Tech View: Nifty forms Shooting Star candle. What should traders do on Thursday
Nifty on Wednesday ended about 39 points lower to form a Shooting Star pattern on the daily chart to indicate a strong possibility of further weakness from current levels.
Should Nifty bulls ‘sell in May and go away’, not return until election result day?
Nervousness on Dalal Street as Nifty bulls debate ‘Sell in May and go away’. Positive April returns trigger unease. US Fed meeting hints at rate cut projection. Analysts advise capitalizing on Nifty dips for buying opportunities.
Manappuram Finance shares rally 5% on Sebi nod to IPO of subsidiary Asirvad Micro Finance
Manappuram Finance shares surged 5.4% to a 52-week high of Rs 207.30 following news of subsidiary Asirvad Micro Finance receiving Sebi approval for an IPO. The IPO, filed last October, will follow a book-building process with allocation to various investor categories.
PNB Housing to start growing corporate business book sometime in H2: MD
PNB Housing CEO Girish Kousgi outlines plans for corporate business growth, cost of borrowing reduction, retail book growth, and affordable housing vertical expansion. Kousgi says: “We showed a growth of about 18.5% on disbursements and 14% on book. So, FY25, we are looking at book growth of 17% on retail. So, disbursement will be about […]
Kotak Equities initiates coverage on Mamaearth, cites 3 key differentiators
KIE attributed Honasa’s success to its strong marketing acumen, flair for spotting emerging trends and capitalising on them, and nimble execution, however, also lists potential key risks of further deceleration in ME growth and a rise in competition from traditional BPC players/platforms.
Chase the story behind a stock, not money on the table: Vijay Kedia
So, when the team which is working, which is building this corporate corporation, if they lose their fire in the belly and suppose if they cannot perform, so that could be one of the reasons that I would think that now nothing can be done with this team and I cannot change the team also, […]
Tata Chemicals shares fall over 4% on first-ever quarterly loss in nine years; Kotak Equities screams sell
Tata Chemicals witnessed a 4.5% decline in shares, hitting a day’s low of Rs 1,050 on BSE. This drop followed the company’s announcement of its first quarterly loss in nine years. Kotak Institutional Equities issued a ‘sell’ rating on the stock, setting a target price of Rs 770, indicating a potential downside of nearly 29%.
Varyaa Creations shares debut with 90% premium over issue price
Varyaa Creations debuted with a 90% premium on BSE SME, offering 13.4L shares at Rs 135. Evolved from Kalgi India, now focusing on jewelry trading, online-offline sales, and Mumbai-based manufacturing. 2023 financials: Rs 17.62 Cr revenue, Rs 3.51 Cr profit.
Hot Stocks: Brokerage view on UltraTech Cement, KPIT Tech, PNB Housing and Trent
The company delivered a strong performance, quite like Tata, but disclosures are quite unlike. Confidence seems high, which is reflected in the proposed (cash) 3Y incentive scheme for eligible staff.
Q4 results today: Indian Oil, Adani Energy among 55 companies to announce earnings
On Tuesday, investors are eagerly anticipating quarterly results from a total of 55 companies, with a spotlight on the Adani Group entities including Adani Energy and Adani Total Gas. Indian Oil’s performance is also among those closely observed.