Nifty crosses 20-DEMA hurdle. What traders should do on Thursday
Nifty on Wednesday formed a green candle on the daily chart. Analysis of the Open Interest (OI) data revealed the highest OI on the call side at the 22,400 strike price, followed by the 22,500 strike price. On the put side, the highest OI was observed at the 22,000 strike price.
India can push growth close to 9 pc by implementing a few more reforms in next 5 years: Arvind Panagariya
Arvind Panagariya, Chairman of the 16th Finance Commission, believes India can achieve 9% economic growth in 5 years through reforms, praising PM Modi’s efforts to attract investment and challenging critics on GDP calculation methodology.
Kotak Equities downgrades multibagger HDFC AMC, upgrades Aditya Birla Sun Life to Add
The company’s outperformance over its peers is fully priced in at the current valuations, Kotak said in a note as it slashed the stock’s fair value to Rs 3,750, a 1.5% climbdown from Tuesday’s closing price of Rs 3,811.
Maruti Suzuki breaches Rs 4 lakh crore m-cap mark as stock races to fresh 52-week high
Maruti Suzuki India’s shares rose 4% to hit a new 52-week high, joining the club of stocks with a market capitalization of Rs 4 lakh crore, such as Reliance Industries and Larsen & Toubro.
RIL shares jump over 2% after Goldman Sachs raises target price, reiterates buy
The global brokerage sees 17% CAGR growth in the company’s EBITDA over FY 2024-27 with capex at its peak and inflecting returns. Goldman Sachs noted that RIL’s capex is peaking in longer gestation capex businesses.
EV car race: Will it be a Tesla vs Tata Motors battle on Indian roads?
India’s policy aims to attract Tesla for local manufacturing, creating competition with Tata Motors in the luxury car segment. The market sees potential growth with key players like Tata, MG, and Mahindra in the EV sector.
Hot Stocks: Brokerage view on RIL, Coal India, MGL and ABB India
Brokerage house Goldman Sachs maintained a buy rating on Reliance but raised the target price to Rs 3,400 from Rs 2,925 earlier. The global investment bank sees a 17% EBITDA CAGR over FY24-27.
Vijay Kedia-backed TAC Infosec IPO opens. Check issue size, price band, GMP and other details
TAC Infosec IPO opens for subscription today to raise Rs 30 crore. The IPO is priced at Rs 100-106 apiece. The company’s shares will likely get listed on April 5. It is commanding a high premium in the grey market.
Rupee’s dive traps FPIs with unhedged govt bond positions
Foreign portfolio investors, having splurged on government bonds ahead of India’s inclusion in global indices, offloaded ₹3,966 crore (around $450 million to $475 million) worth of sovereign debt in a single day when the rupee weakened past successive technical levels amid a retreating Chinese yuan and lack of significant market interventions by the Reserve Bank […]
ICICI Bank under fire for allegedly trying to influence I-Sec’s minority investors
Shareholders of ICICI Securities claimed on social media that the bank’s executives contacted them directly, asking them to vote in favour of the resolution that proposes to delist the broking subsidiary. Lawyers and market participants said such alleged actions could result in regulatory scrutiny of the voting process.