Breakout Stocks: How Mazagon Dock, Bharat Dynamics and Polycab are looking on charts for Wednesday
Sector-wise, buying was seen in telecom, capital goods, consumer durables, and power stocks while selling was visible in metals and banks. Mazagon Dock Shipbuilders up 10%; Bharat Dynamics sees spike of nearly 14%, and Polycab India closes with gains of over 6%
Wipro’s Thierry Delaporte among top 6 highest-paid IT CEOs in India. Check full list
Here’s a look at the highest-paid directors in the IT Consulting & Software industry.
Utkarsh Small Finance Bank IPO to open on Wednesday. What GMP signals ahead of subscription?
The company has fixed a price band of Rs 23-25 per share for the IPO, which is entirely a fresh issue of shares of Rs 500 crore. About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the rest 10% for retail investors, who can bid for […]
Tech View: Market breadth indicates a strong bullish bias. What traders should do on Wednesday
RSI indicated a bearish crossover, suggesting a potential decline in the market. Now, Nifty has to hold above 19400 zones to extend the move towards fresh all-time high levels of 19525 and 19600 zones, while on the downside, support is intact at 19333 and 19250 zones, said Chandan Taparia of Motilal Oswal
ITC chief Sanjiv Puri’s salary hiked to Rs 16.31 crore in FY23
According to Trendlyne data, the conglomerate’s chief drew a salary of Rs 10.66 crore in FY22. Puri was appointed as a Wholetime Director on the Board of ITC with effect from December 2015
Defence stocks rally up to 20% on strong growth prospects
Shares of defense companies were up on Tuesday, with Premier Explosives leading the rally due to its robust order book and healthy pipeline. Other defense companies that saw gains were Bharat Dynamics, Zen Technologies, and Mazagon Dock Shipbuilders.
HDFC Bank dethrones Reliance Industries as new Baahubali of Nifty
In case of Nifty Bank index, HDFC Bank’s weight will increase from 26.9% to 29.1%, leading to inflows of about $70 million from passive funds, according to calculations by Nuvama.
Chart Check: Tech Mahindra records breakout from 13-month consolidation; what should investors do?
The stock which is also part of the S&P BSE Sensex witnessed a breakout last week from the neckline of 13-month consolidation placed at Rs 1,165. However, some selling was seen post the breakout which took the stock around Rs 1,150.
Motilal Oswal sees 13% upside in Tata Motors stock: 5 reasons why
The domestic brokerage values Tata Motors stock at 19.3X/16.2X FY24E/FY25E consolidated P/E and 5X/4.2X EV/EBITDA. The shares are currently hovering at all-time high levels. It hit 52-week high of Rs 634.60 on BSE on Monday.
Reliance Retail buyback ignites IPO prospects as PE firms make big bucks in 3 years
Global investment bank JPMorgan Chase sees Reliance Retail’s enterprise value at $112 billion, while UBS has valued it at $110 billion and Bernstein at $111 billion.