Latest Stock Market News

A host of brokerages have downgraded the target prices of a number of stocks in the last one month.

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

On August 1, 2023, the stock market witnessed intriguing movements as several stocks crossed their 100-day Simple Moving Average (SMA). These developments have piqued the interest of investors, signaling potential upswings and investment opportunities in the market.

On the technical charts, the 200-day moving average of the stock stood at Rs 234.43.

On August 1, StockEdge data identified over 100 stocks trading in the overbought zone. From this pack, ETMarkets has handpicked 10 stocks that are exhibiting high RSI values. In this article, we will explore the significance of RSI, analyze the selected overbought stocks, and shed light on how investors can navigate this situation to make informed decisions.

A total of 8,369 shares changed hands on the counter till 01:49PM (IST).

​But we look at this as an opportunity to create fresh trades and a fall to 19,430 or something would be broadly called shallow, although from the high of 19,990 you may say okay it is like 3-4% or something but that is fair.

The stock quoted a 52-week high of Rs 1214.6 and a 52-week low of Rs 658.0.

U GRO Capital’s Vice Chairman and Managing Director, Shachindra Nath, has announced that the firm is targeting over INR 25,000 crore ($3.42bn) in the next three to four years, with an immediate goal to reach INR 18,000 crore by 2025. Nath stated that U GRO Capital is on track to meet these goals, with Q3 profits marking the third consecutive quarter of strong performance.

As the stock market continues to exhibit its dynamic nature, several BSE SmallCap stocks have surged to new heights, hitting their 52-week highs on August 2. Investors were enthused as prominent companies like DB Corp, Dilip Buildcon, and DCM Shriram industries displayed remarkable performance, leading the rally.