Tech View: Nifty pullback rally may continue. What traders should do next week
The short-term trend of Nifty seems to have reversed on the upside and the sustainability of this upside bounce could be crucial to call this an important bottom reversal. Nifty is likely to move up further towards the next overhead resistance of around 19,230 levels. Any weakness from here could find support around 18,850 levels, […]
Asian Paints’ decline continues post Q2 earnings. Should you buy, sell or hold?
Asian Paints on Thursday reported a 53.3% year-on-year (YoY) rise in consolidated net profit for the quarter ended September 2023 at Rs 1,232.4 crore. The profit was below the ET Now Poll estimate of Rs 1271 crore.
Punjab National Bank shares jump over 6% after multifold jump in Q2 profit
Operating profit (before provisions and contingencies) jumped 12% to Rs 6,216 crore in the reporting period against Rs 5,567 crore in the last year period. Provisions during the second quarter fell nearly 30% year-on-year (YoY) to Rs 3,444 crore. The same stood at Rs 4,906 crore in the corresponding quarter of previous year.
Here’s why Pankaj Tibrewal is bullish on financial stocks
But what we do is we normalize those earnings which are more volatile in nature. Let me give you a small example. If there is a telecom company which is a part of mid cap index and it reports a loss of say Rs 60,000 crore last year, and if that loss comes to Rs […]
Shriram Finance shares jump 9% post Q2 earnings. Should you buy?
Shriram Finance’s net profit increased 13% year-on-year to Rs 1,751 crore in the quarter ended September driven by strong demand for vehicle loans.
Stocks to buy or sell today: Voltas, Bata among top 3 trading ideas
India VIX was up by 3.71% from 11.31 to 11.73 levels on Thursday. Volatility spiked to 12.7 zones during the day and paved the way for the bears to completely take over the market.
Big movers on D-Street: What should investors do with BSE, Jubilant Food and Britannia?
Stocks that were in focus included names like BSE, which rose 1.97%, Jubilant Food, which declined 3.84%, and Vodafone Idea, whose shares dropped 0.53% on Thursday.
Avocados to buckwheat: India is shipping in more fitness and less binge
In the first five months of FY24, imports in value terms were up 70% for avocado from a year earlier, while more than doubling in case of shelled almonds, and growing 80% and 62% for pistachio and olives, respectively. Imports of cereals such as buckwheat and millets have also grown sharply, albeit on a smaller […]
Dalal Street shaken & stirred as US bond yields rebound
Fears that the Hamas-Israel conflict may widen into a bigger regional turmoil added to the negative sentiment. The fall in global crude prices did not aid sentiment.
Analysts price in 20% upside for Axis Bank post Q2
The average price target on Axis Bank of all analysts compiled by Bloomberg following the second quarter results is ₹1,169.78, implying an upside of almost 20.18% over Thursday’s closing.