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PNB

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YESBANK

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AXISBANK

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BANKBARODA

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SBIN

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HDFCBANK

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Trending Now

Titan : Titan shares hit record high as brokerages upbeat about firm's lab grown diamond foray.

Nazara Technologies : Nazara shares rally 6.7% despite SBI MF selling 2.4% stake.

Corona Remedies : Newly listed Corona Remedies announces major capex at its Bhayla manufacturing site in Gujarat.

Get daily predictions and stock updates

Price Movers	Change (Price & %)	Price
RELIANCE	8.3 (0.54%)	₹1545.34
JSWSTEEL	44.2 (3.98%)	₹1154.75
TATASTEEL	3.79 (2.16%)	₹179.25
AXISBANK	10.2 (0.82%)	₹1254.1
ICICIBANK	3.2 (0.24%)	₹1336.53
BEL	6.15 (1.56%)	₹400.38
KOTAKBANK	11.1 (0.52%)	₹2145.72
TITAN	33.9 (0.85%)	₹4022.14
HINDUNILVR	15.1 (0.66%)	₹2302.98
LT	10.8 (0.27%)	₹4010.8
ITC	1.0 (0.25%)	₹401.0
POWERGRID	2.0 (0.77%)	₹261.74
TRENT	38.4 (0.91%)	₹4258.18
HCLTECH	8.1 (0.5%)	₹1628.1
NTPC	1.7 (0.52%)	₹328.62
ONGC	2.07 (0.88%)	₹237.3
COALINDIA	2.95 (0.74%)	₹401.6
ADANIPORTS	9.5 (0.65%)	₹1471.04
SBIN	1.55 (0.16%)	₹970.3
JIOFIN	1.85 (0.63%)	₹295.5
SHRIRAMFIN	4.25 (0.43%)	₹992.62
BAJAJ-AUTO	53.0 (0.57%)	₹9351.25
GRASIM	14.1 (0.5%)	₹2834.1
HDFCLIFE	3.6 (0.48%)	₹753.6
ADANIENT	12.9 (0.58%)	₹2237.04
SUNPHARMA	3.2 (0.19%)	₹1687.41
MAXHEALTH	3.5 (0.34%)	₹1032.91
MARUTI	13.0 (0.08%)	₹16263.0
CIPLA	2.4 (0.16%)	₹1502.4
INFY	0.2 (0.01%)	₹2000.2
TMPV	0.2 (0.06%)	₹333.53
SBILIFE	0.8 (0.04%)	₹2000.8
DRREDDY	0.6 (0.05%)	₹1200.6
ASIANPAINT	0.4 (0.01%)	₹4000.4
HDFCBANK	0.0 (0.0%)	₹N/A
NESTLEIND	-0.7 (-0.05%)	₹1399.3
ULTRACEMCO	-5.0 (-0.04%)	₹12495.0
INDIGO	-3.0 (-0.06%)	₹4997.0
APOLLOHOSP	-7.0 (-0.1%)	₹6993.0
TECHM	-1.3 (-0.08%)	₹1623.7
WIPRO	-0.38 (-0.14%)	₹271.05
EICHERMOT	-8.5 (-0.12%)	₹7074.83
TATACONSUM	-3.0 (-0.25%)	₹1197.0
BAJAJFINSV	-7.6 (-0.38%)	₹1992.4
ETERNAL	-0.65 (-0.23%)	₹281.96
HINDALCO	-3.55 (-0.4%)	₹883.95
BAJFINANCE	-2.0 (-0.2%)	₹998.0
BHARTIARTL	-3.7 (-0.18%)	₹2051.86
TCS	-12.1 (-0.37%)	₹3258.17
M&M	-14.3 (-0.39%)	₹3652.37
DUMMYHDLVR	0.0 (0.0%)	₹N/A

Intraday Momentum Scanner: Stocks Breaking Out Right Now

Stock	Current Price	Breakout Level	Volume	Momentum Indicator
Larsen & Toubro	₹4069.5	4140	2,245	Neutral
Mahindra & Mahindra	₹3652	3795	8,866	Neutral
Axis Bank	₹1253.2	1304	13,872	Neutral
Bajaj Finserv	₹2046.1	2195	3,302	Neutral
JSW Steel	₹1135.6	1223.9	2,41,620	Neutral
Adani Power	₹143.25	182.7	1,10,712	Neutral
Bajaj Auto	₹9347.5	9490	3,263	Neutral
Adani Enterprises	₹2229.5	2612.78	3,566	Neutral
Tata Steel	₹179.72	186.94	20,35,962	Neutral
Hindalco Industries	₹885.8	888.3	60,536	Neutral

P/E Ratio

The Price-to-Earnings (P/E) Ratio is a key financial metric used to evaluate a company's valuation.It is calculated by dividing the current share price by the earnings per share (EPS).

A high P/E ratio may indicate that a stock is overvalued or that investors are expecting high growth rates in the future, while a low P/E ratio might suggest that the stock is undervalued or that the company is experiencing difficulties.

Investors often use the P/E ratio to compare companies within the same industry or to assess market trends over time.

Relation to Current Market Conditions:

As of now, the P/E ratios of many tech stocks have come under scrutiny due to rising interest rates and inflation concerns.Investors are increasingly cautious, as high P/E ratios may not be sustainable in a tightening monetary environment.

Recent market volatility has led to a reevaluation of growth stocks, with many analysts suggesting that a more conservative approach to valuation is warranted