How to trade Godfrey Phillips, Zensar & Aurobindo Pharma on Tuesday
The Indian market closed higher on Monday for the second day in a row. The S&P BSE Sensex rose 145 points while the Nifty50 closed above 24,500.
Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO
The Q1 has typically been HCL’s weakest margin quarter with the top line impacts which have also been seasonal in that sense and Q1 even in the previous two years has been around that 17%, which is where HCL landed up this quarter as well, says CFO Prateek Aggarwal. Typically, Q2 picks up to something […]
Technical picks: Wipro, Coforge among 6 stocks that can rally up to 32% in short-term
The bluechip Nifty 50 and S&P BSE Sensex rose by 0.73% and 0.65% last week, respectively, led by IT stocks following market-leader Tata Consultancy Services’s results, which signaled early signs of recovery in the sector. Meanwhile, several analysts have shared their technical perspectives on various stocks, identifying potential gains of up to 32% in the […]
Big correction possible after a couple of months; VIP is a turnaround candidate: Sandip Sabharwal
Sandip Sabharwal says VIP could be a potential turnaround candidate. It is one of the stocks that we hold that has not performed and I would think that at these prices, it offers value and for people who want to wait, they could wait out the results, see if there are signs of turnaround, and […]
HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?
HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850.
Hot stocks: Brokerage view on HCL Tech and Avenue Supermarts
Nomura raised HCL Tech’s target to Rs 1,720, citing Q1FY25 beat expectations. Investec, maintaining a sell view with a Rs 1,312 target, noted inline results with concerns over EBIT%.
CDSL, and Nestle among 16 stocks trading ex-dividend from Tuesday. Last chance to buy!
Dividends are distributed to shareholders listed in the company’s database on the record date. With the T+1 settlement framework, the record date and ex-date align in most cases, except when a market holiday follows the ex-date.
Expect portfolio companies to generate at least 25% earning growth: Aveek Mitra
Aveek Mitra says he would not look into a particular number of whether this tax collection has increased or decreased or things like that. But he would like to see the new changes or reforms that are coming at the policy level. He expects the Budget will meet my concerns of employment, education, healthcare, and […]
Retail chases reward over risk, equity MF folio additions hit a record in June
In June 2024, 4 million equity mutual fund folios were added, raising the total to 133 million, according to AMFI. Sectoral funds, contributing 37.84% of gross inflows and over 40% of new folios for a second month, spearheaded this growth.
Tech View: Nifty looks strong to move up to 24,780 and 24,965
Analysts expect Nifty to continue its upward trend towards 24,780 and 24,965. Strong performance predicted for stocks such as ITC, HUL, and Reliance. Opportunities seen in oil & gas sector and IT stocks like HCLTech. Investors advised to monitor support levels and consider profit-taking.