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The company has fixed a price band of Rs 1,026-1,080 for its IPO, which is completely an offer for sale (OFS) of 40 million equity shares by promoters and other existing shareholders.

Investors will closely monitor results from some of the highest-valued U.S. companies including Microsoft Corp, Google parent Alphabet Inc and Amazon.com Inc this week.

​Reliance Industries on Friday reported a 19% year-on-year (YoY) rise in consolidated net profit for Q4FY23 to Rs 19,299 crore.

A total of 327,379 shares changed hands on the counter till time (IST).

"Yes Bank slippages, both for the quarter sequentially and also YoY, have come down almost 25%. This year, the slippage is in the range of 2.5%. Going forward, we would be able to control the slippages between 1% and 1.5%, not more than that. Because continuously, our SMA-2 number, which is 61-90 days, are improving."

As per Trendlyne data, the average target price of the stock is Rs 61, which shows a downside of 26% from the current market prices. The consensus recommendation from two analysts for Rail Vikas Nigam is a strong buy.

On the technical charts, the RSI of the stock stood at 51.81.

"We are seeing a time-wise correction over here and there is no clear trend at present. Markets are likely to head on the higher side. 17500-17450 is a strong demand zone. Similarly, Bank Nifty also has good support at 41,950-41,750 levels. But yes, we are seeing some time correction but eventually we are going to head higher."

IndusInd Bank Q4 Results: The profit beat the estimate of ET Now Poll, which expected the figure to be around Rs 2,000 crore

Gold trading was subdued on Monday as investors awaited monetary policy decisions from major economies, including the Bank of Japan on 27 April, the US Federal Reserve’s Federal Open Market Committee meeting on 2-3 May, the European Central Bank on 4 May and the Bank of England on 11 May. The yellow metal was struggling to remain above $2,000 per ounce, and was under pressure as the US Federal Reserve’s aggressive monetary tightening policies to curb inflation weighed on prices.