F&O Stock Strategy: How to trade Deepak Nitrite, Divi’s Laboratories today
Deepak Nitrite stock has experienced a notable breakthrough, surpassing a horizontal trendline on the daily scale. This breakthrough was not only characterized by a substantial increase in trading volume, indicating strong market participation, but also accompanied by the formation of a sizable bullish candle on the breakout day.
Big movers on D-Street: What should investors do with Inox Wind, JSW Energy and Manappuram?
Stocks that were in focus include names like Inox Wind, which rose 2.81%, JSW Energy, which jumped 1.51%, and Manappuram, whose shares fell 2.63% on Tuesday.
Another feather in India’s m-cap: D-Street turns 5th biggest market with 3.8% share of global market cap
The difference between the market cap of Hong Kong and India has narrowed sharply to $500 billion compared with $1.9 trillion a year ago. India’s market cap is up 0.52 percentage point in 2023 following the relentless domestic market rally that has lifted benchmark indices by 16%. India’s long-term average share in global market cap […]
F&O stocks to buy today: ONGC, Bank of Baroda among top 6 trading ideas
Nifty future closed positive with gains of 0.45% at 21499 levels on Tuesday. India VIX was up by 7.08% from 13.70 to 14.68 levels. Volatility spiked to higher zones and created some swings in the market.
Goldman’s painful lesson on China forces rethink of emerging markets
At the beginning of the year, Goldman was among the chorus of Wall Street banks pinning their hopes for a bright 2023 in part on recovery in China, with strategists including Kinger Lau predicting a 15% rally in the Chinese stock market. The expectation was that a bounce in the world’s second-largest economy would be […]
Flexi-cap schemes a better option than large-cap peers
According to Bloomberg data, the Nifty Midcap 150 index currently trades at a price-earnings (P/E) multiple of 34.5 compared with its five-year average P/E of 33.7. The Nifty 50 index trades at the five-year average multiple of 24.6.
Haitong’s price target on Siemens implies a 20% upside
Reiterating its ‘outperform’ rating on the stock, Haitong said it expects Siemens to post revenue and earnings growth of 20% and 22%, respectively, over FY23-26 on a compounded basis. “Enquiries are strong, and Siemens believes the private capex is at an inflection point,” said Haitong’s analysts Rahul Gajare and Maulik Shah in a note to […]
Surging corporate profits to help ease RBI’s inflation fight
Indian companies have lately boosted margins from the 2020 trough, but volumes have consistently trailed the exponential growth in operating profitability. India’s corporate profits to gross domestic product (GDP) ratio, which had fallen to below 2.5% toward the end of the last decade on deteriorating bank assets and higher input costs, has since recovered to […]