Latest Stock Market News

The Relative Strength Index of the stock stood at 43.22 on Tuesday.

Key triggers are recovery in GRMs ahead of estimates, faster consolidation in telecom leading to tariff upside in Jio, possible public listing of Jio leading to re-rating valuation multiple, retail biz gaining market share faster than expected and Jiomart GMV beating expectation.

With a competitive manufacturing base in India, the UK, the US, and Mexico, along with technical and logistical support worldwide, the company provides optimal product development and manufacturing solutions to its domestic and international customers.

The Anup Engineering, incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 989.02 Crore) operating in Engineering sector.

The stock quoted a 52-week high of Rs 440.75 and a 52-week low of Rs 206.1.

2023 will be a strong year of earnings for Indian banks, Morgan Stanley said in a note. Traders can deploy a Barbell strategy that could bring better outcomes this year, said the global brokerage.

A total of 8,304 shares changed hands on the counter till 12:04PM (IST).

“The order book climbs terrifically for Siemens in India on the back of the Rs 26,000-crore deal win. This order will be delivered over a period of 11 years. And those numbers will fall into the revenue numbers of Siemens in India. This projects us into a completely different level of business here in India.”

Key additions by mutual funds in the month of December include newly launched IPO stocks such as KFin Technologies, Sula Vineyards and Landmark Cars.

“Financials is the largest sector in our portfolio because we anchored the fund weights around the index weights to the extent possible. So the top five sectors in the fund will also be the top five sectors in the index. We are focussed on quality as the core anchor of the stock selection and these type of stocks tend to be less vulnerable to economic cycles.”