Technical Stock Pick: Tata Motors almost doubles in 1 year; should you buy, sell or hold?
Short-term traders can buy the stock for a target of Rs 870. The stock rose from Rs 412 to Rs 817, reaching a fresh record high of Rs 818.95. It witnessed a breakout on the daily charts and is trading above crucial moving averages. The daily RSI is at 77.1, indicating overbought conditions. The daily […]
India 10-year bond yield hits 4-month low on easing inflation outlook
India’s 10-year government bond yield falls below 7.15% due to lower inflationary pressures and easing core prices, indicating lower inflationary pressure in the future. The annual retail inflation in India rose 5.69% in December, but core inflation was estimated at 3.8%-3.89%, lower than in November. As inflationary pressures ease, the chances of a change in […]
HCL Tech shares jump 5%, hit 52-week high on strong Q3 earnings. Should you buy, sell or hold?
Jefferies has maintained a hold view on HCL Technologies for a price target of Rs 1,500. The Q3 results beat estimates of Jefferies on higher-than-expected margins in the software segments while revenue beat in software offset the miss in services.
Medi Assist Healthcare IPO opens for subscription. Should you apply?
Medi Assist Healthcare IPO: The IPO of Medi Assist Healthcare, a third-party administrator providing services to insurance companies, opens for subscription. The company has raised Rs 351 crore from anchor investors, including Nomura, Goldman Sachs, and HSBC. The IPO is an OFS and the company will not receive any funds. Analysts recommend subscribing to the […]
Hot Stocks: Brokerages view on SBI Cards, Wipro, HCL Technologies and Polycab India
Brokerage firm Jefferies maintained a hold rating on HCL Technologies and an underperform rating on Wipro post-Q3 results. Goldman Sachs maintained a buy rating on Polycab India and UBS initiated coverage on SBI Cards with a neutral rating.
F&O stocks to buy or sell today: MCX, IOC among top 7 trading ideas
Positive setup was seen in Infosys, OFSS, Coforge, ONGC, Birla Soft, HCL Tech, Persistent Systems, TCS, PNB, Tata Consumer, LTTS, Canara Bank, L&T, IOC, Bharti Airtel, Trent and IndusInd Bank. On the weekly options front, the maximum Call OI is placed at 22500 strikes and then towards 22300 strikes while the maximum Put OI is […]
Q3 results today: Jio Financial, Angel One among 24 companies to announce earnings
Among other earnings that are likely to be tracked include those from Angel One, Kesoram Industries and PCBL.
Big movers on D-Street: What should investors do with Tata Consumer, Polycab and HDFC AMC?
Stocks that were in focus included names like Tata Consumer, which rose 3.11%, Polycab, which gained 2.63%, and HDFC AMC, whose shares declined 1.1% on Friday.
Tata Consumer plans Rs 3500 crore rights issue
The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength of its new portfolio, MD and CEO Sunil D’Souza told ET.
Medi Assist riding tailwinds of health insurance growth
Medi Assist earns 3-3.5% fees on the insurance premiums serviced by it. For FY23, the company earned nearly 75% of its revenues from group insurance schemes – the fastest growing segment in health insurance – and roughly 11% each from retail and government-sponsored schemes.