InterGlobe Aviation Q1 Preview: Airline to post profit vs loss a year ago on higher traffic, airfares
The operator of IndiGo airlines is seen reporting a consolidated net profit of Rs 1,769 crore compared to a loss of Rs 1,064 crore a year ago. Sequentially, the net profit is seen rising 23%. Consolidated revenue is likely to grow 22% year-on-year (YoY) and 11% sequentially to Rs 15,895 crore, according to the average […]
Ahead of the Market: 10 things that will determine D-Street action on Wednesday
A small negative candle was formed with a minor lower shadow. Technically, this pattern signifies a lackluster movement in the market at the hurdle of the down-sloping trend line around 19800 levels
Sebi floats consultation paper to improve safeguards within Account Aggregator framework
Securities and Exchange Board of India (Sebi) has released a proposal aimed at improving the safeguards within the account aggregator (AA) framework in securities markets to counter scams and mis-selling.
Tech View: Nifty forms small bearish candle. What traders should do on Wednesday
“The short-term trend of Nifty remains choppy. Some more consolidation movement or minor weakness is likely before showing a decisive upside breakout of the crucial overhead resistance around 19,850 levels in the short term. Immediate support is placed at 19,600 levels,” said Nagaraj Shetti of HDFC Securities.
India’s 2023 gold demand could fall 10% to 3-year low – WGC
The lower purchases in the world’s second-biggest gold consumer could limit a rally in global prices. Falling demand for gold imports could also help to narrow India’s trade deficit and support the rupee.
Sharekhan strategist shares stocks, strategy that help 7 baskets beat the Street
The 3 things that the InvesTiger app is designed to make effortless are: 1) identify the right stocks form the right sector; 2) active track the stocks; 3) Provide research alerts to take timely action (in terms of booking profits or even loss, if required) which is essential part of disciplined investment approach.
Should you buy, sell or hold Maruti Suzuki shares post Q1 earnings?
Automaker Maruti Suzuki’s net profit for the quarter ended June 2023 surged more than 2-fold YoY to Rs 2,485 crore, and was slightly higher than the ET Now poll estimate of Rs 2,444 crore. The revenue from operations rose 22% on year to Rs 32,327 crore and was higher than the estimated Rs 31,778 crore.
Ujjivan Small Finance Bank’s rally remains unassailable as stock gains 22% in 6 sessions
Following Ujjivan’s earnings, several top brokerages recommended a ‘Buy’ stance on the counter. While Emkay retained its buy rating on for a target price of Rs 58, HDFC Securities has an ‘Add’ recommendation for a target of Rs 50. ICICI Securities was most bullish in terms of targets and pegged it at Rs 60.
Chart Check: ‘W’ shaped pattern seen on NMDC weekly charts; what should investors do?
The stock hit a 52-week high of Rs 131 on 13th January 2023 but failed to hold on to the momentum. It found support above Rs 100 level once in May 2023 and then again in June 2023.
Positive Breakout: DMart, Coal India & 6 other stocks cross above 200 DMA
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.