Marico Q3 Update: Revenue drops even as volumes grow in low single-digit
Towards the end of the December quarter, Marico initiated significant steps towards improving the ROI of its general trade channel partners while structurally re-igniting growth in the channel. This included a primary stock correction for its channel partners.
Tech View: Nifty may find resistance around 21,800-21,850 next week. What should traders do?
The short-term uptrend status of Nifty remains intact, but the market is likely to find resistance around 21,800-21,850 levels in the coming sessions. A decisive move only above 21,850-21,900 levels could open the next upside target of 22,200 levels. Any dips from here could find support around 21,500, said Nagaraj Shetti of HDFC Securities.
Economic growth to remain strong at 6.2% in 2024; private consumption and public spending to provide support
The UN projects India’s economy to grow at 6.2% in 2024, citing robust domestic demand and sectoral growth. Despite a slight downward revision, the forecast underscores resilience, supported by government spending and supply chain diversification.
HAL climbs 6% to fresh 52-week high, joins Rs 2 lakh crore club
HAL stock hit a new 52-week high of Rs 3,078.8 in today’s trade after brokerage UBS initiated coverage on the stock with Buy rating and target price of Rs 3,600.
Demat account openings at record high, total accounts near 14 crore mark
The number of new Demat account openings is directly proportional to the surge in stock prices. Typically, a bull market attracts more number of new investors and whenever the market hits a rough patch the number of active traders and investors also tends to decrease.
Technical Stock Pick: Why long-term investors should not ignore Pidilite Industries?
The specialty chemical stock hit a 52-week high of Rs 2792 on 3rd January 2024. It has risen more than 4% in a week, and over 13% in the last 3 months.
Kay Cee Energy shares list at 367% premium on NSE SME platform
The public offer of Kay Cee Energy and Infra was subscribed 959 times at close. The company received bids for over 200 crore shares against a partly 29.5 lakh shares on offer. The retail and NII parts of the issue were booked 1,600 times and 1,300 times, respectively. Meanwhile, the QIB portion was subscribed 127 […]
F&O stock strategy: How to trade Axis Bank, Oberoi Realty?
On December 4, 2023, Axis Bank’s stock reached a peak at 1151, followed by a throwback period. During this throwback, the stock formed an Adam and Adam Double Bottom pattern near a crucial support zone.
Nifty target for 2024: Can market trek up to 25,000 or will fall below 20K?
Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE on FY26E EPS of Rs 1,250 per share with corresponding Sensex target set as 83,250
Hot Stocks: Brokerages view on HAL, Bajaj Finance, ICICI Bank and M&M Financial Services
UBS initiated coverage on HAL with a buy rating and a target price of Rs 3600. HAL is a credible defence compounder in the making, it said.