Shares of ICICI Prudential Life Insurance Company plummeted 6.74 per cent to hit a low of Rs 553.15. Analysts largely have price targets in the range of Rs 590-700 for this stock.
Tata Elxsi s shares dropped 5% to Rs 7,000 today as investors were disappointed by the company s Q4 results. The company reported a 4.5% sequential decline in net profit in its quarterly results announced yesterday. Q4 revenue stood at Rs 905.9 crore, down 0.9% QoQ, marking the first sequential revenue decline since Q1 of FY21.
HDFC Bank is trading above its 50-DMA level of Rs 1,440 and is giving a rectangle pattern breakout on the daily chart. With the support of Rs 1,400, PL recommended going long on the stock for an upside target of Rs 1,700-1,800.
The share price of Tata Elxsi fell almost 5 percent in intra-day deals on Wednesday after the IT firm reported disappointing results for the quarter ended December (Q3FY24).