Out of the 14 analysts covering the stock, only two have buy ratings while six have sell ratings, and another six have hold ratings. The average share price target of the stock signals a downside potential of 25% from the current market price.

KEI Industries is a leading player in the wires and cables (W&C) space with an extensive product portfolio and distribution reach with PAN India presence. KEI ranks among the top three wires and cables (W&C) manufacturers in the country. It services retail and institutional customers.

In the NSE list of stocks, 4 stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average Continue Reading

Stocks that were in focus include names like RVNL which was up over 5%, IRFC which closed with gains of nearly 6% and HDFC Life which rose more than 4% on Thursday.

In the NSE list of stocks with a market cap of over Rs 1,000 crore, four stocks crossed their previous 5-year high value at the close on November 24, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look:

The S&P BSE Sensex and Nifty50 were hovering near new lifetime highs on Thursday.

Nifty futures on the Singapore Exchange traded 40.5 points, or 0.22 per cent, lower at 18,627.50, signaling that Dalal Street was headed for a negative start on Friday.

The USFDA has issued 8 observations for the drug product facility and API facility at Mandideep. The US drug regulator has inspected company’s Mandideep unit-1 facility during November 14-23, 2022.

Formulating monetary policy has become more challenging in the current environment because of data lags and also frequent reviews, Patra said. “On the basis of data one month and three months ago, I will have to assess what inflation and growth are going to be one year down the line,” Continue Reading

Top bankers say that cash withdrawal from ATMs slowed down in major cities, as payments through UPI (united payments interface) have clearly taken over. However, ATMs are still very relevant for cash customers in India, especially in the tier-2 to tier-6 towns.