Chart Check: Axis Bank gives a range breakout since June to hit a record high; time to buy or book profits?
The private banking stock hit a record high of Rs 1031 on 15 September 2023. It has rallied by nearly 5% in a week and more than 9% in a month.
Changing Trends: There is a decadal shift in PSU stocks and such moves tend to last long: Atul Suri
“When decadal trends start changing, it does not end in a year. It actually gets elongated. The whole PSU basket is not just banks, it is also defence stocks, infra-type plays. So, going with the trend, being humble, accepting what the market is telling you, is what I have learnt.”
Tech picks: Mazagon Dock among 4 stocks that can rally up to 17% in near term
Solid Bets! These 2 cement stocks can rally over 20% each in next 12 months
Cement prices have largely been stable from June 23 to exit across regions, except for the north, where prices have increased in July ’23.
No Monday Blues! 10 PSU bank stocks hit 52-week highs, surge up to 14%
Nifty PSU Bank was the top-performing index on NSE in an otherwise dull session on Monday, with 11 of the index constituents at fresh 52-week highs. Over the longer term, independent market expert Sandip Sabharwal does not recommend to keep on buying PSU banks as from this quarter or next quarter onwards, we will start […]
Hot Stocks: Brokerage view on Fusion Micro, Tata Steel, AU Small Finance Bank and Cipla
InCred initiated coverage on Fusion Micro with an ADD rating and a target of Rs 800. Robust growth was led by deepening penetration and diversified presence.
Positive Breakout: Honeywell Automation and 3 other stocks cross above their 200 DMA
Stocks to buy today: SBI, NMDC among top 9 trading ideas
India VIX was down by 3.69% from 11.32 to 10.90 levels in the previous trading session. Volatility cooled off in the latter part of the week and provided comfort to the bulls at support zones to touch fresh all-time high zones.
At multi-year highs: Bharti Airtel among 8 stocks that saw 5-year swing high breakout
Big movers on D-Street: What should investors do with Bajaj Auto, Restaurant Brands and SpiceJet?
Stocks that were in focus included names like Bajaj Auto, which rose 6.29%, Restaurant Brands, which gained 6.36%, and SpiceJet, whose shares jumped 0.42% on Friday.