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Glenmark Life Sciences achieved a new 52-week high at Rs. 658 on July 21, 2023. As a subsidiary of Glenmark Pharma, Glenmark Life Sciences is a leading developer and manufacturer of active pharmaceutical ingredients (APIs) and intermediates.

Jio Financial Services became the ninth most-valuable firm in the BFSI space

Foreign ownership in billionaire Mukesh Ambani’s company rose to 22.55% in the three-months ended June after dipping to the lowest level since 2017 earlier this year, according to the latest shareholding filed by the firm on Thursday. A recent special session that saw Jio Financial Services Ltd. valued at about $20 billion also helped sentiment in Reliance, which has risen more than 26% from a low in March.

​The value of RSI ranges between 0-100. The StockEdge data computes the value of RSI by taking 14 days as the reference period. So, here are a few of the largecaps whose RSIs have crossed the 70 mark, suggesting an overbought state​

Bharti Airtel surged above the 20 SMA on July 21, 2023, with its stock price at Rs. 884.85, above the 20 SMA of Rs. 873.22. Bharti Airtel is a leading telecommunications company, providing mobile, broadband, and digital services to millions of customers in India and beyond.

HDFC Life Insurance is now a part of the merged entity HDFC Bank, and the latter holds a 50.4% stake in the former. “Our focus is on strengthening our partnership with HDFC Bank, enhancing collaboration, and maximizing customer engagement within our group,” said Vibha Padalkar, MD & CEO of the life insurer.

"While the macro-economic environment is still uncertain, we continue to broad base our growth across client segments, verticals, and geographies, with strong pipeline growth," Chief Executive Officer and Managing Director of Mphasis Nitin Rakesh said.

The company, spun off from Glenmark Pharmaceuticals in 2019 to focus on the API business, said total revenue from operations climbed 18% to 5.87 billion rupees during the quarter, with regulated markets including the U.S., Europe and India contributing 78%.

This ADX or Average Directional Index is a trend indicator that measures both the intensity as well as the momentum of the stock. Following the trend helps to minimize losses and also increases the scope of potential gains.

The robust response from investors is mainly due to comfortable pricing and strong management focus towards microfinance business in the north eastern belt of India.