“A technical correction in the form of profit booking followed and after the Covid event, the stock made a low of Rs 33.70 in March 20. Value buying followed and the stock gave a V-shaped recovery up move and made a high of Rs 153.40 in November 2021 but failed to cross its all-time high,” Bharat Gala, President – Technical Research, Ventura Securities, said.
Positive macro already priced in, market needs fresh earnings trigger: Sanjeev Prasad
Kotak Institutional Equities’ Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from
June 4, 2025