Momentum Pick: After timewise correction, Power Grid stock ready for next leg of rally
Power Grid Corporation of India’s stock has potential for a 52% upside as it looks to rally after an extended consolidation phase. The stock’s resilience against market falls has placed it on a strong footing. It is into the power transmission business and owns roughly 173,790 circuit kilometers of EHV transmission lines. Technical Research Analyst […]
ICICI Lombard shares fall over 4% after Q4 results. Should you buy, sell or hold?
ICICI Lombard General Insurance reported a net profit of INR 437 crore ($58.5 million) for the quarter ending 31 March, up 40% YoY driven by a 24% QoQ rise to INR 352 crore. Total income also increased 13% YoY to INR 5,255 crore. However, profits missed estimates amid competition in the motor insurance business. At […]
No WFH means no trading? 53 lakh people left stock market in 9 months
Market insiders note that the sideways-to-downtrend movement of Nifty in the last one-and-a-half years is gradually throwing weak hands out of the Street. The work-from-home culture during Covid-related lockdowns had made trading fashionable among youngsters who could easily punch orders away from the prying eyes of their bosses.
High-conviction picks! 8 mid & smallcap stocks that can rally up to 67%
Domestic brokerage firm Prabhudas Lilladher is bullish on a few mid and smallcap stocks, which belong to different sectors such as auto, hospitality & leisure, healthcare and entertainment. Prabhudas’s high conviction picks include Ashok Leyland, Max Healthcare, Chalet Hotels and PVR. Here is a list of 8 mid & smallcap stocks that can rally up […]
Hot Stocks: Brokerages on Zomato, Titagarh Wagons, ICICI Lombard
Brokerage firm UBS maintained its buy rating on Zomato, B&K Securities initiated coverage with a buy rating on Titagarh Wagons, and Morgan Stanley maintained its overweight rating on ICICI Lombard.
MRF, Lupin among 7 stocks that jumped above their 200 DMA
In the Nifty500 pack, these seven stocks closed above their 200 DMA (Daily Moving Averages) on April 18, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA […]
Blinkit Disruptions: Zomato sees no material impact on financial performance; stock jumps 4%
“These disruptions and changes have no material impact on the operations /financial performance of the Company (meaningfully less than 1% revenue impact) and hence we believe that this event does not warrant any disclosure under regulation 30 of the SEBI (LODR) Regulations, 2015,” the company claimed.
At multi-year highs: These 4 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks crossed their previous 5-year high values at the close on April 18, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Death Crossovers: M&M among 6 stocks that signal bearishness on April 19
In the NSE list of stocks, six stocks with a market cap of over Rs 1,000 crore have been witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its […]
Stocks to buy today: 6 short-term trading ideas by experts for 19 April, 2023
Indian market may consolidate based on mixed global cues. Sensex and Nifty50 decreased on Tuesday with the India VIX lowering by 1.51% to 12.07 levels. Options suggest a trading range shift towards 17400 to 18000 zones and immediate trading shift between 17500 to 17850 zones. Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, believes […]