Tech View: Nifty charts throw up dark clouds. What traders should do next week
Nifty’s short-term trend seems to have reversed down after a reasonable rise from the lows. Immediate support is placed at 22,300 and the weakness below this support could trigger more declines.
Bank of Maharashtra Q4 Results: Profit surges 45% YoY to Rs 1,218 crore
State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter, helped by a decline in bad loans and a rise in interest income. The Pune-based lender had earned a net profit of Rs 840 crore in the year-ago period.
Nestle India shares drop 2% after Q4 results. Buy, sell or hold?
The company has also informed the exchanges about changing the financial year from “1st January – 31st December” cycle to “1st April – 31st March” cycle. Accordingly, the current financial year of the company stands extended up to March 31, 2024, covering a period of 15 months commencing from January 1, 2023, to March 31, […]
Mphasis management on company performance, growth outlook and more
Our guidance to the community is we should be in the range of 14.6% to 16% on a reported basis which on a like-to-like basis will be 15.7% to 17.1% and that is compared to the 15.25 to 16.25 range that we had last year, which indicates that we have a north-ward bias. And within […]
IndusInd Bank shares fall 2% post Q4 results. How to trade now?
Private sector lender reported a 15% year-on-year (YoY) jump in its March quarter net profit at Rs 2,347 crore, which was higher than the Street estimate of Rs 2,041 crore. Its net interest income or NII rose 13.9% to Rs 5,376 crore during the quarter.
Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers
Tech Mahindra’s shares surge despite profit drop, backed by new CEO’s growth strategy. Analysts cautious yet optimistic about the company’s future performance and turnaround plan.
RBI announces auction sale of Govt. securities of Rs 32,000 crore
The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs 32,000 crore. The auction is scheduled to take place on Friday and it aims to facilitate the sale (re-issue) of Government Securities through a multiple price-based method.
Hot Stocks: Brokerages view on Nestle India, Bajaj Finance & ACC; Goldman raises Zomato target price
Brokerage firm Goldman Sachs maintained a buy rating on Zomato, CLSA maintained an underperform rating on ACC, Goldman Sachs recommended a neutral rating on Nestle India and JPMorgan has an underweight rating on Tech Mahindra.
Bajaj Finance shares fall 7% after Q4 results. Should you buy, sell or hold?
Motilal Oswal downgraded the stock to neutral with a target price of Rs 7,800 saying that the management’s guidance for FY25 is below its long-term guidance on multiple metrics such as AUM growth, credit costs, RoA, and RoE.
F&O stocks to buy today: Container Corp, ICICI Bank among top 7 trading ideas
Since it is the beginning of the new series, options data is scattered at various far strikes. On the weekly options front, the maximum Call OI is placed at 22900 and then towards 22600 strikes.