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V-Guard Industries, a household appliance company, has seen a significant rally in its stock price, reaching a new record high. Technical analysis reveals an inverted head and shoulder pattern, indicating a potential continuation of the upward trend. The stock is trading well above key moving averages, and the RSI suggests an overbought condition, implying a possible pullback. The MACD indicator is also bullish. Experts predict further price increases, with a target level of Rs 340 and a stop loss at Rs 255.

​The same thing goes in terms of spending for clothing. The moment the weather patterns are slightly off, it is less cold, the winter wear per se, whatever it might be, just goes for a toss.

The initial public offering (IPO) of Senco Gold, a prominent jewelry player in eastern India, was subscribed 19% in the first few hours of the bidding process. The retail portion was subscribed 33%, while the non-institutional investor category subscribed 11%. The company raised Rs 121 crore in the anchor round ahead of the IPO. Senco Gold has an extensive retail network of 136 showrooms and specializes in the sale of gold and diamonds. The IPO is a combination of fresh issues and the offer for sale (OFS) portion.

Vaidyanathan says once the deal is done, what one can expect from the bank is “diversified shareholding, large institutional investors, probably even getting into the MSCI index. That will frankly be a very big moment. We are looking forward to building a great bank.”

The stock traded at a P/E multiple of 54.92, while the price-to-book value ratio stood at 5.77.

​Now we are seeing strong inflows from everywhere and which means we are seeing one space after the other follow up and there is some amount of rotation which is going on.

“The business of Bajaj Finance remains steady. Investors like predictable growth as well. At the same time, at a CAGR level if you produce 30% growth at the end of 10 years, you are talking about 1400% growth in the business and that gives a simple average of 140%. That is what this particular company is operating with.”

Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 250161.83 Crore) operating in Retail sector.

Gold futures on the MCX have gained 6% on a year-to-date basis, while silver futures prices have increased by nearly 0.36% in value terms. The August gold futures were trading at Rs 58,275 per 10 grams, while September silver futures were at Rs 70,320 per kg. The upcoming US nonfarm payroll report and the FOMC minutes of the June meeting are expected to impact gold prices. Experts recommend buying gold futures at Rs 58,000 with a stop loss of Rs 57,700 and a target price of Rs 58,500.

Shares of IDFC First Bank dropped by up to 6% following the announcement of a merger with parent company IDFC. The share swap deal appeared to favor IDFC, leading to a higher stock price for IDFC and a lower price for IDFC First Bank. Nuvama Institutional Equities recommended entering into a spread trade at an adequate level, which is unlikely to occur. The merger is subject to regulatory approvals and is expected to take 12 to 15 months to complete.