Ashok Leyland, MRF among 5 stocks near ‘buy’ point
Nifty surged nearly 9% since March 2023 on the back of positive global cues, strong FIIs inflow, low inflation and lower raw material prices. Meanwhile, MarketSmith has a positive view on some stocks that it believes are near the buy point. According to MarketSmith data, these stocks include Ashok Leyland, MRF and Wendt India. Here […]
Jefferies recommends buy on RIL, sees 22% upside. 4 reasons
Jefferies has recommended a ‘Buy’ on Reliance Industries (RIL) shares based on the expectation of faster revenue growth. The brokerage firm predicts a 22% upside in the stock from current levels and lists four reasons why RIL could see a rally, including growth potential in the retail sector, improving margins in O2C, Jio’s broadband traction […]
Mcap of BSE-listed firms reach fresh record high of Rs 294.49 lakh crore
The market capitalisation of BSE-listed companies reached an all-time high of INR 294.49 lakh crore as the Sensex benchmark hit a record high of 63,588.31. The optimistic trend in equities allowed the market capitalisation of all firms listed on BSE to reach a peak, thanks to buying by index majors, HDFC twins and Reliance Industries. […]
Smallcap auto stock skyrockets 44% in 2 days. Should you buy or sell?
Indian auto air conditioning manufacturer Subros rose 44% following Union Road Transport Minister Nitin Gadkari’s announcement truck drivers cabins must be fitted with air conditioning. In a speech at a trade show, the minister said he had signed a document stating all cabins for drivers must be air-conditioned, adding: “We must ensure that people who […]
Best ‘asana’ in market is to stay invested for a long term growth story: Nilesh Shah
There are three Gs available in India; growth better than peer group, governance standards which are better than peer group which reassures investors that if you make money it will stay with you, and finally the green transformation
Paytm leads $6 billion rally as new-age tech stocks seek redemption
Indian tech unicorns such as Paytm, Zomato, and PB Fintech have rebounded from a global selloff last year and have gained between 28% to 69% this year, adding over $4.7 billion in market value. These companies have focused more on profitability, leading them to exit businesses that showed little promise and cut costs. Even though […]
Hot Stocks: Brokerages on United Spirits, RIL, HDFC AMC, HDFC Bank, and L&T
Brokerage firms have maintained their recommendations on various companies, with JPMorgan and Jefferies retaining their overweight and buy ratings on United Spirits and Reliance Industries respectively. HDFC AMC has been recommended as a buy by Jefferies, while Goldman Sachs suggests buying HDFC Bank. Morgan Stanley, meanwhile, has maintained an overweight rating on L&T. The companies […]
Stocks to buy today: BHEL, HCL Tech among top 9 trading ideas
The Indian market is set to consolidate as the S&P BSE Sensex rallied over 150 points and Nifty50 closed above 18,800 levels. In the last week, the India VIX has been hovering in a small range, while volatility has decreased and comforted the bulls at support zones. Option data suggests a shift in the broader […]
Real return going to be again in broader markets: Gautam Shah
We are a little overbought at these levels. 18,900, 19,000 is a point of resistance. So I do not think large caps are going to do anything special but this mid-cap, small-cap rally, I think, is going to continue.
Positive Breakout: LIC & 4 other stocks crossed above their 200 DMAs
In the Nifty500 pack, five stocks crossed above their 200 DMA (Daily Moving Averages) on June 20, according to stockedge.com’s technical scan data. The 200-day daily moving average (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 […]