Latest Stock Market News

The Relative Strength Index of the stock stood at 74.24 on Monday.

The stock traded at a P/E multiple of 107.84, while the price-to-book value ratio stood at 8.0.

​In the Futures and Options segment, a short buildup occurs when there is an increase in open interest and trading volumes accompanied by a decline in the price of the underlying stock.

The stock quoted a 52-week high price of Rs 1148.3 and a 52-week low of Rs 615.45.

Swaminathan Aiyar foresees a possible Trump win leading to 10% global tariffs, 60% on China, sparking a trade war. EU and Modi could retaliate. Trump might cut NATO funding, ban H1B visas, ignore Taiwan, prosecute Biden officials, and cause US chaos. Congress and courts could limit actions. Rate cut expectations persist.

​Experts suggest considering stocks like DMart, HUL, ICICI Bank, LIC, and Mphasis for short-term gains based on technical analysis and recent market trends.

Kotak Mahindra Bank saw its shares drop 3% due to NIM disappointment at 5.02% for Q1FY25. Despite a robust 81% increase in standalone net profit to Rs 6,250 crore, concerns persist over funding costs and margin pressures. Brokerages advise caution as RBI restrictions continue to impact growth and profitability.

​So, the key will be the resolution of the issues pointed out by RBI and once that happens, that will be sentimentally positive, so that is how it is placed. Overall earning season is turning out to be muted in general.

YES Bank shares surged 5% to Rs 26 on BSE following its report of a standalone net profit of Rs 502.43 crore for Q1 FY2024, marking a 47% increase from Rs 342.52 crore a year ago. Interest earned in the quarter rose 19.8% to Rs 7,719.15 crore from Rs 6,443.22 crore in the same period last year.

​In the F&O segment, a long buildup is observed when there is a simultaneous increase in open interest, trading volumes, and the price of the underlying stock, signaling a bullish trend in the market.