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The Relative Strength Index of the stock stood at 55.35 on Thursday.

Nestle India said its net profit for the March quarter fell 1.25 per cent year-on-year (YoY) to Rs 594.71 crore compared with Rs 602.25 crore in the same quarter last year. The company had reported a 20 per cent drop in profit in the December quarter.

The stock has been a marked underperformer in the last year but recent technical structure points towards some recovery which could help Ramco stock price to climb closer towards Rs 1,000 in the next quarter, suggest experts.

According to a PTI report, in a letter dated April 19, the RBI stated that Fino Bank can carry out referral services of term deposit products in the form of FD and RD as a Business Correspondent of Suryoday Small Finance Bank (SSFB). Shares of Fino Bank climbed to a high of Rs 318.35 as against Rs 305.40 at previous close on the BSE.

“Other than JSW and Adani, the incumbents like UltraTech, Dalmia and Shree are the top three who I think should be bidding because it makes logical sense for them not to allow any other strong player to come into their sector. So they should also be aggressively bidding. So all these four, five names are going to be frontrunners.”

As of 31-Mar-2022, promoters held 26.45 per cent stake in the company, while FIIs held 53.88 per cent and domestic institutional investors had 5.3 per cent.

A total of 39 shares changed hands on the counter till 11:21AM (IST).

The dollar index, which gauges the US currency against six major rivals, was last at 100.50 versus 100.34 at previous close. The index was at 98.31 at the end of the previous month.

Future Retail’s counter rose to a high of Rs 30.45 as against Rs 29 at previous close on the BSE.

Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 19788.80 Crore) operating in Chemicals sector.