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PNB Housing, a unit of state-run lender Punjab National Bank, said its consolidated net profit after tax stood at 3.47 billion rupees ($42.4 million) for the quarter ended June 30, compared with 2.35 billion rupees a year earlier.

On July 21, 2023, several key stocks, including Shree Renuka Sugars, PVR Inox, Atul, Amara Raja Batteries, and City Union Bank, surpassed their 100 Simple Moving Averages (SMA) with impressive performances. Shree Renuka Sugars rose to Rs. 46.7, PVR Inox closed at Rs. 1504.1,

The brokerage revises its earnings accordingly and arrive at a target price of Rs 2,300 using a DCF-based valuation methodology implying a 21x multiple on FY25E EPS.

On July 21, StockEdge reported that 29 stocks with Relative Strength Index (RSI) were trending down, indicating a possible shift in their price trends in the stock market. The RSI, which ranges from 0 to 100, is widely used to identify overbought and oversold conditions in a stock, and values above 70 suggest the stock

Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, cut stakes in as many as seven companies during the June quarter, whereas she likely exited three other stocks as her shareholding dipped below 1% in these companies.

Markets are booming and that is very evident from my results also. My numbers are growing. So, I do not see any kind of slowdown. We believe that the coming months going forward the market should further improve.

The stock traded at a P/E multiple of 62.42, while the price-to-book value ratio stood at 7.18.

The S&P BSE MidCap Index saw an impressive display of strength on July 24, 2023, with companies like Aurobindo Pharma, Canara Bank, and General Insurance Corporation leading the rally.

A total of 38,006 shares changed hands on the counter till 01:58PM (IST)

Over 80 stocks, including Mphasis, Tanla Platforms, United Spirits, Ashok Leyland, and Union Bank of India, were reportedly trading in an overbought zone as of July 21, indicating potential price corrections. Technical indicator Relative Strength Index (RSI) values of 70 or more suggest an overbought condition