Don’t let freebies be a crutch
The debate on freebie politics has to be a debate on how policies that foster the ‘spirit of enterprise’ are morally and ethically – not to mention, economically – superior to the politics that breed a ‘culture of entitlement’.
All-time high after rallying 35% in a month, can this Tata Group stock rise more
The Tata group company reported an 86.25 per cent increase in consolidated net profit at Rs 637 crore for the June quarter. This is on a 34.15 per cent rise in revenue from operations at Rs 3,995 crore. The basic chemical segment logged a 41 per cent YoY growth while speciality products saw 17 per […]
Tech View: Nifty50’s indecisive candle on weekly chart a cause for concern
“At this point, the only solace for bulls is the fact that some buying emerged as the index entered into the bullish gap area present between 17,764 and 17,724 levels, registered on August 14, which was defended at least on a closing basis. Therefore, if the bulls fail to defend 17,710 levels in the ensuing […]
Did Nifty companies pass Q1 test with flying colours? Here’s the Street view
ICICI Securities said Nifty EPS in the June quarter came in at Rs 177 per share, down 14 per cent QoQ. “Major disappointment came in from the oil & gas sector wherein marketing margins came in lower than estimated. However, capital goods, metals and mining and pharma space surprised on the positive side.
Paytm’s Vijay Shekhar Sharma faces biggest test since IPO dud
Vijay Shekhar Sharma’s role as the chief executive officer is among the items to be voted on at the company’s annual general meeting held virtually this afternoon. A proxy advisory firm last week recommended that shareholders replace the founder as CEO, citing concerns about his ability to reverse losses at the payments provider.
Zomato zooms 70% in less than a month. Is it a momentum trap?
Back in July-end, all knives were out against the loss-making food-tech company. Valuation Guru Aswath Damodaran went ahead to reduce his fair value target on Zomato from Rs Rs 41 per share to Rs 35.32.
Chart Check: After record high in August, this structural steel maker could see further 50% upside in 6 months
The stock with a market capitalisation of more than Rs 26,000 crore hit a record high of Rs 1,146 on August 16, 2022, on the BSE. The stock has rallied more than 20 per cent in a month which helped it to climb above 50 and 200-DMA on daily charts.
Crypto Price Today: Bitcoin breaches $23,000; Dogecoin and Shiba Inu drop up to 12%
Bitcoins slipped below the $23,000 mark amid the anticipation of further rate hikes. Even for Ethereum, the merge excitement got done and dusted. Experts see a range-bound movement in the days ahead.
Big Movers on D-St: What should investors do with Adani Power, TVS Motor and Reliance Infrastructure?
The stock has rallied over 50 per cent so far in this quarter. Last Thursday, the stock hit a fresh all-time high of Rs 399.45. On the daily and intraday charts, the stock has formed a higher bottom series pattern which indicates a continuation of the uptrend in the near future.
FIs raise wagers on auto stocks amid improving volume visibility
The auto sector has caught the fancy of investors over the past few months thanks to strong volume visibility for passenger vehicles, a spate of new launches, and value unlocking from monetization of the electric vehicle (EV) subsidiaries.