Positive Breakout: These 7 stocks close cross above their 200 DMAs
In the Nifty500 pack, seven stocks’ prices crossed above their 200 DMAs (Daily Moving Averages) on April 24, 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 […]
Serum Life to double investments in Biocon Biologics to $300 m
Under the fresh terms of their strategic alliance, Serum Life Sciences will make an additional equity investment of $150 million through the conversion of the $150 million loan provided to Biocon Pharma, a wholly-owned subsidiary of Biocon, into equity in BBL.
At multi-year highs: These 6 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks crossed their previous five-year high value at the close on April 24, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
ETMarkets Smart Talk: Indian market likely to do well in the run-up to general election in 2024: Gaurav Dua
Fundamentally, the valuations had turned at 16,800-17,00 level with PE of 17.5-18x FY24 earnings and continued healthy double-digit growth in earnings despite rapid rate hikes and uncertainties globally.
ETMarkets Fund Manager Talk: Hybrid funds with 35% equity exposure may find favour for indexation benefits: LIC MF
If one looks at the voting pattern of the MPC, the interesting part was that this time the voting was unanimous compared to February 2023, where only 2 members had voted for a pause.
Stocks to buy today: 7 short-term trading ideas by experts
India VIX was up by 0.32% from 11.63 to 11.66 levels on Monday. Volatility spiked above 12 zones but later sunk and has now dried up. It is now consistently hovering at its lower zones which is a positive sign for the bulls.
Big Movers on D-St: What should investors do with Cyient, Wipro and TCS?
The stock emerged as a top gainer in the IT space. Continuing its prior rising trend, the stock rose to a 52-week high of Rs1,230. The key technical indicators formed a bearish divergence on the short-term timeframe chart.
Mankind Pharma may offer investors a better entry point after its listing
Business: Unlike its peers, Mankind Pharma started in rural India and is now expanding to urban India. The company earns 97% of its revenues from India. It has also been a uniquely successful player in building branded consumer product portfolios. The company is a market leader in multiple categories – male condoms with its brand […]
Euro to the fore as hawkish hike looms
The euro rose above $1.10 overnight and was still going at $1.1062 early in the Asia session. Trade was thinned by holidays in Australia and New Zealand and ahead of central bank meetings in Japan on Friday and the U.S. and Europe next week.
Sobha shareholders reject two remuneration proposals
About 88.6% of the institutional investors voted against the first resolution, while 86.3% opposed the other. As the number of votes cast in favour of the special resolution is not more than three times the number of votes cast against the special resolution, the said resolutions have not been passed by the shareholders, the company […]