Biceps missing in bull market? Every third Nifty500 stock at least 20% away from peak
Despite Sensex and Nifty reaching record highs in the last 3 months, a study of Nifty 500 stocks reveals that 185 stocks are at least 20% away from their 52-week high levels. Stocks that need to more than double in share prices to touch previous peaks include Adani Transmission, Gland Pharma, Adani Green Energy, Piramal […]
Ideaforge IPO to close a day earlier on account of market holiday
Due to Bakrid, India’s National Stock Exchange (NSE) will remain closed for trading on 30 July. Ideaforge, India’s top drone maker, generated a lot of investor interest in the first two days of its IPO and was subscribed 8.58 times overall, with the retail portion 27 times over-subscribed. The company’s shares currently command a premium […]
Macquarie takes another U-turn on Paytm, downgrades stock after 90% rally
Global brokerage firm Macquarie downgraded Paytm’s stock to neutral from outperform, attributing it to the sharp run-up in share prices in recent months and risks emerging from Jio Financial Services’ entry into the financial services space. The analyst also noted that China’s Ant Financial could be looking to pare down its stake, which could be […]
SAT stays Sebi order against IIFL Securities till further notice; stock surges 6%
The Securities Appellate Tribunal (SAT) has granted interim relief to IIFL Securities by staying the Securities and Exchange Board of India’s (Sebi) order debaring the brokerage firm from onboarding new clients for two years. The Sebi order was issued following its inspection of IIFL’s book of accounts, where Sebi found that the brokerage firm violated […]
Not big triggers, just global stability enough for India to outperform: Dinshaw Irani
“We are still seeing flows coming in, I do not think there is a reversal in the flows.We do not need big triggers in the market; we just need the world to stabilise. If that happens, that is enough for India to continue their outperformance.”
Hot Stocks: Brokerage view on IndusInd Bank, Paytm, Kaynes Technology and ICICI Prudential Life
Macquarie has maintained its outperform rating on IndusInd Bank with a target price of Rs 1510, as the bank aims to strengthen its balance sheet by making more contingent provisions and raise net interest margins from 4.2-4.3% to 4.4%. Macquarie has also downgraded Paytm to neutral with a target price of Rs 800 due to […]
Tesla’s searing rally elicits downgrades, caution on Wall Street
Goldman Sachs has downgraded Tesla’s stock to a “hold” rating, reflecting concerns about the EV maker’s valuation. Other brokerages such as Morgan Stanley and Barclays have also lowered their ratings while increasing their price targets. Tesla’s market cap of $813.29bn is much higher than its closest rival, Toyota. One reason attributed to the rally is […]
Trent among 10 stocks witnessing 5-year swing high breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on June 26, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look. A 5-year swing high represents the highest […]
Stocks to buy today: Maruti, Hero Moto among top 9 trading ideas
The Indian market could face selling pressure at higher levels despite positive global cues. The Nifty50 closed below 18,700 levels as India VIX was slightly up. The monthly maximum Call OI is placed at 18,800, while the maximum Put OI is placed at 18,700. The options data suggests a shift in a lower trading range […]
Positive Breakout: D-Mart & 5 other stocks crossed above their 200 DMAs
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.