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The company is majority public owned with 55.79% stake, while promoters own the remaining 39.41%. Among public shareholders, mutual funds have no stake, while foreign investors own a marginal 2.38%.

Utkarsh Small Finance Bank, the fifth small finance bank to be listed, has launched an initial public offer of INR5bn ($66m). The funding will enable the bank to expand its business over the next two years, according to managing director Govind Singh. The shares are priced at between INR23 and INR25, with a face value of INR10. Jana and Fincare are among other small finance banks looking to raise equity via a public offering.

Historically, we have seen that RIL stock price follows price action and breakout most of the time for intraday trading and should be in any long-term portfolio, says Co-Founder of Financial Independence Services Ankit Choudhary

Making higher lows from the last six months which suggests continuous strength and a fresh breakout.

Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7386.51 Crore) operating in Consumer Durables sector.

StockEdge has reported 7 stocks that were trading with Relative Strength Index (RSI) trending up, which is a reliable indicator to gauge the momentum of stocks. RSI helps investors identify overbought and oversold conditions, enabling them to make informed decisions regarding the timing of buying or selling a stock.

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Zee Entertainment Enterprises, Orient Electric, Thermax Limited and Vaibhav Global Limited showed promising growth on July 7, 2023, by crossing their 100-day Simple Moving Average (SMA). Zee Entertainment Enterprises, a media and entertainment company, closed at Rs 206.15, Orient Electric at Rs 252.30, Thermax Limited at Rs 2273.90

The Indian rupee rebounded from its recent losing streak, closing 0.2% higher against the US dollar, due in part to weaker-than-expected US jobs data. The dollar index also dropped 0.9% on Friday, benefiting emerging market FX carry, bringing foreign investors back to the Indian market. The rupee far forward premiums have seen tracking the drop in near-maturity US yields.

The Nifty Pharma index closed 0.12 per cent down at 13751.8.