The number of mutual funds holding the stock in their portfolio has doubled since May, data on Trendlyne showed. Aditya Birla Sun Life Small Cap Fund was the highest buyer of the shares of the NBFC in October.

The company targets industry-leading volume growth in the near future. A turnaround in east profitability is key, it said. “With volume growth/cost leadership, Dalmia is a strong mid-cap cement play,” said the note.

In the NSE list of stocks with a market cap of over Rs 3,000 crore, six stocks crossed their previous 5-year high values at close on November 28, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look:

Sectorally, buying was seen in FMCG, utilities, power, consumer durables, and healthcare stocks while some selling was visible in auto space.

As per the Fibonacci ratios, the stock has the potential to head higher towards 86 and 95 levels being 3.618 and 4.24 retracement ratios, respectively. Whereas on the downside key intermediate support is seen at 76-71.

In the NSE list of stocks, five stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average Continue Reading

While Nifty gave a return of 9% in the September quarter of FY23, a handful of companies staged a turnaround from loss-making to profit-making on a year-on-year basis.

The panel will have to advise the regulator on simplifying and strengthening the current norms by adopting appropriate global practices. The committee, which has representatives from stock exchanges and law firms, would also have to suggest measures to facilitate ease of doing business.

Barkin said he believes the Fed needs to make sure not to stop raising rates too soon, and should save any talk of potentially loosening policy until it is sure inflation is under control.

IDBI Bank’s sale process kicked off when a preliminary information memorandum was issued by the finance ministry on October 7. The government of India and Life Insurance Corporation of India (LIC) are jointly selling 60.72% equity in the bank.