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Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 30491.53 Crore) operating in Financial Services sector.

Shares of the companies usually trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

The Relative Strength Index of the stock stood at 67.49 on Wednesday.

A total of 171,769 shares changed hands on the counter till time (IST).

One day before the re-organization was announced, Alibaba founder Jack Ma, who had been out of mainland China since late 2021, was spotted visiting a primary school in Hangzhou, the city where Alibaba is headquartered.

Some midcap banking names, particularly those in the PSU banking space such as Union Bank, have shown good performance and growth, making them attractive after a correction. Infrastructure companies, such as PNC, GR, HD Infrastructure, and Dilip Buildcon, are seeing a pickup in orders, which is expected to continue through the pre-election year. Other attractive sectors include soft commodities like sugar and rice, pump companies such as Kirloskar Brothers, and water company Ion Exchange.

The banking sector is being watched closely due to recent developments, but the fundamentals remain robust, says Luke Browne of Manulife Investment Management. Market sentiment is currently fragile, and the probability of a US recession rising to over 35% from 20% in January. However, Browne believes that while a recession may occur, it is likely to be shallow, and the Fed will have ammunition to limit the damage.

On the monthly options front, the maximum Call OI is placed at 17000 and then toward 17100 strikes while the maximum Put OI is placed at 17000 and then towards 16800 strikes.

Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2022.

Demand for affordable and priority housing segments has declined due to higher costs, while mid and upper segments continue to show growth. The pandemic has led to an increased aspiration for larger homes, with new projects launching slightly larger 1 BHK and 2 BHK apartments. However, increasing property prices and interest rates have resulted in a cumulative increase in the cost of owning a home by nearly 28-30%, with affordability shrinking by 15%.