Mobile GST hike gives government more than PLI outlay: Industry Executives
In fact, the five-year smartphone PLI scheme will leave a revenue surplus of ₹11,000 crore if only the Centre’s GST (goods and services tax) collections are taken into consideration, industry body India Cellular and Electronics Association (ICEA) said in a June 5 letter to the finance ministry. The government increased the GST on mobile phones […]
Tech View: Nifty forms make-or-break support at 18389. What should traders do next week
The negative trend in the Nifty is indicated by bearish divergences in RSI and MACD, with immediate support placed around the 18450 levels but resistance found at the 18750 levels. The index is retracing its prior rise from 18060 – 18777, but a negative divergence needs to be confirmed before a negative outlook is established. […]
Survival of the fittest! In crises, IT index trumps Nifty50. Here’s how to trade top sectoral stocks
Indian IT firms are struggling to predict their growth trajectory amidst global upheavals and economic uncertainty. Nonetheless, the sector has a history of showing more resilience than the broader Nifty50 in previous crises, according to a report by Nuvama. Nuvama expects the Indian IT sector to deliver handsome returns in the next two to three […]
Stock screener: MFs, FIIs drool over these 10 stocks, earn double-digit returns
Institutional investors such as foreign portfolio investors and mutual funds have increased their stakes in at least 20 Indian stocks in the past three quarters, but only 10 of these investments have yielded double-digit returns in FY23. The stocks that have rewarded the institutional investors include L&T Finance Holdings, Maharashtra Scooters, Arvind Smartspaces, Devyani International, […]
These 10 stocks gain for 5 days in a row; do you own any?
After enjoying four consecutive days of gains, the benchmark index Sensex ended on a negative note on Thursday. Nevertheless, ETMarkets.com has shortlisted ten stocks from the BSE200 index that have demonstrated consistent share price growth over the past five trading sessions. With the exception of a couple of stocks, most of these stocks are trading […]
Banks and IT stocks share inverse relationship, shows 14-year history
According to Jefferies, India’s most widely-owned sectors, financials and IT, have shown an inverse relationship nearly 70% of the time in the past 14 years. The reason for this lies in macroeconomic trends; banks tend to outperform during times of favourable macros like stable and strong INR, falling yields and strong growth, whereas IT tends […]
We are expecting significant number of orders from thermal sector over 3-4 years: Nalin Shinghal, BHEL
The material costs had been going up, steel prices, copper prices, and there have been project delays, COVID related and otherwise so that whole thing was hitting us pretty badly.
Sell Flag! These 4 stocks can plunge up to 26%, says IIFL
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Hot Stocks: Brokerage view on Paytm, Avenue Supermarts, HDFC Life and SBI Life
Brokerage firm CLSA has maintained a buy rating and target price of Rs 850 on Paytm. Motilal Oswal has recommended a buy call on Avenue Supermarts with a target price of Rs 4200. However, Macquarie downgraded HDFC Life to neutral from outperform with a target price of Rs 556, ICICI Prudential Life and SBI Life […]
At multi-year highs: HAL among 8 stocks that gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks crossed their previous 5-year high value at the close on June 8, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.