Page 58 - Rec News Today

The European Molecular Biological Laboratory (EMBL) is carrying out a pan-European census of coastal ecosystems in the TREC expedition

REC, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 62407.41 Crore) operating in Term Lending Institutions sector.

"We saw PSU banks doing very well. Some momentum has continued. Secondly, defence PSUs or defence as a sector has come into its own and a different story is building up in each of the segments. They have done well and may continue to do well going forward as a whole also."

" In the case of ICICI and Axis, the big run-up has happened. They are trading at their historical price to book multiples. If it continues to do that, you will make that 20-25% return over the next one year or so in each of ICICI and Axis Bank. If you look at the midcap banks, if you look at the NBFCs, they have all derated in the past and now with the valuations catching up, that is where the interest is more right now."

Analysts have raised the price targets of some of the stocks since the beginning of August. These include REC, Zee Entertainment, Radico Khaitan, Sundram Fasteners, Welspun Corp, NCC, and Eris Lifesciences, among others, where consensus price targets have been raised by 10% to 25% earlier this month.

The value of FII holding in stocks that are part of the BSE Midcap index increased by a sharp Rs 1.8 lakh crore sequentially in the quarter ended June, data analysed by ETMarkets showed.

The surge of large and mid-cap stocks to new all-time highs on August 30 paints a vivid picture of the ever-evolving stock market.

In this article we delve into the significance of RSI and explore the intriguing case of 10 overbought stocks that caught the attention of ETMarkets. This article guides potential investors on how to interpret RSI and make informed decisions based on it.

August 30, 2023, was a significant day for midcap stocks, as they achieved new 52-week highs, reflecting their growth potential and positive market sentiment.

The surge of Nifty 200 Index stocks to new 52-week highs on August 25 paints a vivid picture of the ever-evolving stock market.