With new-age tech stocks grabbing eyeballs, here’s how MFs placed their bets
While mutual funds marginally reduced their holdings in One97 Communications and PB Fintech, money managers have overall held a positive view on both the stocks. Last month, barring Delhivery, all other stocks gave double-digit returns to investors.
Special pre-open session in RIL on Thursday: How will it impact Nifty50?
RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger scheme, RIL shareholders will get 1 share of the demerged entity Reliance Strategic Investments for every 1 share held by them in the conglomerate.
Sensex zooms 4,000 points in just 1 month. Check out its top 5 gainers
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Govt may delay Hindustan Zinc share sale: Report
The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry’s fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said.
Goldman Sachs initiates ‘Buy’ rating on this largecap PSU; stock jumps 5%
Momentum indicators RSI and MFI showed that the stock was trading in the mid-range of 50 and 67, respectively. A number above 70 indicates that the stock has entered the overbought zone.
Hot Stocks: Brokerage view on IndusInd Bank, Titagarh Wagon, Polycab and ICICI Lombard
Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard.
IndusInd Bank shares jump 3% post Q1 results. Should you buy or sell?
IndusInd Bank on Tuesday reported a 32.5% year-on-year (YoY) rise in the net profit for the quarter ended June to Rs 2,124 crore. An ET Now poll estimated the profit at Rs 2,100 crore. Net interest income, the difference between interest earned and interest expended, rose 18% YoY to Rs 4,867 crore. The bank’s operating […]
Investors most underweight commodities since May 2020: BofA
The survey also found, however, that more investors are expecting a “soft landing” for the economy, with 68% anticipating that scenario while expectations for a “hard landing” faded.
Stocks to buy today: Bharat Forge, Wipro among top 9 trading ideas
The base of the index is shifting higher. It is forming a higher high formation from the last four sessions. “Now, Nifty has to hold above 19,650 zones to extend the move towards 19,850 then 20,000 zones while on the downside support is intact at 19,650 and 19,515 zones,” recommended Taparia.
Golden Crossovers: Sun Pharma among 6 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. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on July 18.