Rice prices up 15%, Palm oil seen rising too
The basmati variety of rice is selling at a record high of Rs 110 per kg as compared with Rs 95 per kg a month ago. Traders attribute this to rice millers building stocks in anticipation of better prices in the world market as floods in Pakistan have damaged the country’s rice crop.
Kotak picks new speciality chemical stock, trims position in 4 IT stocks
PSUs, financials and consumer staples outperformed the market, while IT Services, healthcare and realty underperformed the market. Largecaps did better than the mid and smallcap indices.
Chart Check: 80% rally from March 2022 lows, this NBFC stock could hit fresh 52-week high in 1 month
On the weekly chart, the stock gave a breakout from 88 weeks consolidation patch. From a pattern perspective, it can be considered as a rounding bottom pattern which is a bullish development.
Porinju Veliyath on 4 investment themes for smallcaps and midcaps in 2023
“More than sectors, India is about the cherry picking of stocks. Selective stock picking is going to be rewarding even in 2023. Anybody can go wrong in predicting the index but the trajectory of wealth creation or returns is going to be definitely very positive in 2023 and the coming years.”
Golden Crossovers: These 4 stocks signal further bullishness
For more such web stories click on the ET icon below
We hope to receive a good number of EOIs for IDBI Bank: Tuhin Kanta Pandey
Many times there is a demand for the stock as well, so you cannot say that the stock will not be available. But as I said that we will always keep in mind the interest of minority shareholders and will advise all the departments as well as the CPSEs to keep on adding value to […]
PTC India shareholders approve final dividend of Rs 5.80 per equity share
“We are also exploring opportunities in emerging areas of Green Hydrogen, Battery Energy Storage Systems through collaborations with global technology companies,” Rajib K Mishra, CMD (additional charge), PTC India said.
January jinx! Winter may just get colder for Nifty bulls, shows 20-year history
Since June 2022 lows, Nifty has not corrected for more than three consecutive weeks in a row, followed by a new high in the following month. After the index formed a bullish piercing line candlestick on the weekly chart, technical analysts expect the rhythm to be maintained.
Fundamental Radar: After 50% rally in 3 months, Rahul Malani lists 5 factors why PNB is a top buy for 2023
Overall, the SMA-2 book stands at ~0.3% of loans. Improvement in the corporate credit cycle along with the fact that trailing loan growth in the corporate segment has been muted in the past few years should moderate NPL formation further.
Tata Steel shares rally over 4%. Check out Jefferies’ target price
After almost a year of cautious view, we turn positive on India metals; China started to ease Covid-19 policy and support its ailing property sector. We believe the worst-margin quarter for Indian Steel, and the big chunk of earnings cuts for Tata Steel are behind,” the brokerage firm Jefferies said.