Technical Breakout Stocks: How to trade Aster DM Healthcare, ITI and IRFC on Wednesday
ster DM is currently trading at 430 level, having recently experienced a robust breakout above the 423 level, marked by a significant runaway gap. This breakout was accompanied by strong volumes, indicating substantial strength in the stock.
TCS, Wipro and 5 other cos that spent highest on buybacks in past decade
48 companies spent Rs 48,079 crore on buying back their stocks in 2023, according to data from Prime Database. Like Apple in the US, IT giant TCS in India has spent the most on buying back its shares over the past decade. Most firms that have gone for buybacks are typically from the cash-generating and […]
Modi govt plans budget incentives for low-cost housing ahead of elections: sources
The Modi govt may announce an extension to flagship housing scheme in next month’s budget along with an increase in available subsidies for low-cost housing loans. Finance Minister Nirmala Sitharaman, who will present an interim budget on Feb. 1, is likely to raise allocations for low-cost housing by more than 15% to 1 trillion rupees […]
Tech View: Nifty facing resistance around Mt 22K. What traders should do on Wednesday
For a sustained upward movement towards 22,300, Nifty needs to decisively break above 22,150. On the downside, the immediate support is located at 21,950 levels and a clear break below this level could trigger further corrections towards the 21,800 mark.
India’s engineering goods exports grow 10.20% in December amid global challenges
EEPC believes that entering into more free trade agreements, especially with countries in Latin America and Africa, would provide exporters with deeper access to new and emerging markets, Engineering Export Promotion Council of India Chairman Arun Kumar Garodia said.
Vijay Kedia trims stakes in smallcap Talbros Automotive, another multibagger stock
The Kedia Securities chief has brought his holding down by 13 basis points in Elecon Engineering to 1.47% in the December quarter from 1.60% in the September quarter. As for Talbros Automotive, his stake at the end of the December quarter stood at 1.01% down 21 basis points from 1.22% in Q2 of FY2024.
Jyoti CNC shares jump 13% over listing price but analysts are concerned. Should you book profits?
Share Price of Jyoti CNC Automation surged nearly 13% after a successful debut on the exchanges, trading at Rs 418 apiece, up 27% over the issue price. The market optimism is based on the company’s market leadership, global presence in CNC machine manufacturing, and strong client base. Concerns remain regarding the high valuations. Analysts recommend […]
India stocks’ valuation premium over China approaches record
The MSCI India Index trades at a 157% premium over the China gauge on valuations based on forward earnings estimates, just 3 percentage points short of the record reached in October 2022, according to data compiled by Bloomberg.
Bank of Maharashtra Q3 Results: Cons PAT jumps 34% YoY to Rs 1,036 crore
The net interest earned during the reported quarter stood at Rs 5,171.50 crore which was up 25% year-on-year (YoY) versus Rs 4,130.56 crore in the corresponding quarter of the previous financial year. It was up over 2% on a quarter-on-quarter (QoQ) basis versus Rs 5,067.96 in Q2FY24.
Jio Financial shares fall over 6%. Were Q3 results that bad?
Jio Financial Shares Price: Shares of Jio Financial Services (JFSL) fell 6.25% to Rs 250.10 on BSE after reporting a 56% QoQ drop in Q3 profit. The decrease was due to the absence of dividend income on shares held in Reliance Industries (RIL) and increased operating expenses. JFSL plans to focus on secured lending, launch […]