Market Bizzz

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Equity returns during general election years have been positive in nine out of 11 instances, with a median return of 17%, according to data compiled by ICICI Securities. In 2019, the Nifty gained approximately 14.3%, while in 2014, the index rallied 30%.

Anand James says: “Throughout the most part of 2022 as well as 2023, the sector had been going through a period of correction as well as consolidation, before starting the reversal moves late 2023. A pause in the last few days augurs well for the trend to breach the 2022’s peak on the Nifty IT index.”

Muthoot Microfin shares will likely get listed on the exchanges on December 26. Ahead of the listing, the company’s shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company’s shares are expected to list with a mild premium of 9% on the exchanges.

When stock markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact them. The underlying tone of the market remains positive. Major global markets will remain shut for trading on December 25, Monday on account of Christmas holiday.

The company has an EPS of 21.61 on a trailing twelve-month (TTM) basis and the stock is currently trading at a PB of 3. According to the latest shareholding pattern available with the exchanges, public investors own a majority of the stake at 56.72%, while the rest of 43.28% lies with promoters.