Unichem Labs erases early gains from Ipca deal as profit-booking kicks in
Ipca Laboratories picked 33.38% stake in Unichem Labs after CCI approval.
Source: moneycontrol.com
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BEML, Cipla among 10 overbought stocks with RSI above 70
On August 2, Wednesday, data sourced from StockEdge revealed that over 54 stocks were trading in an overbought zone. ETMarkets has identified 10 stocks from this group that investors should keep a close eye on for potential trend reversals.
Source: indiatimes.com
Unichem Lab soar over 1% after block deal announcement
Ipca Labs had informed the exchanges last week of receiving a go ahead from the Competition Commission of India for acquiring a majority stake in Unichem Labs.
Source: moneycontrol.com
Indices: Stock market update: Nifty Pharma index falls 0.39%
The Nifty Pharma index closed 0.39 per cent down at 14943.4.
Source: indiatimes.com
NTPC, Ipca Lab among 10 overbought stocks with RSI above 70
On August 1, StockEdge data identified over 100 stocks trading in the overbought zone. From this pack, ETMarkets has handpicked 10 stocks that are exhibiting high RSI values. In this article, we will explore the significance of RSI, analyze the selected overbought stocks, and shed light on how investors can navigate this situation to make informed decisions.
Source: indiatimes.com