FIIs chased 37 Nifty50 stocks in Q1, will they continue or reverse their strategy?
After shedding 4% in the March quarter and testing the lowest level since September 2022, the benchmark Nifty50 rebounded sharply and surged more than 10% in the June quarter. In fact, from the March lows, the index is up about 19%, thanks to the continued inflows from FPIs.
Concord Biotech IPO opens. Should you subscribe to the issue?
Analysts advised investors to subscribe to Concord Biotech IPO given its complex product portfolio, presence in niche space, strong client relationship and high entry barriers. The company is one of the leading global manufacturers of select fermentation-based APIs (F-APIs) across immunosuppressants and oncology with a market share of over 20% by volume in 2022.
ETMarkets Management Talk-Newgen CEO confident of strong Q2 after 33% growth in Q1
We saw little impact since 60% of our revenue comes from the India, APAC, and Middle East markets that continue to perform well. The slowdown in the US and Europe has not affected us much since our exposure to the US is small, and we plan to build some momentum in that market.
Zomato’s Q1 results enhance investor appetite as share jumps 8%. Should you buy?
The food delivery platform reported a consolidated net profit of Rs 2 crore for the quarter ended June 2023 against a loss of Rs 186 crore in the corresponding quarter of the last financial year. The company reported a loss of Rs 189 crore in the quarter ended March.
FPIs buy Indian shares for fifth month in July, lift benchmarks to fresh highs
Between March and July, FPIs have been net buyers of Indian equities in each of the five months, purchasing shares worth 1,553.08 billion rupees and triggering a 14.15% rise in Nifty 50 index.
Hot Stocks: Brokerages view on Bharti Airtel, Nykaa, Ambuja Cements and Gujarat Gas
The telecom major recorded its highest-ever post-paid subscriber gains. There is substantial growth seen in the home broadband and Airtel enterprise businesses.
Golden Crossovers: Emami among 4 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.
At multi-year highs: MRF among 4 stocks that saw 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
India reviews production incentive scheme amid overhaul push – source
The scheme is crucial to boosting the broader Indian economy which has been starved of private investment for nearly a decade and is struggling to create adequate jobs, particularly in manufacturing.
Stocks to buy or sell today: Voltas, ONGC among top 9 trading ideas by experts
On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,700 strikes while the maximum Put OI is placed at 19,400 and then towards 195,00 strikes.