“Federal Bank, post its quarterly results, has broken out of its resistance zone placed at Rs 130 levels. It can be observed from the quarterly charts that the stock in the last quarter gave the highest quarterly closing in the past 5 years and is a clear outperformer in the banking space,” Sujit Deodhar, Head – Technical Analyst, Wellworth Share & Stock Broking, said.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj