Suzlon Energy topped the volume chart on NSE. The wind turbine maker saw 20,02,86,879 shares changing hands, as the scrip drop 1.02 per cent to Rs 29.20 on the exchange.
State-run lender IOB topped the volume chart on NSE. The stock climbed 3.31 per cent to Rs 45.30, as 20,37,39,453 shares worth Rs 950 crore changed hands on the counter by 1 pm.
On the daily timeframe, GMM PFAUDLER was trading in a downward-sloping parallel channel. After gaining almost 10%, prices have given a breakout of the channel. We have shown the ADX indicator, which gives an indication if the stock is trending or in a trading range. The ADX of this stock is 39.43, indicating that the stock continues to trade with good momentum.
BOB shares: B&K Securities said the bank’s margin may remain soft in September quarter and would improve only in H2FY24 with term deposit re-pricing cycle gradually getting over.
Sterlite Technologies reported a profit of Rs 79 crore for the stock, up 7.9 times over Rs 10 crore in the year-ago quarter. But for Nuvama Institutional Equities, Sterlite Technologies Q4 results were lower-than-expected.