Chart Check: Persistent Systems retests breakout area of 74-week inverse Head & Shoulder pattern; should you buy?
The stock gave a breakout above the neckline of an inverse Head and shoulder pattern on the weekly charts in May 2023 placed around 5000 levels.
5 stocks on which brokerages initiated coverage are expected to rally up to 80%
A host of brokerage firms have initiated coverage on several counters.
17 multibagger smallcaps clock double-digit returns in all 5 months of FY24. Which ones to buy?
Topping the list is Kintech Renewables stock, which has jumped 7 times in FY24 and given more than 40% return so far in the month. The smallcap stock with a market capitalisation of just Rs 1,500 crore hardly has any analyst coverage.
How Sebi’s new fee collection mechanism will impact investment advisors, analysts
Sebi said that this ecosystem will help investors ensure that their payments are reaching only registered IAs and RAs. As a corollary, this would also help investors identify, isolate and avoid unregistered entities, who would be unable to access this closed ecosystem, the regulator said.
HPCL, BPCL, IOC shares fall up to 2.5% after government slashes LPG cylinder prices
Ujjwala scheme subscribers already get Rs 200 subsidy on cooking gas cylinders, while the reduction of Rs 200 in prices of LPG cylinders announced on Tuesday will be on top of that, Information and Broadcasting Minister Anurag Thakur told mediapersons after the Union Cabinet meeting.
Rishabh Instruments IPO kicks off for subscription. Should you bid?
Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, diverse product portfolio and solid financials.
Stocks to buy today: NTPC, IGL among top 9 trading ideas
India VIX was down by 1.41% from 12.39 to 12.22 levels on Tuesday. Volatility moved in its previous day’s range and resulted in a lackluster move in the indices.
At multi-year highs: BHEL among 6 stocks that saw 5-year swing high breakout
Hot Stocks: Brokerages on Zomato, UltraTech Cement, M&M Financial Services and Navneet Education
CLSA maintained an underperform rating on UltraTech Cements but raised the target price to Rs 8400 from Rs 7900 earlier.
Asian shares hit two-week high on Fed pause bets, China boost
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on a three-day winning streak. The index though is down 6% in August and set for its worst monthly performance since February.