Latest Stock Market News

​Where we need to open account and then start doing something which will contribute in a significant way to the revenue, that would be the third part. So that is the way I am looking at it. If you look at it, mutual fund is doing extremely well. So, we are growing at it and all of our thought processes and our plans are to ensure that we retain the market share there and grow it better.

The stock quoted a 52-week high of Rs 554.05 and a 52-week low of Rs 462.95.

The stock traded at a P/E multiple of 44.46, while the price-to-book value ratio stood at 7.01.

A total of 20,041 shares changed hands on the counter till 01:07PM (IST).

The Relative Strength Index of the stock stood at 55.38 on Monday.

The stock quoted a 52-week high of Rs 608.65 and a 52-week low of Rs 380.95.

Bharat Petroleum Corporation Limited (BPCL) has recorded a breakout from an ascending triangle formation on its weekly charts, opening up potential for the stock to reach INR 400 levels. Short-term traders are suggested to buy the stock for a possible target of INR 400 in the next 3-4 weeks. The stock formed a strong base above INR 288 levels and is trading below short-term moving averages such as 5 and 10-DMA on the daily charts but above 30, 50 and 200-DMA. Momentum indicator RSI has given a range breakout, which has bullish implications.

I think we are in the middle that is the challenge that you do not have a situation where I do not think we are in greed, if you have greed you will have huge local mutual fund inflow.

Motilal Oswal Financial Services has issued a buy call for Tata Motors Ltd. with a target price of Rs. 590, citing that Tata Motors will benefit from the commercial vehicle upcycle and stable growth in passenger cars, as well as company-specific volume and margin drivers.

ICICI Securities has downgraded Hindustan Aeronautics Ltd. (HAL) to an add call with a target price of Rs 3385.0. While the company has strong order book potential, execution is crucial. The current market price of HAL is Rs 3022.6, and the revised target price represents a 14% upside from the current level. In Q1 2023, HAL reported a consolidated total income of Rs 13216.90 crore, up 114.47% from the previous quarter and up 9.58% from the same quarter last year.