Chart Check: UNO Minda records breakout from symmetrical triangle pattern; likely to hit fresh record highs
Experts suggest that UNO Minda, a part of the auto component sector, has broken out from a symmetrical triangle pattern on the weekly charts, leaving room for the stock to hit fresh record highs in the next three months. Short to medium-term traders may want to purchase the stock now, or on minor dips, with […]
Vedanta bonds fall as liquidity worries revive amid chip setback
Vedanta Resources, owned by Indian billionaire Anil Agarwal, is facing concerns over debt repayments and finances, as evidenced by a slump in some of the commodity giant’s bonds. The Indian unit Vedanta Ltd’s semiconductor-making venture fell through this week, leaving the firm to build the project with no outside expertise, at a time when its […]
Nykaa faces FII wrath in June quarter, but domestic investors hold firm
Foreign portfolio investors cut down their stake in Nykaa to 9.93% as of June from 12.17% held in March
BSE CEO Ramamurthy says Sky’s the limit for SMEs; to focus on equity derivatives first this year
“Sky’s the limit for SMEs. Many of these entrepreneurs only know their mother tongue. We have restricted capability. The day we realise that we have these types of restrictions and capability limitations, we will outgrow that. We will talk in their language. We will explain to them in their language how it is going to […]
Senco Gold shares list at healthy premium of 36% over IPO price
Jewellery retailer Senco Gold made a strong debut on the BSE, as shares opened at Rs 431, a 36% premium on IPO price. The IPO combined fresh issues and an OFS portion. The funds from fresh proceeds will be used for funding working capital and general corporate purposes.
Stocks to buy today: LTIM, ICICI Bank among 7 short-term trading ideas by experts
Indian indices, S&P BSE Sensex and Nifty50, were up in opening trade, boosted by IT stocks. Sensex traded at 65,741, up 182 points (0.28%), while Nifty50 hovered around 19,473, up 59 points (0.31%). Nifty Bank surged 201 points (0.45%) in early trade, and volatility eased as India VIX stood at 10.70, declining by 2.14%. Anand […]
3 stocks Pranav Gundlapalle is bullish on from banking sector
We think the compounding story is largely going to be similar across banks. So, you are talking about high teens compounding of the book value growth.
Golden Crossovers: Reliance Power among 10 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 Smart Talk- India saw a muted run vs Nasdaq or Japan despite hitting record highs: Kaizad Hozdar
The reality is that in CY23 till date our market has rallied just ~6% while the other major indices have delivered far superior returns [Nasdaq 31%, Japan 27%, Taiwan 20%, S. Korea 18%, Germany 16%, US 16%, France 14%].
At multi-year highs: Tejas Networks among 5 stocks witnessing 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.