Tech View: Nifty ready to test all-time peak levels. What traders should do next week
The short-term moving averages are below the price action and should continue to support the indices on every decline. With 22,000 acting as immediate support to watch out for, the bigger area of support stands at 21,800-850.
TVS Motor crosses Rs 1 lakh crore m-cap as stock jumps 4% to fresh 52-week high
TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal.
Macro, mania and Modi may support overvalued Indian stock market: Kotak Equities
Kotak said it finds most sectors and stocks quite overvalued in the context of historical valuations coupled with the Street’s high assumptions for profitability in the short term, which may not sustain and weak business models and/or emerging risks to even hitherto strong business models in the medium term.
Reliance Industries sitting on a Rs 90-crore loss in this smallcap stock
Reliance invested Rs 413.28 crore in Ekta Kapoor-backed Balaji Telefilms in July 2017. The conglomerate purchased 25.2 million equity shares at Rs 164 each. However, since the purchase price of Rs 164, Balaji Telefilms has given RIL a negative return of 21.3% compared to its current market price of Rs 129.
Foreigners back India bonds over pricey stocks in tactical bet
Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan Chase & Co.’s emerging market index from June. In contrast, they’ve pulled $3.9 billion from local shares during the same period.
Entero Healthcare sees negative listing. Should investors exit?
Entero has incurred losses in the past three fiscal years, raising concerns about its financial sustainability and profitability. It also faces challenges with negative cash flows from all three major activities, impacting working capital requirements.
Nifty 50 earnings grew 17% YoY in Q3, but analysts’ tone cautious; here’s why
Automobiles and financials continued to propel the overall earnings growth, while they were also joined by global cyclicals such as oil and gas and metals. The only heavyweight sector to disappoint was information technology, with the overall earnings seeing a decline for the first time in 26 quarters.
Technical Stock Pick: Is Astral in a new bull market? What does the chart suggest?
Short-term traders can look to buy the stock now for a possible target of above Rs 2,200 in the next 4-6 weeks, suggest experts.
Bull run in India state-owned firms’ shares faces earnings risk
Companies in the BSE PSU Index beat analysts’ expectations by a mere 1% in the three months ended December, the slowest pace in six quarters, according to data compiled by Bloomberg. That’s not enough to justify a rally that sent the gauge to a fresh record on Thursday, and has more more than doubled the […]
Canara Bank, Dhanlaxmi Bank among 8 counters that witnessed decrease in NPAs in Q3
City Union Bank reported a net NPA of 2.19% in Q3 of the financial year 2024, while the net NPA in Q2FY24 was 2.34%. The PE ratio of the stock is 10.4. The firm has a market cap of Rs 10,169 crore.