🔔In this situation, analysts suggest the stock may reach an upside towards Rs 218 followed by Rs 235 levels. However, investors should maintain a strict stop-loss at Rs 188.
The truncated week has turned out to be a decent one for the Nifty but the last two days have been dodgy. Index heavyweights in the form of private banks are keeping the Nifty upside in check. The weekly options expiry session on Thursday followed a script similar to Thursday. While there was negative newsflow surrounding Kotak Mahindra Bank, ICICI Bank and Axis Bank also followed suit.
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In Droneacharaya Aerial Innovations, investor Shankar Sharma sold 2 lakh shares, a 0.83 percent stake at an average price of Rs 153.46. Shankar Sharma had 1.91 percent stake in the company til September 2023. However, the latest shareholding pattern of March 2024 does not figure Sharma as the shareholdings probably fell below 1 percent. Data was not available for shareholding in the December.
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Huawei Technologies Co., the Chinese telecommunications giant blacklisted by the US, is secretly funding cutting-edge research at American universities including Harvard through an independent Washington-based foundation.Huawei is the sole funder of a research competition that has awarded millions of dollars since its inception in 2022 and attracted hundreds of proposals from scientists around.
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