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A total of 51,245 shares changed hands on the counter till 01:03PM (IST)

In this article, we explore the Relative Strength Index (RSI) and its significance in assessing stock movements. On August 7, StockEdge reported that 27 stocks experienced a downtrend in RSI. ETMarkets handpicked 10 of these stocks for closer analysis

Analysts advised investors to subscribe to the issue given its complex product portfolio, presence in niche space, strong client relationship, and high entry barriers.

Trendlyne data shows that 7 BSE largecap stocks, including Axis Bank, ICICI Bank, Adani Ports, and LIC have high analyst ratings and can rally up to 50%.

The stock which hit a high of Rs 1,470 on 17th November 2021 failed to hold on to the momentum. The stock found support a year after around Rs 356 on 17th November 2022 – which translates into a fall of more than 70%.

"We believe that election is a very big event and big festival in one way and a lot of spending happens in the rural side and we have seen historically that whenever Lok Sabha election happens, the credit demand goes up. Even the collection efficiency dramatically improves. An election year is a good year for the MSME and housing segments as well. So the election will not have any negative impact, it will have a positive impact as such."

​And that has been the case for many-many years now. So the right way to look at it is year on year. So I think year on year, you had an increase as far as EBITDA is concerned, and you had a flat EBITDA as far as sequential quarters are concerned.

The stock traded at a P/E multiple of 15.69, while the price-to-book value ratio stood at 1.49.

Definitely, the market has moved up during the last quarter after being lacklustre for more than a year. And positive return in the market helps us to earn more trail revenue as it is linked to market value of the assets.

A total of 12,747 shares changed hands on the counter till 12:33PM (IST).