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5 top stock recommendations from CA Rudramurthy BV

Updated at : 2023-05-12 15:20:01

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​Bank Nifty can make the all time highs much faster than Nifty. Also most crucial event coming is Karnataka election results where markets and the exit polls are discounting a simple majority to Congress but if that does not come either, BJP makes it through coalition with JDS or they make it single handedly that will act as another big booster for market.

Indian Oil Corp. declines 0.56% as Sensex climbs

Updated at : 2023-05-12 14:20:01

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The stock traded at a P/E multiple of 19.17, while the price-to-book value ratio stood at 0.82.

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Sources told ET that the total IPO size would be Rs 900 - 1,100 crore, and the company may consider a Pre IPO placement of Rs 123 crore.

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As of 31-Mar-2023, promoters held 38.05 per cent stake in the company, while FIIs held 31.41 per cent and domestic institutional investors had 10.5 per cent.

​ETMarkets is highlighting seven stocks that have provided investors with a wealth increase of over 100%. Among these seven banks, five have already released their financial results for the March quarter, and all have demonstrated a profit growth of over 20% on a year-on-year basis

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Buy HG Infra Engineering at a price target of Rs 1202.

Vedanta shares drop 1.62% as Sensex rises

Updated at : 2023-05-12 14:20:01

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On the technical charts, the RSI of the stock stood at 46.8.

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Revenue from operations, meanwhile, jumped 8% year-on-year to Rs 12,494 crore for the quarter ended March. The same stood at Rs 11,558 crore in the corresponding quarter of last year.

Max Financial shares down 2.37% as Nifty gains

Updated at : 2023-05-12 14:20:01

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A total of 17,288 shares changed hands on the counter till 01:34PM (IST).

The Amrapali project is virtually a private sector project because that was the stalled project, houses left over in between by Amrapali Group, otherwise majority of the orders are from the state government, central government and PSUs.

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