Latest Stock Market News

Jamna Auto Industries: Buy| Target Rs 116| Stop Loss Rs 104

Incorporated in 2009, Abans Holdings, the financial services arm of Abans Group, is engaged in financial services, gold refining, jewelry, commodities trading, agricultural trading and warehousing, software development, and real estate.

Bitcoin slipped below $17,000 levels, while Ethereum was trading below the $1,250 mark. Adding to the woes of traders, the liquidity in the crypto market remained thin, signaling lesser liquidity for the digital assets.

On the technical charts, the RSI of the stock stood at 79.53.

Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 650761.57 Crore) operating in IT Software sector.

The stock quoted a 52-week high price of Rs 7377.6 and a 52-week low of Rs 4299.8.

At 11.07 am, the scrip was trading 6.8% higher at Rs 21 over its last day’s closing price of Rs 19.7 per share. The stock has also surged nearly 63% in the last six months, while it has risen about 50% on a year-to-date basis.

A total of 328,991 shares changed hands on the counter till 11:52AM (IST)

In the last one month alone, Punjab and Sind Bank is up nearly 71%, UCO Bank 55%, Union Bank of India 51%, Bank of India (BoI) 42% and Central Bank of India 39.5%. On a year-to-date (YTD) basis, Bank of Baroda (BoB), Indian Bank and Union Bank of India have more than doubled investor wealth.

If one looks at the stock performance, most of them have given positive returns consistently in the last three years. Industrial equipment maker Elpro International, GMM Pfaudler, Inox Wind, Asahi India Glass, Indian Hotels, and Blue Dart Express have given double-digit returns in the current financial year despite the volatility in the market.