Tech View: Nifty50 forms bullish candle, can test recent high
“This indicates the possible completion of a recent downward correction in the market. The positive sequence of higher tops and bottoms is intact, and Wednesday’s low of 16,438 could now be considered as a new higher bottom of the sequence. Now, one may expect the Nifty50 to move up and challenge the recent higher top […]
After Jefferies, Credit Suisse expects 100% rally on Zomato! Should you buy this dip?
Credit Suisse has maintained its ‘outperform’ rating on the stock, with a target of Rs 90. The brokerage said Zomato is on a clear road to profitability growth. It said that existing core customers would drive the food business. CS said in a duopolistic industry, the core user base will drive margins.
This Dolly Khanna stock is down 24% in 4 days but analysts see up to 80% upside
The scrip on Wednesday traded at Rs 533.65, up 0.88 per cent, but only after falling 24 per cent in the previous four sessions. Brokerage Prabhudas Lilladher said healthy revenue growth was offset by adverse margins.Seasoned investor Dolly Khanna owned 1,081,526 shares or 1.2 per cent stake in this company as of June 30.
Antithesis of simple! Howard Marks decodes the path to superior investment results
Marks said unconventional behavior is the only road to superior investment results, but it is not for everyone. In addition to superior skill, successful investing requires the ability to look wrong for a while and survive some mistakes.
Stocks to buy today: 6 short-term trading ideas by experts
Sectorally, buying was seen in capital goods, realty, public sector, healthcare and oil & gas stocks while selling was seen in consumer durables and telecom stocks.
Big Movers on D-St: What should investors do with Vinati Organics, Zomato and Tanla Platforms?
Stocks that were in focus include Vinati Organics which rose over 3 per cent to hit a fresh 52-week high, Zomato plunged more than 12 per cent to another life low and Tanla Platforms was locked in the lower circuit of 20 per cent.
Rich valuations may limit Persistent’s upside despite strong growth
Persistent’s revenue grew by 11.1% sequentially to $ 241.5 million in June quarter. The acquisition of US-based companies, including Data Glove in February and MediaAgility in May, contributed over half of the topline growth.
Everything you need to know about Systematic Transfer Plan
STP is a method to stagger money typically from a liquid fund to an equity fund over a period of time. An investor with cash wanting to make a lump sum investment but worried about near-term corrections uses this method. The twin advantage is that you make returns from the liquid fund and simultaneously […]
US stocks drop as Walmart profit warning spooks investors
The Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.
Surging call rates point to rise in short-term borrowing costs
The RBI Tuesday conducted a three-day variable rate repo auction for Rs 50,000 crore, a move which infused short-term liquidity into the banking system for which banks are charged a rate of 5.14 percent.