At multi-year highs: These 5 stocks gave 5-year breakouts
Hot Stocks: Brokerages on Apollo Tyres, ONGC, Delhivery and Biocon post Q2 results
JPMorgan maintained an overweight rating on Apollo Tyres with a target price of Rs 370. The global investment bank slashed FY24-25 EPS by 2-3% to factor in slightly lower volume growth in India.
Stocks to buy or sell today: 6 short-term trading ideas by experts
The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 18400 levels on Tuesday.
Robust exports help UP sugar mills fetch 10% premium in export quota sale
The 2022-23 sugar export policy announced this month allows a sugar mill to swap its export quota with the domestic sales quota of another sugar mill. Trade insiders said that though some exporters have purchased the export quota, others want the government to clarify if the policy allows for trading of the export quota.
Big Movers on D-St: What should investors do with RVNL, Apollo Tyres, and Nykaa?
Stocks which were in focus included names like Rail Vikas Nigam which was up 11%, Apollo Tyres which rose over 4%, and Nykaa which fell more than 9% on Tuesday.
Stocks in the news: Bikaji, Global Health, TCS, Godrej Properties and Nykaa
Bikaji Foods International and Global Health Limited will make their debut at the Dalal Street on Monday. The issue raised Rs 881 crore and Rs 2,206 crore, respectively, between November 03-07 from primary markets.
What changed for market while you were sleeping
Wall Street’s main indexes gained on Tuesday, shaking off an unconfirmed report of Russian missiles crossing into Poland that sparked volatility, as investors seized on softer-than-expected inflation data that raised hopes of a pullback in rate hikes by the U.S. Federal Reserve.
MFs bet on laggards with potential for leadership
The bet on bank stocks is that the pick-up in the credit cycle is expected to benefit smaller lenders, which have cleaned up their books and posted healthy profits in the September quarter. Fund managers also purchased shares of select companies in pharma, IT, defence, cement and hospitality because of cheaper valuations.
FPIs, promoters hiking stake in select companies hints at more upside
According to analysts, dominant shareholders, including founders, raising stakes in companies is often considered to be a positive indicator and could hint at anticipated strong growth in earnings.
IDFC merger may be delayed on fair value issue
The merger will give IDFC First bank access to nearly ₹4,000 crore of capital, a bulk of which came from IDFC Ltd selling its mutual fund business to Bandhan Bank. IDFC Ltd shareholders are likely to benefit from the clean-up of the bank’s balance sheet and the groundwork laid for the retail loans growth take-off.