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India’s auto sector is on a roll. While strong demand from buyers and new launches had boosted volumes, easing commodity prices enhanced margins for automakers in FY23. Better operating efficiency and price hikes have also augured well for them, experts say. Tata Motors and Mahindra & Mahindra were the top 2 automakers in terms of sales in FY23. Take a look at the other trends in Business Today magazine story ....
Share Market Highlights 18 July 2023: Sensex gains 200 pts, Nifty settles at 19,750; Infosys up 3.73% thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
HDFC Bank shares, which crossed the $100-billion market valuation on Monday, gained 2% to Rs 1,678.90 following its robust set of quarterly numbers. This is the first quarterly earnings of the merged entity of the bank and parent HDFC Ltd. ....
The company is majority public owned with 55.79% stake, while promoters own the remaining 39.41%. Among public shareholders, mutual funds have no stake, while foreign investors own a marginal 2.38%. ....
The Relative Strength Index (RSI) which measures a stock s price momentum, can help investors make informed decisions. ETMarkets has identified 10 stocks that are currently trading in an overbought zone as the RSI scales 0 to 100, values above 70 suggest overbought conditions. Some of the stocks with trending RSI included Suven Pharmaceuticals ....