Tech View: Nifty forms Marubozu candle on Day 1 of March series. What should traders do on Saturday
Nifty has broken out of a Running Triangle pattern, indicating the start of a fresh leg of up move. The daily Bollinger bands have begun to expand and prices trading along the upper band indicate that there could be sharp trending moves on the upside. We expect Nifty to target 23,000 – 23,100 in the […]
Zomato hits record high, bucking internet stocks’ sluggishness
Zomato’s shares hit a record high as its profitability improves, making it India’s most valuable internet stock. Investor sentiment has reversed, and Zomato dominates the food delivery market. Blinkit, its quick commerce business, is expected to drive further growth.
Technical Stock Pick: 30% rally in 3 months! Indus Tower breaks out from falling trendline resistance; time to buy?
Indus Tower: Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the next 3-4 weeks, suggest experts.
JSW Steel shares jump 4%, market cap crosses Rs 2 lakh crore mark. Here’s why
JSW Steel’s shares rose 4.4% as it incorporated JSW Green Steel Ltd for steel product manufacturing. Its market cap surpassed Rs 2 lakh crore, making it the top Nifty gainer. The stock has delivered nearly 23% in the last 12 months, underperforming Nifty50.
Health risks for hospitals amid SC diktat, steep valuations
The Supreme Court’s diktat comes as a negative surprise for the hospitals as their pricey valuations have triggered panic on D-Street as investors rushed to book profits in these counters. Hospital stocks were trading with deep cuts on Friday
Adani Energy in early talks for up to $500 million dollar bond issue, sources say
Adani Energy Solutions, earlier known as Adani Transmission, is looking to issue longer-tenor bonds maturing in 20-30 years but has not finalised the terms of the issue yet, according to both the sources. This will likely be the second dollar-bond offering by an Adani group company in 2024.
Hot Stocks: Brokerages on Gail India, Piramal Enterprises, IOC and Go Fashion
JM Financial maintained a buy rating on Go Fashion with a target price of Rs 1285. Go Fashion’s 9MFY24 performance has been below expectation, especially on the SSSG front, which, the brokerage firm believes, is more a function of the weak macro environment.
F&O stocks to buy today: SBI Life, Biocon among top 3 trading ideas
Positive setup was seen in stocks like Berger Paint, Hindustan Copper, Indus Tower, MCX, Ambuja Cement, Persistent, Indian Hotel, United Spirits, Persistent, Concor, Siemens, TVS Motor etc. among others.
Big movers on D-Street: What should investors do with Infosys, Shriram Finance and Hindustan Copper?
Stocks that were in focus included names like Infosys, which rose 0.16%, Shriram Finance, which jumped 3.8%, and Hindustan Copper, whose shares increased 6.44% on Thursday.
Sebi’s call for caution in small-caps keeps MFs on their toes
Immediately, it is quite likely that most mutual funds will impose restrictions on incremental investments in mid-cap and small-cap schemes or even increase the exit load – a fee for early exit – for this category to make hasty redemptions more expensive.