Shares of state-owned PFC and REC rose by 2% and 3% as UBS initiated coverage on them. UBS sees potential growth driven by financing renewable energy and infrastructure projects.
Since last Ganesh Chaturthi, 33 stocks delivered significant returns. Elitecon International led with substantial growth. Kothari Industrial Corporation and Colab Platforms also saw major surges.
Nifty slipped below 24,800 amid banking weakness, sparking concerns of further downside towards 24,600. While sentiment turned negative, FMCG and auto stocks like Maruti, HUL,
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