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CANBK

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BANKBARODA

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PNB

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AXISBANK

₹1,246.00

(1.14%)

FEDERALBNK

₹265.85

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SBIN

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AUBANK

₹993.10

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HDFCBANK

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ICICIBANK

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INDUSINDBK

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Top Losers

IDFCFIRSTB

₹84.50

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KOTAKBANK

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(-0.16%)

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

Volume Shockers	Volume Change	Volume
Shiv Aum Steels Limited	-	₹40,030
Systematix Corporate Services Limited	-8.58	₹1,72,92,691
Orient Technologies Limited	19.99	₹2,82,07,687
AXIS MUTUAL FUND - Axis NIFTY 50 ETF	0.41	₹12,26,907
DSP Mutual Fund - DSP Nifty 50 ETF	0.34	₹12,55,675
DSP Mutual Fund - DSP Nifty Bank ETF	0.43	₹7,23,671
Indo Count Industries Limited	13.16	₹1,19,89,697
KPI Green Energy Limited	17.82	₹3,57,55,654
Honasa Consumer Limited	4.40	₹2,23,76,752
Mirae Asset Mutual Fund - Mirae Asset Nifty Financial Services ETF	0.35	₹1,24,81,676
SBI-ETF Nifty Bank	0.72	₹6,17,883
ICICI Prudential Mutual Fund - ICICI Pru Nifty Fin Ser Ex-Bank ETF	-0.19	₹1,10,99,647
Kotak Nifty PSU Bank ETF	2.11	₹4,49,057
ICICI Prudential Mutual Fund - ICICI Pru Nifty 200 Momentum 30 ETF	0.73	₹1,69,68,954
Aditya Birla Sun Life Nifty Next 50 ETF	0.13	₹1,58,579
Motilal Oswal Mutual Fund - Motilal Oswal 5 Year G Sec ETF - Growth	0.29	₹1,81,712
Excelsoft Technologies Limited	9.21	₹3,18,92,801
Aspinwall and Company Limited	-5.89	₹14,651
Bannari Amman Sugars Limited	-0.02	₹2,716
Laxmi Dental Limited	2.35	₹9,33,405
NRB Industrial Bearings Limited	19.98	₹2,42,185
TVS Holdings Limited	-1.96	₹43,915
Godrej Industries Limited	-2.26	₹4,35,783
Caplin Point Laboratories Limited	-5.10	₹5,97,715
GlaxoSmithKline Pharmaceuticals Limited	-2.32	₹5,17,477

Intraday Momentum Scanner: Stocks Breaking Out Right Now

Stock	Current Price	Breakout Level	Volume	Momentum Indicator
Mahindra & Mahindra	₹3661.5	3795	16,92,033	Neutral
Axis Bank	₹1246.6	1304	48,63,791	Neutral
Adani Power	₹145.06	182.7	1,34,80,647	Neutral
JSW Steel	₹1112.1	1223.9	13,45,071	Neutral
Bajaj Auto	₹9286	9490	4,06,642	Neutral
Indian Oil Corporation	₹161.63	174.5	68,95,578	Neutral
Tata Steel	₹175.94	186.94	3,06,91,847	Neutral
Hindalco Industries	₹884.25	887.45	1,11,36,119	Neutral
Grasim Industries	₹2843	2977.8	5,65,407	Neutral
Shriram Finance	₹980.4	983.7	1,41,82,781	Bullish

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