ITC, TechM, Power Grid among 10 stocks with highest dividend yield
Dividend yield is among of the most crucial factors to consider while investing in dividend-paying stocks. It is an indicator of the return that investors are earning on their shares. Religare Broking has filtered the list of 10 stocks based on their fundamental strength. Take a look:
Will Nykaa’s performance tread the Zomato path?
Zomato posted a significant improvement in unit economics/margins which were instrumental in driving upgrades and the consequent stock performance, Nuvama said.
Tech View: Nifty ends with Doji candle again. What traders should do on Wednesday
The index should move towards the next resistance zone of 22,450-500 either continuously from the current levels or maybe after a minor dip. Support for the index is now seen at 22,250-300 and 22,125-150 levels, said Tejas Shah of JM Financial & BlinkX.
Retail investors take JG Chemicals IPO past full subscription on Day 1. Check GMP and other details
Analysts advised investors to subscribe to the issue as the company is a market leader with a strong customer base. At the upper price band, the issue is valued at an EV/EBITDA of 12.3x based on FY23 earnings.
Will Nykaa’s performance tread the Zomato path?
Zomato posted a significant improvement in unit economics/margins which were instrumental in driving upgrades and the consequent stock performance, Nuvama said.
Global funds are returning to China stocks: Morgan Stanley
Some global funds have begun trimming rival India’s holdings citing excessive valuations and better risk-reward elsewhere, a shift that can bode well for China to regain its lost heft in global portfolios.
ICICI Lombard breaks out of Cup pattern to hit record highs; should you buy?
Short-term traders can look to buy the stock now for a target above 2100 levels in the next 2-4 months, suggest experts.
Rs 100L cr stock frenzy crushes record, propels India towards Rs 4 tn
India’s stock rally on Dalal Street has led to a significant increase in market capitalization, driven by a surge in Nifty and multibagger returns from small and midcap stocks. The market cap is inching closer to the $5 trillion mark and is predicted to reach $10 trillion by 2030.
CLSA downgrade of TCS, HCL Tech sparks selloff in IT stocks
CLSA’s downgrade of TCS and HCL Tech led to a selling spree in IT stocks. TCS shares fell 2% due to weak growth outlook and downside risk to FY25 estimates. Smaller IT counters were also affected.
Tata Motors shares rally 8% to fresh high on value discovery hopes after demerger
Tata Motors shares rally on hopes of better value from demerger of passenger vehicle and commercial vehicle businesses. Morgan Stanley and JP Morgan give overweight ratings. Demerger to secure synergies in EVs, autonomous vehicles, and vehicle software. PV business to compete with Maruti, JLR.