Shares of Federal Bank surged 5.5% to a new high after announcing the appointment of Krishnan Venkat Subramanian as the new MD & CEO. Brokerages view this positively, citing his strong banking background and experience.
In the Nifty500 pack, five stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness.
KEC International has secured new orders worth Rs 1,267 crore, boosting the company’s total year-to-date order intake to Rs 23,300 crore. The firm has won
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