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Shares of Tata Consultancy Services (TCS), Visaka Industries, DCB Bank, and DJ Mediaprint have turned ex-dividend. TCS, which announced a dividend of Rs 24 per share, has fixed June 15 as the record date. In the last 12 months, TCS has paid a dividend of Rs 91 per share with a dividend yield of 2.8%. While Motilal Oswal has a buy tag on TCS stock, most analysts are cautious on the IT sector in the near term. TCS stock closed flat at Rs 3,245 apiece on NSE.

The stock traded at a P/E multiple of 75.7, while the price-to-book value ratio stood at 30.86.

I think growth recovery is going to be slower. What you are going to see is gross margin expansion which comes through because of RM benefits, lower commodity prices. But the revenue momentum is going to be slower. See, we have all seen the slowdown in the economy. There were pockets, some select autos, some QSR companies which were doing well.

USFB is available at 1.3x FY25E ABV. Looking at the growth opportunities we feel that the stock is trading at attractive valuations and UFSL-the holding company (having 73.67% stake in USFB), which is trading at discount based on the swap ratio looks like a candidate for re-rating.

A total of 60,917 shares changed hands on the counter till time (IST).

I think the Fed will have to adopt some sort of a mid-path, similar to what Canada did, then take cue and take stock of the inflation. And if things continue, at least for the next two quarters, then probably top it up with rate cuts.

​​Among small banks, they bought Equitas, AU Small Finance, Karur Vysya, and Indian Bank. Fund managers also bought select automobile shares as these companies may show increased earnings growth in the coming year on the back of improved demand.

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.

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.

In the Nifty200 pack, nine stocks crossed their previous 5-year high value at the close on June 14, suggesting bullishness in counters.