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Jefferies’ stance triggered strong buying action in the stock with nearly 30 lakh shares changing hands on the NSE at 10:50 am. The traded value of the shares stood at Rs 2,278.18 crore around this time. Today’s rally was the second successive session of gains in the stock.

Nokia and rival Ericsson have been hit by slowing orders from customers, mostly in their high-margin North American markets. Ericsson last week reported a 62% fall in quarterly adjusted operating profit, slightly above market expectations.

A total of 3,418 shares changed hands on the counter till 12:29PM (IST).

The RSI is a technical indicator widely used by traders and investors to gauge the momentum of a stock. It oscillates between 0 to 100 and measures the speed and change of price movements.

Slower pace of retracement above 20 days EMA highlights inherent strength.

Gupta said that the gold futures on the MCX have gained 2.76% or Rs 1,607 per 10 grams on a month-to-date basis. They were up 8.75% or Rs 4,810 on the year-to-date basis as of Wednesday, July 19 on the closing price basis. Meanwhile, Silver futures have gained nearly by Rs 6,385 or 8.75% in value terms in July while gaining by 10.14% or Rs 7,035 on the YTD basis, he added

Promoters held 16.49 per cent stake in the company as of 30-Jun-2023, while FIIs owned 42.34 per cent, DIIs 26.16 per cent.

As per the contract, construction of the greenfield EV manufacturing facility will be completed within 12 months from the date of approval of the shareholders (July 19, 2023).

Well, first thing is that fairly, most of the time, you are supposed to get fair value only because when the valuations are too attractive, then mostly it is happening because the flows are scared.

Mastek, incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 6739.88 Crore) operating in IT Software sector.