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A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.
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LIC significantly rebalanced its portfolio, divesting from major private banks like HDFC Bank and ICICI Bank to aggressively invest in State Bank of India and Yes Bank. This strategic shift highlights a growing confidence in the PSU banking sector’s valuation and future prospects, even as foreign investors flock to private lenders.
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Anant Raj shares: The company posted strong Q2FY26 results with PAT up 30.8% YoY to ₹138 crore and revenue rising 23% to ₹631 crore. Operating performance improved sharply, as EBITDA jumped 49.7% YoY to ₹168.4 crore.
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Ola Electric shares: Ola Electric dismissed a South Korean media report alleging it acquired foreign battery technology improperly, calling it “misleading and baseless.” The company clarified it has no interest in the “dated” pouch cell technology and defended its own indigenous 4680 Bharat Cell, which uses advanced dry electrode cylindrical technology. Ola claimed the report stemmed from a rival’s attempt to undermine its innovations.
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Shipping Corporation of India share price: Shipping Corporation of India reported a 39% year-on-year drop in Q2 net profit to Rs 176 crore, with revenue slipping 8% to Rs 1,339 crore. The PSU declared a Rs 3 per share interim dividend for FY26 and fixed November 19 as the record date.
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