Torrent Power shares rallied 5 percent to Rs 511, after downtrend from Rs 550 on March 17 till Rs 487 on March 27. The stock has formed robust bullish candlestick pattern on the daily scale with above average volumes. In a single day rally, it clawed back above 50/100/200-day EMAs.

After a long correction, eventually, the stock took support near 162 and bounced back sharply. On Thursday, it rallied over 10% and also formed a long bullish candle on the daily charts which is broadly positive.

Equity markets across Asia were also trading mixed after the US Federal Reserve hiked interest rates by 25 basis points (bps) in their latest committee meeting which was in line with market expectations.

Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10093.26 Crore) operating in NBFC sector.

FII net short positions in index futures have now climbed to 85 percent, surprising, as one would have expected some short covering in a rising market.

Motilal Oswal estimates the company's gold AUM to grow by around 3.5 percent QoQ in Q4 FY23, driven by improving demand from small-ticket size borrowers.

Promoters held 35.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 30.07 per cent, DIIs 11.57 per cent.

“The focus should be on portfolio diversification. The company is witnessing a strong growth outlook in the non-gold business. FY24 target includes 20% consolidated growth supported by non-gold,” BofA said.

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9936.67 Crore) operating in NBFC sector.

On the weekly Options front, the maximum Call OI is placed at 17800 and then towards 17200 strikes while the maximum Put OI is placed at 17000 and then towards 16900 strikes.

Flag Pattern Breakout is expected on the daily chart on Zensar Technologies. The stock price has witnessed healthy correction after sharp upswing. IT Sector has also reached oversold zone on short term charts.

On the weekly options front, the maximum Call OI is placed at 17,700 and then towards 18,000 strikes, while the maximum Put OI is placed at 17,600 and then towards 17,700 strikes.

RITES was also in action, rising 5.7 percent to Rs 371 and formed strong bullish candle on the daily timeframe with above average volumes. The stock held above all key moving averages since the breaking out of long downward sloping resistance trendline adjoining highs of November 4, 2022 and February 1, 2023.

Trading volume, too, was higher, as the stock made higher highs and higher lows for the sixth day running

On Friday, the consolidation range finally got broken on the lower side in Manappuram Finance. This not only confirmed a breakdown from multiple supports but also resulted in resuming its higher degree downtrend.

Prabhudas Lilladher is bullish on Manappuram Finance has recommended buy rating on the stock with a target price of Rs 144 in its research report dated February 05, 2023.

"We believe that the strength in gold prices will sustain in CY23 because of the expected deterioration in the broader macroeconomic indicators both in India as well as globally," it said in a report.

Morgan Stanley maintained its overweight stance on Maruti Suzuki with a target of Rs 10,483. The global investment bank believes that the share price will rise relative to the country index over the next 30 days.

Maintaining steady uptrend. The chart patternindicates the prevailing bias to continue.

Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10440.28 Crore) operating in NBFC sector.

Prabhudas Lilladher is bullish on Manappuram Finance has recommended buy rating on the stock with a target price of Rs 144 in its research report dated November 14, 2022.

Vedanta has fixed November 30 as the record date to determine shareholders eligibility for the dividend. So far in FY23, the company has declared a total dividend of Rs 51 per share, in two interim dividends of Rs 19.5 and Rs 31.5 per share. Earlier in FY22, the miner announced Rs 45 per share dividend. At the current price, this amounts to a dividend yield of 14.55%. Since 2001, the company has announced a total of 36 dividends, Trendlyne data showed.

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9907.05 Crore) operating in NBFC sector.

The company's consolidated assets under management (AUM) grew by 7.89 per cent to Rs 30,664.96 crore from Rs 28,421.63 crore a year ago, Manappuram Finance said in a release

The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.

The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.

Manappuram Finance Ltd. key Products/Revenue Segments include Interest, Other Operating Revenue, Fees & Commission Income for the year ending 31-Mar-2022.