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Central Bank of India, incorporated in the year 1911, is a banking company (having a market cap of Rs 24436.84 Crore).

On the technical charts, the 200-day moving average of the stock stood at Rs 45722.26.

​We have the economy picking up pretty well, they are increasing the forecast for FY2023 and FY2024 and beyond. Oil prices, one of the biggest problem with India, have now corrected significantly. The war in Europe is no longer such a major issue. As far as inflation globally and in India is concerned we are beyond the curb and India have gone through the toughest part of inflation, interest rate increases.

Going further, the brokerage expects HDFC Life to report better growth, considering the synergy benefits accruing on account of the merger.

The stock quoted a 52-week high of Rs 27932.6 and a 52-week low of Rs 17900.0.

Promoters held 69.64 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 8.29 per cent and 11.34 per cent, respectively.

A total of 9,742 shares changed hands on the counter till 12:53PM (IST).

​More importantly I believe that probably once we see global investors starting to reallocate capital to emerging markets next year once the US Fed goes on to a pause I think this time around the capital flows that India will get will be significantly higher than we have seen in any of the previous cycles.

It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project.

The stock traded at a P/E multiple of 39.08, while the price-to-book value ratio stood at 6.89.