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Shares of Kotak Mahindra Bank fell despite posting a solid Q4FY26 performance, with net profit rising 13.3% YoY and NII up 8.1%. Asset quality improved, with both gross and net NPAs declining. Despite the positive results, the stock slipped, but Morgan Stanley remains bullish, maintaining an “Overweight” rating
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The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
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Value 360 Communications’ IPO opens Monday, aiming to raise Rs 41.69 crore. The strategic communications firm, with a price band of Rs 95-98, is expected to list on NSE SME with no immediate grey market premium. Proceeds will fund working capital, technology expansion, and debt repayment.
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Oil prices saw a slight dip on Monday. This comes as markets consider U.S. President Donald Trump’s initiative to free ships stuck in the Strait of Hormuz. Tensions between Tehran and Washington continue. The vital waterway remains largely blocked, impacting shipping. Traders are also watching OPEC+ output decisions. Experts suggest prices could rise if disruptions continue.
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Four stocks from the Nifty500 universe were flagged in the RSI Trending Up scan on April 30 after gaining over 2%. The indicator turned positive as RSI crossed above 50 from lower levels, signalling improving momentum, strengthening sentiment, and potential short-term buying opportunities in select stocks.
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