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The rupee was at 83.46 against the U.S. dollar as of 09:40 a.m. IST, up from its previous close at 83.50.

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Promoters held 68.6 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 7.86 per cent and 6.22 per cent, respectively.

These 4 stocks showing RSI Trending Up on May 15

Updated at : 2024-05-16 11:20:01

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​We highlighted stocks which were up over 5% from their previous close. It is an uptrend signal if the RSI value has crossed above 50 from below.

Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30.

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Indian Hotels shares up 1.96% as Nifty drops

Updated at : 2024-05-16 11:20:01

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A total of 59,194 shares changed hands on the counter till time (IST).

Hitesh Zaveri, SVP & Head at Axis AMC, discusses the investment philosophy, stock selection process, market outlook, and sustainable growth in small cap categories. While ehe Brand Equity Portfolio holdings comprise of companies that have (i) established brands, (ii) turnaround brands and (iii) B2C/B2B2C brands, the satellite part of the portfolio comprises companies that have more cyclicality and have greater flexibility to respond to changing market dynamics.

Aveek Mitra of Aveksat Financial Advisory strategizes for post-election investments, considering policy changes, Budget implications, and real estate opportunities in the MMR region for long-term growth. Mitra says: "We have built up different scenarios with most likeliest scenarios to the not likeliest scenario and based on that we will immediately try to see that what best we can do with the cash after the 4th June result."

Buy Biocon, target price Rs 370: Anand Rathi

Updated at : 2024-05-16 10:20:01

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Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 37404.69 Crore) operating in Pharmaceuticals sector.

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