IRFC, Polycab among 7 stocks that could enter Nifty Next50 index
As we approach the cutoff date (January 31) for Nifty Indices March 2024 rejig, here’s a look at estimates from Nuvama on which stocks could enter the Nifty Next50 index:
These 4 auto stocks hit 52-week highs; rallied up to 15% in a month
On the special trading session held on Saturday, the Sensex benchmark index witnessed a drop of around 260 points, concluding the day at 71,423. Nevertheless, amid this downturn, four stocks listed in the BSE auto index reached their peak prices in the last 52 weeks. The 52-week high is a crucial technical indicator for both […]
Tech View: Nifty forms bearish engulfing pattern on charts. What traders should do next week
The short-term trend of Nifty remains choppy. Having faced weakness after a small rise on Saturday signalled a weak bias for the market ahead. At the higher levels, the market could encounter strong overhead resistance around 21,750-21,850 levels and on the downside it could find support around 21,300 levels in the near term, said Nagaraj […]
Kotak Mahindra Bank to raise Rs 10,000 crore via NCD
“This is to inform you that the Board of Directors of Kotak Mahindra Bank have, at their meeting held today, inter alia, approved a proposal to enable the Board of Directors of the Bank to raise funds by way of issuance of Unsecured, Redeemable, Non-Convertible Debentures, on a private placement basis, for an amount up […]
Franklin sees value in India lenders amid $26 billion stock rout
HDFC Bank Ltd. tumbled this week following third-quarter earnings that disappointed investors on liquidity and deposit metrics, despite net income beating estimates. The selloff in the country’s biggest private sector lender has raised concerns about peers such as ICICI Bank Ltd. and Kotak Mahindra Bank Ltd., due to announce earnings on Jan. 20.
Railway stocks on fast track ahead of Budget; Ircon, IRFC, others jump up to 15% today
Railway stocks continue to rally ahead of the 2024 Budget. Ircon International leads the pack, gaining 15% and hitting a fresh 52-week high. Indian Railway Finance Corporation (IRFC) also rose 10% to reach a new 52-week peak. Other stocks, including RVNL, IRCTC, Titagarh Rail Systems, Jupiter Wagons, Texmaco Rail & Engineering, and RITES, soared up […]
Rajesh Palviya picks 4 stocks that could give 16-19% return in the next 1 month
On the weekly chart, the index has formed a Bearish candle which engulfed its previous week’s move, forming a “Bearish Engulfing” candlestick formation, indicating a bearish reversal.
Q3 results today: ICICI Bank, Kotak Bank, IDBI among 40 companies to announce earnings
Q3 results today: 40 companies announcing their quarterly earnings. ICICI Bank and Kotak Mahindra Bank are among the most tracked after results. Other important results include IDBI Bank, IDFC First Bank, IREDA, J&K Bank, JK Cement, Persistent Systems, and Union Bank.
HUL shares fall over 3% after Q3 earnings. Should you buy, sell or hold?
FMCG major HUL posted a profit growth of a mere 0.6% YoY to Rs 2,519 crore while missing the ETNow poll estimate of Rs 2,724 crore. Revenue dropped 0.3% YoY to Rs 15,188 crore and also trailed estimates of Rs 15,533 crore.
Hot Stocks: Citi downgrades RIL post Q3; Morgan Stanley cuts HUL target
Citigroup downgraded RIL post Q3 results but raised the target price to Rs 2910 from Rs 2600 earlier. The Q3 numbers were largely in line with estimates. The O2C was softer while the Oil & Gas segments reported strong numbers.