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"While picking a new stock , we go through are a) Revenue growth expectations, b) industry growth and competitive scenario, c) management quality and history, d) return ratios (ROCE, ROE), e) cash flow generation (CFO/EBITDA) and allocation and its f) valuations (on absolute and relative basis). We take utmost care that we do not overpay for growth."

Crucial support for the index is placed at 17400 levels and a break below this level could take Nifty50 towards 17000, suggest experts. The highest new open interest (OI) addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16500 for Puts in monthly contracts.

CSB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

“I have been following a not so disciplined asset allocation because of restrictions of my job, but I have diversified myself in equity, real estate, gold and fixed income. I am largely an equity investor but I have exposure in all the asset classes. I am not able to move from one asset class to another as freely as I would have loved because of the restrictions of my job.”

“Akasa Air already flies to Bombay, Ahmadabad, Bangalore, Chennai, Cochin and now Delhi has been added as the sixth destination. We will announce our next set of routes that should be announced in a couple of days but with an aircraft coming every 15 days you will see us expand and announce more and more routes.”

The bank was removed from the PCA framework following the review by the Board for Financial Supervision. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis

The bank informed the bourses that the Board of directors of the bank, the Reserve Bank of India (RBI) vide its letter dated September 20, 2022, has approved the appointment of Rama Subramaniam Gandhi as the Non-Executive (Part-time) Chairman of the Bank.

On the technical charts, the 200-day moving average of the stock stood at Rs 1526.03.

Gold futures on MCX were trading flat, almost unchanged, up by 0.03 per cent or Rs 16 at Rs 49,191 per 10 grams. However, silver futures were gained decently by 0.45 per cent or Rs 251 at Rs 56,594 per kg.

Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside.