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A total of 287,281 shares changed hands on the counter till 10:40AM (IST)

​So if you live in a country where nominal GDP grows at 10-11%, good companies grow their earnings by 15-16%, their cash flows by 19-20%, I have never quite understood why we should book profits.

“There is going to be a good amount of exciting action in IT. We might see a bit of a consolidation, but from a risk reward point of view, this sector still offers a lot of value and that is particularly the case for the largecap names.”

With strong capability & track record in terms of execution, healthy orderbook, huge order inflow opportunity, recovery in high-margin consultancybiz & debt-free balance sheet, we believe company’s financial performanceto improve significantly over FY23-25E as compared to FY20-23.

The Relative Strength Index of the stock stood at 64.78 on Monday.

Softness in the US dollar and sustained FII inflows supported the rupee, forex traders said, adding that the strength in crude oil prices remains a concern for the local unit, as a sharp surge in prices could limit its gains.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

The fund started in December 2022 and has been able to generate returns of 26% in the first 7 months of operation. Our core focus remains on the following:

While equities remain the most popular avenue, Jain continues to believe that a well-diversified portfolio is the most prudent strategy for any investor.