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The merger has gone on exactly as we had planned in terms of timing, in terms of approvals. I must genuinely give credit to all the regulators, RBI, SEBI, IRDA, pension regulator, NHP, for all the support of the competition commission, for all the support that they gave us through the whole process. Everything touchwood, touchwood, worked really like a dream.

On Thursday, July 13, 2023, several significant stocks, including Finolex Cables, TCS, KIOCL, Triveni Turbine, Thermax, Aptus Value Housing Finance India, L&T Technology Services, and HDFC Bank, crossed their 50-day Simple Moving Average (SMA) indicating a potential shift in short-term momentum. These companies displayed impressive performance and positive momentum, surpassing their respective 50 SMA, which is considered a positive sign for investors.

Over 50 stocks have been identified as overbought by the Relative Strength Index (RSI), a technical analysis tool used by investors to gauge market trends. When the RSI rises above 70, the stock may be overbought, suggesting a potential correction. Data from July 13 shows 10 stocks in the overbought zone, including Tejas Networks, Indian Bank

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 7.01 per cent and domestic institutional investors had 3.29 per cent.

The BSE 100 index witnessed a significant surge on Friday, July 14, with several companies hitting their 52-week highs. Notable companies included consumer goods firm Colgate-Palmolive, who hit Rs 1,830.20; Info Edge (India), which reached Rs 4,679.15; Oil and Natural Gas Corporation Limited (ONGC),

Over 30 stocks were previously trading in the overbought zone but saw a bearish RSI trend. However, ETMarkets reports that 10 stocks are still trading in the overbought zone, even though their RSI has decreased. RSI is a technical indicator that ranges from 0-100 and measures the change and speed of price movements.

The stock traded at a P/E multiple of 21.07, while the price-to-book value ratio stood at 2.11.

The earnings season is about to start next week in Asia, with Taiwan Semiconductor Manufacturing and Infosys Ltd set to announce results. The downturn of the global tech industry has deepened after the pandemic and recession fears affected consumer sentiment. The curbs imposed by China on two essential metals used in chips

A total of 31,082 shares changed hands on the counter till 02:08PM (IST).

Over 340 stocks have shown formation of Golden Crossover, a widely recognised technical indicator, as their 50-day moving average crossed above their 200-day moving average, indicating a shift in momentum from bearish to bullish. ETMarkets has identified ten of the stocks which include Can Fin Homes, Canara Bank, and Ceat.