Mon, Jul 1, 2024 1:06 PM
90 per cent returns from its 52-week low: Srestha Finvest Ltd
A Flip by Riya Sharma
Shares of Jai Balaji Industries Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 20 per cent. The company also posted robust Quarterly Results.
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Indian equity markets have reached all-time highs, with the Sensex breaching 80,000 and Nifty 50 touching new highs. Motilal Oswal's analysis shows varying sector valuations: Auto (PE ratio 25.6x, 6% discount), Private Banks (PB ratio 2.4x, 4% discount), PSU Banks (PB ratio 1.3x, 57% premium), and Real Estate (PE ratio 54.8x, 94% premium).
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HDFC Bank will conduct a 13.5-hour system upgrade on July 13, 2024, to enhance customer experience and improve performance speed, capacity, and reliability. During this period, customers will have limited access to certain services. The lender has chosen a bank holiday to minimize customer inconvenience. Meanwhile, HDFC Bank's stock price surged to an all-time high, gaining 3.5%.
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