Tech View: Nifty50 takes out swing high, faces resistance ahead

“The index is likely to witness selling pressure near 17,815-17,900. However, the overall structure suggests that a sharp decline in the short term is unlikely. What we can expect is a short-term consolidation in the broad range of 17,200-18,000,” Ratnaparkhi said.

Piramal Enterprises trades ex-demerger; NBFC business lists at Rs 1,050

Piramal Enterprises secured the approval of the National Company Law Tribunal (NCLT) for the demerger of its pharmaceutical business and the simplification of its corporate structure, the company said in a regulatory filing. The record date for the demerger of the pharma business from the finance business has been set as September 1 and stock […]

This PSU stock quietly jumps over 40% in a month. Should you join the bandwagon?

As the premier shipbuilding yard in India, Mazagon Dock (MDL) manufactures warships and submarines. The PSU has also embarked on a diversification drive by reviving its ship repairs & maintenance unit besides venturing into the business of shipping container manufacturing and has already bagged two orders from CONCOR.

Hot Stocks: Global brokerages on RIL, Eicher Motors and Cholamandalam Investment

JPMorgan initiated coverage on Cholamandalam Investment with an underweight rating and a target price of Rs 600. The stock closed at Rs 786 on 29 August. The global investment bank expects earnings to disappoint over FY23/24. There is competition from banks that can drive margin compression, said the note. It believes that markets have ascribed […]

Big Movers on D-St: What should investors do with HCL Tech, Mphasis and Hero MotoCorp?

Stocks which were in focus include HCL Technologies, which fell nearly 3 per cent while Mphasis hit a 52-week low, and Hero MotoCorp which closed flat but with a positive bias. Here’s what Jatin Gohil, Technical & Derivative Research Analyst at Reliance Securities, recommends investors should do with these stocks when the market resumes trading […]

These stocks are expected to return between 11% and 26%

The brokerage has raised its price target on the stock to Rs 290 from Rs 275, while maintaining a buy rating, citing strong coal demand in 2022 and 2023. Coal India, which has a dividend yield of 7.2%, is its top stock pick in the metals and mining sector.