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The brokerage has a hold call on the counter as it finds BPCL to be expensive on price-to-book value (P/B) basis.

Stocks that were in focus include names like Bank of India which was up nearly 5%, Union Bank of India which gained over 6%, and RCF which was up over 3% on Tuesday.

Hatsun Agro Product’s shares will trade ex-rights in respect of the rights issue of 1 share for every 30 shares held offered at a price of Rs 419 per share.

S&P BSE Sensex fell more than 200 points while Nifty50 closed below 18,700 levels on Tuesday.

While bank fixed deposits or FD interest rates are improving, a handful of stocks still offer better dividend yields. In a report, IDBI Capital has come out with 28 stocks with high dividend yields.

Morgan Stanley maintained its overweight rating on ICICI Bank with a target price of Rs 1250 with an upside of over 35% from Rs 921 recorded on December 6 , 2022.

Again just like it happens on the savings accounts where banks are offering just 2.5% even though their NIMs are going up I think the time is for the banks to increase the interest levels for the customers rather than ask for the government to give a tax dole out.

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said talks of longer-than-expected recession have again surfaced and negative comments from influential voices like Jamie Dimon are impacting sentiments.

Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 32978.58 Crore) operating in Auto Ancillaries sector.

On Tuesday, the rupee declined by 65 paise to close at an over one-month low of 82.50 against the US dollar.