Chart Check: Tube Investment breaks out from a cup pattern; fresh record highs likely to continue in July
Tube Investments, an auto component company, has seen a 13% increase in its stock price in a month. Experts suggest that the stock could reach the level of Rs 3,700 due to a breakout from a cup pattern on the weekly charts. Short-term traders are advised to buy the stock now or on marginal declines. […]
BSE board to consider share buyback on July 6; stock surges
BSE Ltd will hold a board meeting on July 6 to discuss and approve a proposal for a share buyback, which involves the company repurchasing its own shares. Share buybacks are considered a tax-efficient way to distribute cash to investors and can increase the value of the stock by reducing the number of shares available. […]
Technical stock picks: LTTS, Polycab among 4 stocks that can rally up to 10%
Indian equity indices are trading at fresh all-time high levels. Amid this backdrop, a host of analysts have shared their tech views on particular stocks that can rally up to 10% in the short term.
Is HDFC Bank stock up for re-rating after merger? Morgan Stanely cites 5 growth triggers
Morgan Stanley has resumed its overweight rating on HDFC Bank and set a target price of Rs 2,110. The brokerage firm expects loan growth and EPS growth to be around 17-18% YoY after FY24. They believe that the stock is available at an attractive valuation and trades at a discount to its historical mean. The […]
Mcap of BSE-listed firms reaches record high of Rs 297.94 lakh cr
The market capitalization of BSE-listed firms reached a record high of Rs 297.94 lakh crore as the benchmark Sensex crossed the 65,000 mark for the first time ever. The BSE benchmark has been rallying for the fourth straight trading session. The market capitalization of BSE-listed companies jumped to Rs 2,97,94,780.47 crore. HDFC, HDFC Bank, UltraTech […]
Suzlon Energy shares hit 10% upper circuit, takes winning run to 6th day
Shares of Suzlon Energy surged 10% to Rs 17, extending its winning streak for the sixth consecutive session. In the past six sessions, the stock has gained 24%, and it has risen 47% in the last month and over 175% in the past year. ICICI Securities expects Suzlon Energy to benefit from favorable industry factors […]
What to buy in pharma stocks? Rahul Shah answers
“Pre-Covid most of the pharma stocks rallied and the same was the case with Biocon and then it has done nothing in the last two years. So if I have to look at in terms of market cap, the stocks look cheap but in terms of valuation, it looks fully valued at current levels as […]
Hot Stocks: Brokerages view on UltraTech Cement, KPIT Tech and MCX
Goldman Sachs has given a ‘Buy’ rating for UltraTech Cement and KPIT Technologies, with target prices of Rs 8,720 and Rs 1,200, respectively. The brokerage firm expects strong volume growth for UltraTech Cement and sees market share gains for the company. For KPIT Technologies, Goldman Sachs anticipates growth in revenue due to exposure to the […]
After 25% rally last week, what should investors do with Karnataka Bank stock?
We are certainly entering July, long and heavy. FII’s long position in the index future segment is heading to historical peaks, so there are no more expectations of tailwinds.
At multi-year highs: 8 stocks witness 5-year swing high breakout. Do you own any?
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.