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The stock has recently made a higher bottom formation pattern on the daily chart taking support near the Rs 990 zone and given a decent pullback with improving bias moving past the significant 50 EMA level of Rs 1,002.67, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher, said.

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A total of 68,554 shares changed hands on the counter till 10:20AM (IST)

The highest new OI addition was seen at 18,000 for Calls and 17,000 for Puts in weekly and at 18,000 for Calls and 17,000 for Puts in monthly contracts. Bulls regained control of D-Street after a mild selloff seen earlier this week. A retest of 17,800-17,900 levels is on the cards, suggest experts.

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Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2217.71 Crore) operating in Infrastructure sector.

The Nifty Pharma index was trading 0.27 per cent down at 12610.45.

Gold demand in India improved last week as domestic prices dropped to a more than two-week low, while volumes were sombre in other Asian centres. In the spot market, the highest purity gold was sold at Rs 51,630 per 10 grams while silver was priced at Rs 55,224 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

Stocks that were in focus included names like Jyothy Labs which was up nearly 6 per cent, RBL Bank which gained over 17 per cent, and Solar Industries which hit a fresh 52-week high with strong volumes.

Buy Can Fin Homes, target price Rs 670: IIFL

Updated at : 2022-08-25 10:45:02

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Can Fin Homes Ltd. key Products/Revenue Segments include Interest and Fees & Commission Income for the year ending 31-Mar-2022.

"The timely return of foreign institutional investors, banking credit growth in mid-teens, the progress of monsoon, commentary of corporates on greenfield & brownfield capex & the better than expected first quarter earnings season lays down probability for markets to scale new highs somewhere in this calendar year or financial year."

“Stocks like Siemens, Honeywell Automation, ABB, Hitachi have been on our buying radar since January. We are looking for good returns. In the last four-five years they have not given returns and there will be a lot of capex on the upgradation of machinery. Many of these companies have adopted automation and digitisation. One stock to play auto ancillary plus digitisation is Bosch.”

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