Multibagger stock: ABB India share price in the last one month has slumped 14%. According to technical analysts, the ABB India share price has entered a short-term corrective phase in the last few days. The immediate support is placed around ₹7,500–7,459, which will be a crucial level to watch for […]
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Piramal Enterprises: The company announced its decision to merge with its unlisted subsidiary Piramal Capital & Housing Finance, thus avoiding a mandatory public share sale by the unlisted arm. The merger is expected to be completed in nine to 12 months. Bank of Baroda: The RBI lifted restrictions on Bank […]
A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its […]