Tech View: Nifty ends above 20-DMA for 3rd day. What traders should do on Friday
Nifty is currently placed at the edge of moving above the minor down- trend line resistance around 21,900-21,950 levels. A decisive break above this hurdle could open the doors for new all-time highs around 22,150 levels. Immediate support is at 21,800, said Nagaraj Shetti of HDFC Securities.
The whole strategy of profitable growth panning out for Arvind Fashions: Shailesh Chaturvedi
Shailesh Chaturvedi, MD & CEO of Arvind Fashions, discusses the company’s strong performance in the offline channel, weak consumer sentiment during Diwali, margin improvement due to premiumisation, and the company’s strategy for profitable growth to achieve a ROCE target of 20%. He is also confident that margin will sustain at the current level of 53.3% […]
Big block deal in Vedanta. Is GQG buying stake from promoter?
US-based GQG Partners is in talks to buy a stake in Vedanta. A big block deal worth over Rs 2,600 crore took place in Vedanta. The stake sale could be part of the Anil Agarwal-led mining company’s efforts to raise capital to repay debt.
3 equity mutual funds multiplied lumpsum investments over 10 times in 10 years
We considered equity categories such as large cap, mid cap, small cap, multi cap, large & mid cap, contra fund, value fund, flexi cap, focused fund, and ELSS funds. We only considered regular and growth options. We considered CAGR on lumpsum investment.
PSU Bank Stocks: SBI, PNB among 6 banks with highest NPA in Q3
As per the data available on Trendlyne, SBI, Bank of Baroda, and PNB are among 6 PSU banks that reported the highest NPA in PSU bank stocks
Betting Big! MFs raise stake in 30 stocks for 3 straight quarters, 11 turn multibaggers
Barring two companies – Balrampur Chini Mills and Shree Cement – rest of the stocks have given atleast double-digit returns so far in the current financial year.
M&M shares jump over 4% as brokerages raise target prices after Q3. Should you ride the tide?
Shares of Mahindra & Mahindra (M&M) jumped over 4% on BSE after brokerages raised their target prices. The Q3 results showed better than expected average selling prices (ASP) and volume growth of 11% YoY. The standalone profit rose 61% YoY to Rs 2,454 crore.
F&O stocks to buy today: DLF, ICICI Bank among 9 short term trading ideas
The Nifty future closed positive with gains of 0.46% at 21925 levels. India VIX was down by 2.34% from 15.81 to 15.44 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones.
Rate cuts coming? Park your money in longer duration debt funds: Arnav Pandya
For long-term investments, consider investing in longer duration debt funds and long duration bond funds. Fixed deposits can be a good option to take advantage of higher interest rates, but the timing of rate cuts is uncertain. Staggering fixed deposits and renewing them as they mature can help maximize returns.
Hot Stocks: Brokerage views on Gland Pharma, Bharat Forge, M&M and CG Consumer
Morgan Stanley maintained an Equal Weight rating on Crompton Greaves Consumer and an overweight rating on Bharat Forge. Jefferies recommended a hold rating on M&M and BofA Securities recommended a buy on Gland Pharma.