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Experts suggest that KPR Mills, part of the garment industry, could head towards Rs 700 due to a breakout above the ascending triangle, which is a bullish sign. The stock hit a 52-week high of Rs 648 on 12th June and is trading above most crucial short and long-term moving averages. However, the Relative Strength Index shows the stock is close to the overbought zone, implying that profit booking may occur. The stock corrected by 38% after registering an all-time high of Rs 760 but has been moving up in a higher top/higher bottom pattern since Dec 2022, generating a 30% gain in the last seven months.

​So I think that is a space which has not done much for the last two, three years. We have continued to like hospitals over pharma but this may be the time for some of these generic pharma names.

The stock traded at a P/E multiple of 21.66, while the price-to-book value ratio stood at 4.27.

SJVN signed an MoU with Maharashtra State Power Generation Company (MAHAGENCO) for the development of a 5,000 MW renewable energy project including hydro, pumped storage, wind, solar, hybrid and green hydrogen. MAHAGENCO and SJVN will also jointly participate in tenders floated by the Government of Maharashtra for the renovation and modernization of small hydro-power stations operated by MAHAGENCO. SJVN now has a project portfolio of 54,065 MW, with 2,091.5 MW under operation, while the remainder is in various developmental stages, with a target of reaching 5,000 MW by 2023-24, 25,000 MW by 2030 and 50,000 MW by 2040.

A total of 1,218,298 shares changed hands on the counter till time (IST).

We have less debt. We have better profitability. We are literally lowest cost producer and we produce something there is no competition. We have raised $35 billion.

On the technical charts, the RSI of the stock stood at 66.29.

The Nifty Auto index closed 0.17 per cent up at 14682.7.

Foreign portfolio investors were net buyers for the second straight day at Rs 1,714 crore. DIIs net sold shares worth Rs 654 crore on Wednesday.

Seven stocks, including Indiabulls Housing Finance Company, Indian Energy Exchange, India Cements, Bharat Heavy Electricals, Manappuram Finance, Delta Corp and Zee Entertainment Enterprises, will be under F&O ban for trading on Thursday, June 15. The ban on any stock’s F&O contracts enter into effect when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the OI falls below 80%. The banned stocks will be available for trading in the cash market. Meanwhile, Indian indices Sensex and Nifty50 registered their third successive gains.