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Experts suggest that UNO Minda, a part of the auto component sector, has broken out from a symmetrical triangle pattern on the weekly charts, leaving room for the stock to hit fresh record highs in the next three months. Short to medium-term traders may want to purchase the stock now, or on minor dips, with a target of Rs 690, they say.

Indian indices, S&P BSE Sensex and Nifty50, were up in opening trade, boosted by IT stocks. Sensex traded at 65,741, up 182 points (0.28%), while Nifty50 hovered around 19,473, up 59 points (0.31%). Nifty Bank surged 201 points (0.45%) in early trade, and volatility eased as India VIX stood at 10.70, declining by 2.14%. Anand James

Gold and silver futures have continued to rise, reaching one-month high levels amid falling US inflation rates and the dollar index slipping to a 15-month low which boosted the appeal of bullion. The August gold futures on the MCX climbed to INR59,285 ($796) per 10 grams, while September silver futures were up 0.34% to reach INR75,585.

We think the compounding story is largely going to be similar across banks. So, you are talking about high teens compounding of the book value growth.

As of 31-Mar-2023, promoters held 23.5 per cent stake in the company, while FIIs held 49.78 per cent and domestic institutional investors had 6.04 per cent.

Wipro, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 215977.00 Crore) operating in IT Software sector.

The Relative Strength Index of the stock stood at 42.78 on Friday.

Federal Bank reported a YoY earnings growth of 42% in Q1 but recorded a 16 bps QoQ decline in net interest margin (NIM). Despite this, most brokerages maintain a buy rating for the stock. Kotak Equities argues that the bank is well-positioned to achieve a return on assets (RoA) of over 1.2% in the next few years.

The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1593.5.

From the Sensex pack, Infosys, Tech Mahindra, TCS, Wipro, HCL Tech, and Bajaj Finserv opened with gains, while Power Grid, M&M, NTPC, Asian Paints, Sun Pharma and Bharti Airtel opened with cuts.