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“Bharti is in a very good position to take over some of the market share from Vodafone-Idea and it also reflects a strong growth potential and confidence of the promoter group to put in additional equity in the business.”

HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 862306.35 Crore).

For investors looking to compound their wealth over the long term, Mukherjea says the low-risk route is to depend on consistent compounders, where earnings and cash flows grow at a steady and consistent pace. Such companies come with clean accounts, prudent capital allocation and strong competitive advantages.

A total of 12,140 shares changed hands on the counter till 12:00PM (IST).

The stock traded at a P/E multiple of 8.39, while the price-to-book value ratio stood at 0.7.

The Relative Strength Index of the stock stood at 67.04 on Monday.

“Powell’s announcement that the Fed could taper later this year was not really surprising. ”

The Relative Strength Index of the stock stood at 47.41 on Monday.

Physical gold demand in India was subdued last week as jewellers held off purchases, hoping for a dip in prices, but top consumer China saw a slight uptick in activity.

Madhya Bharat Agro, Punjab Chemical, Datamatics Glob, Gayatri Project and Stampede Cap, hit their fresh 52-week highs at 10:30AM.