Tech View: Bullish engulfing candle on monthly chart reflects improved sentiment
The index formed a bullish candle on the daily scale. On the weekly scale, it formed a solid bullish candle, with a long lower wick, suggesting buying at low.
HDFC, Cipla, Sun Pharma to report Q1 results today. Here’s what to expect
Out of the 27 Nifty50 companies that have reported their quarterly numbers so far, 12 have reported results that beat Street expectations, seven fell short of meeting investor expectations. Two companies reported in-line results while the rest six came out with a mixed set of numbers.
US enters ‘technical recession’. But why is Dalal Street rallying?
The US economy entering a ‘technical recession’ is not good news for India and the world. But analysts said one should not see too much into the GDP print, as other data points in the world’s largest consumer economy still suggest resilience. If anything, the GDP print could persuade the Fed to go slow on […]
Dr Reddy’s Labs net profit doubles in Q1: What should investors do?
Share of the pharma major fell about 4 per cent in the first one hour of the trade on Friday. Experts see concerns over the US business, as well as, pressure on operating performance as key drags. Despite near-term headwinds, most brokerage firms maintained their rating and target prices but slashed earnings per share (EPS) […]
Stock Radar: This banking stock on verge of breakout above ascending triangle pattern; time to buy?
The private sector lender fell nearly 4 per cent so far in 2022 compared with over 6 per cent rise seen in the S&P BSE Bankex in the same period. However, the stock rose over 3 per cent in a week and nearly 5 per cent in a month.
Stocks to buy today: 10 short-term trading ideas by experts for 29 July
Sectorally, the rally was seen in metals, realty, auto, capital goods, and power stocks while some selling was visible in the healthcare space. Top Results today: HDFC, NTPC, Sun Pharma, Cipla, Indian Oil Corporation, Ashok Leyland, DLF, Emami, Exide Industries, Nazara Technologies, Piramal Enterprises etc. among others.
Pepperfry rejigs structure for IPO
The partners are also shaping the company’s board composition, roping in independent directors, to meet local capital market laws. Rules require the board to be made up of 33% independent directors, if its chairman is an independent director.
Nestle leans on pricing for Q2 boost; pet foray holds promise
The overall growth has been pricing-led with material cost inflation eating into the company’s profitability. There has been a 24% jump in raw material costs and a 20% increase in other expenses over the same quarter a year earlier. The management, in the company’s earnings call, mentioned 2022 inflation being five times the past trend.
Payment aggregators can apply again to RBI
“Keeping in view the disruption caused by the COVID-19 pandemic, and to ensure smooth functioning of the payments ecosystem, it has since been decided to allow another window to all such PAs (existing as on March 17, 2020) to apply to RBI,” the regulator said in a notification on Thursday.
RBI sticks to October 1 deadline for card tokenisation
“On a review of the issues involved and after detailed discussions with all stakeholders, as also keeping in view that sufficient time has elapsed since the requirements were specified, there shall be no change in the effective date of implementation of the requirements – all entities, except card issuers and card networks, shall purge the […]