Latest Stock Market News

Several stocks including Morepen Laboratories, Brightcom Group, Avenue Supermarts, Seshasayee Paper and Boards, Supriya Lifescience, Jayaswal Neco Industries, Shalimar Paints, and Automotive Axles displayed a strong bullish momentum on June 15, 2023, by crossing their 200-day Simple Moving Average (SMA). This breakthrough indicates a potential upward trend and growth prospects in the pharmaceuticals, digital advertising, technology, retail, paper and packaging, steel and iron, paints and coatings, and automotive components industries respectively.

Zee Entertainment Enterprises, Bharat Petroleum Corporation, Larsen & Toubro, Jubilant Foodworks, Aurobindo Pharma, and ICICI Lombard General Insurance have seen a notable increase in their delivery percentage and trading volumes, demonstrating heightened investor interest and growing confidence in their potential. These stocks present opportunities for further market gains, with positive market activity and potential growth prospects showcased in each.

Discounted stocks can be a lucrative investment opportunity for investors. In this article, the top 10 Nifty 500 companies offering significant discounts of 30% or more from their 52-week highs have been discussed. Sunteck Realty, Swan Energy, TCNS Clothing, Tata Teleservices (Maharashtra), TeamLease Services, UCO Bank, Uflex, V-Mart Retail, YES Bank, and Zee Entertainment Enterprises are among the companies analyzed. However, investors are advised to conduct thorough research, evaluate risk tolerance, and seek professional assistance before investing. Past performance does not guarantee future results, and the stock market is subject to volatility.

Bank of Baroda, Union Bank of India, Punjab & Sind Bank, and UCO Bank have shown strong signs of recovery from their 52-week lows, reflecting positive market sentiment and investor confidence. Bank of Baroda is currently trading at Rs 187.15, approaching its 52-week high of Rs 197.2. The Union Bank of India is approaching its 52-week high of Rs 96.4, reflecting positive investor response and confidence in its performance. Similarly, Punjab & Sind Bank and UCO Bank are approaching their 52-week highs, reflecting their strong growth potential and market sentiment.

Investors include dividend stocks in their portfolios as they are rewarded with consistent payouts irrespective of the market sentiments.

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 22.39 per cent and domestic institutional investors had 16.55 per cent.

Cryptocurrency markets were mixed in Friday trading, with gains seen in Bitcoin, Ethereum, and Litecoin and cuts seen in XRP, Polygon, and Polkadot. Bitcoin rose 2% to $25,472, while Ethereum was above $1,650. Cryptocurrency market cap rose 1.22% to around $1.04tn in the last 24 hours. Experts predict a choppy market if the hawkish stance on monetary policy continues. Bitcoin’s support is at $25,200 and resistance at $25,700. Major market oscillators point toward a neutral sentiment with a relative strength index (14) at 41, indicating a neutral outlook.

A total of 5,508 shares changed hands on the counter till 01:02PM (IST)

Brokerage Prabhudas Lilladher has shared seven high-conviction smallcap stock ideas that can offer 9-44% returns.​

The stock quoted a 52-week high price of Rs 3928.9 and low of Rs 2443.9.