Patanjali Foods shares rally after OFS overhang ceases. What should traders do?
Following a 7% stake sale, the promoter stake has been reduced from 80.82% in Patanjali to 73.82%. Accordingly, the company has now become compliant with minimum public shareholding requirements of 75%.
Chart Check: Breakout from flag pattern on weekly charts makes this logistics company an attractive buy
The stock hit a 52-week high of Rs 828 on 9th November 2022 but it failed to hold on to the momentum. The stock formed a strong base above Rs 555 levels which also corresponds to the 52-week low recorded on 29th March 2023.
At least 41 stocks turned multibaggers in over 3 months; are any of these in your portfolio?
Some of the prominent stocks that have given multibagger returns include Tanla Platforms, Suzlon Energy, Texmaco Railsystems, JBM Auto, Jindal Saw, Mazagon Dock Shipbuilders, Inox Wind Energy, Force Motors, and Aurionpro Solutions.
ICICI Bank, Hindalco among 5 stocks that can return up to 12% in short term
After scaling fresh highs last week, stock specific action is likely to continue in the current week with some major private banks including HDFC Bank, ICICI Bank slated to report their earnings.
How to trade HDFC Bank ahead of Q1 results? Anand James shares his strategy
Though Nifty Bank saw a new peak earlier than Nifty 50, the moves since then, had hardly evoked confidence or reflected a secular bull run that was widely expected.
Netweb Technologies IPO opens for subscription. Should you bid?
The company is offering its shares in the price range of Rs 475-500, and at the upper end, the valuation is at a P/E of 55-59x. The IPO will fetch Rs 631 crore at the upper end of the price band.
Positive Breakout: LIC & 7 other stocks cross above 200 DMAs
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Hot Stocks: Brokerage view on Federal Bank, HDFC Bank, Avenue Supermarts and Bandhan Bank
The proposed equity infusion during the quarter should provide growth capital. Valuations at
Stocks to buy today: Infosys, ICICI Bank among top 8 trading ideas
India VIX was down by 2.33% from 10.93 to 10.68 levels on Friday. Volatility is hovering near its lower band which is supporting the bulls at record-high levels. On the weekly options front, the maximum Call OI is placed at 19600 and then towards 19700 strikes while the maximum Put OI is placed at 19500 […]
At multi-year highs: Colgate among 9 stocks that witnessed a 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.