Big Movers on D-Street: What should investors do with HDFC AMC, Tata Motors and Central Bank of India?
Indian markets closed higher on Tuesday with Fag-end buying. HDFC AMC rose by 11.29%, while Tata Motors was up by 3%, and Central Bank of India surged by 5.44%. Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, suggests buying these stocks. HDFC AMC is moving above its 20 DMA and 200 DMA and […]
ETMarkets Smart Talk- Plan to invest in smallcaps? Avoid firms with high P/E ratios and weak fundamentals: Harjeet Singh Arora
If the United States continues to raise its interest rates amid an impending global recession, it is expected to have a significant impact on the country’s economic slowdown.
ETMarkets Fund Manager Talk- Why is India a safe haven for investments? Fund Manager Madanagopal Ramu explains
With crude oil at $75 a barrel, inflation heading to lower levels and macro growth looking strong and being supported by manufacturing and services, we see a limited downside and expect markets to deliver a decent return over the next 2 years.
At multi-year highs: These 7 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 10,000 crore, seven stocks crossed their previous 5-year high values at the close on June 20, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Golden Crossovers: Asian Paints, IndiGo among 8 stocks signalling further bullishness
In the NSE list of stocks, eight 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’ […]
India back among the top five global markets by m-cap amid renewed FPI flow
Indian equities have gained 10% year-on-year in the June quarter so far compared with 4% and 6% return of the Emerging Market (EM) and Developed Market (DM) indices respectively thanks to renewed interest of foreign investors and sustained flow of SIP linked funds. Given this outperformance, India’s share in the global market cap has increased […]
Better to tender shares in Wipro’s buyback: Analysts
The Bengaluru-based firm said for retail investors, the entitlement ratio – the indication of minimum shares that the company will definitely accept in the buyback – has been fixed at 23.4%, while for others, it is 4.3%. Analysts recommend retail investors tender shares in the buyback programme given the ongoing uncertainty in the sector.
Piramal Enterprises to sell 8.34% stake in Shriram Fin
In FY13, Piramal Enterprises sold its domestic pharmaceutical formulations business to Abbott Laboratories for ₹17,000 crore and had invested part of the proceeds in Shriram Group companies. Piramal invested ₹4,583 crore across three Shriram Group entities, according to a Crisil report.
Tata Motors shares surge to 7-year high, but upside seen capped
The automaker’s shares ended as the best performer on the Nifty 50 with over 3% gains at ₹583.40. So far in 2023, the shares have gained more than 50% and are the best performing on the Nifty 50.
Small-cap index soars to a fresh all-time high
Extending its winning run to the eight straight day, the Nifty Smallcap 250 hit a new high of 10,535.25 before closing at 10,524.90, up 42.4 points or 0.4% from Monday’s close.