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Trent (Zudio parent) is set to consider its first-ever bonus issue today, making it a key trigger for its nearly 5 lakh shareholders.
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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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Morgan Stanley has maintained an Overweight rating on PNB Housing Finance with a target price of ₹1,160, implying a potential upside of around 28% from the current market price of ₹905.
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Crude oil prices saw little movement as President Trump extended a ceasefire with Iran, though Iran described the continued blocking of ships as an act of war. Shipping activity through the Strait of Hormuz remains stalled, with analysts expecting prices to remain supported and potentially spike if disruptions persist.
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