Chart Check: Maruti Suzuki likely to reclaim Rs 10,000-tag; may hit fresh record highs in next few weeks
The stock gave a breakout from a swing high of Rs 9,800 earlier in July 223 to hit a fresh record high of Rs 10,036 on 5th July 2023, but investors preferred to book profits post the breakout which pushed the stock below Rs 9,900 level.
Solid Start! Cyient DLM shares list at 52% premium over IPO price
Integrated electronic manufacturing services provider Cyient DLM made a strong debut on the stock exchanges, with shares listing at a premium of 52% over the IPO issue price of Rs 265 on NSE. The company’s IPO received a massive response from investors with an overall subscription at 71.3 times. Cyient DLM will use the net […]
ideaForge shares tank 10% on profit-booking after bumper listing
The IPO, which comprised a fresh equity issue of Rs 240 crore and an offer for sale (OFS) of 48.6 lakh shares, was subscribed over 100 times on strong institutional and retail interest.
Hot Stocks: Brokerage view on RIL, Titan Company, United Spirits, ICICI Prudential and Delhivery
Morgan Stanley downgraded Titan Company to Equal Weight with a target price of Rs 3207. The outperformance is likely to see a temporary pause. High gold prices are likely to impact discretionary consumption. The business growth momentum is likely to slow down a bit in the next couple of quarters.
72% of Nifty stocks nearing or in overbought zone: Anand James
About 72% of Nifty50 stocks are either nearing or in the overbought region, with IT, Auto and Banks being the top 3 sectors by weightage in Nifty that are overbought. However, overbought signals seldom signal a reversal in a trending market, as much as they do in a sideways market.
Golden Crossovers: Relaxo among 8 stocks signalling further bullishness
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.
ETMarkets AIF Talk- Lot of family offices and UHNIs are now actively investing in these bond strategies: Mohamed Irfan
This space is quite different from the traditional high-yield asset classes of promoter finance, loan against shares, distressed debt, venture debt, real estate financing etc.
Stocks to buy today: Tata Motors, SBI among top 6 trading ideas
On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19400 and then towards 19300 strikes. Call writing is seen at 19400 then 19500 strike while Put writing is seen at 19200 then 19000 strike.
Positive Breakout: Sobha & 4 other stocks cross their 200 DMAs
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
ETMarkets Smart Talk- We expect the Nifty50 earnings growth for FY24 and FY25 to be close to 15%: Nishit Master
Until the end of FY23, markets had underperformed for a couple of years, while earnings growth for markets during this time was in the mid-teens. Thus, the recent movement in the markets, to a great extent, is a catch-up rally.