The Relative Strength Index of the stock stood at 44.77 on Friday.
The stock quoted a 52-week high price of Rs 269.7 and a 52-week low of Rs 74.5.
A total of 1,298 shares changed hands on the counter till 12:48PM (IST)
Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues to recover, although similar price jumps are unlikely, analysts and traders say.
A total of 21,476 shares changed hands on the counter till 11:31AM (IST)
The stock traded at a P/E multiple of 101.52, while the price-to-book value ratio stood at 38.24.
With concerns over rich valuations easing a bit, Street is fairly positive on 2022 returns, with some brokerages projecting a Sensex target as high as 72,000 and a corresponding Nifty target of 21,000.
In a statement on Thursday, PB Fintech said the present investments allow both the companies to strengthen their financial health and meet general operating expenses, while enhancing brand awareness, office presence and strategic initiatives.
Promoters held 43.51 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 34.97 per cent and 2.03 per cent, respectively.
The boards of IDFC and IDFC FHCL, at their respective meetings on Thursday, considered and noted the letter received from IDFC First Bank regarding the merger and decided to give “in principle†approval for the proposed merger, reports said.
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