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However, analysts have a mixed opinion on the counter as a few suggest holding the counter for the long term, whereas others suggest profit booking, either on a partial or full basis.

As of 30-Sep-2022, promoters held 48.76 per cent stake in the company, while FIIs held 20.71 per cent and domestic institutional investors had 9.82 per cent.

In Japan, chip-making equipment maker Tokyo Electron lost 0.94%, game and audio equipment maker Sony Group fell 1.93% and robot maker Fanuc slipped 0.6%.

Finbridge Expo is India’s leading exhibition and conference, catering specifically to the financial services and technology industry.

A total of 49,193 shares changed hands on the counter till 01:45PM (IST)

The stock traded at a P/E multiple of 77.47, while the price-to-book value ratio stood at 7.87.

Central Bank of India, incorporated in the year 1911, is a banking company (having a market cap of Rs 24436.84 Crore).

On the technical charts, the 200-day moving average of the stock stood at Rs 45722.26.

​We have the economy picking up pretty well, they are increasing the forecast for FY2023 and FY2024 and beyond. Oil prices, one of the biggest problem with India, have now corrected significantly. The war in Europe is no longer such a major issue. As far as inflation globally and in India is concerned we are beyond the curb and India have gone through the toughest part of inflation, interest rate increases.

Going further, the brokerage expects HDFC Life to report better growth, considering the synergy benefits accruing on account of the merger.