Chart Check: After 18% rally in 3 months, ascending triangle breakout makes Linde India an attractive buy
The stock also gave a breakout from an ascending triangle pattern on the weekly charts. The neckline of the ascending triangle pattern was placed above Rs 4,200 levels which happened in June 2023 and since then the stock has been trading above this level.
6 stocks on which brokerages initiated coverage may rally up to 47%
They see a strong potential for value unlocking in these companies, which includes Havells India, Century Plyboards and Titagarh Rail Systems, with a targeted upside of up to 47%.
Why ITC chose not to demerge hotels in Mukesh Ambani’s buy 1 get 1 style
After Ambani’s ‘buy 1 get 1 offer’ for shareholders of Reliance Industries (demerger ratio of 1:1), investors were expecting ITC also to opt for a 100% vertical split. But ITC management chose to keep 40% ownership with itself and give away the remaining 60% to existing shareholders.
L&T margins should improve in Q4 of current year and next 4 quarters: CFO
“I believe that from Q4 of the current year, the mix of orders that we are executing will become a little more biased towards better priced contracts. So to that extent, the last quarter of the current year and the next four quarters of the following year should indicate improvement in our margins.”
Strong Q1 show drives Tata Motors to fresh 52-week high. Should you buy?
Following the quarterly results, Morgan Stanley retained an ‘Outperform’ rating on Tata Motors stock while Jefferies took a ‘Buy’ view. Among the domestic brokerages, Motilal Oswal and Nuvama recommended ‘Buy’ while ICICI Securities has suggested an ‘Add’.
This is as good a bull market as it gets; there’s no threat to it: Dipan Mehta
The buoyant market conditions will continue, says Dipan Mehta, Director at Elixir Equities, and predicts a trend of vibrant IPOs, new listings and preferential issues. Mehta considers buybacks a way for managements to boost profits at a time when global macroeconomic trends may impact performance, but warns against investing in Tata Motors, one of the […]
Yatharth Hospital IPO opens for subscription. Should you bid?
“On FY23 financials, the IPO is valued at 39.2x P/E, 20.9x EV/EBITDA and 5.4x EV/sales,” Reliance Securities said while assigning a ‘subscribe’ rating. Yatharth Hospital & Trauma Care Services is a private hospital which provides healthcare services and is based in the northern region of India.
L&T shares jump 4% to 52-week high post Q1, buyback announcement. How to trade now?
L&T reported a 46.5% year-on-year (YoY) growth in consolidated net profit for the quarter ended June 2023 to Rs 2,493 crore. Consolidated revenue increased a sharp 34% to Rs 47,882.37 crore. The net profit and sales were way higher than the ET Now poll of Rs 2,138 crore and Rs 41,023 crore, respectively.
Tata Motors DVRs to be cancelled: What it means for holders; how should one trade?
Tata Motors DVRs trade at a price almost half of that of ordinary shares, and therefore, provide arbitrage opportunities to investors. Under the scheme of arrangement, the DVR holders will get seven fully paid-up ordinary shares of the company, for every 10 DVRs they hold.
How should investors approach the broader markets? S Naren explains
So, froth has just not gone away at all. What happens is there is possibly froth in some of the companies. There could be good companies, there could be companies with froth and that is a challenge when investors are investing in midcap and small cap.