BPCL shares gain after Q4 net profit doubles. Should you buy?
Bharat Petroleum Corporation (BPCL) recorded a standalone net profit of INR 6,478 crore in Q4FY23. The figure more than doubled from the year-ago period on the back of growth in fuel marketing margins and refining margins. BPCL reported a net profit of INR 2,501 crore in Q4FY22. The company’s Q4FY23 earnings beat estimates led by […]
How Shankar Sharma’s top 5 portfolio stocks are doing so far this year
As per the latest corporate shareholdings filed, Shankar Sharma publicly holds seven stocks with a net worth of over Rs 58.2 crore.
Worst is not yet over for the IT sector: Digant Haria
Now Siemens had actually outsourced a lot of its manufacturing and what we hear from the market is a lot of their vendors are themselves copying the Siemens technology and selling it as this is Siemens’ product so you can buy it at a cheaper price than us.
At multi-year highs: Cyient & 5 other stocks give 5-year breakouts
Bulls are driving the domestic equity markets amid firm global cues and positive signals from India Inc’s earnings. Select stocks are likely to deliver strong returns in the near term amid this backdrop, believe chart readers. Based on their recommendations, here are 9 stocks where one can ride the momentum:
Positive Breakout: These 9 stocks crossed above their 200 DMAs
In the Nifty200 pack, nine stocks’ prices crossed above their 200 DMAs (Daily Moving Averages) on May 22, 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 […]
Golden Crossovers: Heritage Foods among 5 stocks signalling further bullishness
In the NSE list of stocks, five 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’ […]
ETMarkets Fund Manager Talk: Investing in businesses rather than macro is this AMC’s mantra for superior returns
It is a stock selection-based approach of investing in businesses rather than betting on macro, says Prateek Pant, Chief Business Officer at the asset management firm.
We cannot afford to be complacent about our growth projections: Atul Joshi
So the growth in the bank credit is not going to corporates, manufacturing or infrastructure sector. It is actually going to the individuals which is actually getting leveraged. So I do not see this as a very strong growth indicator.
Dollar hits 6-mth high versus yen on higher-for-longer US rate expectations
The US dollar reached a six-month high against the yen as several Fed officials suggested that monetary policy may need further tightening. Minneapolis Fed President Neel Kashkari said the US rate may need to be 6% for inflation to achieve the 2% target, while the St. Louis Fed President James Bullard said the bank may […]
‘Buy’ Zomato or not? Most analysts bullish after Q4 show
Analysts believe Zomato’s stock can deliver up to 51% returns from the current levels despite lingering concerns over a second straight quarterly decline in food delivery volume at the Gurugram-based food-tech firm.