Tech View: Nifty forms Inside Bar candle on weekly charts. What traders should do next week
Weak global cues are largely weighing on sentiment in the absence of any major trigger from the domestic front. We may see some breather in the Nifty index after the recent slide but the tone is likely to remain negative, citing the weak structure of several index heavyweights. Participants should align their positions accordingly while […]
Chart Check: After 30% returns in 3 months, trendline breakout makes REC an attractive buy
The stock bottomed out near 80 levels when it hit a 52-week low of Rs 83 on 20 June 2022. The stock has been making higher highs and higher lows on the monthly charts for the past 4 months.
Nifty valuation undoubtedly challenging: Chris Wood of Jefferies
“If Asia looks better in aggregate on comparative valuations, there is one market where valuations are undoubtedly challenging. That is GREED & fear’s long-term favourite, India. The Nifty index now trades at 18.8x 12-month forward earnings, compared with a historic 10-year average of 17.2x,” Wood said in his weekly note.
Kotak initiates coverage on this Tata stock. Should you buy?
Trent is a leading fashion retailer selling 100% in-house brands across the apparel, innerwear, accessories, and footwear categories. The company is best known for its flagship Westside format (59.5% of FY2023E standalone revenue) but has rapidly scaled up the Zudio format as well (39.9% of FY2023E revenue).
Market poised to go quite a bit lower; put protection between now and February: Jai Bala
“Definitely cover some portion but do not cover the entire portion because it is difficult to now completely come to the conclusion that we are going to see a huge rise. But definitely leave some part of your short position and at the same time cover partially. I am not sure which way the market […]
Bank FD vs dividend stocks: 6 PSU stocks with dividend yields of at least 9%
At a time when India’s largest public sector lender State Bank of India (SBI) is offering the highest interest rate of 6.75%, a handful of stocks are still offering better dividend yields. Unlike debt instruments, dividend yield is not guaranteed and any fluctuation in the stock price can also affect your overall returns. Here are […]
Golden Crossovers: These 5 stocks signal further bullishness
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Little ninjas of Dalal Street! Every third SME IPO in 2022 turned multibagger
The SME platform has witnessed several new-age and non-conventional companies accessing the capital market, said Uday Nair of Fedex Securities explaining the reason behind the growing interest of investors in smaller companies.
At multi-year highs: These 5 stocks gave 5-year breakouts
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Fundamental Radar: 10 reasons why Lemon Tree Hotels could rally over 30% from current levels
Long-term investors can look at buying the stock after the recent fall for a target of Rs 108 in the next 12 months, suggest experts. Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, based on controlling interest in owned and leased rooms.