Can this footwear stock deliver solid returns after 3x jump in Q1 sales?
Ambit Capital has a ‘sell’ rating on the stock, with a price target of Rs 1,312. HDFC Securities sees it at Rs 1,400. Edelweiss Wealth has ‘buy’ on the counter with a target of Rs 2,365. Dalal & Broacha Stock Broking said downside is limited and long-term investors should hold, as it finds the stock […]
Tech View: Nifty50 confirms failed breakout, bears in driving seat
“The long bear candle of the last two sessions signals a faster downside retracement of the last 5-6 sessions of upmove. This is a negative indication and signal that bears are in a driver’s seat,” he said.For the day, the index closed at 17,490.70, down 267.75 points or 1.51 per cent.
Nifty to cross 20,000-mark by next June: Prabhudas Lilladher
“We remain positive on India’s growth story given strong tailwinds and expect steady returns with a stock-specific approach,” Prabhudas analysts Amnish Aggarwal and Anushka Chhajed said, adding that the June quarter saw sales beat of 0.6 per cent, while EBITDA and PBT were lower than estimates by 6.5 per cent and 9.7 per cent, respectively.
Deja-vu for IPO investors? After Zomato, CarTrade stock falls after mandatory lock-in ends
However, the stock failed to touch even its issue price since listing and had plunged more than 70 per cent to record lows of Rs 462.10 in February this year. The stock has risen close to 30 per cent since those levels.
Indian rupee at fair value despite balance of payment problems: JPMorgan analyst
India’s foreign exchange reserves have declined to $570.7 billion from a record high of about $642 billion in September 2021 as the RBI has stepped in to bolster the rupee. Still, the local currency is down 7.5% in 2022, and on track for its worst annual performance in four years.
TechM, TVS Motor among 7 stocks that can offer solid returns in near-term
Volatility is back on Dalal Street as inflation worries and economic growth concerns continue to haunt the traders. However, market analysts see opportunities to make a quick buck on both sides in select stocks. Here are three sell and four buy calls recommended by them that can deliver strong returns in the near term:
Chart Check: This Damani stock is ready for rebound after 9-10 dull months; should you buy?
After a strong July when the stock rose more than 24 per cent in July, and over 3 per cent so far in August suggests that the upward journey for the stock has started which could stretch it for the next couple of months.
Paytm rises 4% after shareholders reappoints Vijay Shekhar Sharma
While shareholders approved the remuneration of Sharma as well as that of Paytm President and group chief financial officer Madhur Deora but the support was not similar to the level seen for their re-appointment.
Nomura initiates coverage on Zomato; target suggests 19% downside for stock
“Zomato’s target of reaching a double-digit contribution margin in the long term hinges on a rise in commissions from restaurants (we expect it to rise from 15 per cent in FY22 to nearly 17.5 per cent in FY31F) and charging higher customer delivery fees (we believe this would be difficult, and expect it to remain […]
Buy, Sell or Hold: 10 short-term trading ideas by experts for 22 August
“Traders will stare at the prospects of 17000 again, for the August expiry, but will fancy slim chances of recovery, should Monday volatility fail to penetrate 17600 and manage to pull back above 17720 which meets the internal trendline. Inability to do so will call for 17300 initially,” he added.