Tracxn Technologies IPO kicks off: Here’s what brokerages have to say
The Bengaluru-based Tracxn Technologies is selling its shares in the range of Rs 75-80 apiece and the issue is entirely an offer for sale (OFS) of up to 38,672,208 equity shares by the promoters and existing shareholders of the company. Founded in 2013, Tracxn Technologies has an asset-light business model. The company said it has […]
RBI sells dollars as rupee hits record low on U.S. rate hike woes
The rupee hit a record low of 82.6825, before easing to last trade at 82.38. It is now only marginally lower from 82.32 in the previous session. The rupee went from less than 82.60 to above 82.40 in the space of less than ten minutes.
Trader’s Guide: These 2 stocks can rise up to 11% in near-term, say analysts
The attempt to break out is supported by multiple technical signals. RSI has formed a new 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The MACD has shown a bullish crossover. It now trades above the signal line. The MACD, and its crossover, happening above the […]
Big Movers on D-Street: What should investors do with Tejas Networks, Mazagon Dock and TCS?
The counter is witnessing a breakout from a long consolidation and a triangle pattern formation on the daily timeframe. The overall structure is remunerative as it trades above its all-important moving averages.
Stocks in the news: TCS, HCL Tech, HDFC, Tata Motors, HUL and Ambuja Cements
Tata Group’s IT major Tata Consultancy Services, will officially kick-off earning season of India Inc. It will announce its results for the quarter ended September 30, 2022.
Rupee faces more headwinds this week
Dealers said that the markets would be watching for minutes of the Federal Reserve Open Markets Committee Meeting on which will be released on Wednesday. The US government will also release data on consumer prices on Wednesday.
TCS growth to stay strong in Q2; a firm dollar will help
In rupee terms, revenue is likely to grow at a higher rate of 4.7% to ₹55,221.9 crore helped by a 3.2% average depreciation in the rupee during the quarter. Net profit is expected to grow by 10.7% sequentially to ₹10,490 crore after falling by 4.5% in the previous quarter.
Bharat Forge in for more parts orders from N America, and a boost for shares
The emerging earnings upside due to likely higher exports of commercial vehicle components could help Bharat Forge shares break the tight range they have been trading in for the past six months and move the price-earnings multiple towards its long-term average.
Uncertainty looms large; Nifty needs to cross 17,450 level to reach 18,000
The recent up-move has mainly been a short covering-led rally, facing resistance near 17,429 levels, where the gap zone is placed. We will be cautious going into the new week as US unemployment rate numbers last Friday increases prospects of aggressive tightening.
Hot US data could cool off local markets
The hot labour market in September means the US Federal Reserve might continue with its aggressive tightening to rein in inflation, giving further impetus to the dollar strength and pushing up US bond yields. This will keep India’s stock market on the edge, said analysts.