Not nibbling now, expect deeper corrections in Nifty & Sensex: Dipan Mehta
Dipan Mehta expects a deep correction in the stock market, possibly as much as 10-12% on the Nifty and the Sensex. Corporate results have been disappointing, with growth rates of 10-12% but not enough to encourage buying at current valuations. Profit margins have expanded due to commodity prices, but this trend may level off. The […]
Tech View: Nifty forms bullish piercing candle. What traders should do on Thursday expiry
The short-term trend of Nifty seems to have reversed up, but the uncertainty remains in the market at the highs. The market could encounter strong resistance around 21,500-21,600 levels in the coming session. Immediate support is at 21,220 level, said Nagaraj Shetti of HDFC Securities.
IT stocks at inflection point? Both FIIs, mutual funds up stake in Q3
FIIs and mutual funds increase their shareholding in IT stocks as growth momentum may bottom out, leading to a return to growth in CY24. MF holding in Tech Mahindra rises to 14.24% in Q4. FIIs and MFs raise stake in Wipro. FIIs show faith in HCL Technologies and LTI Mindtree. MFs pare stake in Infosys, […]
Tech Mahindra Q3 results today: What to expect, how to trade the stock and key things to watch
Tech Mahindra Q3 results: Tech Mahindra overall revenue and constant currency revenues likely to decline, offset by margin expansion up to 330 basis points. Deal wins expected to be muted due to lower working days and weak macro environment. Communication and enterprise segments are under pressure.
5 railway stocks jump up to 7% ahead of Union Budget 2024
The sharp surge in railway stocks was attributed to the anticipation of the government unveiling fresh investments for railway infrastructure development in the upcoming 2024 Budget. Also, expectations of strong Q3 results have contributed to the upward momentum in these railway stocks.
BLS E-Services IPO to open on January 30. Check price band, issue size and other details
BLS E-Services IPO comprises a fresh equity issue of 2.3 crore shares. The company plans to raise around Rs 311 crore via the initial share sale. There is no offer-for-sale segment in the public offer.
Axis Bank, UltraTech Cement among 10 largecap stocks wherein FIIs raised stake in Q3
According to StockEdge data, here’s a list of 10 largecap stocks from the Nifty200 index wherein FIIs raised their stake in Q3
Technical Stock Pick: Indian Hotels hits a fresh record high in January 2024; likely to cross 500 in next 3-4 weeks
Indian Hotels Ltd, part of the hotel industry and owned by Tata Group, has rallied over 12% in a month to reach a fresh record high in January 2024. Short-to-medium-term traders can consider buying the stock now with a target of more than 500 in the next 3-4 weeks. The stock rose from Rs 424 […]
Ram Mandir theme: Smallcap zooms 7% on bagging orders from Ayodhya
Thane-based Responsive Industries is a leading manufacturer of PVC products like vinyl flooring, synthetic leather and luxury vinyl tiles.
Bajaj Auto Q3 results today: What to eye in the fineprint; how to trade the stock?
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company’s shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with […]