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"The crypto market is still recovering from the Silvergate fiasco as BTC, the world’s largest crypto by market cap, is down by 5% in seven days. If the Silvergate fallout doesn’t result in a broader contagion, then we may see a gradual recovery in digital assets across the board. The good thing is that the overall crypto market cap is still holding above the $1 trillion mark," Shivam Thakral, CEO of BuyUcoin, said.

Technical analyst Nilesh Jain remains bullish on stocks of state-run banks, and picks State Bank of India (SBI) and Bank of Baroda (BOB) as his top bets. Jain is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking.

The profit includes an exceptional gain of Rs 359 crore, with respect to a JV with Bel SA for the cheese business and the consequent sale of a 49% equity stake in its subsidiary and a fair valuation of the residual stake of 51%

The Relative Strength Index of the stock stood at 46.16 on Monday.

The stock quoted a 52-week high price of Rs 1028.75 and a 52-week low of Rs 656.1.

A total of 7,896 shares changed hands on the counter till 01:53PM (IST).

As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 24.66 per cent and domestic institutional investors had 14.96 per cent.

A bullish flag pattern is formed with strong uptrends and is considered a continuation pattern. The neckline of the pattern was placed above Rs 3,200 levels. The stock closed at Rs 3,312 on 1 March 2023.

The consensus recommendation from 27 analysts for the stock is a buy. Out of the 27 analysts covering the stock, 19 have strong buy and buy ratings, while three have strong sell and sell ratings, and the other five have hold ratings.

Correction in the dollar index from resistance levels was one of the major reasons for the recovery in gold and silver, currency and commodity expert Anuj Gupta said. Bullion is also taking positive cues from stronger than expected business activity in China which is the largest commodity importer in the world, Gupta said.