For the day, the index closed at 17,312.90, down 246 points or 1.4 per cent.
Domestic brokerage JM Financial, which initiated coverage on the stock with a Buy rating, values the stock at 4x Sep’24e P/BV to arrive at a target price of Rs 400. This signals an upside potential of up to 32 per cent.
The pharma major fell more than 5 per cent in a week which triggered the breakdown from a 50-point range where Rs 700 acted as a stiff resistance while levels of Rs 658-660 and above acted as strong support. The stock closed at Rs 652 on 26 August 2022.
On Monday, the market was seen factoring in Powell’s remarks that the Fed policy will “cause some pain to households and businesses” and this is “the unfortunate costs of reducing inflation”.
Unlike most other shareholders’ meetings in India Inc, the AGM of Reliance Industries has always been a much anticipated event as company chairman and managing director Mukesh Ambani chooses the venue to make big bang announcements on what RIL will do next to drive growth.Here’s a throwback to key announcements made by Reliance Industries in […]
Shares of Nelco have risen more than 45 per cent in the last one month. The counter has delivered a return of about 100 per cent in the last one year. The stock has zoomed about 375 per cent since April 1, 2021.
The highest new OI addition was seen at 17700 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16000 for Puts in monthly contracts.
This particular setup of the server gives a 10: 1 (Approx.) speed advantage in comparison to other brokers. Further, that till 2014 information was disseminated by exchange server to the brokers attached with co-location facility through ‘tick by tick’ (TBT) based system architecture.
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In Friday’s trading session, the counter has given a breakout of the triangle formation. The overall structure of the counter looks remunerative, as it trades above all its important SMA moving averages. The demand zone is near Rs 326.
“Powell made it clear that there is no dovish pivot as some market participants had expected,” Carol Kong, senior associate for currency strategy and international economics at Commonwealth Bank of Australia.