The market moved up Thursday, and S&P BSE SENSEX ended at 73651 points, which is an increase of 0.9 percent. 1494 shares showed a gain and 1827 showed a loss. 92 shares were unchanged and closed at the same price as the previous day. There was no trading in 294 shares. Total value of the trading volume for shares and primary capital certificates Thursday was approximately 83.1 billion. | |
IDFC First Bank Ltd. showed a negative development and ended the day at 75.39 rupee, which is a decline of 3.1 percent. The stock has not closed at a lower price since Jun 2023. The volume was also extremely high. At session end it was bought and sold shares for about 14985 million rupee in the stock, which equals 61 times mean daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
The turnover in Kintech Renewables Ltd was extremely high. Overall it was traded for 3491 millions rupee in the stock, which is 149 times as much as normal daily turnover. Kintech Renewables Ltd closed up 1.9 percent to 494 rupee. The stock is trend wise positive in the medium term.
It was extremely high volume in Indostar Capital Finance Ltd. At session end, 371 million rupee worth of shares had been bought and sold in the stock, which equals 105 times mean daily turnover. Indostar Capital Finance Ltd was down 1.0 percent to close at 186 rupee. The stock has not closed at a lower price since Feb 20. This past week the stock has lost as much as 7.9 percent. The stock is trend wise positive in the medium term.
It was extremely high volume in Rategain Travel Technologies Ltd. At session end, 1006 million rupee worth of shares had been bought and sold in the stock, which equals 59 times mean daily turnover. Rategain Travel Technologies Ltd fell sharply to close at 716 rupee, down 7.5 percent. We must go back to Feb 12 to find an equally steep drop. That time the stock lost 7.7 percent. The stock thereby reversed down after five days of gains. The stock is trend wise positive in the medium term.
GOCL Corporation Ltd. rose sharply to close at 453 rupee, up 20.0 percent. We must go back to Oct 11. 2021 to find an equally strong rise. That time the stock gained 20.0 percent. The volume was also very high. At session end it was bought and sold shares for about 268 million rupee in the stock, which equals 29 times mean daily turnover. The stock is trend wise negative in the medium term.
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Sam Industries Ltd. | 20.00% |
GOCL Corporation Ltd. | 20.00% |
Parshva Enterprises Ltd. | 18.24% |
Decorous Investment & Trad | 14.58% |
Archit Organosys Ltd | 13.87% |
Lorenzini Apparels Ltd. | -93.38% |
Narayani Steels Ltd. | -89.51% |
Persistent Systems Ltd. | -50.71% |
Unistar Multimedia Ltd. | -11.41% |
Galaxy Cloud Kitchens Ltd. | -10.05% |
IDFC First Bank Ltd. | 14984.97 |
Kintech Renewables Ltd | 3491.03 |
HDFC Bank Ltd. | 1694.66 |
Bajaj Finance Ltd | 1583.74 |
Grasim Industries Ltd. | 1556.62 |
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.