Defence is a multiyear theme! These 3 private sector companies are a good buy: Sandip Sabharwal
“Historically, we have seen that in PSUs, there will be growth, but there will be hiccups in between, and margins will not improve. I think whoever is playing a margin improvement story in PSU defence companies, you have to assume that margins might compress,” he said.
How to trade Nifty & Nifty Bank in new weekly series
Nifty’s coming week expiry option chain reflects on PE writers actively adding their positions all the way till 15,000 strikes – overall more than 30 thousand contracts each, with CE writers standing tall at 17,400/17,500 zones, with over 60 thousand contracts each.
Tech View: Nifty fails to close above 50-DMA. What investors should do on Friday
Now, the index has to hold above 17,300 for an up move towards 17,442 and 17,500 zones, whereas support can be seen at 17,167 and 17,071 zones. Options data suggests a broader trading range in between 16,800 to 17,700 zones, while an immediate trading range is between 17,000 to 17,500.
These footwear stocks sprint up to 130% in 3 months, do you own any?
Footwear stocks have seen a good run-up in the last three months. Bata India and Relaxo Footwears have witnessed a small gain but the other four footwear stocks’ prices have surged anywhere between 45 per cent and 135 per cent in the just past 3-month period. We excluded footwear companies’ market cap below Rs 500 […]
Tata Motors among seven money-making ideas for short-term
As bulls make a strong comeback on Dalal Street ahead of the busy festive season, select stocks have seen a strong rebound on a technical basis, signalling a sharp break-out. A host of market analysts believe that a number of stocks can deliver strong returns in the near term, if one goes by the charts. […]
HSBC initiates coverage on Kalyan; Macquarie sees 30% downside in Bajaj Finance
HSBC initiated buy coverage on Kalyan Jewellers with a target price of Rs 125. The global investment bank is of the view that expansion outside South India is key to unlocking value. Kalyan plans to aggressively build out its jewellery stores. Higher-margin markets outside its home base of South India.
D-Street gung-ho on Zee stock as CCI approves merger with Sony
We believe the parties may offer to shut channels but overall revenue impact could be minimal as these channels may be based on a push demand and not pull demand by customers, said Karan Taurani from Elara Capital. He maintained a positive stance on Zee.
Golden Crossovers: These 6 stocks signal further bullishness
In the NSE list of stocks with a market cap over Rs 1,000 crore, six stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ 50-day […]
SpiceJet jumps over 9% on report of likely Rs 1,000 cr govt loan
Airline executives said that the fund will be used to make lease payments to induct new Boeing 737 Max aircraft and clear outstanding statutory dues like the employee provident fund. “This will take care of the survivability question of the airline once and for all,” said an airline executive.
Trader’s Guide: These 2 IT largecaps have 6% upside potential, suggest tech charts
Indian markets, which would open after a gap of one day, are likely to open on a strong note following strong global markets. Among the sectors that have recently underperformed on relative terms, IT stocks are showing a good resumption of momentum on the upside.