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​Our assessment is that this trajectory, this trend will continue going forward also. Giving an exact number will be difficult, but this trajectory, I think, will continue.

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A total of 65,361 shares changed hands on the counter till 01:47PM (IST)

Thirty stocks were reported to be trading with a Relative Strength Index(RSI) trending down on July 20th, indicating weakened price momentum opportunities. The RSI, a technical indicator measuring change and speed in price movements, ranges from 0 to 100. Readings above 70 signify a stock

Brokerage house ICICI Securities on Friday reported a one per cent decline in profit after tax (PAT) at Rs 271 crore for three months ended June 2023. In comparison, the company reported a PAT of Rs 273.6 crore in the year-ago period, ICICI Securities said in a regulatory filing.

Indian Oil Corp. shares gain 0.51% as Sensex falls

Updated at : 2023-07-21 13:20:01

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The stock quoted a 52-week high of Rs 101.44 and a 52-week low of Rs 65.2.

Indonesia launches new crypto bourse, clearing house

Updated at : 2023-07-21 13:20:01

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Indonesia bans the use of cryptocurrencies as a means of payment, but allows investment in the assets. Such investment boomed during the pandemic, with data showing that as of June, 17.54 million people in the country had invested in the digital assets, more than the number of investors registered with the stock exchange.

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The Relative Strength Index of the stock stood at 49.45 on Friday.

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​RBL Bank was very cheap at that time. HDB Financial was very cheap. Today what has happened is that all of these stocks are completely discovered as good as a public market stock.

A company can be delisted by buying out just 90% of its holding. This may result in some minority shareholders left out despite the delisting. This creates ongoing compliance challenges and becomes expensive for the delisted companies.

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“What happens in this space is that there is a valuation asymmetry because of lack of information. For example, in the case of PharmEasy or Reliance Retail, once the price starts going up, investors start seeing price as a value because there is no way to decipher what is the real value and that is where some people get burnt.”

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