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Largecap stocks that pay high and frequent dividends reward investors with consistent payouts. They also come with less volatility compared with small and midcaps.

The stock rose from Rs 100 as on 13th April 2023 to Rs 127 recorded on 14th July 2023 which translates into an upside of about 27%. The momentum helped the stock to hit a record high of Rs 128.80 on 13th July.

A total of 210,925 shares changed hands on the counter till 10:57AM (IST)

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 39.63 per cent and domestic institutional investors had 33.18 per cent.

The brokerage estimates a 10% YoY drop in the bottomline to Rs 16,160 crore, and a 16% fall sequentially. The consolidated revenue may decline 7% YoY and 4% sequentially to Rs 2.08 lakh crore.In the preceding March quarter, the company posted a 19% rise in its net profit at Rs 19,299 crore, while revenue for the same period grew 2% to Rs 2.16 lakh crore.

The banking major is trading in an ascending triangle pattern and nearing the breakout zone of the said pattern. The positive momentum is intact in the stock with parameters like MACD & Relative strength supportive of further up move.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

If one looks at Fed rate hike cycles since the beginning of CY2000, the market has witnessed 4 such cycles – Mid-1999 to Mid-2000, June 2004 – June 2006, Dec-15 – Dec 18, and the current cycle over the past 12 months.

“India seems to be in a structural bull run and a lot of economic activity is favouring small and mid-caps,” says Hemang Kapasi, head of equities at the wealth management firm.