BEML among 7 defence stocks that surged 50-178% in FY24
Defence stocks have been in the spotlight in FY24 as the top performers from the pack have surged as much as 179% so far. (Source: Ace Equity). Despite this stellar rally, many can experience a decline in the near term, according to Trendlyne data. Take a look:
Main drivers of growth in Q2 and Q3 likely to be domestic: Saugata Bhattacharya
“The future growth in Q2, Q3 etc. will be balanced between consumption and investment and if consumption remains robust and if capacity utilization as the RBI surveys suggest, it’s moving towards that 78% threshold. Some amount of private investment will also happen, although nothing very spectacular before the general elections are likely to come in. […]
Right policies, approach to help India achieve $2-trillion exports by 2030: CII EXIM panel chairman
“With the right policies, coupled with fearless and proactive approach and implementation, India can stay on positive growth trajectory to achieve the ambitious export target of USD 2 trillion by 2030,” he said at a workshop on export control on dual-use items.
Tech View: Nifty ends in green after 5 weekly losses. What traders should do on Monday
After showing a false downside breakout of 19250 levels on Thursday, the market seems to have reversed sharply on the upside, says Nagaraj Shetti, Technical Research Analyst at HDFC Securities
Rishabh Instruments IPO picks up pace on Day 3. Check subscription, GMP and other details
The category reserved for retail investors was subscribed 5.46 times, and that of non-institutional investors was booked 14.93 times. The demand from qualified institutional buyers, which was muted for the first two days, also gained momentum with 4.21 times subscription.
BSE raises buyback offer price to Rs 1,080 as stock jumps 52% in two months
The record date for the purpose of determining the entitlement and the names of the shareholders who will be eligible to participate in the proposed buyback has been kept as September 14, 2023.
Piramal Enterprises among 5 stocks whose buybacks are currently open. Do you own any?
A share buyback is a corporate action in which a company buys back its own outstanding shares to reduce the number of shares available in the open market.
Chart Check: High-risk traders can catch erly trend in Grasim Industries; stock could hit record highs in next 3 months
The stock is trading above support levels; hence, a bounceback could be on the cards. Short-term traders with high-risk profiles can buy the stock for a bounce back towards a fresh record high towards 1900 levels, suggest experts.
BHEL extends rally to 6th session, jumps 8% on order win from NTPC
The stock was trading in an overbought zone with day’s RSI and MFI at 73.6 and 81.8 according to Trendlyne data. A number above 70 is considered to be an overbought zone for the stock. BHEL is also trading above its 50-day and 200-day Simple Moving Averages (SMA) according to Trendlyne data.
Hot Stocks: Brokerages view on Dixon Technologies, United Spirits, Godrej Properties
Dixon Technologies, and Amber Enterprises are incumbents while SYRMA SGS Technology, Kaynes Technology India and Avalon Technologies have been listed recently.