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​We believe that ultimately NBFCs are coolies of credit. We take credit from banks and take it down to deep interiors of India and we believe that still there is a lot to be done in this segment of the economy. There are about 64 million small businesses in the country of which only 8% get access to organised finance.

On the technical charts, the RSI of the stock stood at 25.7.

The stock market witnessed several noteworthy stocks crossing their 50-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

In case a client fails to do so, the broker will transfer the funds and securities of such clients to another registered broker in the next 15 days under advice to the said clients, Sebi said in its order on Wednesday.

Revenue from operations jumped 11% to Rs 3,130 crore. An ET Now Poll saw the profit figure around Rs 462 crore and revenue at Rs 3,128 crore. The revenue was driven by strong double-digit growth in both home and personal care and health care businesses. The Q1 revenue growth stands at 13.3% in constant currency terms

On August 2, Wednesday, StockEdge reported that over 60 stocks were trading with RSI trending down, indicating potential bearish signals in the market. ETMarkets has handpicked 10 stocks from this list, presenting an interactive and informative analysis for potential investors.

August 3 witnessed a remarkable surge in the BSE MidCap segment as several stocks hit new 52-week highs, displaying strong bullish momentum despite market fluctuations.

Gautam Shah of Goldilocks Premium Research, predicts that the Nifty index will eventually reach 22,400 in 12-18 months. Banks and metals look interesting, while FMCG may underperform. IT has potential for a bottom-out, especially in midcaps, due to the digitalisation and AI-led rally. Shah recommends buying TCS and Tech Mahindra as these stocks may outperform the IT index. Shah advises against shorting in a bull market, and recommends buying the dips and staying with the trend of the market.

Gaurav Bissa, VP at InCred Equities, said, "Railway theme has been one of the most interesting and rewarding ones in recent times. While stocks like RVNL and RailTel witnessed quick gains recently, IRFC has been a shy one. This is expected to change in a big way."

As of 30-Jun-2023, promoters held 37.01 per cent stake in the company, while FIIs held 25.01 per cent and domestic institutional investors had 9.14 per cent.