In the past three months, the stock of this healthcare company has surged 15 percent as against flat move in the benchmark Sensex

On November 7, Tuesday, StockEdge revealed over 60 stocks with their RSI trending up. ETMarkets narrows the spotlight to 5 of these stocks, explaining the significance of RSI and why it's a valuable tool for investors.

Sectorally, buying was seen in IT and FMCG stocks while metal, public sector, realty, and power stocks saw some selling pressure

In a day marked by remarkable market activity, several small-cap stocks achieved unprecedented milestones by reaching new all-time highs on October 4.

The next hurdle for the Nifty is the 20,164 levels. If the index can break this levels, it could move up to 20,300 and 20,500 levels.

Fund managers hiked exposure in KIMS, Affle India, KEI Industries, Westlife Foodworld, Birlasoft, CIE Automotive India, MCX, Narayana Hrudayalaya, Cholamandalam Financial Holdings and Home First Finance, shows data pulled from the records of Finalyca by PMS Bazaar.

Prabhudas Lilladher is bullish on Narayana Hrudayalaya has recommended buy rating on the stock with a target price of Rs 1110 in its research report dated August 08, 2023.

Narayana Hrudayalaya clocked in its highest ever quarterly revenue in April-June.

Relative Strength Index (RSI) is a momentum oscillator that helps traders and investors gauge the momentum and strength of a stock's price movement. RSI is calculated using a formula that takes into account the average gains and losses over a specified period.

Capital Mind's Deepak Shenoy believes that Narayana Healthcare should be valued at a much higher price when the Cayman Islands capex comes through and as expansion within India takes place. He stated that the cost differences between Cayman Islands and the US can lead to low-cost medical tourism which in turn will give Narayana Healthcare higher valuations.Furthermore, Shenoy owns stocks in Kotak Mahindra Bank and believes that the decision on selecting a new CEO could come from either internal or external candidates, and regardless of whoever is chosen, the bank itself will continue to thrive.

Several corporate actions are scheduled for this week. Companies like Adani Enterprises, Mphasis, Biocon, Ashok Leyland, and Axis Bank will trade ex-dividend, while Kansai Nerolac Paints and Aptech will trade ex-bonus. The ex-dividend date is when the share price is adjusted for dividend payouts. Various companies such as ACC, Ambuja Cement, and Bharat Forge will also trade ex-dividend later in the week. Additionally, several companies have fixed dates for their right issues or ex-bonus trading.

Indian equities, including the Nifty50 and Sensex, experienced gains for the fourth consecutive month in June. While the benchmark indices returned nearly 3% for the month, the midcap and smallcap segments were the top performers, with about 400 stocks delivering double-digit returns. Sectors such as automobiles, healthcare, and information technology saw strong buying interest, and experts recommend long-term investors to continue accumulating quality stocks while being cautious of profit booking. The upcoming Q1-FY24 results are expected to provide further fuel to the market rally.

The index is likely to consolidate in the monthly F&O expiry week, and if the index takes support and rebounds, then 18,700-18,900 could be the resistance area, whereas 18,500-18,450 could be the next crucial support in case of correction in coming sessions

Narayana’s Return on Capital Employed (ROCE) has outperformed its peers. However this is due to the company’s operations in Cayman Islands.

The brokerage house has reduced its weight in certain consumer sectors and trimmed positions in banking stocks