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IDFC First Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 64459.09 Crore).

“There is an inherent strength in all the balance sheets of the large scale metal companies. Metal companies have seen a brilliant consolidation of one or two years. The prices are favourable and we are going to see an up cycle over the next one or two years. It could be a good time to look at this sector.”

Promoters held 59.39 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 24.96 per cent and 3.29 per cent, respectively.

​So ATBS off take has been slow starting April. I expect it to remain slow till September, and maybe the off take will pick up starting October-November, towards the end of this year.

Investors in the auto sector should focus on stocks that are still experiencing demand and can offset higher commodity prices. Demand patterns in the auto industry are changing, with a shift from sedans to SUVs. Steel prices are expected to rise in the coming months, which could further impact margins. In the two-wheeler segment, the premium luxury bike market is expected to perform well."

The Relative Strength Index of the stock stood at 55.37 on Monday.

The crypto market was range-bound over the weekend and continues to trade sideways. The crypto fear and greed index, too, remained steady over the weekend. The index is currently in the fear zone with a score of 40/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.

A total of 14,147 shares changed hands on the counter till time (IST).

While many finfluencers provide valuable insights, there has been a growing concern over the potential risks associated with unregulated finfluencers who might offer biased or misleading advice. They usually work on a commission-based model.

The multibagger stock with 128% returns on investment over the last 12 months could rise by another 48% in the next 3-4 quarters, according to experts.