How MFs & FIIs played their cards in bank stocks in Q1
FIIs have been steadily increasing their stake in Axis Bank in the last few quarters. In September quarter last year, they were holding 46% stake in the bank, and their current holding is likely at an all-time high.
Golden Crossovers: Voda Idea among 8 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 27.
Nestle’s Q2 earnings beat Street’s estimates. Should you buy stock?
Jefferies recommended a ‘Hold’ on Nestle India for a price target of Rs 19,900. The company witnessed a volume miss offset by margin expansion, the brokerage noted. Revenue growth was broad-based across cities and towns and also product segments. Like the packaged food story, but valuations are expensive, it said.
Hot Stocks: Brokerages on Shriram Finance, ACC, Nestle India, and Laurus Labs
HSBC maintained a buy rating on Shriram Finance with a target price of Rs 228. A 4% profit beat was led by lower provisions despite higher-than-estimated operating costs.
ETMarkets Smart Talk- We have a Nifty50 target of 20,200 by December 2023: Neeraj Chadawar
The Indian market performance has shown resilience in the last couple of months. It has outperformed the major global market by healthy margins, thanks to the country’s robust and superior outlook vis-à-vis other emerging economies.
Positive Breakout: These 5 stocks crossed above their 200 DMA
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 Fund Manager Talk-Despite frothy valuation, exciting themes available in mid/smallcap segments: Mihir Vora, Max Life Insurance
India has had a stellar run versus emerging markets since 2020 and the outperformance was huge. With China providing some hope, there was some rotation towards China in the early part of 2023, which proved short-lived.
REC & 8 other stocks witness 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.
Big Movers on D-Street: What should investors do with Cipla, RVNL and M&M?
In the short-term period, the stock has formed a strong price volume breakout pattern. The texture of the pattern suggests breakout action will continue in the near term if the stock succeeds to trade above the 1130 level.
Cipla surges 10% with rise in price targets
The average price target of the 28 analysts, whose ratings and price targets that have been compiled by Bloomberg, is ₹1,161. The stock closed at ₹1,171.55, up 9.6% over the previous close.