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A total of 9,080 shares changed hands on the counter till time (IST).

The stock traded at a P/E multiple of 65.22, while the price-to-book value ratio stood at 17.8.

. We should get to see fresh investment in the current financial year. There is lot of positive sentiments. So, eventually all this opens up opportunities for banks like us and we are quite hopeful to capture all those opportunities.

Jefferies has raised the target price on Tata Motors to Rs 700 from Rs 665, estimating a 24% upside in the base case scenario. Meanwhile, Jefferies sees a maximum upside of 40%, with a price target of Rs 790 per share. The price target of Rs 700 is based on 11X FY25E EV/EBITDA for India CVs, 10X FY25E EV/EBITDA for India PVs, 2.3X FY25E EV/EBITDA for JLR and 50% discount to transaction value in stake sale to TPG for India EVs. Tata Motors vowed to focus on EVs while achieving strong profitability and cash flows during its ‘Investor Day’ meeting.

On the technical charts, the RSI of the stock stood at 64.03.

I think war perhaps might continue because some of the banks are still having the credit deposit ratio as high as about 85% plus. So I think that will probably push them to clamour for liabilities. So war might continue, but how long? We will have to probably wait and watch because how much more they can shell out to be seen when they would not have any possibility of increasing their MCLR, etc., because as I indicated that we seem to be in a long pause situation.

SME IPOs are fundraising procedures that allow small or medium-sized businesses to go public and also gives them a platform to be listed on indices.

So in the case of lenders, my reckoning is AI will help them do more with less expenditure on head count, allow them to provide better services, better credit underwriting at lower expenditure and I think therefore, for lenders in our country, it is a positive.

Promoters held 63.21 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 23.72 per cent and 3.88 per cent, respectively.

​This indicates a bullish sentiment as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased.