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Fifteen stocks were found to be trading with Relative Strength Index (RSI) trending down, according to a report by StockEdge. From this group, ETMarkets has selected 10 stocks that are currently trading in an overbought zone. The RSI is a commonly used technical analysis tool that assesses the magnitude and speed of price changes in a security

As of 30-Jun-2023, promoters held 39.99 per cent stake in the company, while FIIs held 33.53 per cent and domestic institutional investors had 7.49 per cent.

RIL announced the demerger of its financial services business into Reliance Strategic Investments, which will be renamed Jio Financial Services and listed on the stock exchanges. Nuvama values the demerged financial services business at Rs 1 lakh crore or Rs 168 a share, which is 5% of the some-of-the-parts valuation of RIL.

The Indian stock market has been one of the best-performing markets in the world over the last 3 months. Over the last 1 year, 3 year, and 5 years, the Nifty 50 has delivered a CAGR of 21.6%, 23%, and 12.4%, respectively. This strong performance has been driven by the confluence of a number of factors. Notably, over the last 2 years, two very significant events have transpired

The exchange filing further said that the trading window of the company for trading in the company’s equity shares has already been closed from Saturday, July 01, till the expiry of forty-eight (48) hours after the announcement/ declaration of the financial results of the company for the quarter ended June 30, 2023.

A total of 28,097 shares changed hands on the counter till 01:36PM (IST)

Following a 7% stake sale, the promoter stake has been reduced from 80.82% in Patanjali to 73.82%. Accordingly, the company has now become compliant with minimum public shareholding requirements of 75%.

The Relative Strength Index of the stock stood at 64.07 on Monday.

In the case of NIMs, we have guided for 7% to 7.5% and we have retained 7.3% on this. 44% of the secured portfolio has come from within that part. If we go to 50%, it will not change the guidance. We will continue to retain that 7% to 7.5%, says Bandhan Bank MD & CEO.

The stock traded at a P/E multiple of 70.03, while the price-to-book value ratio stood at 8.49.