Infosys, HUL among top April additions by MFs; Mankind Pharma steals the show as preferred pick
Mutual funds in India have sold shares worth INR 5,100 crore ($687m) in April, Nuvama Institutional Equities reported, while FIIs bought INR 12,400 crore worth of the stocks in the secondary market. Meanwhile, domestic investors’ equity inflows into mutual funds moderated to INR 6,500 crore, a five-month low. On a positive note, small- and mid-cap […]
Nifty forms long bull candle on weekly charts. What should traders do next week
Nifty formed a green candle with a long lower shadow, indicating buying in lower zones as bulls take comfort in falling India VIX. Analysts suggest that Nifty should continue holding above 18250 zones to witness upward momentum towards 18400 and 18442 zones, with downside supports in place at 18181 and 18081 marks. Technical charts suggest […]
Valuation cuts haunt Byju’s, Oyo & other Indian unicorns
Off late, Indian startups have seen major cuts in valuations’
MSCI Rejig: 14 stocks including Fusion Micro, IRCON Intl enter Global Smallcap index; 9 exit
MSCI Inc has announced changes to its Global Smallcap index, where 14 Indian stocks will enter while nine will exit the index on May 31. The changes will include Anupam Rasayan, KFin Technologies and NMDC Steel. The inclusion of Hindustan Aeronautics and Sona BLW Precision Wiring to the MSCI India Domestic index is set to […]
Chart Check: A breakout above 50-SMA on weekly charts makes this specialty chemical stock an attractive buy
Shares of specialty chemical company Pidilite Industries have broken out above the 50-SMA on weekly charts and could reach INR2,600 ($35) in price, according to analysts. While the stock is already near overbought levels and profit-taking is possible, the relative strength index is at 69.5 and MACD is bullish. The momentum saw the company break […]
Adani-Hindenburg probe: SC grants SEBI a 3-month extension
The apex court had on March 2 asked the Securities and Exchange Board of India (SEBI)to probe within two months these allegations and had also set up a panel to look at providing protection to Indian investors after a damning report by US short-seller Hindenburg wiped out more than $140 billion of the Indian conglomerate’s […]
Jupiter Hospital files DRHP with Sebi for Rs 900-1,100 crore IPO
Sources told ET that the total IPO size would be Rs 900 – 1,100 crore, and the company may consider a Pre IPO placement of Rs 123 crore.
Eicher Motors shares jump 7% on Q4 earnings. Should you buy, sell or hold?
Eicher Motors reported better-than-estimated Q4 results, sending its shares up by nearly 7%. The company’s consolidated net profit rose by 48% to INR905 crore, while revenue from operations increased by 19% YoY to INR3,804 crore – the firm’s highest-ever revenue and fifth consecutive quarter of record revenues. The board has also recommended a final dividend […]
Golden Crossovers: Paytm among 8 stocks signalling further bullishness
In the NSE list of stocks, eight stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ […]
Q4 results today: What’s in store for Tata Motors, DLF, Vedanta and Cipla?
Tata Motors is expected to report a net profit of between INR 3,100 to 3,204 crore and revenue growth of up to 34% for Q4 on the back of strong EBITDA expansion across divisions. DLF will post a small increase with reported net profits at INR 477 crore, whereas Vedanta may experience a 48% decline […]