Breakout Stocks: How Bajaj Auto, NBCC and Nestle India are looking on charts for Friday’s trade
The S&P BSE Sensex fell by over 200 points while the Nifty50 managed to hold on to 19600 levels. Sectorally, buying was seen in auto, consumer durables, and FMCG stocks while metal, energy, oil & gas and power stocks saw some selling pressure
Suzuki’s investment in Maruti garnered 2,160x returns in 42 years. Here’s the math
Suzuki raised its stake in JV in several tranches before the IPO. By 1992, it owned around 50% stake, and right before the IPO, Suzuki owned close to 54.2%.
Tech View: Nifty trading near 50-DMA. What traders should do on Friday
On the daily charts, Nifty has taken support at the 19,530 – 19,500 zone, where support in the form of 61.82% Fibonacci retracement level of the previous rise from 19333 – 19850 is placed. We expect Nifty to stage a pullback after the recent sharp correction in the past couple of days.
Nestle India stock hits lifetime high; Here are 3 factors driving the bulls
Nestle India stock rose to a lifetime high of Rs 24,168.15 on the National Stock Exchange. Gains in the stock on Thursday were backed by strong volumes of 2,25,600 shares, way above the six-month daily average volume of 65,749 shares.
Chart Check: 40% rally in 3 months! This tractor stock hits a fresh record high in October; time to book profits?
Medium-term investors can look to buy the stock on dips for a possible target of 3800-4000 in the next 3 months, suggest experts.
PVR Inox Q2 Results: Multiplex swings to black, reports Rs 166 crore-profit; revenue jumps 191% YoY
Revenue from operations during the quarter jumped 191% to Rs 2,000 crore against Rs 686 crore in the same quarter of last year.
Rs 18,900 crore bet! Bharat theme grabs eyeballs as global growth in doldrums
A glimpse of this could be seen in the strong inflows in thematic/sectoral funds. Thematic/sectoral funds have garnered inflows of more than Rs 18,900 crore, so far in 2023.
Bajaj Auto shares jump 5%, hit 52 week high on BofA’s commentary. Here’s why!
In the domestic pack, Kotak Institutional Equities recommended a Sell, while Nuvama and Motilal Oswal took a hold and neutral stance, respectively raising concerns on exports outlook.
IndusInd Bank shares jump over 2% on strong Q2 show. Should you buy the stock?
Among the ones who came out with their post-earnings review of the stocks were BofA, Kotak Institutional Equities and Nuvama and all of them have a buy view on the counter. Meanwhile, Motilal Oswal chose to take a neutral stance on the counter.
What is the best way to approach the current market scenario? Nilesh Shah answers
So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates.