PFC has gained over 240 percent in the last one year, while REC has gained over 300 percent. Meanwhile, IREDA has surged 187 percent in just the last six months.
HDFC shares: Motilal Oswal Securities, which has target of Rs 3,290 on the stock, said the merger was on track and that the effective date is likely to be around July.
HDFC Bank merged As per the current methodology, the weighting of the merged entity would be again reduced in the next quarterly index reviews if the foreign room would have come below 15 per cent.
Tata Power moved above its 20- and 50-day moving averages on the daily chart. The stock recently emerged above a sloping trendline on the daily time frame, adding to the bullish quotient.
HDFC Q4 results preview: Unlike the typical March quarter, said Motilal Oswal Securities, the momentum for housing finance companies (HFCs) may relatively muted this quarter.