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Bandhan Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 38708.88 Crore).

"The President of ISMA, Aditya Jhunjhunwala, says that there is currently no ban on sugar exports in India. He mentioned that the country has enough sugar production, with a surplus of 4 million tonnes. Jhunjhunwala emphasized that the government and industry will wait until the end of September to assess the final crop numbers before making any decisions. He also mentioned that the current sugar prices in India are lower compared to international prices."

Promoters held 63.21 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 23.53 per cent and 4.24 per cent, respectively.

JFSL was to exit all S&P BSE indices on August 29, provided it did not hit the lower circuit in a 3-day period. However, now that the stock has hit the lower circuit again on Thursday, the removal date will be deferred again by another three days.

Domestic brokerage firm Prabhudas Lilladher is bullish on a few largecap stocks, which belong to different sectors such as auto, bank, and consumer staples.

“For the companies which are associated with Chandrayaan 3, there will be a surging order bookd and interest from global investors. It also opens up the export markets. PSUs and defence companies were given lower multiples in the past because of the limited order size, but now I think they will be re-rating.”

Paras Defence and Space Technologies, which specialises in defence and space optics, defence electronics, heavy engineering, etc. supplied the navigation system for Chandrayaan-3. After a 5% rally yesterday, the stock was up over 12% today.

Data analysed by ETMarkets showed that as many as 154 companies that are part of the BSE500, have seen operating profit growing at a faster pace than revenue in the last quarter.

"The price discovery will happen once this technical selling is over. I still strongly believe that it starts off the race in a very strong place with strong capital which is the number one requirement for any NBFC. So, which means I think over time, it will actually see a re-rating of the multiples which on a fair value basis is hardly about a couple of times book value where it should trade much higher given its NIMS will be much higher."

The stock has given a consolidation breakout.