Breakout Stocks: How IRB Infrastructure, Triveni Engineering and Suzlon are looking on charts for Thursday’s trade
Suzlon stock went up to 5% in a single day and the overall sentiment of the stock is looking bullish. It took support above a trendline and for the past few days, it has been hitting the upper circuit. The stock is experiencing good buying pressure. The stock is heading toward its next target of […]
10 commodity stocks hit their 52-week high on Wednesday
During Wednesday’s trading session, the Sensex benchmark index experienced a notable decline of around 551 points, concluding the day at 65,877. Surprisingly, despite the overall market downturn, 10 stocks included in the BSE commodities index reached their highest prices within the last 52 weeks.The 52-week high is of great importance for particular traders and investors […]
Tech View: Nifty charts hint at further weakness ahead. What traders should do on Thursday
The Futures Open Interest (OI) in the Nifty indicated a buildup of fresh short positions in index futures. Call writers were seen offloading their positions at the 19,800 strike, leading to a strong down in Nifty today. A double-top structure around the 19,850 levels is visible on the daily chart. A breakdown below the previous […]
Vijay Kedia trims stake in 2 smallcap stocks in September quarter
Vijay Kedia reduced stake in two smallcaps, namely Tejas Networks and Elecon Engineering Company during the September quarter by 12 bps and 18 bps, respectively. Kedia publicly holds 15 stocks with a net worth of over Rs 1,404.1 crore.
Paytm is Sanjiv Bhasin’s top bet on 4th day of Navratri; here’s why
Sanjiv Bhasin, Director at IIFL Securities, believes that Paytm is currently at a fair value of Rs 850-900. The company’s management has highlighted that India is now leading in digital transactions, surpassing China. Paytm’s QR code technology and newly formed NBFC are seen as positive factors. Bhasin predicts that the stock could reach Rs 1,500 […]
Orient Cement shares jump 9% as promoter CK Birla taps Adani for stake sale
The transition will trigger an open offer for an additional 26% stake in accordance with takeover laws, which mandate an incoming promoter or controlling entity to buy the additional shares from existing minority investors.
Chart Check: Lodha gives a breakout from consolidation pattern; likely to head towards record highs in October
The stock rose over 4% in a week and over 17% in the last 3 months, which helped the stock to break out from a consolidation pattern last week.
Bajaj Finance Q2 earnings meet Street estimates. Should you buy this stock?
Bajaj Finance shares declined even as the NBFC firm posted a strong performance in the September quarter. While Jefferies and CLSA reiterated their buy views on Bajaj Finance, domestic brokerage Motilal Oswal remains the most bullish in terms of targets among others. However, the chinks in its armour remain on the margins front, according to […]
HUDCO shares tank over 9% after govt launches OFS to sell up to 7% stake
Under the OFS, the government will offload seven crore equity shares, representing about 3.5% of equity with an oversubscription option of another 3.5%. Based on the base offer and oversubscription option, the government plans on selling up to 14.01 crore shares.
IRM Energy IPO opens for subscription today. Should you bid?
IRM Energy IPO opens for subscription today and will close on Friday. The company, which is an emerging player in the city gas distribution segment has priced its IPO at Rs 480-505 per share. It looks to raise Rs 545 crore via the initial stake sale. The issue is completely a fresh equity sale of […]