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A total of 16,888 shares changed hands on the counter till 02:05PM (IST).

These nine stocks can rise between 2-48%.​

Bharat Forge said its board at its meeting held on Wednesday also approved conversion of existing inter corporate deposits given by it to Kalyani Powertrain Ltd (KPTL), a wholly-owned arm, along with interest amounting to Rs 111.3 crore into equity shares, to reduce the overall borrowings at KPTL.

​Secondly, I think there are several issues concerning growth, does the RBI see that the high 8% still and finally when you look at the bond market data on may be how much of the Rs 2000 notes have come back

“If you look at our view in terms of markets, we believe that earnings have been in general good. There are tailwinds but maybe valuations have run a little ahead of themselves, a little above their long-term averages. So if the market consolidates for a bit so that the earnings actually catch up to the valuations, that will be probably a good thing.”

In this article, we delve into the world of stock market analysis, focusing on the Relative Strength Index (RSI) and its pivotal role in understanding stock movements. We explore the recent trends in RSI for a handpicked selection of 10 stocks that have entered the overbought zone. These insights, derived from a recent screener output, offer potential investors valuable information to aid in their decision-making process.

The stock witnessed a breakout from a 12-month rectangle pattern in May 2023 on the weekly charts and since then it has been trading above the upper trendline resistance placed around Rs 120 levels.

The Relative Strength Index of the stock stood at 59.62 on Wednesday.

The stock traded at a P/E multiple of 11.8, while the price-to-book value ratio stood at 1.08.

The impact of inflation on portfolios highlights the importance of considering asset classes that can provide a hedge against inflation, such as equities and real estate despite a challenge on growth. Investing in volatile markets can be a daunting task, with unpredictable price swings and heightened uncertainty.