Fed policy preview: What you should know as D-St braces for big rate hike
Analysts said that the Fed statement may acknowledge waning of the growth momentum, but the Fed Chair Jerome Powell may signal the central bank’s focus on inflation during the press conference. He may hint at additional rate increases, analysts feared.
Bajaj Auto Q1 Results: Profit rises 11% YoY to Rs 1,173 crore, beats estimates
Ebitda grew despite supply constraints, cost headwinds and weak macro-economic context. Judicious price increases, better foreign exchange realisation and a favourable mix offset the material cost inflation and enabled margin improvement, Bajaj Auto said.
ICICI Bank is getting fan mail from analysts. How should investors respond?
Among global brokerages, CLSA has a buy call with a target price of Rs 1,040 on ICICI Bank. Jefferies has set a target price of Rs 1,080. Morgan Stanley has an overweight rating with a target of Rs 1,040. These targets suggest an upside potential of up to 35 per cent of Monday’s closing price […]
Asian Paints, L&T, Bajaj Auto to post Q1 results today. Here’s what to expect
Margin is seen at 10.9 per cent as against 10.8 per cent in the year-ago quarter. Analysts are expecting healthy growth in the June quarter due to a large order book, weak base and healthy infra pipeline. Management guidance on order inflows, execution and tender pipeline will be key monitorables.
Stocks to buy today: 4 short-term trading ideas by expert
On the upside, some resistance can be seen at 16,800 levels while the near-term support is placed at 16,500, and then towards 16,400 levels, suggest experts. “Traders should look for stock-specific opportunities for the next couple of sessions and be vigilant on the market movement post the event,” Ruchit Jain, Lead Research, 5paisa.com, said.
Stock Radar: Up almost 100% in a year! Rally in this IT scrip is not over yet; time to buy?
The stock recently broke above the short-term moving average of 50-DMA last week and also from a Symmetrical triangle pattern breakout which is a bullish sign. Symmetrical triangles are formed when neither the bulls nor the bears have the upper hand in a directionless market and can be identified when the stock makes lower highs […]
UBS upgrades RIL to buy; JP Morgan initiates coverage on Sona BLW
Sona BLW is an auto component supplier of differential gears and trades at a premium valuation compared with global peers. “The greater premium leaves a low margin of safety for the stock with a downside risk,” it said.
Crypto Price Today: Polygon, Avalanche, Shiba Inu, Ethereum shed up to 9%
The global cryptocurrency market cap was trading lower at the $966.86 billion mark, dropping more than 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to 18 per cent to $75.16 billion.
Big Movers on D-St: What should investors do with Tech Mahindra and Reliance Industries?
Stocks that were in focus include Tech Mahindra which was down over 1 per cent ahead of its June quarter results while Reliance Industries fell more than 3 per cent post Q1 results.
Walmart ‘train wreck’ profit warning sends shares down 10%
Supply-chain snafus and miscalculations around demand have added to problems. In May, Walmart said it was sitting on over $60 billion of inventory at the end of the first quarter and promised “aggressive” price cuts on items such as apparel.