F&O Stock Strategy: How to trade Wipro, IndiGo and other counters on Tuesday
As the holiday season kicks in, the Indian equity market is not expected to see much action on Tuesday owing to the likelihood of muted response from FIIs.
Hot Stocks: Brokerages view on ONGC, Oil India, Can Fin Homes and J Kumar Infra
CLSA maintained a buy rating on J Kumar Infra but raised the target price to Rs 720 from Rs 385 earlier.The company is an inexpensive play on the high-growth urbanisation Capex with a foothold in metro rail, it said.
Big Movers on D-Street: What should investors do with GAIL, Polycab and Allcargo Logistics?
Stocks that were in focus include names like GAIL, which rose 7%, Polycab, which fell 4%, and Hindustan Copper, whose shares jumped 8% on Friday.
Equirus Securities expects 17% upside in IndiaMart by March 2025
The brokerage said IndiaMART is trading at a premium to multiples of classifieds-based models listed globally and in India, barring Info Edge. But its premium valuations are justified, given a healthy earnings growth outlook, strong cash generating abilities, and superior returns profile, it said.
CreditAccess gets it right with more borrowers, stable assets
The company has presence in 364 districts across 16 states and one union territory. Of the total 1,877 branches, nearly two-third are located in Tamil Nadu, Karnataka, Maharashtra, and Madhya Pradesh. However, the company’s presence in other regions has been rising. The share of other states in the total number of branches increased to 37.3% […]
How to read the PE ratio for smart investing
The PE ratio is calculated by dividing the price of a stock or an index by the earnings per share , or EPS, (net profit divided by the number of common shares outstanding). For example, if a stock is trading at ₹50 and its earnings per share is ₹10, then the PE ratio is 50/10=5.
India’s resilient economy seen expanding 6.7% in FY24
“India’s growth has remained largely resilient in the face of external headwinds,” said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics, Barclays. Last month’s release of second quarter numbers led to a spate of forecast revisions for the fiscal year. Ratings agency Fitch expects the economy to grow 6.9% in FY24, compared […]
Breakout above 21,600 could take Nifty to 22,000-22,200
Nifty has rallied from 18,850 to 21,593 in the last two months. After this 2,700-point rally, the index closed with a indecisive candlestick last week. FII index longs have reached 65.5% level, which is near the upper range. Nifty is likely to trade volatile in the 20,950-21,600 range in the coming weeks.