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Max Healthcare shares rise 1.9% as Nifty drops

Updated at : 2024-07-08 11:25:01

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The stock quoted a 52-week high price of Rs 979.8 and a 52-week low of Rs 509.05.

Bank Nifty ended with a marginal gain at the end of a volatile week. The volatility was led by movements in HDFC Bank, which has a dinosaur weightage in the Bank Nifty. The index managed to close above the critical short-term moving average and above the short-term breakout point, indicating a positive setup.

Towards this end, we would start the week, with expectation of extension in uptrend aiming 24500 or 24720-800. Downside marker is placed near 24250, but we will wait for slippage past 24130 to abandon the upside view.

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The BSE Sensex was trading 170 points, or 0.21%, lower at 79,829. The Nifty50 was down 24 points, or 0.1%, trading at 24,300 around 9:20 am.

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DOMS Industries Ltd. key Products/Revenue Segments include Stationery, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.

While the Sensex eyes 100,000 in 1-2 years, the BSE SME IPO index has already hit this milestone. Small companies entering public markets, driven by investor demand, led to this achievement. The SME IPO market surged over 5000% in 5 years and doubled this year alone.

Presently, our economy is witnessing several structural themes that offer compelling long-term investment prospects. While the easiest gains may have been captured and valuations could be somewhat stretched, market still offers pockets of investment opportunities where quality companies can be found at reasonable valuations.

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