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The big companies are struggling to reinvest capital. There is not enough opportunities on the ground to leverage the cycle forward, which is, I think, given valuation spread, inability to invest capital into larger projects, they will tend to be a little, should I say, cash flow yield kind of valuations rather than growth valuations.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 21.5 per cent and 1.58 per cent, respectively.

The Relative Strength Index of the stock stood at 58.37 on Monday.

The Indian automobile sector witnessed a broad-based rally in the past week with the 15-stock Nifty Auto index outperforming the broader Nifty50, and has given over 28% returns in the 12-month period. Aamar Deo Singh, Head Advisory at Angel One recommended investors book part profits and trail the balance as short-term indicators in Nifty50 are displaying fatigue at higher levels, and profit-booking is possible. Top brokerages, including BNP Paribas, JM Financials and LKP Securities, advise a stock-picking strategy to investors. The firms remain positive on the sector, with LKP, recommending Maruti Suzuki, M&M, Ashok Leyland, TVS Motor and Bajaj Auto stocks as their preferred picks.

The Nifty Realty index was trading 1.24 per cent up at 504.65.

​So, once you are looking at that data points coming in your favour, then the probability of you making extraordinary money in the sectoral theme should be a good opportunity, that is the way we define our logic or thesis of launching multiple sectoral funds.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 34043.74 Crore) operating in Metals - Ferrous sector.

A total of 6,070 shares changed hands on the counter till 12:36PM (IST).

​So in some senses the hath mein smartphone is now accompanied by jeb mein paisa and I think that combination is what has led to a dramatic shift in online transactors.

Indiabulls Housing Finance Company, Indian Energy Exchange (IEX) and The India Cements are under the F&O ban for trading from June 12. The ban applies when the open interest on any stock reaches 95% of the market-wide position limits, and is lifted when it falls below 80%. While Indiabulls has been under the ban since June 6, IEX is the latest stock to enter the list, and India Cements re-entered after a two-session break. All three stocks will be available for trading in the cash market.