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​I do not think that we would see a close below 44,500. In fact, 45,000 on an immediate basis is also good support and we see on an intraday basis Bank Nifty took support at 45,000 and has bounced back again.

The stock traded at a P/E multiple of 17.18, while the price-to-book value ratio stood at 1.61.

On the technical charts, the RSI of the stock stood at 58.79.

MarketSmith has a positive view on some stocks that it believes are near the buy point.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 7.01 per cent and 3.29 per cent, respectively.

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.