Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2747.14 Crore) operating in FMCG sector.

The Relative Strength Index of the stock stood at 41.22 on Wednesday.

Consumption and industrial activity in September also surprised on the upside, suggesting the recent flurry of policy measures is helping to bolster a tentative recovery.

A total of 8,676 shares changed hands on the counter till time (IST).

LTTS reported a net profit of Rs 315.4 crore on Tuesday, up 5.2% over the year for the second quarter. In line with larger peers, Infosys and HCLTech, the company has also slashed its revenue growth guidance for the fiscal from 20% to 17.5-18.5%, due to “delayed decision making”.

An erroneous report that BlackRock Inc. had won approval to launch a spot ETF rapidly sent the largest digital asset to $30,002 on Monday, the highest price since March. The move cooled after the world’s biggest money manager said its application remains under review, leaving Bitcoin 4.4% higher for Oct. 16.

ETMarkets examines the intriguing combination of overbought stocks with declining RSI trends and highlights 6 stocks for investors to watch closely.

On Tuesday, they set out for public consultation how the holdings should be disclosed to investors.