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SRF shares up 1.13% as Nifty gains

Updated at : 2023-09-04 12:25:02

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A total of 12,251 shares changed hands on the counter till time (IST).

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Promoters held 37.01 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 25.01 per cent and 9.14 per cent, respectively.

“Kotak Bank has been one of the underperformers because its relative growth versus the peers has been a bit lagging for whatever conservative strategies they followed. Will this change? That is one important parameter to look at. And will it also change the perception given the new leadership team which emerges?”

CLSA maintained a buy rating on Bajaj Finance with a target price of Rs 9000. It is well-poised on growth and profitability for the medium term.

"We have been informed by AntFin, that their shareholding in the company has reduced from 23.79% to 9.90% of the total equity share capital. Accordingly, no person affiliated with AntFin will qualify as a Significant Beneficial Owner (SBO) of the company," Paytm informed exchanges.

Comex is closed for trading today on account of US Labour day. Gold futures ended at $1,965.35 per troy ounce on Friday, down by $1 or 0.05% while Silver futures closed at $24.530, lower by $0.003 or 0.010%.

Going forward, in the absence of any major domestic triggers, indices will likely take some cues from global markets.

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"In the September series, the Nifty appears to be in a bullish trend as it has just crossed above the 21-day Exponential Moving Average (EMA) for the first time in several days. This suggests the potential for a bullish reversal. Looking at the higher end of the spectrum, there is now a resistance level at 19,530 points. If the Nifty manages to breach this resistance, it could signal a continuation of the uptrend."

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The Relative Strength Index of the stock stood at 69.51 on Monday.

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Krsnaa Diagnostics, incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 2000.03 Crore) operating in Hospitals & Allied Services sector.

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