Chart Check: Shree Cement breaks down from lower channel on weekly charts; time to sell?
Shree Cement shares have fallen by around 10% from their February highs and may see further downside if they fail to hold onto the 200-day moving average support, according to analysts. The stock, which hit a high of INR27,013 ($402) on 21 February, is displaying bearish signs as it trades below 5-, 10-, 30- and […]
HUL vs ITC: Where did FIIs, MFs & retail investors put their money over last 4 quarters?
Foreign portfolio investors have consistently increased their stakes in India’s ITC, making the cigarette-to-hotels firm the best-performing stock in the consumer staples sector with gains of 62% over the past year. Meanwhile, retail investors have been reducing their holdings of the company for three consecutive quarters. Mutual fund activity in ITC has been volatile, with […]
Momentum Pick: After 28% returns in 1 year, IGL poised for another 27% upside
Indraprastha Gas (IGL) could gain 27% based on current trends and strong fundamentals, according to Anuj Gupta of IIFL Securities. IGL has returned over 28% over a 12-month period and outperformed the Nifty50 by 13%. The stock has been relatively less volatile and has traded with a one-year beta of 0.71. Anand Rathi maintains a […]
Zomato stock rises 3% as Q4 loss narrows. Should you buy or sell now?
Shares of Zomato rose by almost 3% after the food delivery firm reported a lesser quarterly loss in Q4FY23. Zomato’s loss of INR 188 crore in the three month period ending in March is a significant improvement from the INR 360 crore reported in the same period the previous year. Meanwhile, consolidated revenue increased by […]
F&O Ban: Balrampur Chini, GNFC, Manappuram among 6 stocks under ban on Monday
Six stocks, including Delta Corp and L&T Finance, are under trading bans on May 22, owing to open interest levels crossing 95% of the market-wide limit. However, Future and Options contracts will still remain on the market. The ban will be reversed when open interest falls below 80%. Traders in indices won’t face a security […]
Positive Breakout: These 8 stocks crossed their 200 DMAs
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Hot Stocks: Brokerage view on Muthoot Finance, Bandhan Bank, Delhivery, Zomato and Divi’s Laboratories
Brokerage firm BofA Securities has given a buy rating on Muthoot Finance and Zomato, and a neutral rating on Bandhan Bank and Divi’s Laboratories. The global investment bank has maintained a buy rating on Muthoot Finance with a target of Rs 1200 and upgraded Zomato to buy with a target price of Rs 85. On […]
Stocks to buy today: 6 short-term trading ideas by experts
The Indian market may remain stable on Monday, keeping in line with the mixed global cues. The S&P BSE Sensex increased by 300 points on Friday, and Nifty50 finished over the 18,200 level. India VIX descended by 3.91% from 12.79 to 12.30 levels, reducing the volatility and aiding the market. Options data shows the maximum […]
Golden Crossovers: These 9 stocks signal further bullishness
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.
Big Movers on D-St: What should investors do with Ramco Cements, Gland Pharma and Adani Gas?
Indian markets closed in the green on Friday after a 3-day losing streak. Sectorally, buying was seen in IT, realty, banks, and autos while selling was visible in healthcare, consumer durables, and public sector stocks. Stocks in focus include Ramco Cements, Gland Pharma, and Adani Total Gas. Swastika Investmart’s Sr. Technical Analyst Pravesh Gour recommends […]