Big Movers on D-Street: What should investors do with Infosys, Indiamart and JSW Steel?
The counter is in a downward trend and from the last trading session it has broken a demand level at around Rs 1350 and also given a closing below the same level. The overall structure is distorted as it trades below its all-important moving averages, however, it has a next demand zone near 1300-1280. On […]
ETMarkets PMS Talk- This fund manager reveals the ‘VIABLE’ investment philosophy for selecting stocks
We launched the fund on 20th March 2023 and as of 12th July 2023 an INR 50 Lac portfolio invested on the launch day has now become an INR 64 Lacs portfolio (28% Return) vs the benchmark return close to 16%.
Stocks to buy today: GAIL, L&T among top 6 trading ideas for Monday
On the monthly front, the maximum Call OI is placed at 19900 and then towards 19800 strikes while the maximum Put OI is placed at 19800 and then towards 19700 strikes.
APL Apollo among 10 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.
Before 20,000 a retreat in store for Nifty: Analysts
Nifty has almost tested the new milestone of 20,000 and gained over 7% in the last four weeks, which has pushed the oscillators into the overbought zone. The sharp dip in IT has derailed its momentum, and we could see a breather in auto and FMCG.
High demand, dip in input costs may lift UltraTech margins
For the past four quarters, margins of cement firms have been largely impacted by high raw material costs. But in the year-to-date (YTD) period in 2023, pet coke and thermal coal prices have fallen close to 40%. This should provide relief to cement firms and elevate their margins.
Go First looks at external funding for contingency plan
Go First, the first Indian airline to file for voluntary insolvency proceedings, is reaching out to asset reconstruction companies and distressed debt funds for short-term priority funding, focusing on alternative sources of funds to ensure revival is not impacted by procedural issues. Lenders, Bank of Baroda and Central Bank of India, have agreed in principle […]
Vedanta Resources rolls over group company debt at big interest markup
By extending inter-company loans, VRL can address outstanding external debt requirements, including a $1bn bond due in January 2024. The move could also enable VRL to borrow $2.4bn, upfront, using brand fee receivables to repay outstanding debt obligations.
FPIs may wait for some steam to blow off a red-hot Street
With the near-uninterrupted 17% rally from the 2023 lows in March taking domestic benchmark indices to record highs and pushing share valuations to elevated levels, there are concerns that the market may be overheated in the near term which could result in foreigners moderating their purchases of local stocks.
RIL stock could take a breather as D-Street digests Q1 results
The perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.