Stock trading on this day is an old symbolic ritual that the trading community has followed for more than half a century now.
The Relative Strength Index of the stock stood at 41.21 on Friday.
As of 30-Sep-2021, promoters held 50.05 per cent stake in the company, while FIIs held 13.59 per cent and domestic institutional investors had 8.4 per cent.
The healthy bottomline performance of the lender was thanks to a sharp decline in provisions. YES Bank’s provisions for bad loans declined 65 per cent year-on-year to Rs 377 crore.
The benefit of lower iron ore costs did not accrue to Indian steel companies because of the very high iron ore cost to the industry. While the global iron prices came down, they did not come down in India. Over and above that, the energy shortages also pushed up energy related commodity prices.
The stock traded at a P/E multiple of 58.74, while the price-to-book value ratio stood at 6.41.
Rakesh Jhunjhunwala owned 50,00,000 shares or 1.1 per cent stake in Indiabulls Real Estate as of September 30.
A total of 413,550 shares changed hands on the counter till 02:09PM (IST).
The stock traded at a P/E multiple of 38.88, while the price-to-book value ratio stood at 6.91.
ICICI Securities Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 25323.43 Crore) operating in Financial Services sector.
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