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The new rules come into effect from April 1 when mutual funds with less than 35% invested in equities will be taxed as short-term capital gains (STCG) based on income tax slab levels, similar to how bank FDs are taxed.

The rising attrition rate in the sector coupled with challenging macroeconomic events could pose headwinds towards execution in automation projects further, the brokerage firm noted.

KEC International, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 11793.93 Crore) operating in Power sector.

The stock quoted a 52-week high price of Rs 7377.6 and low of Rs 4299.8.

A total of 7,363 shares changed hands on the counter till 12:57PM (IST)

Rajagopal Menon, Vice President at WazirX said, "Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 63.80, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) indicate a Neutral outlook as well at 76.51 and 38.74, respectively."

The stock traded at a P/E multiple of 14.97, while the price-to-book value ratio stood at 1.59.

In the NSE list of stocks, seven stocks with a market cap of over Rs 1,000 crore have been witnessing death crossovers

A host of analysts shared their tech views on particular stocks for the near term. These stocks include Crompton Greaves Consumer and Jindal Steel and Power.

Aditya Birla Sun Life AMC, incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 9335.52 Crore) operating in Financial Services sector.