Show of Strength: These 5 auto stocks record their new 52-week high
In Friday’s trading session, the Sensex benchmark index saw a drop of approximately 126 points, ending the day at 66,283. Nevertheless, amid this market decline, 5 stocks from the auto index achieved their highest prices in the last 52 weeks.The 52-week high metric functions as a vital technical indicator for evaluating a stock’s current value […]
Tech View: Nifty giving consolidation signs. What traders should do next week
The positive chart pattern like higher tops and bottoms is intact as per daily chart and Friday’s swing low of 19,635 could be considered as a new higher bottom of the sequence
Chart Check: Down 30% from highs! Is the chart structure suggesting a rebound in Infosys?
Short-to-medium-term traders can look to buy stock on dips for a possible target above Rs 1600 in the next 2 months, suggest experts.
Ambani’s Jio can disrupt India fund distribution, says Edelweiss’ Radhika Gupta
Competition has been intensifying in the mutual fund space with the entry of new players, led by Jio Financial Services Ltd., the Reliance arm which announced a joint venture with BlackRock to set up an Indian asset management venture. The conglomerate owned by Asia’s richest man, Mukesh Ambani, seeks to propel Jio Financial to become […]
Top 3 most-valued stocks erode wealth in last 2 years. Are bluechips new backbenchers?
In the last 2 years, India’s three most valued stocks – Reliance Industries (RIL), Tata Consultancy Services (TCS) and HDFC Bank – have all given negative returns. RIL is down 12%, TCS 2% and HDFC Bank around 6%.
HCL Tech shares jump 3.5% on Q2 results. What should investors do now?
IT services company HCL Technologies on Thursday reported a 10% growth in its consolidated net profit at Rs 3,832 crore for the quarter ended September 2023. The same stood at Rs 3,489 crore in the last year period. Revenue from operations during the period rose 8% to Rs 26,672 crore as against Rs 24,686 crore […]
Plaza Wires shares continue their stellar run, hit 5% upper circuit on 2nd day of trading
Shares of Plaza Wires debuted at a strong premium of 56% over the issue price. The listing was in line with expectations, given the overwhelming response to the IPO. The IPO of Plaza Wires was booked nearly 161 times, making it the most oversubscribed issue of the year and it was listed at Rs 76 […]
IRFC, Shriram Finance among 10 BSE midcap stocks that are trading below industry PE levels
Momentum Pick: MCX jumps 11% in 5 sessions, 70% from 52-week lows. Is there more upside left?
shares of Multi Commodity Exchange of India (MCX) rallied over 11% to hit an all-time high of Rs 2,179.45 on the NSE, remaining unbeaten for five consecutive sessions.
Traders puzzled why RBI spends billions fighting stronger dollar
Volatility in the rupee is hovering near the lowest in almost two decades and the currency has managed to avoid breaching a record low even as rising US rates wreaked havoc in emerging markets. India’s central bank has denied defending any levels but analysts have an array of theories as to what is going on […]