Vedant Fashions faces rating cuts after Q1 nos on punchy valuations

Punchy valuations drive our downgrade to sell, said Kotak Institutional Equities, which has a target of Rs 1,075 for the stock from Rs 1,000 earlier. This is even as the brokerage has raised its FY2023-25E EPS estimates by 5-10 per cent on account of strong momentum in wedding demand and higher margin forecasts.Edelweiss has downgraded […]

Tech View: Nifty ends flat but uptrend stays intact

“Despite overbought readings on the daily as well as some weekly oscillators, the price chart is not displaying meaningful weakness which may not materialise unless the index slips below 17,359 level. If the index sustains above 17,442, eventually the index can head towards 17,800 level. Short-side traders are advised to remain neutral whereas longside players […]

How Titan Company’s expansion plans may impact its margins

Titan Company Limited, an Indian listed entity, is primarily engaged in the manufacturing and selling of jewellery and has also penetrated into segments such as watches, eyewear, sarees, Indian wear and accessories & products. As of the end of Q1 FY23, it had 2,303 stores with a total retail area of more than 2.9 million […]

Six stocks analysts recommend to buy for solid near-term gains

As the earnings season for June 2022 quarter is nearing to its end, select sectors in India appear to be attractive. Brokerages believe that gas stocks are ready to deliver solid returns, whereas others were bullish on constructions, specialty chemicals and others. Based on their recommendations, here are six money-making ideas for investors.

Asian shares track Wall Street losses ahead of U.S. inflation data

The slips in Asian markets tracked Wall Street, which closed on Tuesday with all three major indices down. The S&P 500 fell 0.42%, the Dow Jones Industrial Average dropped 0.18%, and the Nasdaq Composite lost 1.19%. The dollar reversed losses overnight and was trading flat in Asia. The dollar index, which measures the safe-haven greenback […]