Paytm likely to clock sustained growth in Q4 operating profitability, says Citi; raises target price
Citibank has raised its target price for Indian fintech Paytm to INR1,103 ($14.60), signalling a potential upside of 71%. After breaking even last year, Citibank expects Paytm’s growth to continue, partly thanks to recognition of annual UPI payouts from the Indian government, along with decent Q4 figures. Citibank believes Paytm’s lending and monetisation focus help […]
Tech View: Nifty forms a long bull candle on F&O expiry day. What should traders do on Friday
Options data suggests a broader trading range between 17500 to 18500 zones, while an immediate trading range between 17700 to 18200 zones.
We expect growth in BFS business to be significantly lower in FY24: Sudhir Singh, Coforge
This year we need to secure the guidance number that we have talked about and of course, the intent will always be to try to exceed the number.
Coforge Q4 revenue forecast outpaces larger peers; shares rise
Indian IT services provider Coforge Ltd’s Q4 revenue and revenue growth forecast for 2024 were in line with analysts’ expectations. In contrast, bigger peers Tata Consultancy Services Ltd, Infosys Ltd and HCL Technologies Ltd are struggling with delayed and cancelled orders. Coforge anticipates a 13-16% FY 2024 revenue growth, supported by a robust deal pipeline, […]
Up 20% in a day, here’s how to trade this Gujarat-based smallcap company
The Gujarat Mineral Development Corporation (GMDC) soared by 20% with high volumes, opening up the possibility of hitting Rs 200 in the next six months, according to experts. Traders and investors should keep an eye on the stock and consider buying on dips to Rs 135-140. The stock is part of the S&P BSE Smallcap […]
Unilever quarterly sales beat estimates as prices surge
The British company reported a 10.5% rise in underlying sales to 14.8 billion euros ($16.4 billion), beating analysts’ average forecast for a 7.2% increase, according to a company-provided consensus.
We are quite confident of maintaining net NPA below one: Abhay Bhutada, Poonawalla Fincorp
If you see secured currently it is 50:50 secured and unsecured but going further considering the opportunity available, we will do secured 40%, unsecured 60%.
We expect an improvement in chip situation from second quarter onwards: RC Bhargava, Maruti Suzuki
I do not think anybody can predict margins going forward in any industry. It is just not possible. There are so many variables which are there and the world today is not a very predictable place.
At multi-year highs: Siemens among 5 stocks that gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1,000 crore, five stocks crossed their previous five-year high value at the close on April 26, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Death Crossovers: Vedanta among 4 stocks that signal bearishness
In the NSE list of stocks, four stocks with a market cap of over Rs 250 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 […]