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Bank of Baroda has reported a continued improvementin business growth as well as asset quality, which is expected to aid return ratios and, thus, valuations.

The stock price started its fall from Rs 404 (August 2018). The stock breached Keltner channels on downside and made a low of Rs 5.55 in March 2020. The stock recovered and made a high of Rs 20.83 (December 2020). Thereafter, the stock traded in the range of (Rs 10-18) from March 2021 to November 2022.

Incorporated in 2009, Abans Holdings, the financial services arm of Abans Group, is engaged in financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development and real estate.

ICICI Securities has raised volume estimates for FY23E/FY24E by 3.9/1.4%, respectively, to factor stronger actuals and higher guidance in H1FY23.

A total of 21,675 shares changed hands on the counter till 10:51AM (IST)

Jefferies initiated a buy rating on Medanta (Global Health) with a buy rating and a target price of Rs 550. Medanta is a top-notch healthcare provider with strong brand equity, the brokerage said.

The stock quoted a 52-week high price of Rs 278.1 and low of Rs 181.15.

Besides, a high net debt/EBITDA of 2.3x (FY24E) relative to peers is also a concern.

Further, farm income is expected to grow higher on the back of a good Rabi crop season. And inflation pressures are showing signs of easing. Moreover, the persistent COVID-led restrictions in China and major slowdown in Europe has forced companies globally to look for alternate sources and this became a major boon for India.

The Relative Strength Index of the stock stood at 34.55 on Friday.