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​Where the results are good, we are seeing those companies getting very well rewarded, especially in the industrial, capital goods sector, the real estate sector. But in sectors where there have been some disappointments like in the consumer space the stocks have also equally reacted on the other side.

​The much anticipated U.S. consumer price index (CPI) data for April fueled optimism that inflation was easing, prompting traders to raise bets that the Federal Reserve will cut interest rates in September and December.

New stock picks of top 10 mutual funds in April

Updated at : 2024-05-16 13:20:01

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In April 2024, mutual funds invested Rs 32,800 crore in Indian secondary market. Key new stock picks include Bharti Hexacom, JNK India, Titagarh Railsystems, and Sun TV Network. HDFC, ICICI Prudential, Kotak, SBI, DSP, Axis, Aditya Birla Sunlife, Edelweiss, Tata, and UTI Mutual Funds made significant investments in various stocks.

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The Relative Strength Index of the stock stood at 31.98 on Thursday.

Bharat Forge share price up 0.75 per cent

Updated at : 2024-05-16 13:20:01

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A total of 17,213 shares changed hands on the counter till 12:57PM (IST).

Crompton Greaves rises 1.23% as Sensex slides

Updated at : 2024-05-16 12:20:01

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The stock traded at a P/E multiple of 46.15, while the price-to-book value ratio stood at 7.01.

Kotak Institutional Equities, a domestic brokerage, reiterated a sell recommendation for Vodafone Idea, citing it as a high-risk, high-reward opportunity. They maintained that under bullish conditions, the stock could potentially rise to Rs 23, assuming a significant 10% 10-year ARPU CAGR.

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A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.

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LIC Housing, in terms of the asset quality, they have done reasonably well. Top line growth was slightly lower than market expectations and we believe that NBFCs as a space can do very well given that we are going to have a slightly stable kind of interest rate environment.

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