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The company, spun off from Glenmark Pharmaceuticals in 2019 to focus on the API business, said total revenue from operations climbed 18% to 5.87 billion rupees during the quarter, with regulated markets including the U.S., Europe and India contributing 78%.

This ADX or Average Directional Index is a trend indicator that measures both the intensity as well as the momentum of the stock. Following the trend helps to minimize losses and also increases the scope of potential gains.

The robust response from investors is mainly due to comfortable pricing and strong management focus towards microfinance business in the north eastern belt of India.

After its Q1 results, Ashok Leyland achieved a new 52-week high at Rs. 183.25 on July 21, 2023. As a major player in the automotive industry, Ashok Leyland is renowned for manufacturing commercial vehicles.

The Relative Strength Index (RSI) is an essential technical indicator measuring price movement speed and change. It shows that an RSI above 70 means a stock is trading higher than its underlying value, indicating an overbought condition, while an RSI below 30 suggests an oversold condition.

Bitcoin continued to trade below the US$30,000 mark for another consecutive day, influenced by various factors such as investors taking profits and the strengthening of the US dollar, Edul Patel, Co-founder and CEO at Mudrex, said.

As of now, some succor is available on margins from a pick-up in sentiments and therefore disbursement velocity in the relatively high-yield NBFC adjacent risk-on loan segments like CV/CE, micro-SME, rural, etc. These are inherently higher-yield segments and should provide incremental support to loan yields, in our view.

​In such a scenario, the stock’s cumulative open interest decreases whereas the price, average traded and delivered quantity of 5 days increase.​

​Now it is making a fresh swing high so at the current juncture if it sustains above levels of 970 probably it can head towards 1100 in a short period of time or 1120 for that matter.

Moving Average is a crucial technical milestone for stocks, often indicating potential changes in long-term trends. On July 20, 2023, companies like Gujarat Ambuja Exports, Borosil Renewables, and others demonstrated their strength and positive momentum by surpassing this indicator.