Technical picks: ITC, Apollo Tyres among 4 stocks that can rally up to 15% in short term
A host of analysts shared their tech views on several stocks which may gain up to 15% in the near term
Hot Stocks: Brokerages view on Honasa Consumer, Paytm, Info Edge and Birlasoft
Jefferies maintained a buy rating on Honasa Consumer with a target price of Rs 530. “Honasa is still evolving in its offline journey and will make mistakes in the online. Given the online mix, pushing inventory may not yield much, based on our calculation,” said the note.
F&O stocks to buy today: ITC, Apollo Tyre among top 4 trading ideas
The S&P BSE Sensex rose nearly 500 points while the Nifty50 rose above 20,200 levels on Friday. The Nifty future closed positive with gains of 0.44% at 20360 levels.
F&O Ban: Delta Corp under trade ban on Monday
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Big movers on D-Street: What should investors do with HAL, Tata Communications and Delta Corp?
Stocks that were in focus included names like HAL, which rose 3.41%, Tata Communications, which fell 3%, and Delta Corp, whose shares increased 2.19% on Friday.
Bitcoin breaks $40,000 as momentum builds
The world’s biggest currency hit as high as $40,210 in Sunday trade, its highest since April 2022. It was steady at $40,011 in thin trade early in the Asia day on Monday.
Sony India’s net profit jumps 31% as buyers lap up premium products
As per the company’s latest regulatory filings to the Registrar of Companies (RoC), Sony India revenue expanded 23% to ‘6,353 crore in the year under review, reaching pre-pandemic FY19 levels, while net profit went up by 31% to ‘136 crore.
Trent’s fifth Tata Group company to touch Rs 1 trillion m-cap
The total market value of all listed Tata Group companies is over ₹25 lakh crore. Software major Tata Consultancy Services, at nearly ₹13 lakh crore, commands more than half of the Tata Group’s total market capitalisation.
Too much skin in the game? Sebi open to an easier regime, reviews MF rule
The capital markets regulator’s proposed easing of rules follows feedback from the industry on the growing challenges in the implementation of the rules. Potential hurdles include higher costs, hardships for the employees affected, and likely flight of talent away from the asset management industry.
Manufacturing push can offset BoP pressure: Jaspal Bindra, Centrum Group
The new risk weightage norm is not a big challenge for Unity as we don’t have a big legacy book. But it will put a little deterrent to market players because 25% higher risk weightage always forces a rethink in the way business is done. At Unity, we are planning to get into personal loans. […]