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JAPAN-STOCKS/CLOSE (UPDATE 1)UPDATE 1-Nikkei drops most in 3 mths as BOJ decision drags bank shares

The stock quoted a 52-week high price of Rs 3466.4 and a 52-week low of Rs 1897.35.

The brokerage maintains buy as it still expects 20% EPS CAGR and 2pp RoCE improvement over FY23-25E, along with cheap valuation.

Rishi Chopra, spokesperson of Swan Energy, said the agreement will enhance the rental earning capabilities of the vessel, and therefore the net revenue from the rental will strengthen our profitability position.

In the meantime, shares of Adani Total Gas, Adani Transmission, and Adani Green Energy were locked in 5% upper circuit limits. Those trading with a negative bias include NDTV, Adani Wilmar, and Ambuja Cements.

Promoters held 46.86 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 9.64 per cent and 4.04 per cent, respectively.

On the technical charts, the 200-day moving average of the stock stood at Rs 2362.53.

“The position of the government with regard to the NMDC is quite clear it is not divesting anything from the NMDC stake. We are of course going for the strategic divestment of the Nagarnar Steel Ltd. which has been de-merged from NMDC now. That is the only thing on the offer as far as the NMDC is concerned.”

The stock quoted a 52-week high price of Rs 730.0 and low of Rs 397.3.

HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 887875.23 Crore).