Latest Stock Market News

IRB Infrastructure stock rose from Rs 26 as on 11 August 2023 to Rs 34.10 recorded on 11 September 2023 which translates into an upside of about 30% in a month.

Here’s a look at the top 10 largecap stocks that mutual fund houses bought in August.

Tarsons Products, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 2794.13 Crore) operating in Hospitals & Allied Services sector.

The Relative Strength Index of the stock stood at 62.99 on Wednesday.

SAMHI Hotels is a prominent hotel ownership and asset management platform in India, with the third largest inventory of operational keys (owned and leased) in the country as of February, 2023. Some of the marquee names in its portfolio are Hyatt Regency-Pune, Courtyard by Marriott-Bengaluru among others.

The stock traded at a P/E multiple of 55.17, while the price-to-book value ratio stood at 16.29.

​On the candlestick screener, a bullish reversal pattern helps identify stocks that can leap upwards from a downward zone​

​It is a 2-day candlestick pattern in which there is a long green candle on the next day within the range of the previous day but that closes below the midpoint of the previous day’s candlestick body.​

​This signifies people holding a short position on a stock have decided to exit, and further, traders buy back shares that they initially took positions in to short sell​

"We believe that the increased retail participation in the equity market is a structural trend that will last at least the next ten years. At the same time, we believe that while a greater number of retail investors will gain direct exposure to the equity market through cash and derivative settlements, an even greater number will gain indirect exposure to the equity market, particularly through equity-oriented mutual fund schemes."