Hot Stocks: Brokerage view on Grasim, Bajaj Finance, MCX and Hindustan Zinc
Top brokerage firms have given their recommendations on Grasim Industries, Bajaj Finance, MCX, and Hindustan Zinc. Morgan Stanley has given an overweight rating to Grasim Industries, achieving a target price of Rs 1910. Jefferies has recommended a buy rating for Bajaj Finance with a target price of Rs 8310, while Morgan Stanley has retained its […]
Stocks to buy today: Colgate, Glenmark among top 6 short term trading ideas
Infosys and IndusInd Bank’s shares traded ex-dividend on Friday after the companies recommended a final dividend of Rs 17.50 and Rs 14 per equity share, respectively. The record date for both companies is June 2. The final dividend for Infosys will be paid on July 3 while IndusInd bank awaits shareholders’ approval at the annual […]
At multi-year highs: 4 stocks with over Rs 10K cr m-cap gave 5-year breakouts
In the NSE list of stocks, with a market cap of Rs 10,000 crore and above, 4 stocks crossed their previous 5-year high value at the close on June 1, suggesting bullishness in counters, according to StockEdge’s price scan data. Take a look.
Golden Crossovers: Maruti Suzuki among 4 stocks signalling further bullishness
In the NSE list of stocks, 4 stocks with a market cap of over Rs 10,000 crore are witnessing Golden Crossovers, according to StockEdge’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’ […]
Positive Breakout: These 5 stocks closed above their 200 DMAs
5 stocks closed above their 200 DMA (Daily Moving Averages) on June 1, 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 on the daily time frame, […]
Big movers on D-Street: What should investors do with South Indian Bank, HUL and Sobha?
Indian equity benchmarks closed lower due to profit booking and a slump in the global markets. The auto and IT sectors gained slightly but banking, financials, and metal stocks fell. South Indian Bank rose by 9.57%, HUL gained 0.88% and Sobha rose nearly 7%. Kotak Securities’ VP of Technical Research, Amol Athawale, suggests buying South […]
Sensex at 100,000 does not look unimaginable, see it going beyond it: Nilesh Shah
In about 20 years, these six states have reached where India was yesterday. Now, if all of us continue to work in similar fashion for next 20 years, these six states will create today’s five India.
View: Modi’s $24 billion manufacturing push is stuck on the assembly line
Already, influential critics are asking if the much-touted success in becoming a hub for smartphone manufacturing is a hollow claim. Low-end assembly-line jobs, created with the help of expensive state subsidies and protectionist import duties, would only make sense if they were a quick pathway to more sophisticated production, such as of microprocessors.
FPI holdings of 7-, 14-yr gilts soar after RBI eases access
On July 7, 2022, the RBI widened the scope of the ‘Fully Accessible Route’ (FAR) for non-resident investment in government bonds to include 7-year and 14-year securities. Foreign portfolio investors’ holdings of the 7-year government bond have since increased multi-fold to ₹7,084 crore as on March 31, 2023, compared with ₹118 crore before the inclusion […]
Nifty Midcap 100 hits new high; experts see 25% rally
The index has gained 5% in the last six months and 20% in the last one year compared to Nifty’s -1.7% and 12% returns during these periods. The ratio line of the Nifty Midcap 100 to Nifty 500 index has also recorded a breakout from five years of consolidation. This, according to analysts, indicates an […]