Tech View: Nifty forms long bull candle ahead of monthly expiry. What traders should do on Thursday
Positive chart patterns like higher tops and bottoms are intact as per the daily chart and currently, Nifty is moving towards the new higher top formation. Still, there is no confirmation of any higher top reversal at the highs. Having breached above the immediate resistance of 21,550-21,600 levels, there is a possibility of more upside […]
Credo Brands share price rises 6% after flat listing. What should investors do?
“Despite the disappointing listing, Credo Brands still possesses its core strengths, including a strong brand, a wide distribution network, and consistent financial performance. However, the flat debut highlights the potential risks associated with the highly competitive market, seasonality, and current market sentiment,” said Shivani Nyati, Head of Wealth, Swastika Investmart.
Market wrap: Property wins big, Adani lags in stellar year for Indian stocks
Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs. Stocks related to real estate, industrials and capital goods are among those leading the gains, while Adani Group companies — the heavy hitters of 2022 — are mostly finishing with losses despite a rebound […]
Metal stocks extend winning streak to 4th session; what’s attracting the bulls?
Among base metals, Hindalco Industries rose more than 3% and scaled a 52-week high of Rs 603. National Aluminium Co rose over 1% to Rs 116.85. Steelmakers across the board gained, with Tata Steel, Steel Authority of India, and JSW Steel rising 1-2%. JSW Steel shares also hit a lifetime high of Rs 636.
Tata Steel, Tata Motors among 6 Nifty50 stocks that hit new 52-week highs on Wednesday
Nifty50 index today hit a fresh all-time high of 21,602, with banks, auto and metal stocks leading the charge.
Tech Pick: 10% rally in a week! Voltas forms Bullish Mat Hold Pattern which signals positive trend
The consumer durable stock rose from Rs 859 as of December 15, 2023 to Rs 947 recorded on 22nd December 2023 which translates into an upside of over 10% in a week.
Happy Forgings share up marginally after decent listing. Should you buy or book out?
Happy Forgings IPO had received a strong subscription of 82 times and was driven by institutional investors. The categories reserved for retail investors and NIIs were subscribed 15 times and 62 times, respectively. The QIB portion was booked 220 times.
These 6 penny stocks delivered highest dividend yield in 2023. Do you own any?
Cement stocks rally up to 5%. What’s behind the strength?
Following the upgrades, Ultratech shares jumped 3.5% to hit a 52-week high of Rs 10,379.70 on BSE. Dalmia Bharat stock rose 3% to Rs 2,301.70, while that of The Ramco Cements went up by 5% to Rs 1,037.45. Shree Cement was also trading about 1% higher.
Hot Stocks: Brokerages on Tejas Networks, Dwarikesh Sugar, Barbeque-Nation and Saregama India
Emkay initiated coverage on Tejas Networks with a buy rating and a target price of Rs 1050. The company expects to execute orders worth at least Rs.29,200 crore over FY24-28.