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The stock traded at a P/E multiple of 7.13, while the price-to-book value ratio stood at 2.3.

Price sustaining above recent supply line breakout area and 20 days EMA signaling positive bias.

Equity mutual funds, which attracted inflows of Rs 15,685 crore in February, bought shares of Interglobe Aviation or IndiGo, PSU stock GAIL, realty player Macrotech Developers, Tata Motors, Tech Mahindra, HDFC AMC, PVR, Indiabulls Housing Finance and Nazara Technologies.

Voltamp Transformers, incorporated in the year 1967, is a Small Cap company (having a market cap of Rs 2724.14 Crore) operating in Power sector.

"Let us wait and see what the US CPI print will print tonight and then post that, what the Fed is likely to do on 23. My own sense from the external side, is given the fact that the US 10-year has come off, the US 2-year yields have come off; the dollar index has come off; the pressure from the external, the G10 central banks, that probably will have eased as of now."

The pace of tightening will certainly come down. I do not expect that just because of this event and the response, some kind of QE response which the Fed has already delivered, they would want to pause at this juncture. I think they will continue, but perhaps at a much less aggressive pace than anticipated.

The current crisis is probably going to be over in a week if things are allowed to recover where they are. The other point is contagion. What has happened in the US is to relatively smaller banks, although Silicon Valley Bank is bigger than HDFC Bank, but it is a small bank in comparison to other US banks. The European economies and banking system are more leveraged with far worse quality of assets and way lower governance standards than most US banks.

The stock of PNB has outperformed the Nifty50 by more than 32% over a 12-month period giving returns of 36% as against 4% returned by the broader market index according to a data sourced from Trendlyne.

Brokerage firm Citi recommends a buy in this stock for a price target of Rs 1,061. In a note, it said that Paytm has several existing and emerging levers that are likely to drive price action.

The Nifty opened on a flat note on Monday and witnessed a volatile first half of trading. As the day progressed the selling pressure intensified, and Nifty closed 260 points for the day, Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas said.