Ipca Lab News Today

Ipca Labs share price has been falling after disappointing quarterly results. Brokerage firms are divided, with some optimistic about margin improvement and new launches, while others urge caution due to the stocks recent high valuation.

The Sensex and Nifty also hit fresh all-time highs of 74,501.73 and 22,619 early in the day but pared some of the gains as the session progressed

At the close, the Sensex ended 350.81 points, or 0.47% higher at 74,227.63 while the Nifty 80 points or 0.36% at 22,514.70.

In Thursdays trading session, five stocks witnessed a build of fresh long positions.

For the March F&O series and for a month, the Nifty50 index gained 1.6 percent, while in the FY24 the index surged by 28.6 percent

Top losers on the Nifty included HUL, M&M, TCS, IndusInd Bank and HCL Technologies, while gainers were Coal India, Adani Ports, Adani Enterprises, Kotak Mahindra Bank and ICICI Bank. The market will be closed on January 22

India VIX was up by 10.68% from 10.30 to 11.40 levels on Monday. Volatility spiked above 11.6 zones and gave room to the bears at make-or-break index levels.

The RSI is a momentum oscillator that ranges from 0 to 100 and is used to assess the strength and direction of a stocks price movements. An RSI value above 70 indicates that a stock is in an overbought zone and may be ripe for a price correction, while an RSI below 30 signifies an oversold condition and the potential for a rebound.

The share touched a 52-week high of Rs 1,033.50 and a 52-week low of Rs 670 on 05 August, 2022 and 22 May, 2023, respectively.

Equitas Small Finance Bank, Birla Corporation, and Sanofi India were the top new small-cap picks by Indian mutual funds and portfolio management scheme (PMS) managers in May. Equitas SFB was selected by 9 mutual funds, 10 PMS, 13 unit-linked insurance plans, and one alternative investment fund. Other small-cap picks included Indiamart Intermesh, Affle India, VIP Industries, Birlasoft, Can Fin Homes, PVR, Inox, and Exide Industries. Meanwhile, managers sold off shares of Zee Entertainment Enterpr...