Positive Breakout: Whirlpool India & 4 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.
ETMarkets Smart Talk- We expect IT and pharma to do well amid attractive valuations: Kedar Kadam
As a result, India is not as expensive as it was both in absolute terms and relative to the region. On a Bloomberg consensus estimates the benchmark Nifty50 is currently trading at 12-m forward PE of 20x, near 5-year and long-term averages.
Hot Stocks: Brokerages View on Can Fin Homes, L&T Finance, Tata Motors and Bajaj Consumer
The hair oil market in India is not declining. The brokerage firm expects Bajaj’s volumes to recover. The margins should also see a jump given refined mustard oil (RMO) is down sharply. Given the backdrop, it expects the stock to re-rate hereon.
View: Oops, wrong Hyundai. India’s industrial policy misfires — again
It took a public notice from Hyundai Motor Co. — asserting that the successful bid by Hyundai Global Motors had nothing to do with it — for bureaucrats to realize that they had backed the wrong horse. Of the overall 50 gigawatt-hours of subsidized capacity, 20 gigawatt-hours had been earmarked for the South Korean firm.
Tesla income jumps 20%, but shares fall after hours amid profit concerns
The Austin, Texas, maker of electric vehicles, solar panels and batteries reported net income of $2.7 billion in the quarter, a 20% increase from a year ago. Earnings per share also rose 20% to 78 cents when measured via generally accepted accounting principles. Total revenue rose 47% to $24.93 billion.
Analysts maintain bullish calls on ICICI Pru Life on the back of a renewed business strategy
ICICI Prudential settled at ₹559 on the NSE on Wednesday, down 2.74% from the previous close. More than 49 lakh ICICI Prudential shares exchanged hands on the BSE and NSE, twice the combined daily average volume for the last one month.
L&T Finance net profit doubles on growth in rural loans
Consolidated net profit increased to ₹531 crore in the quarter ended June 30 from ₹261 crore a year ago. The strong growth in retail loans helped the company achieve a retail portfolio mix of 82%. The company is ahead of the stage-gated milestone of reaching the ultimate target of 80% by 2026.
Will `nip in the bud’ the transgressions of managers: HDFC Bank
India’s largest private sector lender HDFC Bank will `nip in the bud’ the transgressions of managers and will build an `inclusive’ organisation that would help it address the attrition, CEO Sashidhar Jagdishan wrote to shareholders. The private lender which has faced a lot of flak over alleged misdemeanour by its managers said that they were […]
IndusInd Bank jumps 4% after robust Q1, analysts say it can rise 27% more
IndusInd shares settled at ₹1,420.70 on the NSE, up 2.19% from the previous close. Over 95 lakh IndusInd Bank shares exchanged hands on the BSE and NSE, nearly three times the combined daily average volume for the last month.
Equity exposure of mutual funds at a record high amid bullish sentiments
The equity portfolio value captures equity exposure of balanced funds, ETFs, index funds along with equity funds.