On Tuesday, stocks 1953 advanced, 1861 declined and 93 remained unchanged, with an advance decline ratio of 1.05 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
The cost of funds may increase by 5-10 bps in the fourth quarter after the RBI increased the risk weight on bank loans to non-banking finance companies, Shriram Group executive vice chairman Umesh Revankar said.
Motilal Oswal is bullish on Larsen and Toubro Fin Holdings recommended buy rating on the stock with a target price of Rs 200 in its research report dated January 25, 2024.
BHEL stock price gained 3.33%, and open interest saw a rise of 3.03%. L&T Finance Holdings price surged 2.92%, and open interest saw an increase of 3.06%.